Regulatory Agencies and International Organizations are Increasingly Concerned with the Prevention of Battery Fires in Transit
SAN DIEGO, Dec. 13, 2021 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, announced today it will host the Society of Aerospace Engineers (“SAE”) G-27, a Lithium Battery Packaging standard committee, in San Diego, CA, during the second half of 2022.
“Safe transportation of lithium-ion batteries on aircrafts is fundamental to accelerating the adoption of sustainable energy sources across industries,” commented Michael Mo, CEO and Co-Founder of KULR Technology Group. “It’s always been an important part of our strategy to work with regulators around the world to incorporate battery safety technologies into regulatory roadmap discussions. Successfully securing the US DoT special permits were the result of our work with US Department of Transportation and PHMSA. KULR is committed to continued innovation and support international battery safety standards, and we look forward to hosting the SAE G-27 Conference in 2022.”
SAE G-27 is a technical committee within SAE’s General Projects Systems Group responsible for the development and maintenance of minimum performance package standards that support the safe shipment of lithium batteries as cargo on aircraft. The committee works in conjunction with related bodies such as the International Civil Aviation Organization (ICAO), International Air Transport Association (IATA), International Federation of Airline Pilots Association (IFALPA), International Coordination Council for Aerospace Industry Association (ICCAIA), European Association for Advanced Rechargeable Batteries (RECHARGE), Rechargeable Battery Association (PRBA), Battery Association of Japan (BAJ), defense agencies, and regulatory authorities.
KULR is hosting the meeting in the interest of promoting the safe transport of lithium batteries aboard aircrafts and to mitigate the risks of thermal events and fires in air transportation. The Company’s goal is to provide total battery safety solutions that increase the efficiency of battery systems and improve sustainability, as well as provide end-of-life battery management, the packaging, storage, and transportation of lithium-ion batteries.
About SAE
SAE International is a global association of more than 128,000 engineers and related technical experts in the aerospace, automotive and commercial-vehicle industries. Our core competencies are life-long learning and voluntary consensus standards development.
www.sae.org
About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) 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.
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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 with the Securities and Exchange Commission on March 19, 2021. 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.
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