KULR Expands SafeCASE Product Line for Electric Bikes

Company Takes NASA-Proven Battery Safety Solution to Major U.S. Electric Bike Markets Starting with NYC

SAN DIEGO, June 15, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading energy management platform company accelerating the global transition to a sustainable electrification economy, today announced that it has expanded its SafeCASE product line for the consumer e-mobility market. KULR is bringing to the consumer market the same patented technology it provides NASA to protect astronauts on the International Space Station and manned space missions. With over 300 million e-bikes alone in use around the world today and growing at double-digit percentages, the threat of battery related fires is real and growing. When battery fires occur, they can immediately reach temperatures in excess of 1,000 degrees Celsius. They are typically difficult to extinguish even for professional firefighters. In 2022, in New York City alone, rechargeable batteries caused 219 fires, with 147 injuries, 6 deaths and millions of dollars in damages.

KULR’s SafeCASE product can help prevent these fires from presenting a severe threat to human health and safety, not to mention property – including, critical infrastructure, businesses, and residences. The Company is actively engaged in discussions with multi-family HOA’s, lawmakers, community leaders, as well as those that represent urban multi-story buildings to provide unique solutions to meet or exceed current and anticipated regulations.

In addition to being chosen by NASA for its most critical missions, KULR’s patented SafeCASE technology is the only company in the world with a product approved by the United States Department of Transportation, specifically for storage and transport of lithium-ion batteries up to a capacity of 2.5 Kilowatt Hours. That is roughly equivalent to the combined energy capacity of 5 laptop computer batteries. This is the highest capacity approval issued to date.

Nick Petrakis, Senior Consultant of Energy Safety Response Group, the first and only full-service emergency management, fire investigation and hazardous material handling company focused solely on energy storage, affirmed, “We are excited to collaborate with KULR on the SafeCASE design to try and make this cutting-edge solution available to New York City residents, businesses, and organizations. We are working with KULR to ensure the safety of NYC residents and First Responders. Our goal is to set the standard for meeting and where necessary, helping to establish, stringent guidelines set forth by NYC law makers and regulatory authorities. Given its proven effectiveness in the most critical environments, we commend KULR on what we believe to be a significant step towards mitigating the hazards associated with lithium-ion mobility device fires in NYC.”