KULR Receives Three-Year Multi-Million Dollar Battery Safety Deployment Order from Volta Energy Products
SAN DIEGO and BUFFALO, N.Y., Dec. 15, 2021 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, today announced receipt of a three-year multi-million dollar deployment order for its Passive Propagation Resistant (“PPR”) solution suite from Volta Energy Products (“Volta”), a subsidiary of Viridi Parente, Inc. (“Viridi”). The PPR solution will be used for Volta’s stationary and certain mobile lithium-ion battery power systems.
- SAN DIEGO and BUFFALO, N.Y., Dec. 15, 2021 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, today announced receipt of a three-year multi-million dollar deployment order for its Passive Propagation Resistant (PPR) solution suite from Volta Energy Products (Volta), a subsidiary of Viridi Parente, Inc. (Viridi).
- After more than 18 months of joint design and testing efforts , KULRs PPR solution will support Voltas commercialization of proprietary battery architecture for energy storage systems.
- This order represents KULRs first PPR order of commercial deployment in a stationary energy storage product.
- We also plan to incorporate KULRs technology into other Volta stationary and certain mobile storage systems in order to capitalize on the added safety it will provide our customers.