SAN DIEGO, Might 25, 2021 (GLOBE NEWSWIRE) — KULR Technology Group, Inc. (OTCQB: KULR) (the “Firm” or “KULR”), a number one developer of next-generation lithium-ion battery security and thermal administration applied sciences, right this moment introduced it’s going to function a sponsor of Marco Andretti within the one hundred and fifth Working of the Indianapolis 500 this Sunday, Might 30, 2021. Piloted by Marco Andretti, the No. 98 Honda represents a partnership between Andretti Herta-Haupert Autosport with Marco Andretti and Curb-Agajanian. As a company sponsor, the KULR brand will likely be featured on the aspect tire ramp of the race automotive.
KULR Know-how Group Inc. develops, manufactures and licenses next-generation carbon fiber thermal administration applied sciences for batteries and digital programs. Earlier this 12 months KULR turned the official thermal administration and battery security technical accomplice for Andretti Applied sciences, the superior expertise arm of racing enterprise Andretti Autosport. The alliance establishes a thermal administration testing and design platform for high-performance battery options with the very best security scores tailored to the technical necessities of Andretti’s racing enterprise.
“Excited to have KULR develop to our INDYCAR household for this 12 months’s Indy 500,” mentioned Marissa Andretti, Vice President, Andretti Autosport. “We already collaborate collectively on different motorsports initiatives, and we’re each large proponents of highlighting technical excellence, racing security, and group constructing. I am excited to see what we are able to accomplish collectively – each on and off the observe.”
“The Andretti title represents the head of racing achievement within the NTT INDYCAR SERIES,” mentioned Michael Mo, CEO, KULR Know-how Group. “KULR is honored to be related to the heritage and legacy Andretti Autosport maintains on the earth of high-performance racing.”
In April 2021, KULR turned official thermal administration and battery security supplier for Andretti United Excessive E, the mix of U.S.-based Andretti Autosport and England’s United Autosports, for Excessive E, the brand new all-electric off-road world racing collection.
About KULR Know-how Group, Inc.
KULR Know-how Group, Inc. (OTCQB: KULR) develops, manufactures and licenses next-generation carbon fiber thermal administration applied sciences for batteries and digital programs. Leveraging the corporate’s roots in growing breakthrough cooling options for NASA area missions and backed by a robust mental property portfolio, KULR permits main aerospace, electronics, vitality storage, 5G infrastructure, and electrical car producers to make their merchandise cooler, lighter and safer for the patron. For extra data, please go to www.kulrtechnology.com.
About Andretti Autosport
Andretti Autosport, led by racing legend Michael Andretti, boasts a large racing portfolio rooted in custom and designed for achievement.
Underneath the banners of Andretti Autosport and BMW i Andretti Motorsport, the Indianapolis-based group fields a number of entries throughout the INDYCAR SERIES, Indy Lights, the FIA Formulation E Championship and the IMSA WeatherTech Sportscar Championship LMP3 division. The group additionally competes as Walkinshaw Andretti United within the Australian Supercars class via partnership with Walkinshaw Racing and United Autosports and moreover is about to area an entry within the new Excessive E championship by way of Andretti United Excessive E.
The worldwide racing enterprise boasts 4 INDYCAR SERIES championships, 4 Indy Gentle titles, one Professional Mazda championship, a Silver Class GT4 Championship and has captured victory 5 instances on the famed Indianapolis 500. The group additionally holds two X Video games Gold Medals and 5 U.S. rallycross championships.
Protected Harbor Assertion
This launch doesn’t represent a proposal to promote or a solicitation of presents to purchase any securities of any entity. This launch comprises sure forward-looking statements based mostly on our present expectations, forecasts and assumptions that contain dangers and uncertainties. Ahead-looking statements on this launch are based mostly on data accessible to us as of the date hereof. Our precise outcomes might differ materially from these said or implied in such forward-looking statements, as a consequence of dangers and uncertainties related to our enterprise, which embrace the chance elements disclosed in our Kind 10-Ok filed with the Securities and Alternate Fee on March 19, 2021. Ahead-looking statements embrace statements concerning our expectations, beliefs, intentions, or methods concerning the longer term and might be recognized by forward-looking phrases corresponding to “anticipate,” “imagine,” “might,” “estimate,” “count on,” “intend,” “might,” “ought to,” and “would” or related phrases. All forecasts are offered by administration on this launch are based mostly on data accessible at the moment and administration expects that inner projections and expectations might change over time. As well as, the forecasts are fully on administration’s finest estimate of our future monetary efficiency given our present contracts, present backlog of alternatives and conversations with new and current clients about our services. We assume no obligation to replace the knowledge included on this press launch, whether or not because of new data, future occasions or in any other case.
Head, Media Relations
Predominant: (786) 499-8998
KULR Know-how Group, Inc.
Predominant: (888) 367-5559