KULR Technology Group, Inc. - KULR STOCK NEWS

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.

KULR Technology Group (NYSE: KULR) has announced plans to launch its KULR ONE Space (K1S) battery via SpaceX rideshare mission in 2026. The mission will integrate multiple K1S battery configurations into a 6U SmallSat, featuring cells from leading manufacturers like LG, Samsung, Amprius, and MOLICEL. The K1S is the first commercial-off-the-shelf lithium-ion battery designed to comply with NASA's JSC 20793 safety standard.

The mission will showcase KULR's new battery management system architecture and demonstrate cell performance in orbital environments. This initiative targets the space battery market, expected to grow from $3.9B to $6.35B by 2030. The K1S batteries incorporate passive propagation resistance and flame-arresting technology, aiming to deliver safer, higher-performing systems at reduced costs compared to traditional 20793-compliant batteries.

KULR Technology Group announces plans to launch its KULR ONE Space (K1S) battery via Exolaunch on a SpaceX rideshare mission in 2026. The mission will integrate multiple K1S battery configurations into a 6U SmallSat, demonstrating the first commercial-off-the-shelf lithium-ion battery series compliant with NASA's JSC 20793 safety standard.

The K1S variations will feature 18650 cells from leading manufacturers including LG, Samsung, Amprius, and MOLICEL. The mission will showcase KULR's new battery management system and ultra-low-temperature performing cells capable of operating at -60°C without integrated heaters. This initiative targets a space battery market expected to grow from $3.9B to $6.35B by 2030.

KULR Technology Group (NYSE: KULR) has launched its innovative KULR Xero Vibe™ (KXV) solution integrated with the NVIDIA Jetson edge AI platform. The integration combines vibration mitigation with AI capabilities for edge computing applications. Key features include advanced vibration reduction, seamless AI integration, and durability in harsh environments.

The solution targets multiple sectors including data centers, wind turbines, bitcoin mining, robotics, and aerospace. The edge AI market is projected to grow from $24.05 billion in 2024 to $356.84 billion by 2035, at a CAGR of 27.786%.

The integration aims to address operational challenges such as vibration suppression, cooling system performance, energy consumption, and mechanical lifespan extension in edge AI environments.

KULR Technology Group has announced the integration of its KULR Xero Vibe™ (KXV) solution with the NVIDIA Jetson edge AI platform. This integration combines vibration mitigation with AI capabilities for enhanced edge computing applications. The solution features advanced vibration reduction technology, seamless AI integration, and durability for harsh environments.

The edge AI market is projected to grow from $24.05 billion in 2024 to $356.84 billion by 2035, with a CAGR of 27.786%. The KXV solution targets multiple industries including data centers, wind-powered turbines, Bitcoin mining, robotics, and aerospace applications, offering benefits such as improved cooling system efficiency, extended mechanical lifespans, and reduced energy consumption.

KULR Technology Group (NYSE American: KULR) has announced its Board's decision to incorporate bitcoin (BTC) as a primary asset in its treasury program. With over $12 million in current cash reserves, the company plans to allocate up to 90% of its surplus cash to BTC investments. The strategy will be implemented based on market conditions and cash flow requirements, maintaining flexibility for adjustments as needed.

CEO Michael Mo emphasized that bitcoin's global acceptance is in early stages, citing its potential as a hedge against geopolitical, inflationary, and macro-economic trends. The company views this treasury strategy as a means to strengthen its financial position while expanding operations.