KULR Technology Group, Inc.

11:36 AM EST - KULR Technology Group, Inc. : Announced it has entered into a legally binding MOU with a leading global electronics component and battery manufacturer, which is a leading supplier of a key electrical component in smartphones such as the Apple iPhone, to pursue business relationships building Internal Short Circuit (ISC) battery testing technology and for KULR to license its passive propagation resistant Thermal Runaway Shield (TRS) technology to the Partner in a commercial phase. "We are proud to work with a leading innovator, whose technology is trusted by globally recognized brands. Through this partnership, we will share our breakthrough ISC and TRS technologies to make our Partner's batteries safer and more efficient for both commercial and consumer application," said Michael Mo, CEO of KULR. "Our Partner's reputation in the world of rechargeable batteries is unparalleled, and we look forward to advance its research into battery reliability and safety." KULR Technology Group, Inc. shares O.KULR are trading up 3 cents at $1.37.

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