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KULR Technology Group Inc is a leading energy management platform company that focuses on developing and commercializing high-performance thermal management technologies for electronics, batteries, and other components. The company aims to revolutionize the $7.5 billion thermal management industry by offering carbon fiber-based architecture that replaces less efficient aluminum and copper heat spreaders and exchangers. KULR's proprietary carbon fiber thermal interface materials provide higher performance, lower contact pressure, higher compliance, and longer reliability compared to traditional materials. The company is actively involved in partnerships, such as the recent contract with BRP, to advance its thermal management solutions for e-mobility products and regulatory compliance.
KULR Technology Group (NYSE: KULR) has partnered with Scripps Research Institute's Baran Lab to develop an innovative pyrolytic carbon (PC) electrode material for synthetic organic electrochemistry. The new material offers a cost-effective and robust alternative to traditional carbon materials like reticulated vitreous carbon (RVC) and glassy carbon (GC).
The PC electrodes are manufactured using a proprietary chemical vapor deposition (CVD) process, making large-scale synthesis more economical. The material demonstrates exceptional performance in various electrochemical reactions, including rapid alternating polarity Kolbe couplings, and features superior mechanical strength and reusability compared to traditional RVC electrodes.
This advancement aims to revolutionize the production of pharmaceuticals, polymers, and sustainable materials by making advanced electrochemical techniques more accessible and economical for researchers and industries worldwide.
KULR Technology Group has increased its Bitcoin Treasury by an additional $8 million, reaching a total of $50 million in bitcoin acquisitions. The company now holds 510 BTC, purchased at a weighted average price of $101,695 per bitcoin. This aligns with KULR's December 2024 strategy to hold up to 90% of surplus cash reserves in bitcoin.
The company has achieved a BTC Yield of 127% year to date, using surplus cash and its At-The-Market equity program. KULR uses BTC Yield as a key performance indicator, calculated as the percentage change in the ratio of bitcoin holdings to Assumed Fully Diluted Shares Outstanding. The company emphasizes that BTC Yield should not be interpreted as a measure of operating performance or financial return.
KULR Technology Group has expanded its Bitcoin Treasury with an additional $8 million investment, bringing total bitcoin acquisitions to $50 million. The company now holds 510 BTC, purchased at a weighted average price of $101,695 per bitcoin, including fees and expenses.
This expansion aligns with KULR's Bitcoin Treasury Strategy announced on December 4, 2024, which committed up to 90% of surplus cash reserves to bitcoin holdings. The company reports a 127% BTC Yield year to date, achieved through a combination of surplus cash and its At-The-Market (ATM) equity program.
KULR introduces 'BTC Yield' as a key performance indicator, calculated as the percentage change in the ratio of bitcoin holdings to Assumed Fully Diluted Shares Outstanding. The company emphasizes that BTC Yield should not be interpreted as a measure of operating performance, financial return, or liquidity.
KULR Technology Group (NYSE: KULR) has signed a multi-million-dollar licensing agreement for advanced carbon fiber cathode applications in nuclear reactor systems in Japan. The technology will be applied to laser-based nuclear fusion systems and small modular reactors (SMRs), offering enhanced safety and heat dissipation capabilities.
The agreement comes amid growing energy demands from data centers, particularly driven by AI applications. According to Goldman Sachs, data center energy demand is projected to double by 2030, currently representing 1-2% of global demand. The U.S. Department of Energy projects global electricity use to rise by up to 75% by 2050.
The combined electricity consumption of Amazon, Microsoft, Google, and Meta more than doubled between 2017 and 2021 to about 72 terawatt-hours (TWh). Nuclear power is emerging as a preferred solution to meet these growing energy demands, particularly for AI and high-performance computing applications.
KULR Technology Group (NYSE: KULR) has signed a multi-million-dollar licensing agreement for advanced carbon fiber cathode applications in nuclear reactor systems in Japan. The licensed technology is engineered for critical use in nuclear reactors, offering enhanced safety, superior heat dissipation, and structural integrity.
The license will be applied to laser-based nuclear fusion systems and small modular reactors (SMRs), targeting a rapidly emerging technology sector. The agreement positions KULR in Japan's nuclear technology market and the broader Asian region. This development aligns with projected trends, as data center energy demand is expected to double by 2030, with global electricity use potentially increasing by 75% by 2050.
KULR Technology Group has announced a collaboration with the U.S. Army to evaluate its KULR VIBE system for vibration reduction on AH-64E Apache and UH-60 Black Hawk helicopters. The 12-month study, starting in 2025 at McEntire Joint National Guard Base, aims to assess the system's potential in enhancing operational efficiency and safety.
The US military aircraft market is projected to grow from $18.26 billion in 2024 to $29.27 billion by 2034, with a CAGR of 4.81%. KULR's previous success includes work with the U.S. Marine Corps on the AH-1Z Viper, which prevented the premature retirement of a $39 million asset and reduced over 2,000 hours of troubleshooting time.
KULR Technology Group (NYSE: KULR) has announced a collaboration with the U.S. Army to evaluate its KULR VIBE system for vibration reduction on AH-64E Apache and UH-60 Black Hawk helicopters. The planned 12-month study, beginning in 2025 at McEntire Joint National Guard Base with the South Carolina National Guard, aims to assess the system's capability to enhance operational efficiency and safety.
The evaluation will focus on improving vibration standards, streamlining track and balance operations, reducing maintenance costs, and enhancing aircraft longevity. KULR has previously demonstrated success with the U.S. Marine Corps, where their solution for the AH-1Z Viper helped avoid premature retirement of a $39 million asset and reduced over 2,000 hours of troubleshooting time.
KULR Technology Group has completed a significant cryptocurrency investment, purchasing 217.18 Bitcoin (BTC) for approximately $21 million at an average price of $96,556.53 per BTC. This move follows their December 4th announcement of a Bitcoin Treasury strategy, planning to allocate up to 90% of surplus cash to BTC. The company has selected Coinbase's Prime platform for custody services.
This strategic investment aligns with a broader trend of publicly traded companies incorporating cryptocurrency into their financial strategies. The trend gains momentum as Bitcoin reaches new all-time highs, influenced by potential future policy changes and increasing institutional adoption, exemplified by MicroStrategy's recent inclusion in the Nasdaq 100 index.
KULR Technology Group has purchased 217.18 Bitcoin (BTC) for approximately $21 million, with an average price of $96,556.53 per BTC. This acquisition follows the company's December 4th announcement of its Bitcoin Treasury strategy, which outlined plans to allocate up to 90% of surplus cash to BTC. The company has selected Coinbase Prime platform for custody, USDC, and self-custodial wallet services. This purchase marks the first of ongoing BTC acquisitions KULR intends to make in the future.
KULR Technology Group (NYSE American: KULR) has successfully regained compliance with all NYSE American continued listing standards, as confirmed by official notice from the Exchange. The company had previously been cited for non-compliance with Sections 1003(a)(i), (ii) and (iii) of the NYSE American Company Guide on December 20, 2023. KULR demonstrated compliance for two consecutive quarters, leading to the removal of the below compliance ('.BC') indicator on December 17, 2024. The company has been removed from the Exchange's list of noncompliant issuers and will continue under standard listing monitoring procedures.
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