KULR Technology Group

KULR Technology Group, Inc. engages in the development and commercialization of thermal management technologies for batteries, electronics, and other components across an array of battery-powered applications. Its total battery safety solution products can be used for electric vehicles, energy storage, battery recycling transportation, cloud computing, and 5G communication devices. The company was founded by Michael Mo in December 2015 and is headquartered in San Diego, CA.

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KULR Technology Group excels in Q1 2024, eyes space battery market

KULR Technology Group's Q1 2024 performance reflects strong revenue growth, cost management improvements, and strategic advancements in battery design and testing.
While facing challenges in product revenue and cost discipline, the company is well-positioned to leverage opportunities in the space battery market and drive innovation through data-driven solutions.

KULR Technology Group excels in Q2 2024, poised for industry leadership

KULR Technology Group's Q2 2024 performance reflects strong revenue growth, strategic investments, and product development initiatives.
The company's financial stability, technological advancements, and market expansion efforts position it well for future growth and industry leadership.
While facing challenges in scaling operations and navigating industry dynamics, KULR remains focused on innovation and seizing growth opportunities.
Overall, KULR's Q2 2024 earnings call highlights a promising outlook driven by revenue growth, product diversification, and market expansion strategies.

KULR Technology Group achieves record revenue, eyes growth opportunities ahead

KULR Technology Group reported strong financial performance, highlighted by record revenue and strategic investments in growth areas.
The company's focus on diversification, operational efficiency, and readiness for future demand signals a proactive approach to sustainable growth.
While facing challenges in managing growth and regulatory complexities, KULR is well-positioned to capitalize on opportunities in evolving markets.

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KULR Technology Group, Inc. engages in developing, manufacturing, and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systems. Its products include cellcheck, safecase, thermal capacitor, fiber thermal interface, thermal runaway shield, internal short circuit, and cathode. The company was founded by Michael Mo and Timothy R. Knowles in December 2015 and is headquartered in San Diego, CA.

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.

KULR Technology to Deliver Mission-Critical Power Solutions for Leading Global Space Innovator's Upcoming Missions

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.

KULR Extends Outstanding Note Through End of 2024; Files 14C Disclosing Corporate Actions

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.

KULR Receives Non-Compliance Notice from NYSE American

(NYSE American: KULR) announced the execution of the exclusive worldwide license agreement for NASA's large format Fractional Thermal Runaway Calorimeter

KULR Secures Exclusive Global License for NASA's Battery Safety Technology to Service World's Largest OEM Customers

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.

KULR Reduces Workforce by 15% Amid Streamlining Efforts

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.

KULR Selected by One of the World's Largest Private Space Exploration Companies for Enhanced Battery Safety Solutions

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.

KULR Announces Closing of $1.035 Million All-Common Stock Public Offering, Including Full Exercise of Over-Allotment Option

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.

KULR Announces Pricing of $900,000 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.

KULR Announces Proposed Public Offering of Common Stock

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.

KULR Technology Group Awarded Critical Contract for Pioneering Space Battery Development

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.

KULR Technology Group and ParaZero Enter a Working Strategic Partnership for KULR VIBE to Serve Military and Drone Markets

(NYSE:KULR) is pleased to announce a follow-on contract from a leading Department of Defense ("DoD") contractor for advanced thermal management systems

KULR Secures Multi-Million Dollar Follow-On Defense Contract, Reinforcing Aerospace Innovation

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.

KULR to Develop Advanced Thermal Management for Aerospace Applications; Multi-Year Contract Worth Between $6 Million to $7 Million

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.

KULR Technology Group, Inc. (KULR) Q3 2023 Earnings Call Transcript

KULR Technology Group, NYSE:KULR, a global leader in sustainable energy management, today reported results for the third quarter ended September 30, 2023.

KULR Technology Group Reports Third Quarter 2023 Financial Results; Company on Track with Analysts' Q4 Forecasts

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.

KULR Joins Webull Corporate Connect Service Platform

SAN DIEGO, Nov. 06, 2023 (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 Tuesday, November 14th at 4:30 p.m. Eastern time (1:30 p.m.

KULR Technology Group Sets Third Quarter 2023 Earnings Call for Tuesday, November 14, 2023 at 4:30 p.m. ET

SAN DIEGO, Oct. 30, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced an extension to its previously awarded contract with the United States Army (“Army”) following promising initial results. The Army has extended its collaboration with KULR to continue the development, testing, and analysis of next generation lithium-ion battery cells incorporating the Company's battery storage platform, KULR ONE Design Solutions ("K1-DS").

KULR and United States Army Extend Previously Awarded Contract

KULR Selected by Top 5 Electric Truck Manufacturer. Contract to Test and Analyze High-Energy Battery Cells for Next Generation Electric Trucks and SUVs

KULR Selected by Top 5 American Electric Truck Manufacturer to Design and Develop Safer Next-Gen Batteries

A Partnership Estimated at $3.5 Million to $5 Million Incorporates KULR ONE Design Solutions with Forge Nano's Battery Cells

KULR and Forge Nano Form a Strategic Partnership for Enhanced Battery Safety and Performance

KULR VIBE service to help reduce noise and vibration while enhancing the overall balance of Velos' V3 UAV helicopter for highly sensitive payloads

KULR Technology Group to Supply Velos Rotors with Vibration Reduction Technology

Company Continues to Execute its Growth Plan by Reducing Total Debt and Increasing Financial Flexibility Company Continues to Execute its Growth Plan by Reducing Total Debt and Increasing Financial Flexibility

KULR Pays Down Outstanding Note

SAN DIEGO, Sept. 15, 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 $2.875 million underwritten public offering of 8,214,285 shares of its common stock, including 1,071,428 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 $0.35. All of the securities in the underwritten public offering were sold by the Company.

KULR Announces Closing of $2.875 Million Public Offering of Common Stock, Including Full Exercise of Over-Allotment Option to Purchase Additional Shares

KULR CEO to Participate in Public Offering as Company Pays Down Debt and Funds Growth SAN DIEGO, Sept. 13, 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 has priced its underwritten public offering of 7,142,857 shares of its common stock at a public offering price of $0.35 per share.

KULR Announces Pricing of $2.5 Million Public Offering of Common Stock

SAN DIEGO, Aug. 31, 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 today the latest purchase order from the National Aeronautics and Space Administration (“NASA”), an independent agency of the U.S. federal government, as part of a multi-phase agreement for its advanced automated battery cell screening system. This recent procurement involves the assessment of 10,000 LG Chem Lithium-Ion INR18650 M36T cells.

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