Xia Zuoquan, Co-Founder of Chinese Electric Vehicle and Battery Maker BYD, Joins KULR Technologys Advisory Board

KULR
Technology Corp (KULR), a market and technology leader in battery
safety and thermal management, today announced that Mr. Xia Zuoquan,
co-founder of BYD
Co. Ltd., which makes batteries and electric vehicles, has joined
KULR’s Board
of Advisors.

KULR’s proprietary carbon fiber thermal management solutions were
developed in coordination with NASA and are lighter, more flexible,
safer and more effective than other commercially available thermal
products. KULR’s Thermal Runaway Shield (TRS)
has been shown in NASA testing to stop thermal runaway propagation which
can cause fires and explosions in lithium-ion battery packs. In addition
to its battery applications, KULR’s products and designs have broad and
diverse applications in a range of growing industries, including
electric vehicles.

BYD is among the largest rechargeable battery makers in the world and
the largest in China. Its largest equity holder is Berkshire Hathaway. A
BYD subsidiary, BYD Auto, makes automobiles, buses, forklifts and trucks
and, in 2016, was the world’s top selling plug-in electric car
manufacturer with more than 100,000 units delivered. BYD Auto has a
joint venture with Daimler AG to build electric cars and recently announced
plans to build the largest battery production facility in the world.

“Mr. Xia had been an early investor of KULR,” said KULR co-founder and
CEO, Michael Mo. “Our company and technology will greatly benefit by his
wealth of knowledge, experience, and relationships in the electronics
and battery industry in China, as he becomes more actively involved with
us.”

In addition to his leadership position with BYD, Xia founded Zhengxuan
Capital in 2004, an investment firm with over 10 billion RMD ($1.5
billion USD) in assets under management. He was named to the 2018 Forbes
China Rich List, with an estimated net worth $1.1 billion USD. Among
more than 30 investments under Zhengxuan Capital, Xia is a Director and
early investor in robotics company UBTech,
which is the world’s most valuable consumer robotics company at $5
billion valuation.

“I have always believed in KULR’s technology to solve challenging
thermal problems,” said Xia. “What KULR is doing with batteries,
vehicles, and other markets is really important and I look forward to
contributing to their growth.”

KULR recently executed an exclusive
agreement with NASA and the National Renewable Energy Lab (NREL) to
commercialize the internal short circuit device (ISC). The ISC, creates
predictable lithium-ion cell failures in lab conditions where those
failures can be studied and safety technology can be developed and
tested. ISC failure testing is the NASA standard for battery safety for
crewed space flight.

About KULR Technology Corporation

KULR Technology Corporation is a wholly-owned subsidiary of KT High-Tech
Marketing, Inc. (OTC: KUTG). Founded by some of the foremost experts in
aerospace thermal management, KULR Technology is joined by industry
veterans in semiconductor and industrial manufacturing. The publicly
traded company’s investors and advisors include industry leaders from
US, Japan, and China in the field of electrical vehicles, energy
storage, communications, and semiconductors. KULR’s proprietary carbon
fiber-based solutions are lighter, higher performance and more compliant
than traditional solutions. Some applications of the company’s carbon
fiber material include space exploration, electric vehicles, cameras and
laser displays, robotics, servers and data systems, power storage and
consumer electronics. http://www.kulrtechnology.com/home

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