KULR Technology provides secure battery testing solutions to the largest automobile manufacturer in the United States

KULR Technology Group, Inc.

KULR Technology Group, Inc.

The internal short circuit test technology allows the company to trigger battery cell failure predictably and then investigate the underlying causes to build safer batteries

SAN DIEGO, Nov. 14, 2022 (GLOBE NEWSWIRE) — KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a leading energy management platform company accelerating the global transition to a sustainable electrification economy, today announced that it has entered into an agreement to provide its internal short circuit (“ISC”) ) battery safety and testing equipment to the largest automobile manufacturer in the United States (the “Customer”). For more information on the customer pipeline, see the company’s latest 10-Q filing.

The internal short circuit test solution reliably produces thermal runaway in trigger cells of lithium-ion batteries under controlled laboratory conditions. The device does not rely on mechanically damaging the exterior of the battery to activate the short like most other assessment methods do, instead initiating a true internal short. This makes it possible to precisely locate and fix problems that lead to malfunctions. This superior testing methodology enables KULR and its customers to more effectively test the next generation of EV batteries and bring more reliable and safer battery systems to market faster and at lower cost.

ISC technology received the prestigious R&D 100 award in 2016 and was runner-up for NASA invention of the year in 2017.

“We are at the beginning of the electrification movement and it’s great to see a global automotive company fully embracing the strategic value of better testing for the development of the next wave of EV battery systems,” said Michael Mo, CEO of KULR Technology. “Particularly in the aftermath of Hurricane Ian and the continued destruction caused by EV battery explosions in storm-hit areas, solutions like KULR’s ISC device are more important than ever to help ensure consumer safety across a variety of industries, including electric vehicles, electric vertical take-off and landing aircraft, seafaring and more.”

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/.

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 John Yi
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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