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KULR Technology Awarded Key Defense Contract for Leading Missile Program

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KULR Technology Group has secured a significant contract to develop a specialized Phase-Change Material (PCM) heat sink for a major missile program. The custom PCM heat sink is designed to manage extreme thermal loads during mission-critical maneuvers, maintaining optimal performance of missile electronics systems. The solution will provide precise thermal regulation by absorbing and dissipating heat in a controlled manner. While specific program details remain undisclosed, this contract reinforces KULR's position in mission-critical defense applications with multi-decade production potential.

KULR Technology Group ha ottenuto un contratto significativo per sviluppare un dissipatore di calore specializzato in Materiale a Cambio Fase (PCM) per un importante programma missilistico. Il dissipatore di calore in PCM personalizzato è progettato per gestire carichi termici estremi durante manovre critiche per la missione, mantenendo prestazioni ottimali dei sistemi elettronici missilistici. La soluzione fornirà una regolazione termica precisa assorbendo e dissipando il calore in modo controllato. Sebbene i dettagli specifici del programma rimangano riservati, questo contratto rafforza la posizione di KULR nelle applicazioni di difesa critiche per la missione, con un potenziale di produzione che si estende su decenni.

KULR Technology Group ha asegurado un contrato significativo para desarrollar un disipador de calor especializado en Material de Cambio de Fase (PCM) para un importante programa de misiles. El disipador de calor de PCM personalizado está diseñado para gestionar cargas térmicas extremas durante maniobras críticas, manteniendo un rendimiento óptimo de los sistemas electrónicos de misiles. La solución ofrecerá una regulación térmica precisa al absorber y diseminar el calor de manera controlada. Aunque los detalles específicos del programa no se han revelado, este contrato refuerza la posición de KULR en aplicaciones de defensa críticas para la misión, con un potencial de producción que abarca varias décadas.

KULR 테크놀로지 그룹은 주요 미사일 프로그램을 위한 특수한 상변화 물질(PCM) 열 싱크 개발을 위한 중요한 계약을 체결했습니다. 맞춤형 PCM 열 싱크는 임무에 중요한 기동 중 극한의 열 부하를 관리하도록 설계되어 미사일 전자 시스템의 최적 성능을 유지합니다. 이 솔루션은 열을 통제된 방식으로 흡수하고 방출하여 정밀한 열 조절을 제공합니다. 특정 프로그램 세부 사항은 공개되지 않았지만, 이 계약은 다년간의 생산 잠재력을 가진 KULR의 임무 중시 방어 응용 분야에서의 입지를 강화합니다.

KULR Technology Group a obtenu un contrat important pour développer un dissipateur de chaleur spécialisé en Matériau à Changement de Phase (PCM) pour un programme de missile majeur. Le dissipateur de chaleur en PCM sur mesure est conçu pour gérer des charges thermiques extrêmes lors de manœuvres critiques pour la mission, maintenant ainsi des performances optimales des systèmes électroniques des missiles. La solution offrira une régulation thermique précise en absorbant et en dissipant la chaleur de manière contrôlée. Bien que les détails spécifiques du programme restent non divulgués, ce contrat renforce la position de KULR dans les applications de défense critiques pour la mission, avec un potentiel de production s'étalant sur plusieurs décennies.

KULR Technology Group hat einen bedeutenden Vertrag zur Entwicklung eines spezialisierten Phasenwechselmaterial (PCM) Kühlkörpers für ein wichtiges Rüstungsprogramm gesichert. Der maßgeschneiderte PCM-Kühlkörper ist darauf ausgelegt, extreme thermische Lasten während mission-kritischer Manöver zu bewältigen und die optimale Leistung der elektronischen Systeme von Raketen aufrechtzuerhalten. Die Lösung wird eine präzise thermische Regelung bieten, indem sie Wärme kontrolliert absorbiert und abführt. Obwohl die spezifischen Programmdetails vertraulich bleiben, stärkt dieser Vertrag KULRs Position in kritischen Verteidigungsanwendungen mit einem Potenzial für eine mehrjährige Produktion.

Positive
  • Secured new defense contract for missile program with potential multi-decade production runs
  • Expands presence in high-value defense sector
  • Leverages existing PCM technology expertise for new revenue stream
Negative
  • Contract value and financial terms not disclosed
  • Customer details and specific program information remain confidential

Insights

The contract win for a missile program PCM heat sink represents a significant strategic advancement for KULR. While the contract value remains undisclosed, the mention of "multi-decade production runs" suggests substantial long-term revenue potential. PCM heat sinks are critical components in missile systems, where thermal management directly impacts mission success and system reliability.

The defense sector's high barriers to entry and stringent qualification requirements make such contract wins particularly valuable. Once qualified as a supplier, companies typically maintain these relationships for extended periods. This positions KULR for potential follow-on orders and expanded opportunities within the defense sector.

However, investors should note that defense contracts often have long development cycles and can be subject to budget constraints or program changes. The lack of specific financial details and customer information limits immediate assessment of revenue impact.

HOUSTON, Nov. 14, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a provider of advanced thermal management solutions, today announced it has been awarded a pivotal contract for the development of a specialized Phase-Change Material (PCM) heat sink for a major missile program. This custom PCM heat sink is designed to manage extreme thermal loads generated during mission-critical maneuvers, helping maintain optimal performance and reliability within the missile’s electronics systems. While specific program and customer details could not be disclosed, this award further solidifies KULR’s role as a trusted partner for mission-critical defense applications with multi-decade production runs.

Under the contract, KULR will design and produce a PCM-based heat sink that provides precise thermal regulation by absorbing and dissipating heat in a controlled manner, ensuring that essential components remain within safe operating temperatures. This advanced solution highlights KULR’s commitment to delivering high-performance thermal management technologies tailored for defense needs. The contract leverages KULR’s extensive experience with phase-change material technology, which has been effectively deployed in aerospace and defense applications to regulate heat under intense operational conditions.

“We are honored to support this critical defense program with our PCM heat sink technology,” said Ted Krupp, Vice President of Sales and Marketing at KULR Technology Group. “This award underscores our engineering expertise, and the unmatched performance our thermal management solutions bring to mission-critical applications.”

KULR’s PCM technology has consistently proven its effectiveness in high-performance environments, serving as a reliable solution for managing thermal loads in defense and space initiatives. This contract aligns with KULR’s growth strategy in defense applications, establishing the company’s leadership in advanced thermal management solutions.

For more information on KULR’s advanced thermal management technologies, please visit www.kulrtechnology.com.

About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) delivers cutting edge energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. The Company’s holistic offering allows delivery of commercial-off-the-shelf and custom next generation energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. For more information, please visit www.kulrtechnology.com.

Safe Harbor Statement   
This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such 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 April 12, 2024, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding 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 are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.  

Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulrtechnology.com


FAQ

What is the new defense contract awarded to KULR Technology?

KULR Technology has been awarded a contract to develop a specialized Phase-Change Material (PCM) heat sink for a major missile program, designed to manage extreme thermal loads during mission-critical maneuvers.

How will KULR's PCM heat sink technology benefit the missile program?

The PCM heat sink will provide precise thermal regulation by absorbing and dissipating heat in a controlled manner, ensuring essential components maintain safe operating temperatures during mission-critical operations.

What is the duration of KULR's new defense contract?

While specific details are not disclosed, the contract is described as having multi-decade production run potential.

KULR Technology Group, Inc.

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