KULR Technology Group and ParaZero Enter a Working Strategic Partnership for KULR VIBE to Serve Military and Drone Markets
05 Dezembro 2023 - 10:45AM
KULR Technology Group, Inc. (NYSE American: KULR)
(the "Company" or "KULR"), a global leader in sustainable energy
management, and ParaZero Technologies Ltd. (Nasdaq: PRZO)
(“ParaZero”), an aerospace company focused on drone safety systems
for commercial drones and urban air mobility aircraft, today
announced a working partnership to leverage ParaZero's business
network within the defense industry for applying KULR's vibration
reduction technology ("KULR VIBE") on helicopter and rotorcraft
fleets.
By integrating KULR VIBE's software with ParaZero's SafeAir and
SmartAir Trinity solutions for a combined product, the companies
aim to achieve increased drone performance, operational efficiency,
and improve safety to set a new standard for the industry.
The singular focus of this collaboration is safety, ParaZero's
SafeAir system applies real-time data analytics and independent
sensors to identify and mitigate flight risks autonomously and
increase safety for bystanders while protecting the loss of
expensive drones, equipment, and payloads. Likewise, precise
vibrational control is critical for helicopters and high
performance unmanned aerial applications to operate safely and
achieve mission critical success.
KULR VIBE's Technology Incorporates
Artificial Intelligence and On-Aircraft Sensors to Mitigate
Helicopter Vibrations. (Photo: KULR)
KULR VIBE is a track-and-balancing technology employing
artificial-intelligence-driven algorithms to pinpoint and correct
excess vibration in a rotorcraft system. KULR VIBE removes
significant vibrations which is negative energy for helicopters and
drones that reduce flight range and aerial efficiency. In addition
to KULR’s historical helicopter solutions, both companies see
applications for KULR VIBE in eVTOL aircrafts and unmanned aircraft
systems. The KULR VIBE advantage in serving the UAS ("Unmanned
Aerial Systems") market is increased battery time by up to 35% and
increased payload lift by 38%. Additionally, both the laser
guidance and optical systems become more stable to allow for
significantly more precise performance. This is key when working in
close quarter environments to reduce collateral events.
KULR VIBE stops extreme cases of excess vibrations causing
catastrophic damage to drones and helicopters by reducing
mechanical fatigue that leads to system malfunctions, weakened
performance, and maintenance issues that increase downtime,
maintenance cost, and pilot fatigue.
Both companies are leaders in their fields including success
stories in the defense, safety, and commercial sectors.
Just last month ParaZero announced that an Australian commercial
drone operator and training organization, OVRL, secured landmark
authorization from the Civil Aviation Safety Authority (CASA),
using ParaZero’s advanced safety system. This was the first time in
Australia that drones were approved to fly over urban landscapes
and crowds. And in September of this year, ParaZero announced the
U.S. Federal Aviation Administration (FAA) had granted a ParaZero
customer an airworthiness Type Certification, a historic milestone
that will streamline continuous operational approvals for broad
flight operations, including fully autonomous missions, operations
over people, and beyond visual line of sight operations. The
certification verified the compliance of the aircraft's design with
the required FAA airworthiness standards, ensuring safe operations
within the National Airspace System ("NAS"). More recently,
ParaZero unveiled a pioneering AI-driven avionics system, SmartAir
Trinity, setting a new standard for drone safety within the defense
sector. This advanced technology offers real-time malfunction
detection and critical mission analytics, ensuring a robust
solution to support operational security for defense drones.
KULR VIBE has a long history of success serving the United
States Department of Defense ("DoD"), recently identifying and
remedying vibration problems on two Bell AH-1Z Viper attack
helicopters and one Bell Boeing Osprey V-22 tiltrotor aircraft at
Marine Corps Base Camp Pendleton in Southern California. In other
related projects, KULR VIBE reduced vibration by 95% for USAF H-60
helicopters and reduced track and balanced maintenance tasks by 70%
all while increasing efficiency and fleet readiness.
About KULR Technology Group Inc.KULR Technology
Group Inc. (NYSE American: KULR) is a leading energy management
platform company offering proven solutions that play a critical
role in accelerating the electrification of the circular economy.
Leveraging a foundation in developing, manufacturing, and licensing
next-generation carbon fiber thermal management technologies for
batteries and electronic systems, KULR has evolved its holistic
suite of products and services to enable its customers across
disciplines to operate with efficiency and sustainability in mind.
For more information, please visit www.kulrtechnology.com.
Safe Harbor Statement This press release
does not constitute an offer to sell or a solicitation of offers to
buy any securities of any entity. This release contains certain
forward-looking statements based on our current expectations,
forecasts and assumptions that involve risks and uncertainties.
Forward-looking statements in this release are based on information
available to us as of the date hereof. Our actual results may
differ materially from those stated or implied in such
forward-looking statements, due to risks and uncertainties
associated with our business, which include the risk factors
disclosed in our Form 10-K filed with the Securities and Exchange
Commission on March 28, 2023. Forward-looking statements include
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forward-looking words such as “anticipate,” “believe,” “could,”
“estimate,” “expect,” “intend,” “may,” “should,” and “would” or
similar words. All forecasts are provided by management in this
release are based on information available at this time and
management expects that internal projections and expectations may
change over time. In addition, the forecasts are entirely on
management’s best estimate of our future financial performance
given our current contracts, current backlog of opportunities and
conversations with new and existing customers about our products
and services. We assume no obligation to update the information
included in this press release, whether as a result of new
information, future events or otherwise.
Investor Relations:KULR Technology Group,
Inc.Phone: 858-866-8478 x 847Email: ir@kulrtechnology.com
Media Relations:Further PREmail:
press@furtherpr.com
A photo accompanying this announcement is available
at:https://www.globenewswire.com/NewsRoom/AttachmentNg/b2207fc9-0795-4811-af63-ae4e010d9365
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