KULR Becomes Official Thermal Management and Battery Safety Provider for Andretti United Extreme E
SAN DIEGO, March 29, 2021 (GLOBE NEWSWIRE) -- KULR Technology Group
Inc. (OTCQB: KULR) (the "Company" or "KULR"), today announces it
will be the official thermal management and battery safety provider to
Andretti United Extreme E ahead of the inaugural all-electric SUV Off-Road
Racing Series Extreme E, which gets
underway from 2-4 April 2021, with round-one in Saudi Arabia. As part of
the collaboration, Andretti United Extreme E will draw upon KULR's
technical expertise building lightweight, high-performance thermal
management solutions for space exploration -- including the NICER
instrument on the International Space Station, the Mercury Messenger and
the SHERLOC instrument on the Mars Rover.
This news follows on last week’s announcement that KULR has become an official thermal management and battery safety technical partner for Andretti Technologies (ATEC) – the advanced technology arm of Andretti Autosport, founded by Michael Andretti. Andretti is also co-owner of Andretti United Extreme E alongside Zak Brown and Richard Dean.Andretti United Extreme E’s commitment to sustainability and to the all-electric racing series was a key factor in working with KULR. Extreme E, a worldwide EV racing tour, is a signatory of the United Nations’ Sports for Climate Action Framework. The initiative, led by the UN’s Framework Convention on Climate Change (UNFCCC), was born out of the 2015 Paris Agreement and calls on sporting organizations to acknowledge the contribution of the sports sector to climate change and their responsibility to strive towards climate neutrality for a safer planet. With 30 percent of the planet’s CO2 emissions coming from transportation, KULR's goal is to not only develop both high performance and high safety-rated batteries, but to also create fully sustainable battery architectures designed for reuse and recyclability thus ensuring a more sustainable society for everyone.
“Excitement stemming from the inaugural racing season and the importance of our underlying thermal solutions makes Andretti United Extreme E ideal for KULR in terms of sharing a similar ethos," said Keith Cochran, President and COO of KULR. “I'm excited for the upcoming racing season and the collaboration ahead.”
KULR’s technology was designed with NASA for regulating extreme temperatures of sensitive components in space and was used by the Mars Perseverance Rover mission that just landed on the Red Planet last month.
“We’re excited to work with the KULR team not simply for the technical expertise but also for the shared vision in terms of sustainable energy solutions” says Roger Griffiths, Team Principal at Andretti United Extreme E. “We anticipate a substantial exchange of technical knowledge as we work with KULR for the inaugural racing season.”
To keep up-to-date on the joint collaboration with Andretti United Extreme E, please follow KULR Technology on Facebook, Instagram, Twitter, LinkedIn, or TikTok.
About KULR Technology Group Inc.
KULR Technology Group Inc. (OTCQB: KULR) develops, manufactures and
licenses next-generation carbon fiber thermal management technologies for
batteries and electronic systems. Leveraging the company's roots in
developing breakthrough cooling solutions for NASA space missions and
backed by a strong intellectual property portfolio, KULR enables leading
aerospace, electronics, energy storage, 5G infrastructure, and electric
vehicle manufacturers to make their products cooler, lighter and safer for
the consumer. For more information, please visit www.KULRTechnology.com.
About Andretti United Extreme E:
Andretti United Extreme E brings together two powerhouses in the world of
motorsport: U.S-based Andretti Autosport and England’s United Autosports.
Between them they boast some of the biggest names in racing
including McLaren CEO Zak Brown and former racing driver Richard Dean on
the United side plus racing legend Michael Andretti. With a great history
which includes IndyCar, Formula E, GT 4 America, British GT, the European
and Asian Le Mans series and the 24 Hours of Le Mans, this team knows
racing inside out. For more information, please visit www.andrettiunitedexe.com and you can follow the team
on social media via @andrettiunitedxe
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Media Contact:
Derek Newton
Head, Media Relations
Main: (786) 499-8998
Derek.Newton@KULRTechnology.com
Investor Relations:
KULR Technology
Group Inc.
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IR@KULRTechnology.com
