KULR Technology Group, Inc. - KULR STOCK NEWS

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.

KULR Technology Group announces immediate availability of NASA-certified M35A battery cells for JSC 20793-compliant battery packs. The 18650 cells have passed NASA's rigorous validation requirements and additional screening under WI-37. The M35A cells, featuring 214 Wh/kg energy density at C/20 and -20°C, are a key component in NASA's Artemis II mission. KULR is incorporating these cells into its proprietary 400 Wh K1 Space battery, scheduled for completion in January 2025. The company is also collaborating with NASA to expand the Strategic Battery Reserve to include larger-format cells and broader qualified technologies for aerospace and defense customers.

KULR Technology Group has secured a contract from the U.S. Navy to enhance its Internal Short Circuit (ISC) technology for higher temperature activation. The improved ISC devices, originally developed with NASA and NREL, will enable more accurate simulation of extreme conditions for battery safety testing in aviation applications. This advancement aligns with FAA and EASA safety standards, particularly benefiting electric and hybrid-electric aircraft development. The technology offers controlled thermal runaway testing in lithium-ion cells, providing important data for battery behavior under worst-case scenarios in high-stress environments.