KULR Technology Group (KULR) News
Market Cap: $346.96M
Avg Volume: 13.52M
Industry: Hardware, Equipment & Parts
Sector: Technology
KULR Expands into High-Growth Robotics Market with German Bionic AI-Powered Exoskeletons for U.S. Workforce
KULR announced the launch of a new strategic partnership with German Bionic, a global robotics company known for its groundbreaking robotic exoskeleton
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KULR CEO Michael Mo to Speak at Strategy World 2025
Silver Sponsorship will support AI and Bitcoin focused conference hosted by Strategy HOUSTON, April 10, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, today announced that CEO and Co-Founder Michael Mo will speak at Strategy World 2025, the premier global conference focusing on AI and BI innovation, as well as the power of Bitcoin treasuries for corporations. KULR is a Silver sponsor of the conference – hosted by Strategy (NASDAQ: MSTR), formerly MicroStrategy – which will be held between May 5th and May 8th in Orlando, Florida.
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KULR Technology: Overvalued Bitcoin Play - Sell
KULR Technology reported fourth quarter and full-year 2024 results ahead of consensus expectations. However, outperformance was solely the result of a last minute licensing transaction, which helped masking persistent product order delays. In recent months, the company has raised $123 million in gross proceeds from selling new shares into the open market with the majority having been utilized to accumulate Bitcoins.
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KULR Technology Group, Inc. (KULR) Q4 2024 Earnings Call Transcript
KULR Technology Group, Inc. (NYSE:KULR ) Q4 2024 Earnings Conference Call March 27, 2025 4:30 PM ET Company Participants Stuart Smith - Investor Relations Michael Mo - Chief Executive Officer Shawn Canter - Chief Financial Officer Conference Call Participants Operator Good afternoon, and thank you for joining us for the KULR Technology Group Fourth Quarter and Full-Year 2024 Earnings Call. Joining me on the call today will be Michael Mo, the Chief Executive Officer of the company; as well as Shawn Canter, the Chief Financial Officer of the company.
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KULR Technology buys $5M in Bitcoin, raising total holdings to 668 BTC
KULR Technology Group has strengthened its Bitcoin holdings with the acquisition of an additional 58.3 BTC for approximately $5 million. According to an 8-K filing with the Securities and Exchange Commission, the purchase was made at an average price of $88,824 per Bitcoin, inclusive of fees and expenses.
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KULR's NASA-Certified M35A Battery Cells Selected by Leading Private U.S. Space Company
HOUSTON, March 13, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management solutions, is proud to announce that a prominent private U.S. space company has acquired its NASA-certified M35A battery cells for integration into their spaceflight programs. This milestone underscores the growing demand for KULR's high-performance, cost-effective energy solutions.This latest purchase highlights the M35A's versatility and KULR's ability to support both commercial and government aerospace initiatives.
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KULR Achieves AS9100 Certification
Certification will Strengthen KULR's Position in Aerospace and Defense Manufacturing Sector HOUSTON, Feb. 20, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, today announced their Webster, Texas headquarters facility has achieved AS9100 certification. This certification is a significant milestone confirming KULR's commitment to quality, safety, and customer satisfaction within the aerospace and defense manufacturing sectors.
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KULR and Worksport Forge Strategic Partnership to Advance Battery Technology and U.S. Manufacturing
HOUSTON, Feb. 13, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, and Worksport Ltd. (Nasdaq: WKSP), a pioneer in solar-integrated tonneau covers and portable energy storage, have announced a strategic partnership focused on advancing battery technology and strengthening domestic manufacturing. The collaboration centers on three key areas: joint battery pack development, thermal runaway protection, and AI-integrated battery management system (BMS) software design.
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KULR Signs Distribution and Integration Agreement with EDOM Technology to Support AI Ecosystem Supply Chain
HOUSTON, Jan. 27, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, today announced its strategic partnership with EDOM Technology (EDOM) (3048.TW), a long-standing NVIDIA Channel Partner and a premier integration and distribution company. This collaboration positions KULR to deliver its innovative KULR Xero Vibe™ (KXV) and KULR ONE product lines to Taiwan, a global epicenter of AI supply chain development, by leveraging its suite of energy management products and solutions to address the need for large-scale systems cooling within the AI ecosystem.
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KULR Technology and Scripps Research Collaborate on Novel Pyrolytic Carbon Electrode Technology
HOUSTON, Jan. 22, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in carbon-based thermal management and battery safety solutions, has announced an innovative collaboration with the prestigious Scripps Research Institute's Baran Lab. Together, the teams have developed a groundbreaking pyrolytic carbon (PC) electrode material, poised to transform synthetic organic electrochemistry.
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KULR Expands Bitcoin Holdings to 510 BTC, Reports 127% BTC Yield
HOUSTON, Jan. 21, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, today announced it has increased its bitcoin purchases for its Bitcoin Treasury by an additional $8 million to reach a total of $50 million in bitcoin acquisitions. The additional purchases were made at a weighted average price of $101,695 per bitcoin, inclusive of fees and expenses. The Company now holds 510 BTC.
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Nuclear Energy - The Answer to Hungry Artificial Intelligence Energy Consumption
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - January 15, 2025) - Investorideas.com, a go-to investing platform covering renewable energy and AI stocks releases a snapshot on recent news and developments looking at the demand for nuclear power as AI grows exponentially, featuring KULR Technology Group, Inc (NYSE American: KULR), a leader in advanced energy management platforms. Read the full article at Investorideas.com https://www.investorideas.com/News/2025/renewable-energy/01150Nuclear-Energy.asp JLL reports, "The data center industry stands at the precipice of a transformative era, driven by the relentless advancement of artificial intelligence.
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KULR Grants Carbon Fiber Cathode License for Nuclear Reactor Application
HOUSTON, Jan. 14, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, today announced the signing of a multi-million-dollar licensing agreement with a new technology partner (“Licensee”) to enable advanced carbon fiber cathode applications for nuclear reactor systems in Japan. Applications for Carbon Fiber Cathode Technology The licensed carbon fiber cathode solutions are specifically engineered for critical use in nuclear reactors, offering enhanced safety, superior heat dissipation, and structural integrity.
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Why KULR Technology Stock Skyrocketed 1,819% in 2024 but Is Plummeting in 2025
KULR Technology (KULR -13.67%) stock posted massive gains in 2024. The company's share price climbed 1,819% across last year's trading, according to data from S&P Global Market Intelligence.
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Should You Forget KULR and Buy These 2 Millionaire-Maker Stocks Instead?
KULR Technology Group's (KULR 9.21%) stock soared over 1,000% over the past two months. The energy solutions company impressed the market by gaining more commercial and government contracts.
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Better Bitcoin Stock: MicroStrategy vs. KULR Technology
MicroStrategy (MSTR 3.59%) and KULR Technology (KULR -14.37%) both recently generated a lot of buzz with their big investments in Bitcoin (BTC -0.25%). Microstrategy, which started buying Bitcoin in 2020, had accumulated 279,420 Bitcoins as of Nov. 10.
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Companies Driving Innovation for US Army Aviation Safety
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - December 31, 2024) - Investorideas.com, a go-to investing platform covering cleantech and defense stocks releases a snapshot on publicly traded companies driving innovation for US Army Aviation Safety, featuring KULR Technology Group, Inc (NYSE American: KULR), a leader in advanced thermal management and vibration reduction solutions, with a history of technology collaboration with the Armed Forces. Read the full article on Investorideas.com https://www.investorideas.com/News/2024/defense/12310KULR-US-Army-Aviation-Safety.asp The US military aircraft market size is evaluated at USD 18.26 billion in 2024 and is expected to exceed around USD 29.27 billion by 2034, growing at a CAGR of 4.81% from 2024 to 2034, according to PrecendenceResearch.com.
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KULR Announces Active Collaboration with U.S. Army to Evaluate Vibration Reduction on AH-64E and UH-60 Helicopter Platforms
HOUSTON, Dec. 30, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced thermal management and vibration reduction solutions, is pleased to announce its active collaboration with the U.S. Army to plan an in-depth evaluation of the KULR VIBE system for vibration reduction and optimal balance on AH-64E Apache and UH-60 Black Hawk helicopters. The evaluation is slated to begin in 2025 and will explore the potential of KULR VIBE to enhance operational efficiency and safety across these critical platforms.
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KULR Technology Stock: Buy, Sell, or Hold?
KULR Technology (KULR -2.92%), a provider of energy storage solutions, saw its stock rally about 1,610% over the past two months. It had been languishing as a penny stock since early 2023, but it abruptly skyrocketed and transformed into a hypergrowth stock after it secured new contracts, regained compliance with the NYSE American's listing standards, and made a big Bitcoin purchase to launch its own Bitcoin treasury.
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Cryptocurrency Strategic Investments Changing the Face of Wall Street
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - December 27, 2024) - Investorideas.com, a go-to investing platform covering cryptocurrency and cleantech stocks releases a snapshot looking at publicly traded companies and how the strategic investment of cryptocurrency is reshaping their financial futures, featuring KULR Technology Group, Inc (NYSE American: KULR), a leader in advanced energy management platforms. Read the full article at Investorideas.com https://www.investorideas.com/News/2024/cryptocurrency/12270Cryptocurrency-Strategic-Investments.asp#google_vignette Bitcoin and other cryptocurrencies once scoffed at by Wall Street elites have now become a part of the financial future of publicly traded companies as President-elect Trump and his team give credibility to Bitcoin as an asset.
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KULR Technology Stock Soars to All-Time High After $21M Bitcoin Purchase
Shares of KULR Technology Group (KULR) soared to close at a record high $4.80 Thursday after the energy storage company made its first investment in bitcoin worth $21 million.
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KULR Invests $21 Million in Bitcoin as Part of Treasury Strategy
On Thursday, KULR Technology Group, Inc KULR announced that it has completed the purchase of 217.18 Bitcoin BTC/USD for approximately $21 million, at an average price of $96,556.53 per BTC.
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KULR Launches Bitcoin Treasury with Purchase of 217.18 Bitcoin for $21 Million
HOUSTON, Dec. 26, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a leader in advanced energy management platforms, today announced that it has completed the purchase of 217.18 Bitcoin (“BTC”) for approximately $21 million, at an average price of $96,556.53 per BTC. The purchase follows the Company's announcement on December 4th of its Bitcoin Treasury strategy in which it announced allocating up to 90% of its surplus cash to BTC.
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KULR Regains Compliance with NYSE American Stockholders' Equity Requirement
NYSE:KULR announced it has received official notice from the NYSE American LLC confirming that the Company has regained compliance with listing standards.
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Space Stocks - The New Frontier
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - December 18, 2024) - Investorideas.com, a go-to investing platform covering aerospace and defense stocks releases a snapshot on publicly traded companies entering the space economy featuring KULR Technology Group, Inc (NYSE American: KULR), a global leader in energy management and vibration reduction solutions, with a long history with NASA. Read the full article at Investorideas.com https://www.investorideas.com/news/2024/defense/12180Space-Stocks.asp McKinsey.com says, "We estimate that the global space economy will be worth $1.8 trillion by 2035 (accounting for inflation), up from $630 billion in 2023.
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KULR Signs Service Agreement to Launch KULR ONE Space Battery
KULR proudly announces plans to launch the KULR ONE Space (K1S) battery via launch integrator Exolaunch on a SpaceX rideshare mission scheduled for 2026
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The Marriage of Energy and Artificial Intelligence- It's a Win- Win
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - December 11, 2024) - Investorideas.com, a go-to investing platform covering renewable energy and AI stocks releases a snapshot on recent news and developments looking at the marriage of AI and energy, featuring KULR Technology Group, Inc (NYSE American: KULR), a global leader in energy management and vibration reduction solutions. Read the full article on Investorideas.com https://www.investorideas.com/News/2024/renewable-energy/12110Energy-and-AI.asp Grandview Research says, "The global AI in energy market size was valued at USD 8.75 billion in 2023 and is expected to grow at a CAGR of 30.1% from 2024 to 2030.
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KULR Xero Vibe Solution Launches on NVIDIA Jetson Edge AI Platform
KULR's Xero Vibe™ solution complements the NVIDIA's Jetson edge AI platform by addressing key operational challenges such as vibration. suppression
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KULR Technology: Bearish Technicals, But Could Be An Acquisition Target
KULR Technology stock has shown significant volatility, trading between $0.10 and $1.7499, with recent gains suggesting a potential breakout from a bearish trend. Promising Q3 2024 earnings, including record revenue and reduced operating expenses, highlight KULR's improving financial health and operational efficiency. KULR Technology's strategic moves, such as a defense contract and Bitcoin allocation, along with NASA-certified products, enhance its market position and investor appeal.
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KULR: A Penny Stock Connecting The Dots Between EVTOLs, Data Centers, Space Batteries, And SMRs
I believe KULR's exposure to high-growth industries, including eVTOLs, data centers, SMRs, and space batteries (to name a few) make this penny stock an asymmetric risk/reward bet. The 400% increase in its share price in the past month suggests growing investor interest, though I believe it's primarily from retail, with minimal institutional involvement so far. I see partnerships with Amprius, H55, and Molicel as a strong sign of demand for KULR's technology, with further collaboration announcements likely to increase the share price.
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KULR Announces Immediate Availability of NASA-Certified M35A Battery Cells for JSC 20793 Packs
This announcement reinforces KULR's commitment to advancing the frontiers of space exploration by delivering solutions that exceed industry standards
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KULR Awarded U.S. Navy Contract to Develop High-Temperature Internal Short Circuit Cells for Enhanced Battery Safety in Critical Applications
HOUSTON, Nov. 25, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a provider of advanced thermal management solutions, has been awarded a contract by the U.S. Navy to advance its Internal Short Circuit (ISC) technology to activate at higher temperatures. This development, vital for both military and commercial applications, will support a wide range of safety-critical uses, with particular importance for aviation by enabling the simulation of extreme conditions that better reflect the stringent safety standards of the Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA).
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KULR Designs for Small Modular Nuclear Fusion Reactors
KULR announced the development of its proprietary carbon fiber designed custom cathodes in small modular reactors for a prominent nuclear fusion company.
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KULR Technology Group, Inc. (KULR) Q3 2024 Earnings Call Transcript
Start Time: 16:30 January 1, 0000 4:59 PM ET KULR Technology Group, Inc. (NYSE:KULR ) Q3 2024 Earnings Call November 13, 2024, 16:30 PM ET Company Participants Michael Mo - CEO Shawn Canter - CFO Stuart Smith - IR Conference Call Participants Stuart Smith Good afternoon, everyone, and welcome to the KULR Technology Group Third Quarter 2024 Earnings Call. I'm your moderator for the call, Stuart Smith, and I will be joined on the call today by the CEO of KULR Technology Group, Michael Mo and the CFO of the company, Shawn Canter.
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KULR Reports Record Revenue for the Third Quarter of 2024
HOUSTON, Nov. 13, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today reported results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Results Revenues: In the third quarter that ended September 30, 2024, revenue was $3.19 million compared to $3.04 million reported in the same period last year.
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KULR Technology Group Sets Third Quarter 2024 Earnings Call for Wednesday, November 13, 2024 at 4:30 p.m. ET
HOUSTON, Oct. 22, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, will hold a conference call on Wednesday, November 13th, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the third quarter ended September 30, 2024. The financial results will be issued in a press release prior to the call.
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October's 4 Best Penny Stocks: High-Risk, High-Reward Picks
Most investors' definition of a penny stock has broadened to include not just companies trading at less than $1 per share, but also those with slightly higher stock prices up to about $5 per share. Regardless of your exact threshold, these firms remain a high-risk, high-reward proposition.
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KULR's Xero Vibe Technology Lands Licensing Partnership with $2.35M Deal
Milestone IP Licensing Deal Expands Business Opportunities via New Business Model HOUSTON, Oct. 02, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced a licensing agreement for its proprietary vibration reduction technology named KULR Xero Vibe (“KXV”). The $2.35M landmark deal includes a $1.1M minimum guaranteed license and royalty fee, a unique opportunity for the licensee to purchase proprietary balancing equipment directly from KULR and additional revenue upside to KULR based on volume and technology upgrades.
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KULR Secures Expanded U.S. Army Battery Contract to $2.4M, Paving Way for KULR ONE Guardian Battery Production in 2025
HOUSTON, Sept. 25, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced that it is on track to successfully complete its initial engagement with the United States Army by Q3 2024.
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KULR Releases New KULR ONE Space Presentation, CTO to Participate in Upcoming Live Reddit Q&A Discussion
HOUSTON, Sept. 16, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today unveiled its new KULR ONE Space presentation on its website at www.kulrtechnology.com.
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KULR Receives up to $1.5M Satellite Battery Systems Order from South Korea's Nara Space for Artemis II CubeSat Mission
HOUSTON, Sept. 10, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced it has been awarded an initial contract valued close to $1M, with additional options bringing total contract value up to $1.5M, to supply 20793-rated battery systems to South Korea's Nara Space (NARA) for their CubeSat mission aboard Artemis II.
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KULR Releases New Investor Presentation
HOUSTON, Aug. 28, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today unveiled a new investor presentation on its website at www.kulrtechnology.com. This new presentation provides an overview of the Company and features refreshed and updated information, including: Updated list of customers and partners Overview of the Company's core engineering technology domains with an emphasis on diversified product and service offerings for its various market opportunities Information on KULR's customer engagement model Financial updates and recent operational progress The investor presentation is accessible through the “Presentations” section on KULR's website.
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KULR Changes Designation of Principal Executive Office to Texas, Announces Leadership Transition
SAN DIEGO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, announced today the mutually agreed upon resignation of Keith Cochran as President and Chief Operating Officer, effective August 20, 2024. KULR has re-allocated the oversight of its day-to-day operations among its executive level management, headed by Chief Executive Officer, Michael Mo.
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Safety, Efficiency and Performance for the Electric Aviation Dream
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - August 21, 2024) - Investorideas.com, a go-to investing platform covering renewable energy stocks releases a snapshot on recent news and developments in electric aviation, featuring KULR Technology Group, Inc (NYSE American: KULR), a global leader in safe and high-performance energy storage solutions. Read the full article on Investorideas.com https://www.investorideas.com/News/2024/renewable-energy/08210Electric-Aviation.asp According to ReportPrime.com, "The Aircraft Electrification market faces several challenges that could hinder its growth, including high development and certification costs, limited battery technology, and insufficient charging infrastructure.
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KULR Partners with Amprius Technologies to Develop Reference Design to Enhance Battery Safety and Performance in Advanced Air Mobility
KULR Technology Group, Inc, today announced it has been selected for a pivotal battery pack reference design project by Amprius Technologies (NYSE: AMPX).
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KULR Technology Group, Inc. (KULR) Q2 2024 Earnings Call Transcript
KULR Technology Group, Inc. (NYSE:KULR ) Q2 2024 Earnings Conference Call August 12, 2024 4:30 PM ET Company Participants Stuart Smith - IR Michael Mo - CEO Shawn Canter - CFO Stuart Smith Welcome, everyone, to the KULR Technology Group Second Quarter 2024 Earnings Call. KULR Technology Group is traded on the New York Stock Exchange under the ticker symbol KULR.
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KULR Technology Group Reports Second Quarter 2024 Financial Results
SAN DIEGO, Aug. 12, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today reported results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Results Revenues: In the second quarter that ended June 30, 2024, revenue was $2.43 million compared to $2.70 million reported in the same period last year.
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KULR Technology Group Sets Second Quarter 2024 Earnings Call for Monday, August 12, 2024 at 4:30 p.m. ET
SAN DIEGO, Aug. 05, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, will hold a conference call on Monday, August 12th, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the second quarter ended June 30, 2024. The financial results will be issued in a press release prior to the call.
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3 Penny Stocks With 458% Average Upside According to Wall Street Analysts
Investors might be intrigued by penny stocks because they are so cheap to own. By investing $100 into a stock that trades for $0.50, you can own 200 shares of a company in your portfolio.
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KULR Announces Expiration of SEPA Facility and Compliance with NYSE Guidelines on Audit Opinion Disclosure
SAN DIEGO, June 03, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced that it will not be extending its Standby Equity Purchase Agreement (“SEPA”), with YA II PN, LTD. ("Yorkville"), which terminated on June 1, 2024. Furthermore, the Company confirms that it has retired all outstanding debt owed to Yorkville.
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KULR Experiences Fast-Growing Demand for Next-Gen EV Battery Safety and Testing Solutions with Order from Top Japanese Automaker
Battery Testing and Analysis Services Unit to Generate $8 Million to $10 Million Revenue Annually Starting in 2025 SAN DIEGO, May 29, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a global leader in sustainable energy management, today announced it has secured a contract from a top Japanese multinational automaker (“Automaker”) for testing and analysis of high-energy battery cells intended for their next-generation electric vehicles. The Company will utilize its KULR ONE Design Solutions (K1-DS) platform to expedite design readiness for the Automaker's future electric vehicle buildout.
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KULR CEO Michael Mo Reduces Cash Salary to Better Align with Shareholder Value Creation
SAN DIEGO, May 23, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), global leader in safe and high-performance energy storage solutions, today announced that, in keeping with the Company's recent efforts to reduce its cash consumption, KULR's compensation committee approved a voluntary request by CEO Michael Mo to reduce the cash component of his compensation by 33% and, believing in the future of KULR, to instead grant him an equity incentive grant that does not vest for 12 months from such grant date. The strategic move ensures one-third of Mr.
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The Recreational Market Joins the Electrification Revolution of Vehicles; Battery Safety Still Key
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - May 23, 2024) - Investorideas.com, a go-to investing platform covering electric vehicles releases a report on the evolution of the sector as the recreational market follows suit, featuring KULR Technology Group, Inc (NYSE American: KULR), a global leader in safe and high-performance energy storage solutions. Read the full article on Investorideas.com https://www.investorideas.com/News/2024/renewable-energy/05230Recreational-Market-EV.asp As all industry sectors of vehicles build out their electric portfolios, battery safety is still a key issue to address.
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KULR Secures Test Engineering Contract with Bombardier Recreational Products
SAN DIEGO, May 22, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), global leader in safe and high-performance energy storage solutions, is pleased to announce it has been awarded an engineering contract with Bombardier Recreational Products (“BRP”) (NASDAQ: DOOO) for the Company's Fractional Thermal Runaway Calorimetry (FTRC) testing services. This milestone underscores KULR's expanding influence and commitment to advancing battery safety in the rapidly growing electric recreational products sector. With an already established presence in space and military safe battery designs, KULR looks to continue discussions and market expansion with potential customers from major electric aviation, electric maritime, EV, and recreational off-road vehicle manufacturers.
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KULR Technology Group, Inc. (KULR) Q1 2024 Earnings Call Transcript
KULR Technology Group, Inc. (NYSE:KULR ) Q1 2024 Results Conference Call May 15, 2024 4:30 PM ET Company Participants Stuart Smith - Investor Relations Michael Mo - Chief Executive Officer Shawn Canter - Chief Financial Officer Stuart Smith All right. Thank you for joining us today for the KULR Technology Group First Quarter 2024 Earnings Call.
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Why Is Kulr Technology (KULR) Stock Down 28% Today?
Kulr Technology (NYSEMKT: KULR ) stock is falling on Thursday following the release of the thermal management technology company's earnings report for the first quarter of 2024. Unfortunately for KULR stockholders, the company reported earnings per share of -4 cents during the quarter.
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KULR Technology Group Reports First Quarter 2024 Financial Results
SAN DIEGO, May 15, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today reported results for the first quarter ended March 31, 2024.
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KULR Adds United Parcel Service to its Battery Safety Shipping Platform, Forms Strategic Partnership with Safeware for Online Marketplace
SAN DIEGO, May 13, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in safe and high-performance energy storage solutions, is excited to announce the launch of the KULR Online Marketplace. This innovative platform is now live and features the Safe-X product line, including SafeCASE models and SafeSLEEVE products, available for purchase both on KULR's online marketplace and through Safeware.com, a premier distributor for Hazmat and fire safety equipment.
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KULR Technology Group Sets First Quarter 2024 Earnings Call for Wednesday, May 15, 2024 at 4:30 p.m. ET
NYSE:KULR will hold a conference call on Wednesday, May 15th at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its 1st Qtr. financial results.
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KULR Technology Successfully Completes 200 Amp-Hour Battery Fractional Thermal Runaway Calorimetry Test for EV Customer
As the exclusive licensee of the L-FTRC technology from NASA, KULR is uniquely positioned to service customers in electric vehicles & grid energy storage.
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KULR Technology Group Regains Compliance with NYSE American Continued Listing Standards
SAN DIEGO, May 06, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in safe and high-performance energy storage solutions, today announced that on May 01, 2024, the Company received written notification from the NYSE American LLC ("NYSE American") stating that the Company has regained compliance with the NYSE American's continued listing standards set forth in Part 10 of the NYSE American Company Guide. Specifically, the Company has resolved the continued listing deficiency with respect to the low selling price of its common stock as described in Section 1003(f)(v) of the NYSE American Company Guide due to shares of its common stock demonstrating sustained price improvement.
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Investing in the Evolution of Batteries- An Electrifying Journey
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - May 1, 2024) - Investorideas.com, a go-to investing platform covering battery stocks releases a news report drilling down on developments for better batteries, featuring KULR Technology Group, Inc. (NYSE American: KULR), a leading energy management platform company offering proven solutions that play a critical role in accelerating the electrification of the circular economy. Read the full article on Investorideas: https://www.investorideas.com/News/2024/renewable-energy/05010Evolution-of-Batteries.asp For investors that use the 'Follow the Money' strategy, the big guys are betting that silicon will address some of the limitations of lithium batteries the industry is facing.
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KULR Technology Group and Amprius Technologies Form Strategic Partnership for Advanced Battery Packs
KULR ONE Space and KULR ONE Guardian Platforms to Integrate Amprius Silicon Anode SA10 Cells SAN DIEGO, April 30, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in safe and high performance energy storage solutions, today announced a leap forward in battery technology tailored for defense and space applications as KULR Technology Group (NYSE: KULR) and Amprius Technologies (NYSE: AMPX) officially announce their strategic partnership. This collaboration heralds the integration of Amprius' innovative high performance cylindrical cell into KULR ONE Space and Guardian battery architectures, renowned for their high reliability and robust safety protection, for aerospace and military applications.
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KULR Delivers Immediate Power Cell Battery Deployment Order for AI-Enabled Drone Missions in Ukraine
(NYSE American: KULR) announced it has delivered, a power cell battery deployment order for AI-enabled drone and advanced air mobility missions in Ukraine.
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KULR Technology Group (KULR) Upgraded to Buy: Here's What You Should Know
KULR Technology Group (KULR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
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KULR Technology Group Announces Appointment of Donna H. Grier to its Board of Directors
Former DuPont Executive Brings Decades of Private and Public Market Experience to Company's Board SAN DIEGO, April 15, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced the appointment of new independent director, Donna H. Grier, to the Company's Board of Directors (the “Board”).
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KULR Technology Group, Inc. (KULR) Q4 2023 Earnings Call Transcript
KULR Technology Group, Inc. (NYSE:KULR ) Q4 2023 Earnings Call Transcript April 12, 2024 4:30 PM ET Company Participants Stuart Smith - Investor Relations Michael Mo - Chief Executive Officer Shawn Canter - Chief Financial Officer Conference Call Participants Theodore O'Neill - Litchfield Hills Research Michael Legg - Benchmark Company Stuart Smith Welcome everyone to the Full Year 2023 Earnings Call for KULR Technology Group, Inc. Incorporated. The company is traded on the New York Stock Exchange, the NYSE under the ticker symbol KULR.
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KULR Technology Group Reports Record Annual Revenue for 2023
Full-Year 2023 Revenue Up 146% Year-Over-Year SAN DIEGO, April 12, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced its financial results for full-year 2023. Full-Year 2023 Financial Results: Revenues: Revenue increased 146% to $9,830,166 in 2023 from $3,994,634 in 2022.
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KULR Technology Group Delivers Customized Battery Solution for U.S. Army, Enhancing Tactical Command Operations
KULR Technology Group, Inc. (NYSE American: KULR) announces the successful delivery of its custom-designed KULR ONE battery packs to the United States Army
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KULR Technology Group Expands SafeCASE Application to Transform Battery Storage in eVTOL Manufacturing
In a landmark development, KULR has received an initial award to supply SafeCASES to a leading electric vertical take-off and landing ("eVTOL") company
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KULR Secures Over $1M Contract from H55 for Proprietary, Patented Thermal Runaway Shield Technology
KULR Technology Group NYSE:KULR unveiled a commitment exceeding $1 million with H55 Inc. (“H55”), a pioneer and global leader in electric propulsion.
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KULR Technology Group Sets Fourth Quarter and Full Year 2023 Earnings Call for Friday, April 12, 2024 at 4:30 p.m. ET
SAN DIEGO, April 01, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, will hold a conference call on Friday, April 12th at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended December 31, 2023. The financial results will be issued in a press release prior to the call.
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KULR Retires All Outstanding Yorkville Debt
SAN DIEGO, March 27, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced that all outstanding debt owed to Yorkville Advisors ("Yorkville") has been retired in accordance with their terms. "Retiring the outstanding Yorkville debt is a significant step for the Company," said KULR's CEO, Michael Mo.
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Follow the Money in Defense Stocks - The Sky's the Limit
Vancouver, Kelowna and Delta, British Columbia--(Newsfile Corp. - March 27, 2024) - Investorideas.com, a go-to investing platform covering defense and energy stocks releases a news report on recent contract news and contracts within the defense industry, featuring KULR Technology Group, Inc (NYSE American: KULR), a leading energy management platform company offering proven solutions that play a critical role in accelerating the electrification of the circular economy. Read the full article on Investorideas.com https://www.investorideas.com/News/2024/defense/03270Stocks.asp According to GlobalData, "The global missiles and missile defense systems (MMDS) market is valued at $45.2 billion in 2023 and will grow at a compound annual growth rate (CAGR) of more than 4% during 2023-2033.
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KULR Enters into an Agreement with Lockheed Martin for Heat Sink Advancements in Precision Missile Electronics
(NYSE: KULR) proudly announces a six-figure contract from Lockheed Martin (NYSE: LMT) for developing phase change material heat sinks that are pivotal.
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KULR Approaches Final Milestone in Upsized U.S. Army Contract for Advanced Battery Prototypes
SAN DIEGO, March 21, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today proudly announces the receipt of an additional purchase order from the United States Army, increasing the total contract value to $1.81 million. This latest order propels the project into its final phase, scheduled for completion by August 2024, with KULR having already achieved significant milestones in the development of next-generation battery solutions for advanced aviation applications.
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KULR Lands Initial Battery Testing Order for its SafeCASE Product with Leading US Automaker
SAN DIEGO, March 19, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today confirmed its collaboration with a leading U.S. automaker. This partnership focuses on mitigating thermal runaway risks in EV battery modules through KULR's advanced SafeCASE™ technology.
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SmallCapVoice.com Inc. (“SCV”) to Host First Annual Safety Summit featuring Up-and-Coming Public Companies
AUSTIN, Texas, March 14, 2024 (GLOBE NEWSWIRE) -- Austin, Texas-based SmallCapVoice.com Inc. (“SCV”) announced an upcoming webinar and live Q&A session with several rising stars in key support roles to first responders, airline safety, enhanced security and public safety. SmallCapVoice.com, Inc. is an investor relations and communications firm focused on socially responsible investments and companies.
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KULR Technology Group Announces a Strategic Contract with Nanoracks for Advanced Space Battery Development
KULR Technology GRP (NYSE American: KULR) awarded a pivotal contract exceeding $865,000 from Nanoracks (now part of Voyager Space's Exploration Segment).
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KULR Secures New Special Permits from the United States Department of Transportation Related to its Patented SafeX Product Suite, Including SafeCASE™ and SafeSLEEVE™
SAN DIEGO, March 12, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced that the United States Department of Transportation (“DoT”) recently granted Special Permit 21693 and Special Permit 21704 to the Company. The new special permits cover transportation of damaged, defective, or recalled (“DDR”) batteries as well as end-of-life (“EOL”) batteries to include the critical area of battery disposal and recycling, paving the way for safer and more sustainable battery recovery and reuse practices. The DoT's approval of these special permits validates the safety standards and reliability of KULR's SafeCASE™ product for transporting and storing lithium-ion batteries which is expected to generate additional opportunities for KULR with both existing and new customers in various industries.
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KULR Technology Receives Acceptance of Compliance Plan by NYSE American
SAN DIEGO, March 08, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a global leader in sustainable energy management, received notification (the “Acceptance Letter”) from NYSE American LLC (“NYSE American”) that the Company's previously-submitted plan (the “Plan”) to regain compliance with NYSE American's listing standards was accepted. In the Acceptance Letter, the NYSE American granted the Company a plan period through June 20, 2025 to regain compliance with the continued listing standards.
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KULR Technology to Deliver Mission-Critical Power Solutions for Leading Global Space Innovator's Upcoming Missions
NYSE:KULR will play a pivotal role in the advancement of battery technology to be deployed on space missions scheduled for this year – 2024 – and beyond.
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KULR Extends Outstanding Note Through End of 2024; Files 14C Disclosing Corporate Actions
KULR announced the Company and YA II PN, LTD (“Yorkville”) have agreed that the remaining amount owed Yorkville shall not be due until December 31, 2024.
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KULR Receives Non-Compliance Notice from NYSE American
SAN DIEGO, Feb. 16, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced that the Company received a letter (the “Letter”) from the staff of NYSE American LLC (the “Exchange”) stating that the Company's securities' performance of trading price is below compliance criteria pursuant to Section 1003(f)(v) of the NYSE American Company Guide, which the Exchange determined to be a 30-trading day average of less than $0.20 per share. The Company's continued listing is predicated on it demonstrating sustained price improvement within a reasonable period of time, which the Exchange has determined to be no later than August 12, 2024, or otherwise effecting a reverse stock split of its common stock.
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KULR Secures Exclusive Global License for NASA's Battery Safety Technology to Service World's Largest OEM Customers
(NYSE American: KULR) announced the execution of the exclusive worldwide license agreement for NASA's large format Fractional Thermal Runaway Calorimeter
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KULR Reduces Workforce by 15% Amid Streamlining Efforts
SAN DIEGO, Jan. 09, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced the Company has reduced its total workforce by approximately 15%. The changes come as KULR works to allocate resources to its key business priorities servicing recurring aerospace and defense contracts while also focusing on improving the profitability of its commercial customer engagements as the Company targets operational breakeven in Second Quarter 2024.
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KULR Selected by One of the World's Largest Private Space Exploration Companies for Enhanced Battery Safety Solutions
SAN DIEGO, Dec. 27, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced it has received an initial purchase order from one of the world's largest privately held space exploration companies (“Customer”) for enhanced battery safety testing solutions, using the Company's KULR ONE Design Solutions (“K1-DS”) platform. The proprietary K1-DS platform incorporates the most comprehensive design and testing methodology for battery safety that includes: Internal Short Circuit ("ISC") technology, Fractional Thermal Runaway Calorimetry (“FTRC”), bomb calorimetry, and impingement zone mapping, performing a comprehensive cell level characterization of the thermal runaway behavior of the Customer's cells.
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KULR Announces Closing of $1.035 Million All-Common Stock Public Offering, Including Full Exercise of Over-Allotment Option
SAN DIEGO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced the closing of its $1.035 million underwritten public offering of 5,175,000 shares of its common stock, including 675,000 shares of its common stock issued pursuant to the full exercise by the underwriter of its over-allotment option. The public offering price, before the underwriter's discount and commissions, for each share of common stock was $0.20. All of the securities in the underwritten public offering were sold by the Company.
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KULR Announces Pricing of $900,000 Public Offering of Common Stock
SAN DIEGO, Dec. 20, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced it has priced its underwritten public offering (the “Offering”) of 4,500,000 shares of its common stock at a public offering price of $0.20 per share. All shares of common stock in the underwritten public offering are to be sold by the Company. The Company expects to receive aggregate gross proceeds of $900,000 from the Offering, before deducting underwriting discounts and other offering expenses. In addition, the Company has granted the Underwriter a 30-day option to purchase up to an additional 675,000 shares of its common stock at the public offering price, less underwriting discounts. The Company expects to close the offering on December 22, 2023, subject to customary conditions.
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KULR Announces Proposed Public Offering of Common Stock
SAN DIEGO, Dec. 19, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. All of the shares of common stock in the underwritten public offering are to be sold by the Company. The Company also expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of shares of common stock offered in the public offering solely to cover over-allotments, if any. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
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KULR Technology Group Awarded Critical Contract for Pioneering Space Battery Development
SAN DIEGO, Dec. 13, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, is pleased to announce it has been awarded an initial contract for the accelerated development, testing, and production of a leading-edge space battery for a prominent privately held space hardware and in-space services company.
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KULR Technology Group and ParaZero Enter a Working Strategic Partnership for KULR VIBE to Serve Military and Drone Markets
SAN DIEGO, Dec. 05, 2023 (GLOBE NEWSWIRE) -- 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.
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KULR Secures Multi-Million Dollar Follow-On Defense Contract, Reinforcing Aerospace Innovation
(NYSE:KULR) is pleased to announce a follow-on contract from a leading Department of Defense ("DoD") contractor for advanced thermal management systems
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KULR to Develop Advanced Thermal Management for Aerospace Applications; Multi-Year Contract Worth Between $6 Million to $7 Million
SAN DIEGO, Nov. 16, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced an initial engagement with a Tier-1 aerospace and defense manufacturer (“Tier-1 Manufacturer”). The contract, with a revenue potential of between $6 million to $7 million over multiple years, involves the development of a Phase Change Material Module (“PCMM”) designed to ensure thermal stability for critical components used in space environments.
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KULR Technology Group, Inc. (KULR) Q3 2023 Earnings Call Transcript
KULR Technology Group, Inc. (NYSE:KULR ) Q3 2023 Earnings Conference Call November 14, 2023 4:30 PM ET Company Participants Stuart Smith - Investor Relations Michael Mo - Chief Executive Officer Keith Cochran - President and Chief Operating Officer Shawn Canter - Chief Financial Officer Conference Call Participants Theodore O'Neil - Litchfield Hills Research Jake Sekelsky - Alliance Global Partners Howard Halpern - Taglich Brothers Stuart Smith Welcome to the KULR Technology Group Third Quarter 2023 Earnings Call. I am your host Stuart Smith and with me on the call today is the CEO of KULR Technology Group, that's Michael Mo, Company's President and COO, Keith Cochran will be also joining us and the CFO, the Chief Financial Officer, Shawn Canter.
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KULR Technology Group Reports Third Quarter 2023 Financial Results; Company on Track with Analysts' Q4 Forecasts
KULR Technology Group, NYSE:KULR, a global leader in sustainable energy management, today reported results for the third quarter ended September 30, 2023.
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KULR Joins Webull Corporate Connect Service Platform
SAN DIEGO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a global leader in sustainable energy management, today announced that it is now participating on the Webull Corporate Connect Service (CCS) platform. KULR's portal on CCS will provide a unique community-driven experience and a direct line of communication to the Company for shareholders and interested investors. KULR followers on the CCS platform will be provided with instant notifications regarding corporate content like company news, updates, earnings reports, investor presentations, and more.
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