Kulr Technology Partners With Nasa

Discussion in 'Penny Stocks' started by supernova23, Aug 26, 2020.

  1. supernova23

    supernova23 Senior Investor

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    KULR Technology Group Awarded by NASA Marshall Space Flight Center to Build 3-D Printed Battery Systems for Manned and Robotic Space Applications

    Development of new 3D technology may enable future space missions to print spare battery packs on demand and en route therefore reducing the cost of transport and reserving cargo capacity

    SAN DIEGO, CA / ACCESSWIRE / August 26, 2020 / KULR Technology Group, Inc. (OTCQB: KULR) (the "Company" or "KULR") today announces that NASA's Marshall Space Flight Center (MSFC) has awarded the Company a dual-use technology development agreement to build 3D printed battery systems for manned and robotic space applications. KULR's passive propagation resistant (PPR) and internal short circuit (ISC) technologies will be used to develop 3D printed battery systems that meet the JSC 20793 Revision D safety standard created by NASA for crewed space missions.

    "NASA employs highly rigorous assurance and safety standards, especially for our man-rated technologies. KULR's PPR design solution for future manned and unmanned space missions is an ideal fit for mass design, flexibility and cost, all the while maintaining this safety rigor through battery risks such as thermal runaway," said NASA MSFC Deputy Chief Technologist John Carr.


    "Through our partnership with KULR, we will now have the incredible ability to build space-optimized battery pack systems in-orbit," said Brandon Lewis, Human Landing System Cross Program Analysis Coordinator. "We take the safety of our astronauts very seriously. KULR's technologies will enable us to build safer battery packs that prevent dangerous thermal runaway propagation and protect our most valuable assets."

    The ability to 3D print in space has numerous advantages, including the potential to make human space exploration less costly; allowing for extended missions; and reserving cargo capacity for other valuable items and/or equipment.

    "The optionality to repair and replace battery packs in space with parts 3D printed in space is a complete game changer," said Dr. Timothy Knowles, co-founder and chief technology officer of KULR. "3D printing of KULR's PPR battery design will help lower the costs associated with battery pack transportation for the upcoming Artemis missions, where NASA will build sustainable elements on and around the moon in preparation for an eventual human mission to Mars."

    About KULR Technology Group:

    KULR Technology Group, Inc. 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.

    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 Form 10-K filed on May 14, 2020. 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. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management's best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. 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: https://finance.yahoo.com/news/kulr-technology-group-awarded-nasa-130000542.html
     
  2. supernova23

    supernova23 Senior Investor

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    NASA choosing to utilize KULR's PPR solutions (i.e. TRS and ISC technologies) for future manned and unmanned space applications is a big endorsement as to the efficacy of the Company's technologies. This is a great selling point for KULR as it continues to engage prospective customers and commercialize its products!

    Recently, KULR inked a deal with Volta Energy who will utilize KULR's PPR solutions for energy storage modules used to service the grid and Drako Motors who will use KULR electronics and cooling technologies for an electric supercar.
     
  3. supernova23

    supernova23 Senior Investor

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    KULR Technology Group and Hazmat Safety Consulting Begin Work to Improve Industry Standards for Commercial Shipments of Batteries

    Comes on the heels of KULR’s recent announcement on its participation in meetings with the United Nations Transport of Dangerous Goods Sub-Committee Informal Working Group

    SAN DIEGO, Sept. 02, 2020 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KULR) (the “Company” or “KULR”) today announced that the Company has commenced work on helping establish updated industry safety standards for lithium battery packaging used to ship batteries commercially. In April 2020, the Company announced a partnership with Hazmat Safety Consulting (“Hazmat”), an organization with over 60 years of combined experience in developing, influencing, and interpreting lithium battery safety regulations for the safe transport of lithium batteries.

    This week, KULR is participating in meetings of the United Nations Transport of Dangerous Goods Sub-Committee Informal Working Group to establish test methods and criteria by which lithium batteries can be more effectively regulated based on their inherent hazards. On September 15, 2020, the Company will present to a subcommittee of the Transportation Research Board on the Prevention of Thermal Runaway Propagation in Lithium Batteries. KULR’s passive propagation resistant (PPR) design solutions prevent dangerous cell-to-cell thermal runaway propagation. KULR’s PPR solutions were recently adopted by NASA for use in future space missions.

    Lithium battery fires -- such as the incidents that destroyed a UPS plane in 2010 and a FedEx truck in 2016-- have increasingly become a public safety concern. The National Transportation Safety Board (NTSB) has called for stricter testing and shipping standards for lithium batteries and submitted safety recommendations to the Pipeline and Hazardous Materials Safety Administration (PHMSA), a division of the Department of Transportation responsible for developing, issuing, and enforcing safety regulations for the transport of hazardous materials, in May 2020.

    “Bob Richard, President of Hazmat, who formerly served as the Deputy Associate Administrator for the PHMSA and Chairman of the UN Sub-Committee of Experts on the Transport of Dangerous Goods, will be instrumental in guiding us through the steps required to implement minimum packaging standards required to ship lithium batteries,” said Michael Mo, CEO of KULR. “Our PPR technologies are world-class solutions for preventing dangerous battery fires, and we share the NTSB’s, concerns about current safety standards. Requiring that lithium batteries be shipped in packaging capable of preventing thermal runaway propagation makes logical sense and should be taken into serious consideration by the PHMSA.”

    According to Verified Market Research, the global lithium ion battery market was valued at $36.35 Billion in 2019 and is projected to reach $115.98 Billion by 2027, growing at a CAGR of 15.6% from 2020 to 2027.

    Last year, NASA used the Company’s PPR technology to safely transport to and store lithium batteries aboard the International Space Station as well as collaborated with KULR on NASA’s high-voltage battery safety guide. Earlier this year, KULR licensed its technologies to Americase, which provides the world’s most widely used return packaging solution for damaged, defective, or recalled batteries.

    About KULR Technology Group, Inc.
    KULR Technology Group, Inc. 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.

    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 Form 10-K filed on May 14, 2020. 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. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. 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: https://www.globenewswire.com/news-...ds-for-Commercial-Shipments-of-Batteries.html
     
  4. supernova23

    supernova23 Senior Investor

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  5. supernova23

    supernova23 Senior Investor

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  6. supernova23

    supernova23 Senior Investor

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    KULR earnings due by 11/16/20...
     

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