KULR Technology Group, Inc.

11:55 AM EST - KULR Technology Group, Inc. : Announced today that the United States Patent and Trademark Office has awarded it a patent on its Thermal Runaway Shield (TRS) – a passive propagation resistant solution designed and successfully tested to reduce the hazardous risks associated with thermal runaway in lithium-ion battery packs. This is the second patent the Company has been granted on its TRS technology. “Securing this patent is a substantial leap forward in our research and development of products that make batteries safer,” said Dr. Timothy Knowles, co-founder and Chief Technology Officer of KULR. “We are very pleased with the development of our patent portfolio. This new issuance expands the breadth and depth of our battery safety technology covering catastrophic battery failures.” KULR Technology Group, Inc. shares O.KULR are trading down 3 cents at $1.17.

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