Associated tags: KULR, SAN, NYSE, Safety, NASA
Locations: UNITED STATES, TEXAS, NEW YORK CITY, NYC, COLORADO, SG, WHITNEY, CAMPBELL, CALIFORNIA, US, UKRAINE, DUPONT, SOUTH AMERICA, CHICAGO, EUROPE
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Electric battery William Walker, KULR CTO, stated, “Thermal runaway testing in general is a challenge where numerous variables and their impacts must be considered. Ultimately, we are characterizing very violent events. If the objective is closed, or semi-closed, in format testing the larger the cell -- the more difficult the test.” Walker continued, “When a lithium-ion cell goes into thermal runaway, we have immense amount of heat and gas released, with estimates of gas generation to be on the order of 3 liters per Ah. For 200 Ah cell, this means we must be prepared to deal with up to 600 liters of hot, toxic, and corrosive gases that are released in as little as 3-5 seconds. The KULR engineering team’s modifications to the NASA developed technology allowed us to successfully facilitate, instrument, and characterize the thermal runaway event of a NMC based 200 Ah cell for one of our customers.”
Key Points:
- Just last year, a leading global automaker selected KULR for its next-generation EV battery safety and testing solutions.
- Recently, EV automakers have been exploring high-performance silicon-anode batteries and other technologies to enhance driving range and reduce costs in future electric vehicles.
- This technology was eventually licensed by KULR Technology Corporation on an exclusive basis in 2023.
- William Walker, KULR CTO, stated, “Thermal runaway testing in general is a challenge where numerous variables and their impacts must be considered.
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.
Key Points:
- 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.
- "We are excited to receive this news from the NYSE American," said KULR CEO Michael Mo.
- "Our ongoing efforts to enhance stockholder value and optimize the Company's long-term public valuation remain steadfast."
SAN DIEGO, April 23, 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 delivered on an immediate basis, a power cell battery deployment order for AI-enabled drone and advanced air mobility missions in Ukraine.
Key Points:
- SAN DIEGO, April 23, 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 delivered on an immediate basis, a power cell battery deployment order for AI-enabled drone and advanced air mobility missions in Ukraine.
- The Ukrainian contractor will employ the Company's high-power battery cells to sustain its ongoing drone operations in Eastern Europe.
- This initial deployment order necessitated immediate delivery, with full pre-payment before shipment.
- Ukraine’s drone developers look to integrate AI solutions into their designs where an algorithm quickly learns to recognize a drone’s target.
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Management 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”). Ms. Grier will serve as Chair of the Audit Committee and a member of both the Nominating and Corporate Governance and Compensation Committees of the Board. Concurrently with the appointment of Ms. Grier, current director Mr. Morio Kurosaki will retire from the Board effective immediately.
Key Points:
- 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”).
- Ms. Grier will serve as Chair of the Audit Committee and a member of both the Nominating and Corporate Governance and Compensation Committees of the Board.
- Concurrently with the appointment of Ms. Grier, current director Mr. Morio Kurosaki will retire from the Board effective immediately.
- She previously served as Board Director and Audit Committee Chair of Pyxus International, a global agricultural company.
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Cryptocurrency 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.
Key Points:
- 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.
- The increase in revenue was mainly due to early success in the energy storage and battery transportation and recycling sectors.
- Selling, General and Administrative (SG&A) Expenses: SG&A expenses increased to $19,882,402 in 2023 from $16,453,776 in 2022.
- Revenue has grown at a compound annual growth rate of 102% from 2021 through 2023.
Retrieved on:
Wednesday, April 10, 2024
Under a multi-year contract, KULR has achieved a significant milestone by tailoring its KULR ONE battery pack specifically for the Army’s effort to modernize future command posts.
Key Points:
- Under a multi-year contract, KULR has achieved a significant milestone by tailoring its KULR ONE battery pack specifically for the Army’s effort to modernize future command posts.
- The customization has resulted in an impressive 80% improvement in UPS run times, providing a strategic edge in tactical command operations.
- Michael Mo, CEO of KULR, expressed his pride in the project's success: “Delivering these customized battery packs to the United States Army represents a significant achievement for KULR.
- For more information about KULR Technology Group and its specialized energy solutions, please visit https://www.kulrtechnology.com/ .
SAN DIEGO, April 08, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, proudly announces a significant expansion in the application of its proprietary and patented SafeCASE technology.
Key Points:
- SAN DIEGO, April 08, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, proudly announces a significant expansion in the application of its proprietary and patented SafeCASE technology.
- In a landmark development, KULR has received an initial award to supply SafeCASES to a leading electric vertical take-off and landing ("eVTOL") company.
- This partnership underscores the versatility and efficacy of SafeCASE in ensuring the safe handling and transport of batteries across sophisticated production facilities.
- Michael Mo, CEO of KULR Technology Group, stated, "This partnership represents a milestone for KULR as it showcases our ability to adapt and expand our technology solutions to meet the evolving needs of high-tech industries.
H55 will employ KULR's unique Thermal Runaway Shield (“TRS”) within its propulsion systems that equip fleets of industry behemoths such as Pratt & Whitney and CAE Inc.
Key Points:
- H55 will employ KULR's unique Thermal Runaway Shield (“TRS”) within its propulsion systems that equip fleets of industry behemoths such as Pratt & Whitney and CAE Inc.
- Embedding KULR's TRS into H55's Electrical Propulsion System (“EPS”) is critical for aligning with the European Union Aviation Safety Agency (“EASA”) safety protocols.
- H55 harnesses KULR's innovative TRS to construct systems that adhere to stringent safety measures while retaining efficiency and energy density.
- The TRS technology from KULR has enabled us to push the safety norms and position H55 as a global leader.
The financial results will be issued in a press release prior to the call.
Key Points:
- The financial results will be issued in a press release prior to the call.
- KULR management will host the conference call, followed by a question-and-answer period.
- Please call the conference telephone number 10 minutes prior to the start time.
- The conference call will be available for replay here and via the Investor Relations section on KULR’s website ( www.kulrtechnology.com ).
Retrieved on:
Wednesday, March 27, 2024
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.
Key Points:
- 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.
- "The net proceeds from the financing helped fund our migration from a thermal management solutions provider to our current KULR ONE Design Solutions ("K1-DS") platform.
- I view it as a very positive step that we can once again say that we carry no debt on our balance sheet, other than normal course payables and financing arrangements."
