KULR Technology Joins NAATBatt, the Premiere Trade Association for Advanced Battery Technology

SAN DIEGO, Sept. 14, 2022 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion (“Li-ion”) battery safety and thermal management technologies, today announced it has joined NAATBatt International (NAATBatt), the premiere trade association of developers, manufacturers, suppliers and users of battery technology in North America. As a platinum member, KULR will regularly participate in board meetings, allowing the company to connect with top policy makers in the space, discuss and develop cutting-edge technological advancements and remain at the forefront of battery technology.

“KULR is at an inflection point as we position our thermal safety solutions platform to become further entrenched in the marketplace, ultimately providing us with an opportunity to optimize logistics as we continue investing in the localization of our production and supply chain to North America,” said Michael Mo, Co-Founder and CEO of KULR Technology Group. “Becoming a member of NAATBatt allows us to further that mission. We’ll learn and participate in the development of innovative solutions for the advancement of battery technologies, become better positioned to meet market needs and benefit from local policy support.”

Jim Greenberger, Executive Director of NAATBatt International, said: “NAATBatt is delighted to welcome KULR Technology Group as NAATBatt’s newest Platinum level member and KULR’s CEO, Michael Mo, to NAATBatt’s board of directors. Under Michael’s leadership, KULR has been working on the critically important issue of thermal management in advanced battery systems. New innovations in thermal management, which affect both the safety and performance of batteries, are likely to become an important differentiator in the ongoing competition to build better, safer and cheaper advanced batteries. I am looking forward to having Michael’s expertise available to our board.”

The Company’s new membership in NAATBatt follows KULR's July 2022 announcement that it is procuring 75MWh of lithium-ion battery cell capacity from Taiwan Cement Corporation’s subsidiary E-One Moli Energy Corporation (“Molicel”), which it will use to build battery applications. The engagement with Molicel, known as the first manufacturer of Li-ion cells in North America, and the expanded network from NAATBatt signal KULR’s prioritized efforts to position itself as a centerpiece of North America supply chains.