KULR becomes official thermal management and battery safety technical partner for Andretti Technologies
SAN DIEGO, March 17, 2021 (GLOBE NEWSWIRE) — KULR
Technology Group Inc. (OTCQB: KULR) (the “Company” or “KULR”), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, today announces a
long-term technology and developmental partnership with Andretti Technologies (ATEC), the advanced technology arm of Andretti
Autosport, founded by Michael Andretti. As part of the alliance, KULR will establish a thermal management testing and design platform for high performance battery solutions with the highest
safety ratings specially adapted to the rigorous technical requirements of Andretti’s global racing enterprise. Both partners will also focus on co-developing and co-marketing motorsports’ battery
and safety technologies to automotive partners for mass market EV applications.
The aim of the KULR and Andretti Technologies partnership is a transfer of technical knowledge from aerospace to the racetrack through ATEC affiliated programs. Drawing upon KULR’s technical
expertise building lightweight, high-performance thermal management solutions for space exploration, including the NICER instrument on the International Space Station, the Mercury Messenger and the
SHERLOC instrument on the Mars Rover, ATEC plans to implement new cooling technology, battery cell architecture and testing methodologies for its high performance and high power applications within
the global EV motorsports marketplace.