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Microcap & Penny Stocks : KULR Technology
KULR 1.2000.0%Apr 7 4:00 PM EDT

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From: supernova2310/21/2019 9:13:06 AM
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KULR Collaborates with NASA on High-Voltage Battery Safety Guide

CAMPBELL, Calif., Oct. 21, 2019 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KULR) (the “Company” or “KULR”), a leading developer of battery safety and thermal management technologies, announced that it has completed first phase development for an upcoming NASA high-voltage battery safety guide.

The NASA guide will outline the safety features of the most common commercial-off-the-shelf lithium ion battery cells as well as why and how they can fail, causing a dangerous reaction known as thermal runaway. KULR advised that internal safety devices did not adequately protect the cells from catastrophic events, specifically in cases of overcharging or in high-voltage, high-capacity configurations. KULR’s research and technical expertise in battery safety contributed to the findings in the NASA guide.

The NASA safety guide is intended to assist NASA engineers, designers and others develop and deploy energy storage and power sources for future products and missions, including NASA’s next generation space suit, which is expected to include high-capacity battery packs. NASA seeks to establish design guidelines for an advanced lithium ion spacesuit battery module that is lightweight, compact, and passively resistant to propagation or thermal runaway due to a single cell hazard.

“If there’s one place that battery failure can be catastrophic, it’s in a space suit, or in an environment where response and assistance options are limited or non-existent,” said Michael Mo, CEO of KULR Technology. “That’s why we’re continuing to work with NASA, and other partners where battery safety and performance are mission-critical, to understand and ultimately prevent these dangerous battery incidents.”

This work continues and builds on KULR’s pioneering battery and thermal management collaborations with NASA. Most notably, KULR’s thermal runaway shield (TRS), has been shown in government and lab testing to stop or mitigate the impacts of thermal runaway in batteries. In November, NASA will send a TRS solution to the International Space Station to store and protect laptop batteries. Additionally, KULR has exclusively licensed several battery technologies from NASA including the Internal Short Circuit (ISC) and the Fractional Thermal Runaway Calorimeter (FTRC).

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 deep space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.kulrtechnology.com.

Safe Harbor Statement
This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our parent entity’s Form 10-K filed on March 29, 2019. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Source: globenewswire.com
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