|KULR Technology Partners With Lockheed Martin to Provide Thermal Management Solutions|
CAMPBELL, Calif., May 14, 2019 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KUTG), (the “Company” or “KULR”), today announced it will provide its space-developed thermal technology for a purpose-built phase change (PCM) heat sink to leading aerospace and defense company Lockheed Martin (NYSE: LMT).
The PCM developed by KULR delivers concentrated heat capacity from phase change, utilizing the company’s proprietary carbon fiber core to provide tailored thermal conductivity and proven durability in a light-weight package. The PCM device may serve as a structural element in the system and either absorb or release heat according to the application. This fully passive device offers a cost-effective alternative to more complex cooling methodologies.
Details on how Lockheed Martin will use the customized PCM heat sinks was not disclosed, nor were specific terms of the agreement. Company leaders did highlight the importance of their partnership in developing and using the best thermal management technologies for crucial aerospace, defense and other systems.
“In nearly every advanced technology, heat is a killer. And the more advanced, the more precise something has to be, the more important it is to isolate and redirect heat away from the source – and that’s what we do,” said Michael Mo, CEO of KULR. “We are very proud to be working with Lockheed Martin to design and deliver thermal management solutions to their demanding specifications – solutions that allow Lockheed Martin to meet and exceed the needs of their customers,” he said.
KULR’s PCM solutions are expected to be delivered through 2019.
About KULR Technology Group, Inc.
KULR Technology Group, Inc., through its wholly-owned subsidiary KULR Technology Corporation ("KULR"), develops and commercializes high-performance space-used thermal management technologies for electronics, batteries, and other components across an array of applications such as electric vehicles and autonomous driving (collectively as E-Mobility), AI/Cloud computing, energy storage, and 5G communication technologies. KULR's proprietary, core technology is a carbon fiber material with roots in aerospace and defense that provides superior thermal conductivity and heat dissipation in an ultra-lightweight and pliable material. By leveraging this break-through cooling solution and its longstanding development partnerships with NASA, the Jet Propulsion Lab and others, KULR makes E-Mobility and other products safer and cooler. https://www.kulrtechnology.com
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