Welcome to our dedicated page for Kulr Technology news (Ticker: KULR), a resource for investors and traders seeking the latest updates and insights on Kulr Technology stock.
Company Overview
KULR Technology (NYSE American: KULR) is an innovative force in the field of thermal management and energy storage solutions, harnessing the power of advanced carbon fiber-based materials to address critical heat dissipation and vibration mitigation challenges in modern electronics and energy systems. As industries demand ever-increasing processing performance and miniaturization, KULR provides disruptive, game-changing technology that keeps electronics cooler, lighter, and safer. Employing high-performance thermal interface materials, the company is redefining standards within the electronics, automotive, aerospace, defense, and space sectors.
Thermal Management Innovations
At the heart of KULR's innovations is its proprietary carbon fiber-based architecture, which challenges the conventional reliance on aluminum and copper for heat spreaders and exchangers. This modern approach not only improves thermal performance by delivering superior heat dissipation and lower contact pressure but also offers increased compliance and reliability in demanding environments. Thermal management technology is essential in sectors ranging from electric vehicles and autonomous systems to edge computing and artificial intelligence (AI), all of which depend on maintaining optimal operating temperatures to ensure longevity and efficiency.
Advanced Energy Storage and Battery Solutions
KULR Technology is equally adept in developing high-performance energy storage systems, integrating next-generation battery design and comprehensive testing methodologies. The company’s holistic design philosophy allows for rapid deployment of commercial-off-the-shelf as well as custom solutions tailored for challenging environments such as space, aerospace, and defense applications. By engineering battery solutions that comply with rigorous safety and performance standards, KULR enables safer and more efficient power storage, a critical factor in preserving electronic and operational integrity in the most sensitive applications.
Applications Across Industries
KULR's technology portfolio spans a multitude of high-tech markets. In the automotive sector, its innovations support electric and autonomous vehicles by ensuring that critical components remain within safe thermal limits under variable operating conditions. In the realm of AI, cloud computing, and energy storage, KULR’s lightweight yet high-efficiency thermal management solutions contribute to the effective cooling of data centers and edge computing devices, leading to optimal performance and reduced energy consumption.
- Electronics Cooling: Enhanced performance through reduced thermal resistance, ensuring stable operation of high-density electronics.
- Automotive and Mobility: Optimized heat management in electric vehicles, reducing weight and enhancing safety.
- Aerospace and Defense: Reliable battery and energy storage systems that meet stringent regulatory and performance standards in challenging environments.
- Space Applications: Tailored battery solutions and advanced thermal management for satellite and orbital missions, ensuring operational reliability in extreme conditions.
- Industrial and AI Integration: Deployment of thermal management solutions that synergize with high-performance AI platforms to streamline operations in edge computing and data centers.
Competitive Edge and Industry Positioning
KULR’s proprietary design not only competes effectively with traditional thermal solutions but also emphasizes sustainability and reduced environmental impact. In a market where more energy intensive and environmentally taxing materials have long been the norm, the company’s carbon fiber alternatives present a cost-effective, lighter, and more efficient solution. This technological edge positions KULR as an influential player in a multibillion-dollar industry, where its commitment to enhanced thermal performance and reliability sets it apart from competitors.
Integration with Emerging Technologies
KULR has demonstrated its ability to integrate its advanced thermal management and energy storage systems with other state-of-the-art technologies. For example, its collaboration with AI edge platforms showcases how vibration mitigation and robust cooling systems can be seamlessly paired with industrial computing devices. This integration not only supports high-performance operation but also opens up new revenue opportunities in industries that depend on rapid data processing, predictive analytics, and efficient energy use.
Research, Testing, and Quality Assurance
The company’s continuous emphasis on R&D is reflected in its comprehensive battery testing suites and in-house design capabilities. By rigorously testing cell and battery performance using advanced methodologies—such as fractional thermal runaway calorimetry and extensive impingement zone mapping—KULR ensures that each solution meets the highest standards of quality and safety. This commitment to excellence builds trust with partners in the space, aerospace, defense, and electronics industries, underpinning the company’s reputation for reliability and technical expertise.
Sustainability and Environmental Impact
KULR Technology’s approach is distinctive in its consideration of environmental impact. The company not only delivers efficient thermal management and energy storage solutions but does so using materials that are less energy intensive to produce and environmentally friendlier compared to traditional metals. By advancing the use of carbon fiber-based thermal interface materials, KULR contributes to a reduction in the overall carbon footprint of manufacturing processes, aligning performance excellence with a commitment to sustainability.
Summary of Value Proposition
In essence, KULR Technology leverages proprietary, innovative carbon fiber-based architectures to redefine thermal management and energy storage solutions across a variety of high-performance sectors. Its products are engineered for superior cooling efficacy, enhanced mechanical reliability, and safety, enabling industries to meet the increasing demands of miniaturization and electrification. With a strong foundation in research and rigorous testing, the company delivers solutions that not only bridge the gap between legacy materials and next-generation technologies but also support the advancement of robust, sustainable, and efficient operations in both terrestrial and space environments.
KULR Technology Group reported strong Q4 2024 results with revenue increasing 44% to $3.37 million year-over-year. The company achieved a significant gross margin improvement to 64% from 29% in Q4 2023. Cash position strengthened to $29.83 million, plus $20.28 million in Bitcoin holdings as of December 31, 2024.
Key operational highlights include securing contracts with the U.S. Defense sector for missile programs and the U.S. Navy for battery safety technology. KULR expanded its Bitcoin treasury strategy, holding 668.3 BTC. The company regained NYSE American compliance and formed strategic partnerships, including with EDOM Technology for AI ecosystem solutions.
For full-year 2024, revenue grew 9% to $10.74 million, while operating losses decreased to $15.23 million from $22.41 million in 2023. Net loss improved to $17.52 million ($0.09 per share) compared to $23.69 million ($0.20 per share) in 2023.
KULR Technology Group (NYSE: KULR) has expanded its Bitcoin Treasury with an additional $5 million investment, bringing total bitcoin acquisitions to $65 million. The company now holds 668.3 BTC, purchased at a weighted average price of $88,824 per bitcoin including fees.
This expansion aligns with KULR's Bitcoin Treasury Strategy announced on December 4, 2024, which allows allocation of up to 90% of surplus cash reserves to bitcoin. The company reports a BTC Yield of 181.1% year to date, achieved through a combination of surplus cash and At-The-Market (ATM) equity program funding.
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) announces that a leading private U.S. space company has selected its NASA-certified M35A battery cells for spaceflight programs. The M35A cells, already part of NASA's Artemis II mission, will be integrated into KULR's K1 Space battery (400 watt-hour), scheduled for completion and NASA safety review this month.
The M35A cells, designed to NASA's 20793 standards, feature an energy density of 214 watt-hours per kilogram at C/20 and -20°C. Following their December 2024 launch, these cells are now immediately available with full traceability, including screening data, lot numbers, and serial numbers.
KULR is actively collaborating with NASA to expand America's Strategic Battery Reserve, focusing on increasing accessibility to 20793-compliant cell formats and technologies for aerospace and defense applications.
KULR Technology Group (NYSE: KULR), a leader in advanced energy management platforms, has scheduled its Fourth Quarter and Full Year 2024 earnings conference call for Thursday, March 27th, 2025, at 4:30 p.m. Eastern time.
The company will release its financial results via press release before the call. Management will host the conference followed by a Q&A session. Shareholders can submit questions to Stuart Smith at SmallCapVoice.Com by March 21st, 2025, 5:00 p.m. ET. Questions will be filtered based on relevance to shareholders and public disclosure rules.
The earnings call requires registration, after which participants will receive dial-in details and unique access credentials. A replay will be available through KULR's Investor Relations website section.
KULR Technology Group (NYSE American: KULR) has announced that its Webster, Texas headquarters facility has achieved AS9100 certification, a globally recognized quality management standard for aerospace, defense, and aviation industries. This certification, established by the International Aerospace Quality Group (IAQG), validates KULR's structured quality management system and commitment to operational excellence.
The certification strengthens KULR's position in producing thermal solutions for aerospace and defense sectors, enhancing its ability to pursue new partnerships and expand its customer base. The company's Texas facility's proximity to NASA's Johnson Space Center supports their existing collaboration on space applications. The certification also reinforces KULR's capability to provide thermal management, vibration reduction, and battery technology solutions for defense contractors.
KULR Technology Group (NYSE: KULR) and Worksport (Nasdaq: WKSP) have announced a strategic partnership focusing on battery technology advancement and U.S. manufacturing. The collaboration encompasses three main areas: joint development of Worksport's COR Battery Pack System, AI-integrated battery management system software, and thermal runaway protection integration.
The partnership leverages KULR's K1-DS platform for performance evaluation and safety testing. Worksport's first-generation SOLIS and COR products are scheduled for release in H2 2025. Following U.S. production expansion in 2024, Worksport's revenue increased by over 450% from 2023, achieving a monthly run rate exceeding $1 million.
The portable energy system market is expected to reach $21.95-24.8 billion by 2032, with a CAGR of 16-24%. This collaboration aims to transform the $20 billion-plus portable energy market through innovation and scalable manufacturing.
KULR Technology Group has expanded its Bitcoin Treasury with an additional $10 million investment, bringing total bitcoin acquisitions to $60 million. The company now holds 610.3 BTC, purchased at a weighted average price of $103,905 per bitcoin, including fees.
This expansion aligns with KULR's Bitcoin Treasury Strategy announced in December 2024, which committed up to 90% of surplus cash reserves to bitcoin holdings. The company reports a BTC Yield of 167.3% 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 has announced a strategic partnership with EDOM Technology, an NVIDIA Channel Partner, to distribute its KULR Xero Vibe™ (KXV) and KULR ONE product lines in Taiwan's AI supply chain market. The collaboration aims to address large-scale systems cooling needs within the AI ecosystem, targeting both server and edge computing devices.
The partnership leverages EDOM's established relationship with NVIDIA and expertise in the AI supply chain. KULR has recently made significant progress in AI infrastructure support, including: a licensing partnership with a Japanese for data center cooling applications, the launch of KXV integrated with NVIDIA Jetson for edge AI applications, and a carbon fiber cathode licensing agreement for nuclear reactor systems in Japan.
This strategic move aligns with the global surge in AI infrastructure demand, particularly in Taiwan, which plays a important role in the global AI supply chain development.
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.
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