KULR’s High-Performance Thermal Management Solutions to Aid in Air-to-Air Missile Program Beginning Q4 2022

KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion (“Li-ion”) battery safety and thermal management technologies, today announced it has received an initial deployment order totaling over $500,000 from a leading Department of Defense (DoD) contractor, with future considerations up to the multi-million-dollar amount over the next year. KULR’s technology will be utilized by the American manufacturer of spacecraft components and instruments for national defense, civil space and commercial space applications to support its Air-to-Air Missile shipping program. This initial deployment order is for immediate delivery with the potential for a multi-million-dollar deployment order to run through 2023.  

“We are proud to continue our support with partners in the defense industry, providing some of the most innovative and high-performance thermal management solutions to advance key new deployments,” said Michael Mo, Co-Founder and CEO of KULR Technology Group. “Aerospace and defense have long been and continue to be a cornerstone market for KULR. As we deepen our relationships in this important space, we look forward to providing transformative technology and expanded product offerings to a growing client base.”

Today’s announcement builds upon KULR’s established history of successful partnerships with prime DoD contractors and underscores the Company’s continued commitment, presence and growth within the aerospace and defense marketplace.

About KULR Technology Group Inc.  
KULR Technology Group Inc. (NYSE American: KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company’s roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.kulrtechnology.com. 
 
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Investor Relations: 
Tom Colton or John Yi  
Gateway Group 
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Media Relations: 
Robert Collins / Zach Kadletz / Anna Rutter  
Gateway Group 
Main: (949) 574-3860  
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