SAN DIEGO, Sept. 14, 2021 (GLOBE NEWSWIRE) — KULR Technology Group, Inc. (NYSE American: KULR) (the “Firm” or “KULR”), a number one developer of next-generation lithium-ion battery security and thermal administration applied sciences, as we speak introduced that it’s going to present its KULR-Tech Secure Case to lithium-ion battery recycler Heritage Battery Recycling (“HBR”), a brand new platform firm of The Heritage Group, for the protected transportation logistics of HBR’s battery assortment operations throughout North America.
HBR, by way of its sister firms, maintains entry to over 100,000 buyer areas, 2,500 staff, and a fleet of over 1,300 energy models and 108 facility areas throughout North America.
Based mostly upon profitable house designed options for NASA that have been deployed on the Worldwide Area Station for safely storing laptop lithium-ion batteries, the KULR-Tech Secure Case is without doubt one of the Firm’s not too long ago main product strains coming into into industrial markets. By means of their patented, NASA-proven Thermal Runaway Defend expertise, KULR is the one firm on the planet with a product authorised by the US Division of Transportation for storage and transport of lithium-ion batteries that may handle as much as a capability of two.1 kWh for recycled, prototype and DDR (broken, faulty and recall) batteries. The KULR-Tech Secure Case can also be designed to be reusable – making a greener and more healthy surroundings for ourselves and for future generations.
The market dimension for lithium-ion batteries is forecasted to exceed $116 billion by 2030 with a projected CAGR of 12.3% from 2021 to 2030, according to a 2021 report by Analysis and Markets. Rising adoption of electrical automobiles together with declining costs of lithium-ion batteries — coupled with authorities initiatives to advertise sustainable vitality utilization, will drive the lithium-ion battery market dimension.
About KULR Know-how Group Inc.
KULR Know-how Group Inc. (NYSE American: 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 house missions and backed by a powerful mental property portfolio, KULR permits main aerospace, electronics, vitality storage, 5G infrastructure, and electrical automobile producers to make their merchandise cooler, lighter and safer for the patron. For extra data, please go to www.KULRTechnology.com.
About Heritage Battery Recycling
Heritage Battery Recycling, LLC is a privately held, family-owned enterprise headquartered in Indianapolis. Leveraging over 50 years of organizational expertise in environmental administration amongst its associates and collaborators, Heritage Battery Recycling, LLC was formally launched in 2020 as a brand new sustainability platform of The Heritage Group. The corporate supplies a full-service battery administration providing to producers, customers, and repair suppliers within the battery trade. To be taught extra about Heritage Battery Recycling, please go to www.SolvedByHBR.com.
Secure Harbor Assertion
This launch doesn’t represent a proposal to promote or a solicitation of provides to purchase any securities of any entity. This launch accommodates 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 could differ materially from these acknowledged or implied in such forward-looking statements, as a consequence of dangers and uncertainties related to our enterprise, which embrace the danger components disclosed in our Kind 10-Okay filed with the Securities and Alternate Fee on March 19, 2021. Ahead-looking statements embrace statements relating to our expectations, beliefs, intentions, or methods relating to the longer term and will be recognized by forward-looking phrases equivalent to “anticipate,” “consider,” “might,” “estimate,” “anticipate,” “intend,” “could,” “ought to,” and “would” or related phrases. All forecasts are offered by administration on this launch are based mostly on data accessible right now and administration expects that inner projections and expectations could change over time. As well as, the forecasts are totally on administration’s finest estimate of our future monetary efficiency given our present contracts, present backlog of alternatives and conversations with new and current prospects about our services and products. We assume no obligation to replace the data included on this press launch, whether or not on account of new data, future occasions or in any other case.
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