KULR Technology Group Inc (OTCQB:KULR) has said it will serve as a sponsor of IndyCar star Marco Andretti in the 105th annual Indianapolis 500 on Sunday.
Andretti’s #98 Honda car represents a partnership between Andretti Herta-Haupert Autosport and the Curb-Agajanian motorsports team. As a corporate sponsor, the KULR logo will be featured on the side tire ramp of the race car, the company said.
“[We are] excited to have KULR expand to our INDYCAR family for this year’s Indy 500,” Andretti Autosport VP Marissa Andretti said in a statement. "We already collaborate together on other motorsports projects, and we are both huge proponents of highlighting technical excellence, racing safety, and team building. I'm excited to see what we can accomplish together — both on and off the track."
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Earlier this year, KULR became the official thermal management and battery safety technical partner for Andretti Technologies, the advanced technology arm of racing enterprise Andretti Autosport. The alliance establishes a thermal management testing and design platform for high-performance battery solutions with the highest safety ratings adapted to racing’s technical requirements.
"The Andretti name represents the pinnacle of racing achievement in the NTT Indycar Series," said KULR CEO Michael Mo. "KULR is honored to be associated with the heritage and legacy Andretti Autosport maintains in the world of high-performance racing."
KULR’s technology is all about keeping things cool — so lithium-ion batteries or cells don’t overheat, catch fire, explode and cause a catastrophic fire or worse — whether it’s aboard a spaceship to Mars, an electric vehicle racing in the desert, or inside a smartphone.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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