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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, Inc. (NYSE American: KULR) reported strong preliminary financial results for Q4 2022, with estimated revenues of $1.81 million, marking a 137% increase from the previous year. The company achieved a gross margin of 80%, up from 70% year-over-year. Key operational highlights include securing an initial order exceeding $500,000 from a top-tier defense contractor, and collaborating with Lockheed Martin on battery safety testing. KULR also entered partnerships to enhance battery safety technology and launched a new vibration reduction service, KULR VIBE, demonstrating its commitment to innovation in energy management.
KULR Technology Group announced the issuance of United States Patent 11502352, enhancing its intellectual property portfolio related to its SafeCase products designed for safe lithium-ion battery storage and transportation. This patent marks the fourth issued for KULR’s Thermal Runaway Shield (TRS) technology. The company has also secured special permits from the Department of Transportation, expanding its market reach. The global lithium-ion battery market is projected to grow at a CAGR of 13.1%, reaching $135.1 billion by 2031.
KULR Technology Group (NYSE American: KULR) has announced the retention of Integrous Communications as its investor relations advisor to enhance investor reach and corporate communications. CEO Michael Mo emphasized the aim to improve communication of corporate and operational progress to shareholders, leveraging Integrous's extensive experience in investor relations. The partnership will focus on communicating financial and investor developments effectively within capital markets. KULR specializes in energy management solutions and thermal management technologies for batteries, targeting a sustainable electrification economy.
KULR Technology Group, a leading energy management platform, will participate in notable conferences in February 2023. The company will attend the Intersolar North America and Energy Storage North America Conference from February 14-16 in Long Beach, CA, showcasing its advancements in solar and energy storage. Additionally, KULR will join Baird's Vehicle Technology & Mobility Conference on February 15, focusing on vehicle electrification and mobility. These events aim to facilitate networking and provide insights into the energy transition, aligning with KULR's mission to enhance efficiency in sustainable electrification.
KULR Technology Group (NYSE American: KULR), a leader in energy management solutions, will showcase its KULR VIBE products at the 2023 Autonomous VTOL Technical Meeting from January 24-26, 2023, in Mesa, Arizona. This event, celebrating its 10th year, focuses on advancements in electric vertical takeoff and landing (eVTOL) aircraft and related technologies. KULR VIBE utilizes AI-driven software to mitigate vibrations, enhancing battery efficiency and longevity in various sectors, including aviation and renewable energy. Interested customers can arrange demonstrations for tailored solutions to vibration challenges.
KULR Technology Group (NYSE: KULR) is set to participate virtually in the 25th Annual Needham Growth Conference on January 12, 2023. CEO Michael Mo will engage in one-on-one meetings with qualified institutional investors, aiming to strengthen investor relations and showcase the company's commitment to advancing energy management solutions.
As a leader in the electrification economy, KULR focuses on innovative carbon fiber thermal management technologies for batteries and electronic systems, promoting sustainability and efficiency.
KULR Technology Group (NYSE American: KULR) has partnered with Theory Racing, a leading Enduro racing team, to enhance battery safety technology for e-bikes. This collaboration follows the upcoming launch of KULR's new modular energy storage platform, KULR ONE, at CES 2023. The partnership aims to leverage NASA-proven thermal management solutions to optimize battery performance in e-bikes. The global battery management system market is projected to exceed USD 35.14 billion by 2030, growing at a CAGR of 21.22%.
KULR Technology Group, a leader in energy management, will introduce its new modular energy platform, KULR ONE, at CES 2023 (Jan. 5-8). The company will showcase its cutting-edge solutions, including KULR VIBE, SafeCase, and CellCheck, at booth #6357 in Las Vegas. Notable racing legends Mario and Marco Andretti will participate in meet-and-greets at the booth, promoting KULR's sponsorship of the Indy 500. Visitors can enter a raffle for tickets to the event. KULR aims to drive sustainability and efficiency in the electrification economy.
KULR Technology Group has announced a significant annual subscription agreement with an American-based helicopter operator to deliver global maintenance support for its extensive fleet of over 250 helicopters. This contract enables the operator to use KULR's proprietary AI-driven vibration reduction solution, KULR VIBE, which helps mitigate excessive vibrations, improving operational efficiency and safety. This agreement follows KULR's successful diagnostic work on military helicopters, underscoring its role in enhancing flight readiness across various aviation sectors.
KULR Technology Group (NYSE American: KULR) has launched its CellCheck Battery Monitoring System on Azure Cloud, enhancing battery safety and performance through real-time data analysis. This next-generation technology captures critical battery information, enabling users to monitor health remotely. KULR’s CellCheck aims to tap into the $44 billion lithium-ion battery market. The company will showcase this innovative solution at the 2023 Consumer Electronics Show in Las Vegas from January 5-8, 2023.
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