KULR Enters into an Agreement with Lockheed Martin for Heat Sink Advancements in Precision Missile Electronics
26 März 2024 - 1:30PM
KULR Technology Group, Inc. (NYSE American: KULR)
(the "Company" or "KULR"), a global leader in sustainable energy
management, today proudly announces receiving a six-figure contract
from Lockheed Martin (NYSE: LMT) for developing phase change
material ("PCM") heat sinks that are pivotal for the thermal
regulation of essential electronics within long-range precision
missiles. This achievement follows a series of successful
evaluations that showcased the efficiency of KULR's solutions in
cooling critical onboard systems. With over two decades of
pioneering work in heat dissipation technologies, KULR has become a
trusted provider for demanding sectors, including defense,
aerospace, and beyond. This latest contract with Lockheed Martin
underscores KULR's role as a source of innovative cooling
solutions.
KULR's PCM heat sinks stand out for their efficient,
lightweight, and durable design, ideal for managing the heat loads
of systems requiring intense, short bursts of power. Such
capabilities are crucial for maintaining the reliability and
performance of sophisticated missile electronics. Lockheed Martin's
selection of KULR for this project reflects confidence in the
company's ability to meet the high standards required for aerospace
and defense applications.
Ted Krupp, KULR’s VP of Sales and Marketing, expressed pride in
this collaboration, stating, "Our partnership with Lockheed Martin
validates our drive for excellence and innovation in managing
high-stakes thermal challenges. Our work is critical for enhancing
the capabilities of precision-guided weaponry." KULR remains at the
forefront of thermal regulation technology, continuously evolving
its solutions to support safer, more efficient electronic and
battery systems across a variety of applications.
According to Straits Research, the global electronic warfare
market size is estimated to reach an expected value of USD 27.79
billion by 2030, registering a CAGR of 5.8% during the forecast
period of 2022 to 2030.
For more information about KULR Technology Group and its
innovative solutions, please visit
http://www.kulrtechnology.com.
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 www.kulrtechnology.com.
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buy any securities of any entity. This release contains certain
forward-looking statements based on our current expectations,
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Forward-looking statements in this release are based on information
available to us as of the date hereof. Our actual results may
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associated with our business, which include the risk factors
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Commission on March 28, 2023, as may be amended or supplemented by
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“intend,” “may,” “should,” and “would” or similar words. All
forecasts are provided by management in this release are based on
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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
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Investor Relations:KULR Technology Group,
Inc.Phone: 858-866-8478 x 847Email: ir@kulrtechnology.com
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