KULR Technology Group Brings R&D to Texas

KULR Technology Group Inc., a disruptive thermal management technology company, has opened a new R&D center in Webster, Texas. 

The company is focused on developing technologies to fulfill the unmet needs in the thermal management systems market. Their integrated design incorporates thermal interface materials, lightweight heat exchangers, and protection against lithium-ion battery thermal runaway propagation.

The new facility will help the company accommodate their increasing battery development engagements in 2023 and beyond. In fact, the company’s CTO Dr. Will Walker believes the new center will usher in the next phase of KULR’s expansion and growth.

The company said its sales, marketing, project management, quality control, and customer care divisions would continue to be headquartered in San Diego, California, however, the Webster facility’s design could accommodate future expansion as KULR continues to invest in people and assets in Texas.

The company expects the Webster facility to be fully operational by April 2023.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

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