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$KULR) Partners with E-One Moli Energy Corporation to Advance its Total Battery Safety and Thermal Management Solutions Strategy; @KULRTech

by Trading How
July 3, 2022
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SAN DIEGO – June 30, 2022 (Investorideas.com Newswire) KULR Technology Group, Inc. (NYSE American: KULR) (the “Firm” or “KULR”), a number one developer of next-generation lithium-ion (“Li-ion”) battery security and thermal administration applied sciences, positioned an preliminary order for over 75 megawatt hours (“MWh”) of Li-ion battery cell capability from Taiwan’s E-One Moli Energy Corporation (“Molicel”) to design and construct battery functions with the best security rankings. As a part of the strategic relationship, KULR would buy over 700MWh of battery vitality capability to additional speed up its manufacturing and provide chain localization initiatives inside North America.

Molicel, a subsidiary of publicly traded Taiwan Cement (1101.TW), has been a number one innovator within the Li-ion battery business for greater than 4 many years and is concentrated on growing the high-power cylindrical cell phase as a prime tier world provider. The corporate has confirmed to be a world-class producer of high-performance rechargeable Li-ion cells and battery pack merchandise. Molicel was the primary group on the planet to provide high-power Li-Ion cells for top discharge price functions, producing the world’s first Li-Ion energy device system, and it equipped the primary NASA Spacesuit Li-Ion battery on the STS-133 mission.

“Partnering with a battery provider that has the technical and manufacturing pedigree of Molicel is a crucial step for our development technique,” mentioned KULR CEO Michael Mo. “This collaboration ensures that KULR has entry to world-class Li-ion battery capability – an increasingly scarce resource given right this moment’s world provide chain challenges. As a complete battery security platform resolution supplier, we are going to incorporate our core applied sciences into battery pack design, testing and manufacturing to create the most secure batteries for top worth functions. That is an inflection level for KULR because it positions our thermal security options platform to grow to be higher entrenched within the market, in the end offering us with a chance to optimize logistics and to extra successfully seize full worth for our shareholders. As we described earlier this yr, we plan to proceed investing within the localization of our manufacturing and provide chain to North America. Securing this Molicel battery cell provide accelerates our potential to offer complete options to excessive worth buyer functions with income potential that would exceed $350 million.”

By way of the partnership with Molicel, KULR will apply a holistic and complete resolution to battery security and thermal vitality administration with a collection of applied sciences together with its: Passive Propagation Resistant (“PPR”) design and testing, Internal Short Circuit (“ISC”) set off cells, Fractional Thermal Runaway Calorimeter (“FTRC”) testing and AI-powered CellCheck battery administration system, to focus on the next markets:

  • Aerospace and protection methods, reminiscent of CubeSat batteries meeting JSC 20793 security necessities and the strategic battery reserve program initiated by NASA
  • Vitality storage methods
  • High-performance electrical automobiles and electrical vertical take-off and touchdown (“eVOTL”)
  • Premium industrial and client electronics

About KULR Expertise Group Inc.

KULR Expertise Group Inc. (NYSE American: KULR) develops, manufactures and licenses next-generation carbon fiber thermal administration applied sciences for batteries and digital methods. Leveraging the corporate’s roots in growing breakthrough cooling options for NASA house missions and backed by a powerful mental property portfolio, KULR permits main aerospace, electronics, vitality storage, 5G infrastructure, and electrical car producers to make their merchandise cooler, lighter and safer for the patron. For extra data, please go to www.KULRTechnology.com.

Secure Harbor Assertion

This launch doesn’t represent a suggestion to promote or a solicitation of affords to purchase any securities of any entity. This launch accommodates sure forward-looking statements based mostly on our present expectations, forecasts and assumptions that contain dangers and uncertainties. Ahead-looking statements on this launch are based mostly on data accessible to us as of the date hereof. Our precise outcomes could differ materially from these said or implied in such forward-looking statements, as a result of dangers and uncertainties related to our enterprise, which embody the chance elements disclosed in our Type 10-Ok filed with the Securities and Change Fee on March 28, 2022. Ahead-looking statements embody statements concerning our expectations, beliefs, intentions, or methods concerning the long run and may be recognized by forward-looking phrases reminiscent of “anticipate,” “imagine,” “might,” “estimate,” “anticipate,” “intend,” “could,” “ought to,” and “would” or related phrases. All forecasts are offered by administration on this launch are based mostly on data accessible presently and administration expects that inner projections and expectations could change over time. As well as, the forecasts are fully on administration’s greatest estimate of our future monetary efficiency given our present contracts, present backlog of alternatives and conversations with new and present clients about our services and products. We assume no obligation to replace the data included on this press launch, whether or not because of new data, future occasions or in any other case.

Investor Relations:

Tom Colton or Matt Glover
Gateway Investor Relations
Essential: (949) 574-3860
[email protected]

Disclaimer/Disclosure: Investorideas.com is a digital writer of third celebration sourced information, articles and fairness analysis in addition to creates unique content material, together with video, interviews and articles. Unique content material created by investorideas is protected by copyright legal guidelines apart from syndication rights. Our website doesn’t make suggestions for purchases or sale of shares, companies or merchandise. Nothing on our websites needs to be construed as a suggestion or solicitation to purchase or promote merchandise or securities. All investing entails danger and potential losses. This website is presently compensated for information publication and distribution, social media and advertising, content material creation and extra. Disclosure is posted for every compensated information launch, content material revealed /created if required however in any other case the information was not compensated for and was revealed for the only curiosity of our readers and followers. Contact administration and IR of every firm straight concerning particular questions. Disclosure: KULR Expertise Group, Inc. (NASDAQL KULR) is a paid information and social media firm efficient Might 16 2022 extra data https://www.investorideas.com/About/News/Clientspecifics.asp

Extra disclaimer data: https://www.investorideas.com/About/Disclaimer.asp Study extra about publishing your information launch and our different information companies on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

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