Breaking Sustainable Aerospace News: KULR
(NYSE: $KULR) Signs Service Agreement to Launch KULR ONE Space Battery; @KULRTech
Houston, TX - December 17, 2024 (Investorideas.com Newswire) KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced
energy management platforms, proudly announces its plans to launch the KULR ONE
Space (K1S) battery via launch integrator Exolaunch on a SpaceX rideshare
mission scheduled for 2026. This mission represents a pivotal milestone in
KULR's ongoing commitment to developing safer and higher-performing battery
systems tailored for space applications for a space battery market that is
expected to grow from $3.9B to $6.35B by 2030 per Virtue Market Research.
This pathfinder mission will
integrate multiple configurations of the KULR ONE Space (K1S) battery into a 6U
SmallSat. A 6U SmallSat is a lightweight satellite with a standardized
structure measuring approximately 10 cm x 20 cm x 30 cm, built using durable
materials like aluminum or carbon-fiber composites to endure the extreme
conditions of space. The K1S battery configurations have been carefully
selected to demonstrate cell and pack performance, as well as electronic
functionality in orbital environments. This mission will also validate the
flight capabilities of the K1S, the first commercial-off-the-shelf (COTS)
lithium-ion battery series engineered to fully comply with NASA's JSC 20793
battery safety standard.
This news is paid
advertisement/ news disseminated on behalf of/issued on behalf of KULR Technology
Group, Inc.
Read this news, featuring KULR in
full at https://www.investorideas.com/news/2024/12161KULR-ONE-Space-Battery.asp
Key highlights of the K1S rideshare
mission include:
- Integration of top cells from leading cell manufactures: The K1S variations will feature state-of-the-art 18650 cells
delivered by top-tier original equipment manufacturers (OEMs), including
LG, Samsung, Amprius, and MOLICEL.
- Utilization of cells strategically selected by NASA: One of the K1S systems incorporated into the mission will be
constructed with MOLICEL 18650-M35A cells with associated NASA Initial Lot
Assessment (ILA), Lot Acceptance Testing (LAT), and WI-37A Cell Screening, previously referred to by KULR as the "Golden Lot".
- Incorporation of next generation low-temperature cell technology: If feasible, a version of the K1S architecture will include
ultra-low-temperature performing cells capable of operating at -60°C
without integrated heaters, further demonstrating KULR's innovative
advancements.
- Advanced battery management system: The mission will also showcase KULR's newly developed battery
management system (BMS) architecture, which provides a COTS solution
designed to meet the stringent safety requirements of the 20793 standards.
- Gaining flight heritage for commercialized variations of safe
battery architectures: The K1S
batteries are engineered with passive propagation resistance and
flame-arresting technology, delivering safer and higher-performing systems
at a fraction of the cost compared to traditional 20793-compliant
batteries. This rideshare mission will provide additional flight heritage
to the architectures developed by the KULR team.
Dr. William Walker, KULR Chief
Technology Officer, and Peter Hughes, KULR Vice President of Engineering,
jointly stated, "the upcoming mission will serve as a platform to showcase
the exceptional capabilities of KULR's cutting-edge battery solutions,
reinforcing the Company's position as a leader in advanced energy technologies
for space and aerospace applications. The mission aligns with KULR's ongoing
efforts to revolutionize the space industry by offering reliable and
high-performance energy solutions that meet the most stringent safety
standards, all while reducing costs for customers."
"We are excited to bring our
KULR ONE Space batteries to orbit on this rideshare mission," said Michael
Mo, CEO of KULR Technology Group. "This mission underscores our commitment
to providing safer, more efficient, and cost-effective battery solutions for
the most demanding environments. With the integration of next-generation cells
and our advanced BMS architecture, we are setting a new standard for COTS
battery technology in space."
For more information, visit www.kulrtechnology.com.
About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) delivers cutting edge energy
storage solutions for space, aerospace, and defense by leveraging a foundation
of in-house battery design expertise, comprehensive cell and battery testing
suite, and battery fabrication and production capabilities. The Company's
holistic offering allows delivery of commercial-off-the-shelf and custom next
generation energy storage systems in rapid timelines for a fraction of the cost
compared to traditional programs. For more information, please visit www.kulrtechnology.com.
Safe Harbor Statement
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 with the Securities and Exchange Commission on
April 12, 2024, as may be amended or supplemented by other reports we file with
the Securities and Exchange Commission from time to time. 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.
Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulrtechnology.com
KULR
Technology Group, Inc. (NYSE: KULR) is a featured renewable energy stock on
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