KULR to Develop Advanced Thermal Management for Aerospace Applications; Multi-Year Contract Worth Between $6 Million to $7 Million
SAN DIEGO, Nov. 16, 2023 (GLOBE NEWSWIRE) -- (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced an initial engagement with a Tier-1 aerospace and defense manufacturer (“Tier-1 Manufacturer”). The contract, with a revenue potential of between $6 million to $7 million over multiple years, involves the development of a Phase Change Material Module (“PCMM”) designed to ensure thermal stability for critical components used in space environments.
KULR's proprietary PCMM will be a key element in the broader program, serving to maintain precise temperature control under the extreme conditions of space operations. A prototype unit will be developed first, enabling the Tier-1 Manufacturer to conduct thorough performance evaluations in preparation for the subsequent flight units.
“This new venture is a landmark achievement for us at KULR,” said Michael Mo, CEO and Co-Founder of KULR Technology Group. "It's a natural synergy, aligning the customer’s needs with our specialized thermal management solutions. While this is our first project together, we are enthusiastic about the potential for a long-term partnership."
The collaboration highlights KULR's commitment to delivering high-quality, reliable thermal management technology, and lays the groundwork for potential future engagements.
For further details on KULR Technology Group and its role in pioneering aerospace thermal management solutions, please direct inquiries to .
About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) is a leading energy management platform company offering proven solutions that play a critical role in accelerating the electrification of the circular economy. Leveraging a foundation in developing, manufacturing, and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systems, KULR has evolved its holistic suite of products and services to enable its customers across disciplines to operate with efficiency and sustainability in mind. For more information, please visit .
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