KULR Technology Group Provides Biosensing Solution for the Metaverse
SAN DIEGO, May 03, 2022 (GLOBE NEWSWIRE) -- KULR
Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"),
today announced it has shipped prototypes of a core component in the
sensing of electrical nerve signals to control navigation through virtual
environments to a major original equipment manufacturer (“OEM”) of
hardware and software to the Metaverse. This multinational technology
conglomerate has selected KULR’s proprietary carbon fiber solution due to
its superior thermal and electrical qualities, as well as its comfort on
the skin.
A March 2022 report by Citi has high expectations for the Metaverse. According to the report, users should increasingly be able to access a host of use cases, including commerce, art, media, advertising, healthcare, and social collaboration. A device agnostic Metaverse would be accessible via personal computers, game consoles, and smartphones, resulting in a large ecosystem. Using this broad definition, Citi forecasts the total addressable market for the Metaverse to be between $8 trillion and $13 trillion by 2030, with total Metaverse users numbering around five billion.
“We are excited to apply our carbon fiber substrate in new emerging applications such as biosensing for the Metaverse,” said KULR’s CEO, Michael Mo. “We have prior experience in this area working with Yale University researchers using similar carbon fiber materials to detect electric pulse signals from the brain. We believe there are more opportunities to apply our design and processing capabilities, beyond thermal management and battery safety, around vertically oriented carbon fiber as a foundational platform to build exciting new applications.”
Michael Mo recently sat down with Proactive to talk more about the company's new solution.
KULR’s core thermal energy management solution is based on its proprietary carbon fiber velvet, in which the fiber packing density and orientation serve a wide range of applications, including challenging thermal and chemical environments, sliding interfaces, and interfaces with wide varying gaps. Based on this core architecture, KULR has developed battery safety technologies to mitigate lithium-ion battery thermal runaway propagation. KULR is also exploring new battery configurations where its carbon fiber velvet can increase energy density, provide faster charging capabilities, and enhance solid state battery performances.
About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: 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.
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Media Relations:
Annika Harper
The Antenna Group
KULR@antennagroup.com
Investor Relations:
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Gateway Investor Relations
Main: (949) 574-3860
KULR@gatewayir.com
