KULR Technology partners with Gamma Technologies

  • KULR integrates Gamma Technologies’ multi-scale multi-physics simulation platform GT-SUITE into the company’s holistic suite of products and services
  • The improvement enables KULR’s engineering team to develop next-generation battery designs for the eVTOL and EV markets

SAN DIEGO, Oct. 27, 2022 (GLOBE NEWSWIRE) — KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a leading energy management platform accelerating the electrification of the circular economy, today announced a strategic partnership with Gamma Technologiesa world leader and innovator in multiphysics system simulation software.

Through the partnership, KULR will integrate those of Gamma Technologies GT SUITE multiscale, multiphysics analysis platform into the company’s robust, holistic suite of products and services. GT-SUITE’s simulation capabilities enable engineering teams to create highly optimized next-generation battery designs, enabling KULR to ensure its customers access to state-of-the-art solutions.

“Analysis has always been the backbone of design improvement,” said Dr. William Walker, Director of Engineering at KULR. “However, moving away from single physics models to multi-physics models opens up endless possibilities when it comes to design improvements and product performance improvements. KULR is excited to expand our capabilities with Gamma Technologies’ industry-leading simulation platform.”

“We are excited to be working with industry leader in battery safety, KULR, as we focus on the critical needs of the eVTOL industry,” said Chris Walsh, CRO of Gamma Technologies. “Modern rotorcraft designs have an extremely thermally demanding mission profile that includes power-intensive flight segments that require thorough analysis early in the design process.”

KULR will use GT’s electrochemical simulation solution, GT-AutoLion3D, on the GT-SUITE platform. The integrated solution is used to provide cell and package level aging and cycling models.

KULR recently attended the GT Technical Conference 2022 where Dr. Walker delivered a keynote address titled “Test and Analysis Driven Approach to the Design of Safe and Reliable Battery Systems”.

About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) is a leading energy management platform that offers proven solutions that play a critical role in accelerating the electrification of the circular economy. Leveraging a foundation for designing, manufacturing and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systems, KULR has evolved its holistic suite of products and services to enable efficient and sustainable operations for its customers across all disciplines. For more information, please visit https://www.kulrtechnology.com/.

About Gamma Technologies Inc.
GT develops and licenses GT-SUITE, a leading multiphysics CAE simulation software. GT-SUITE includes a full library of physics-based modeling templates covering fluid flow, thermal systems, mechanical, electrical, magnetic, chemical, and control. It supports the entire development cycle from concept to validation. The GT SUITE applications cover a variety of technical systems such as conventional and hybrid vehicles, powertrains, engines, compressors, catalytic converters, acoustics, cooling, thermal management, HVAC, hydraulics, lubrication, multi-body mechanics and much more.

GT also develops GT-AutoLion, the leading lithium-ion battery simulation software used by battery suppliers and OEMs for both 1D and 3D battery analysis and design. It is a predictive, physics-based simulation tool that models the electrochemical processes of batteries. The integration of GT-AutoLion and GT-PowerForge in GT-SUITE further enhances this leading platform for full xEV analysis. For more information, see www.gtisoft.com.

Safe Harbor Declaration
This press release constitutes neither an offer to sell nor a solicitation of an offer to buy securities of any company. This press release contains certain forward-looking statements that are based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this press release are based on information available to us as of the date of this release. Our actual results could differ as a result of risks and uncertainties associated with our business, which are discussed in our Form 10-K dated April 28, 2022. Forward-looking statements include statements about our expectations, beliefs, intentions or strategies regarding the future and can be recognized by forward-looking words such as “anticipate”, “believe”, “could”, “estimate”, “”. expect”, “intend”, “may”, “should” and “would” or similar words. Any projections made by management in this press release are based on information currently available and management believes internal projections and expectations are subject to change over time. In addition, the projections are based entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and discussions with new and existing customers about our products and services. We assume no obligation to update the information contained in this press release, whether as a result of new information, future events or otherwise.

Investor Relations:
Tom Colton or Matt Glover
gateway group
Main: (949) 574-3860
[email protected]

Public relation:
Robert Collins/Zach Kadletz/Anna Rutter
gateway group
Main: (949) 574-3860
[email protected]

Brokers and Analysts:
Chesapeake Group
Mainline: (410) 825-3930
[email protected]

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