Technology partners

KULR Technology partners with Gamma Technologies

  • KULR to Integrate Gamma Technologies’ GT-SUITE Multi-Scale Multi-Physics Simulation Platform into the Company’s Holistic Suite of Products and Services
  • Improvement enables KULR engineering team to create next-generation battery designs for eVTOL and EV markets

SAN DIEGO, Oct. 27, 2022 (GLOBE NEWSWIRE) — KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a leading energy management platform accelerating the electrification of the circular economy, today announced a strategic partnership with gamma technologiesworld leader and innovator in the field of simulation software for multiphysics systems.

Thanks to this partnership, KULR will integrate Gamma Technologies GT-SUITE multi-scale, multi-physics analysis platform in the company’s robust and holistic suite of products and services. GT-SUITE’s simulation capabilities enable engineering teams to create highly optimized, next-generation battery designs and in doing so, enable KULR to ensure its customers have access to state-of-the-art solutions.

“Analysis has always been the backbone of design improvement,” said KULR Engineering Manager Dr. William Walker. “However, moving away from single physical models and into the realm of multi-physical models offers endless possibilities when it comes to improving product design and improving product performance. KULR is excited to expand its capabilities with Gamma Technologies’ state-of-the-art simulation platform.”

“We are excited to work with industry leader in battery safety, KULR, as we focus on the critical needs of the eVTOL industry,” said Chris Walsh, CRO of Gamma Technologies. “Modern rotorcraft designs have an extremely thermally demanding mission profile that includes energy-intensive flight segments for which in-depth analysis early in the design process is required.”

KULR will use GT’s electrochemical simulation solution, GT-AutoLion3D, on the GT-SUITE platform. The integrated solution will be used to provide aging and cycle models at the cell and pack level.

KULR recently participated in the GT 2022 Technical Conference, where Dr. Walker gave a keynote lecture titled “Test and Analysis Driven Approach to Designing Safe and Reliable Battery Systems”.

About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) is a leading energy management platform delivering proven solutions that play a critical role in accelerating the electrification of the circular economy. Building on a foundation in the development, manufacturing and licensing of next-generation carbon fiber thermal management technologies for batteries and electronic systems, KULR has evolved its holistic suite of products and services to enabling its customers of all disciplines to operate with efficiency and sustainability in mind. For more information, please visit https://www.kulrtechnology.com/.

About Gamma Technologies Inc.
GT develops and licenses GT-SUITE, a leading multi-physics CAE simulation software. GT-SUITE includes a comprehensive library of physics-based modeling models covering fluid flow, thermal systems, mechanics, electricity, magnetism, chemistry, and controls. It supports the entire development cycle, from concept to validation. GT-SUITE applications include a wide variety of engineering systems such as conventional and hybrid vehicles, powertrains, engines, compressors, catalysts, acoustics, cooling, thermal management, HVAC, l hydraulics, lubrication, multi-body mechanics and much more.

GT also develops GT-AutoLion, the leading lithium-ion battery simulation software used by battery suppliers and OEMs for 1D and 3D battery analysis and design. It is a predictive, physics-based simulation tool that models electrochemical processes in batteries. The integration of GT-AutoLion and GT-PowerForge into GT-SUITE further enhances this leading platform for comprehensive xEV analysis. Additional information is available at www.gtisoft.com.

Safe Harbor Statement
This press release does not constitute an offer to sell or a solicitation of offers to buy securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. The forward-looking statements contained in this press release are based on information available to us as of the date hereof. Our actual results may differ materially from those indicated or implied by these 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 28. , 2022. Forward-looking statements include statements about 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 provided by management in this release are based on information available at the time and management expects that internal projections and expectations may change over time. Additionally, the forecast is entirely based on management’s best estimate of our future financial performance given our current contracts, current pipeline of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information contained in this press release, whether as a result of new information, future events or otherwise.

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