Associated tags: KULR, SAN, NYSE, Safety
Locations: UNITED STATES, TEXAS, NEW YORK CITY, NYC, COLORADO, SG, WHITNEY, CAMPBELL, CALIFORNIA, US, UKRAINE, DUPONT, SOUTH AMERICA, CHICAGO, EUROPE
Retrieved on:
Tuesday, September 26, 2023
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Cell,
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NASA,
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Mobile phone SAN DIEGO, Sept. 26, 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 entered into a Memorandum of Understanding (MOU) with Forge Nano, a global leader in precision nanocoating technology. The strategic partnership, initially estimated at a $3.5 million to $5 million revenue opportunity, will combine KULR ONE Design Solutions offerings that include cell characterization and advanced automated battery cell screening capabilities with Forge Nano's proprietary Atomic Layer Deposition (ALD) coating process, tactically deploying the respective companies’ breakthroughs to OEM partners’ batteries with unmatched safety and efficiency.
Key Points:
- Last month, KULR announced it had secured a third order for automated battery cell screening services from NASA.
- KULR believes that this partnership is well positioned to ensure that US-based battery production value chain redefines industry standards in battery safety and performance.
- Forge Nano, with its commitment to piloting American-made batteries, has been at the forefront of exploring diverse silicon materials for enhanced battery application.
- Earlier this year, Forge Nano raised $50 million to build out battery production lines to meet growing demand.
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Wednesday, September 20, 2023
Learning,
Partnership,
Noise,
LIDAR,
Vibration,
Marketing,
Organization,
KULR,
SAN,
Algorithm,
UAV,
NYSE,
IPS,
Electric motor SAN DIEGO, Sept. 20, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today partnered with Velos Rotors (“VELOS”) to provide its KULR VIBE service as an added enhancement to the Velos V3 UAV helicopter for reducing vibration and increasing balance of UAV payloads that are highly sensitive to aircraft vibration.
Key Points:
- SAN DIEGO, Sept. 20, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today partnered with Velos Rotors (“VELOS”) to provide its KULR VIBE service as an added enhancement to the Velos V3 UAV helicopter for reducing vibration and increasing balance of UAV payloads that are highly sensitive to aircraft vibration.
- The collaboration between KULR Technology and VELOS aims to enhance the performance of sophisticated payloads typically found in VELOS drones, such as LIDAR, infrared, and high-precision optical cameras.
- During the initial testing of the Velos V3 with the KULR VIBE service, the prop imbalance was reduced to 0.026 inches per second (IPS) with a reduction in overall damping and weight.
- “Our Velos V3 already was a very stable platform, but some customers carry payloads with highly sensitive sensors,” said Velos Rotors Chief Executive Officer Michael Seal.
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Tuesday, September 19, 2023
SAN DIEGO, Sept. 19, 2023 (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 paid down more than 20% of its outstanding note to YA II PN, LTD.
Key Points:
SAN DIEGO, Sept. 19, 2023 (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 paid down more than 20% of its outstanding note to YA II PN, LTD.
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Friday, September 15, 2023
Benchmark,
Titan,
Exercise,
TowerBrook Capital Partners,
SEC filing,
Sale,
Prospectus,
KULR,
SAN,
Form,
NYSE,
Security (finance) The public offering price, before the underwriter’s discount and commissions, for each share of common stock was $0.35.
Key Points:
- 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.
- The Benchmark Company, LLC acted as the sole book-running manager for the offering and Titan Partners Group, a division of American Capital Partners, LLC acted as the co-manager.
- A preliminary prospectus supplement and accompanying prospectus describing the terms of the offering has been filed with the SEC on its website at www.sec.gov .
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Wednesday, September 13, 2023
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S-3,
KULR,
SAN,
Form,
NYSE,
Security (finance) 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. All shares of common stock in the underwritten public offering are to be sold by the Company. The Company expects the gross proceeds from this offering, led by participation from KULR Chief Executive Officer Michael Mo, to be approximately $2.5 million, before deducting the underwriting discount and other estimated offering expenses. The Company has granted the underwriters a 30-day option to purchase up to 1,071,428 additional shares of common stock. The Company expects to close the offering on September 15, 2023, subject to customary conditions.
Key Points:
- 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.
- All shares of common stock in the underwritten public offering are to be sold by the Company.
- The Company expects the gross proceeds from this offering, led by participation from KULR Chief Executive Officer Michael Mo, to be approximately $2.5 million, before deducting the underwriting discount and other estimated offering expenses.
- The Company has granted the underwriters a 30-day option to purchase up to 1,071,428 additional shares of common stock.
Retrieved on:
Tuesday, September 12, 2023
Benchmark,
Titan,
TowerBrook Capital Partners,
Enterprise file synchronization and sharing,
Sale,
Prospectus,
S-3,
KULR,
SAN,
Form,
NYSE,
Security (finance) SAN DIEGO, Sept. 12, 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.
Key Points:
- SAN DIEGO, Sept. 12, 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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Thursday, August 31, 2023
Lithium,
National Aeronautics and Space Act,
Partnership,
Cell,
USD,
KULR,
NASA,
SAN,
Federation,
Research,
NYSE,
Safety,
Mobile phone According to Straits Research , the global battery cell testing market was valued at USD 5 billion in 2021 and is anticipated to reach USD 7 billion by 2030.
Key Points:
- According to Straits Research , the global battery cell testing market was valued at USD 5 billion in 2021 and is anticipated to reach USD 7 billion by 2030.
- In collaboration with NASA, KULR specializes in the evaluation of battery cells vital for manned space missions.
- This project signifies another key development in the strategic partnership between KULR and NASA, reinforcing KULR's role as a crucial player in aerospace energy management and battery safety.
- This endeavor has also paved the way for further collaborative efforts within the sector, focused on advancing battery design and safety measures.
Retrieved on:
Wednesday, August 30, 2023
SAN DIEGO, Aug. 30, 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 extended the initial tranche of its Note repayment to Yorkville to September 22, 2023.
Key Points:
- SAN DIEGO, Aug. 30, 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 extended the initial tranche of its Note repayment to Yorkville to September 22, 2023.
- Michael Mo, KULR CEO, commented: "During this period of ongoing discussions with Yorkville Advisors, we appreciate their willingness to grant an extension to the Company's outstanding Note.
- In the interim, this allows management to continue to focus on operations and execution of its growth initiatives.”
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Thursday, August 17, 2023
SAN DIEGO, Aug. 17, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced the decision to withdraw a proposed underwritten public offering.
Key Points:
- SAN DIEGO, Aug. 17, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced the decision to withdraw a proposed underwritten public offering.
- KULR has recently seen significant fluctuations in its stock price, giving management pause in its decision to move forward with the proposed offering.
- KULR’s CEO Michael Mo commented, “KULR's management felt strongly that it would not be in the best interest of the shareholders to proceed with an offering at this time.”
The offering was being made pursuant to the shelf registration statement on Form S-3 (File No.
- 333-257697), including a base prospectus, filed with the U.S. Securities and Exchange Commission on July 6, 2021 and declared effective on July 13, 2021.
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Wednesday, August 16, 2023
Benchmark,
Telephone,
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Enterprise file synchronization and sharing,
Sale,
Prospectus,
KULR,
SAN,
Form,
NYSE,
Security (finance) SAN DIEGO, Aug. 16, 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.
Key Points:
- SAN DIEGO, Aug. 16, 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.
