KULR Technology Group, Inc. announced the execution of the exclusive worldwide license agreement for NASA's large format Fractional Thermal Runaway Calorimeter ("FTRC"). The small format FTRC is NASA's 2023 Invention of the Year, a technology vitally important in analyzing lithium-ion cell thermal runaway characterization and which was co-invented by NASA alumnus and KULR's Chief Technology Officer, Dr. William Walker. FTRC testing is a critical testing protocol in order for battery pack manufacturers and their OEM customers to deliver their customers the safest, high-capacity batteries.

Without conducting these complex testing protocols, battery pack manufacturers and OEMs are not able to get as complete a picture as to how safe their batteries are. KULR is now the only entity in the world providing comprehensive fractional thermal runaway calorimetry testing services for every cell type, regardless of capacity or format. This breakthrough win firmly establishes KULR as the de facto industry standard battery testing and design services provider in the world to the largest OEM customers across all industries.

Sole access to this all-important thermal runaway data decisively positions KULR as a crucial strategic partner for OEM customers requiring state-of-the-art battery safety design, testing, storage, and recycling throughout any part or all of the battery?s life cycle. According to Straits Research, the global battery testing equipment market was valued at USD 11.2 billion in 2021 and is anticipated to reach USD 16.5 billion by 2030. With an exclusive license to NASA?s entire FTRC technology suite, KULR is already serving: A top global automaker for next generation EV battery safety and testing solutions; One of the world?s largest private space exploration companies for enhanced battery safety solutions; A top-5 American electric truck manufacturer to design and develop safer next-gen batteries; A top-5 global manufacturer in the electric vertical take-off and landing sector for safe battery testing solutions Testing lithium-ion cells in battery packs designed for the Artemis Space Program; And many other customers across all battery chemistries including silicon anode, solid state, nickel manganese cobalt (NMC), and lithium iron phosphate (LFP).