KULR Receives Follow-On Phase Change Material Heat Sink Order from Lockheed Martin
SAN DIEGO, June 29, 2022 (GLOBE NEWSWIRE) -- KULR Technology Group,
Inc. (NYSE American: KULR) (the "Company" or "KULR"), a
leading developer of next-generation lithium-ion battery safety and thermal
management technologies, announced today it received a follow-on order for
its space-developed phase change material (“PCM”) heat sink technology
from leading aerospace and defense company Lockheed
Martin Corporation (NYSE: LMT).
Phase change material heat sink technology reduces system temperature excursions and extends both the life of key components within the thermal storage process. The solution is most useful for compact and high-performance devices that require bursts of computational power in short time intervals. KULR’s PCM heat sink technology is compact, reliable, and lightweight and has been utilized by leaders in the U.S. aerospace and defense industries.
“Repeat business like this is a testament to our reliable engineering, testing, and design capabilities that meet the stringent requirements of long-range weapon systems,” said Keith Cochran, President & COO of KULR Technology Group, Inc. “Our many years of experience designing lightweight and durable heat sink technologies positions us well to capture additional share of the thermal design market for military precision strike weapons. Lockheed is a valuable customer to us, and we look forward to the continued partnership in providing them the best thermal management technologies for crucial aerospace, defense and other systems.”
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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Investor
Relations:
Tom Colton or Matt Glover
Gateway Investor
Relations
Main: (949) 574-3860
KULR@gatewayir.com
