Welcome to our dedicated page for KULR Technology Group news (Ticker: KULR), a resource for investors and traders seeking the latest updates and insights on KULR Technology Group stock.
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 has appointed Dr. William Walker as the new Chief Technology Officer, effective immediately. Dr. Walker will lead the engineering team in developing energy management solutions and expanding KULR's market presence. His experience includes co-inventing patented technology for NASA and expertise in lithium-ion battery systems. Dr. Timothy Knowles, the company's co-founder, will transition to the Board of Directors. The company focuses on electrification in the circular economy and aims to commercialize its renewable energy solutions.
KULR Technology Group (KULR) announced its participation in several upcoming conferences in November 2022, emphasizing its commitment to battery safety and management. Key events include the Lithium SAFE Battery Safety Workshop (Nov 1-3), SAE G-27 Lithium Battery Packing Performance Committee Meeting (Nov 8-11), and SEMI-THERM Thermal Technologies Workshop (Nov 8-10). Each conference will feature presentations from KULR, focusing on its innovative solutions for battery safety and management, contributing to the electrification of the circular economy.
KULR Technology Group (NYSE American: KULR) has announced a strategic partnership with Gamma Technologies to integrate the GT-SUITE multi-physics simulation platform into its product offerings. This collaboration aims to enhance KULR's capabilities in developing next-generation battery designs for the eVTOL and EV markets. The integration will allow KULR's engineering team to utilize advanced simulation for optimized battery solutions, ensuring customer access to cutting-edge technology.
KULR Technology Group (NYSE American: KULR) has begun Phase 2 development of its passive propagation resistant (PPR) battery systems for Lockheed Martin following a successful Phase 1 trial in November 2021. Testing started in Summer 2022, utilizing KULR’s bomb calorimeter and data from the Fractional Thermal Runaway Calorimeter (FTRC), which is licensed from NASA. These advancements are aimed at enhancing battery safety and performance, crucial for defense and commercial applications.
KULR Technology Group (NYSE American: KULR) announces a conference call scheduled for November 9, 2022, at 4:30 PM ET to discuss financial results for Q3 2022. The call will follow a press release detailing the financial outcomes. Interested parties can join via U.S. dial-in at 855-459-0165 with access code 361411, or participate through the company's webcast. KULR specializes in energy management solutions and advanced thermal management technologies, contributing to a sustainable circular economy.
KULR Technology Group, Inc. (NYSE American: KULR) announced a production prototype order for its KULR SafeCase, a safe and reusable battery transport solution, from a leading power tool manufacturer. The SafeCase is designed for lithium-ion batteries and is the only product approved by the U.S. Department of Transportation for managing batteries up to 2.5 kWh. Its selection was attributed to special permits, cost-effective design, and safety capabilities, aligning with the manufacturer's focus on sustainability and safety in battery transportation.
KULR Technology Group (NYSE American: KULR) has announced a partnership with Marco Andretti, who will serve as a Brand Ambassador and drive the No. 98 KULR Technology Honda in the 2023 Indy 500. This collaboration continues KULR's alliance with Andretti Technologies, focusing on advanced thermal management and battery safety solutions, enhancing performance and risk mitigation in motorsports. KULR also unveiled its AI-driven vibration reduction solution, KULR VIBE, aimed at various sectors including motorsports and renewable energy. The partnership aims to strengthen KULR's positioning in the electrification of the circular economy.
KULR Technology Group, Inc. (NYSE: KULR) will participate in the upcoming Equip Expo, showcasing its SafeCase product and a range of battery safety technologies. The event runs from October 18-21, 2022, with KULR's booth featuring Indy 500 car along with a meet-and-greet with Marco Andretti on October 20, 2022, from 2 p.m. to 4 p.m. EDT. The expo focuses on innovation in the electrification of the outdoor power equipment market, highlighting KULR's position in the energy management space.
KULR Technology Group has announced its acquisition of VibeTech, enhancing its position as a vertically integrated energy management company. This move is aimed at accelerating the electrification of the circular economy. The newly launched KULR VIBE technology offers AI-driven vibration reduction solutions, addressing the energy losses caused by machinery vibrations. With a projected growth in the global vibration motor market from USD 6.5 billion in 2022 to USD 24.1 billion by 2032, this acquisition positions KULR for significant market expansion and efficiency improvements.
KULR Technology Group (NYSE American: KULR) has secured an initial deployment order exceeding $500,000 from a prominent Department of Defense contractor. This order is aimed at supporting an Air-to-Air Missile program, with potential future orders worth millions anticipated over the next year. The deployment will deliver KULR's advanced thermal management technologies for use in spacecraft components and instruments aligned with national defense and commercial space applications. KULR emphasizes its commitment to the aerospace and defense sectors as critical growth areas.
FAQ
What is the current stock price of KULR Technology Group (KULR)?
What is the market cap of KULR Technology Group (KULR)?
What does KULR Technology Group Inc specialize in?
What sets KULR's thermal management technology apart?
What recent partnership has KULR Technology Group Inc been involved in?
How does KULR Technology Group Inc aim to revolutionize the thermal management industry?
What is KULR Technology Group Inc's vision for the future?
