Issuance of United States Patent Number 10734302 Further Bolsters Intellectual Patent Portfolio
SAN DIEGO, CA / ACCESSWIRE / August 5, 2020 / KULR Technology Group, Inc. (OTCQB:KULR), (the "Company" or "KULR"), announced today that the United States Patent and Trademark Office has awarded it a patent on its Fiber Thermal Interface (FTI) - a highly flexible and compressible high performance thermally conductive carbon fiber material developed for a variety of different applications, including the space, automotive and electronics industries, as well as for industrial applications.
The Company's FTI technology is a carbon fiber solution that is part of KULR's space-proven thermal architecture, offering superior thermal conductivity, ultra-lightweight and flexible mechanical properties designed for space exploration and applications where efficient cooling and size and weight restrictions are paramount. Variations of KULR's FTI technology have been used by NASA on multiple missions including the recent Mars Perseverance Rover mission launched on July 30th. More recently, Silicon Valley based EV manufacturer, Drako Motors, announced it will utilize KULR's proprietary FTI as part of the thermal management system in the Drako GTE, a quad motor 1,200 horsepower, 206 mph luxury electric supercar.
"This patent issuance continues to advance our research and development of products helping battery packs run more efficiently," said Dr. Timothy Knowles, co-founder and Chief Technology Officer of KULR. "We are very pleased with the development of our growing patent portfolio. This new issuance expands the breadth and depth of our cost-effective cooling solutions."
In a detailed analyst report by Litchfield Hills Research last month, which report should be read in its entirety, the firm estimated that KULR's technologies have an addressable market of $8 billion. The analyst further expounds: "KULR's high performance thermal interface materials can be used to accelerate 5G communications development due to its material's core properties: high thermal conductivity, light weight, and low contact pressure. 5G is one of the biggest opportunities going forward for transportation technology."
The patent, issued as #10734302, was awarded on August 4th, 2020.
About KULR Technology Group, Inc.
KULR Technology Group, Inc. 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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SOURCE: KULR Technology Group, Inc.