KULR Technology Group, Inc. (NYSE : KULR) shareholder update call for 4:30 PM EDT from Tuesday, August 18th, 2020. Michael Mo, KULR’s CEO, answers questions and provide a business update for the Company. He stated, “I am excited to have the opportunity to engage with our shareholders and look forward to receiving their questions as well as share our recent accomplishments and progress moving forward in 2020.”
KULR was awarded a patent on its Fiber Thermal Interface (FTI), a NASA-grade high-performance thermally conductive carbon fiber material developed for a variety of different applications, including the space, automotive and electronics.
KULR was also awarded a patent on its Thermal Runaway Shield, which reduces hazardous risks associated with thermal runaway in lithium-ion battery packs.
The Company partnered with Silicon Valley-based Drako Motors to use FTI for the thermal management system of Drako GTE, a new ultra high-performance electric supercar.
Dave Harden, former Chief of Strategic Prioritization at the Pentagon, joined KULR’s advisory board.
Signed an agreement with Volta Energy Products to provide passive propagation resistant (PPR) technology for implementation in stationary energy storage modules from the grid.
Launched a PPR battery design solution for space applications, including both trigger and production cells, for lithium-ion battery testing and safety.
Its innovative carbon fiber thermal management solution was used on the Mars 2020 Perseverance Rover SHERLOC instrument.
Partnered with Hazmat Safety Consulting to work with industry and regulatory leaders on PPR battery safety technology due to increased focus and concern on improving public safety from battery fires.
Announced licensing agreement with Americase for use of KULR’s PPR technology and supply of core materials for Americase’s patent-pending battery bag.
“We are well positioned to grow in 2020 despite the current economic climate,” said Mo. “Today, we are engaged in contracts with strategic customers including NASA, Department of Transportation, U.S. Air Force, and other government agencies in projects that are critical to national interest and which have a high degree of funding commitments that do not otherwise exist in today’s isolated business marketplace. During the last three months we have gained significant awareness of our activities and the value our advanced carbon fiber cooling solutions bring to the E-mobility and energy storage industries. We will continue this momentum going forward to create value for our shareholders.”