KULR Technology Group, Inc. - KULR STOCK NEWS

KULR Technology Group (NYSE: KULR) announced a conference call on May 16, 2022, at 4:30 PM ET to discuss Q1 financial results. The call will follow a press release detailing these results. KULR, known for its lithium-ion battery safety technologies, plans to summarize its performance and engage in a Q&A session post-call.

Interested parties should dial in 10 minutes early. A replay will be available on the KULR website.

KULR Technology Group (NYSE American: KULR) announced its participation in the 7th Annual Oppenheimer Emerging Growth Conference on May 10, 2022. CEO Michael Mo will engage in virtual 1-on-1 meetings with investors. KULR specializes in next-generation lithium-ion battery safety and thermal management technologies, enhancing product safety for various industries including aerospace and electric vehicles. Interested parties can contact Gateway Investor Relations for additional information or to schedule meetings.

KULR Technology Group (KULR) announced its participation as a Gold Sponsor at the Energy Storage Systems Safety & Reliability Forum on May 4-5, 2022. Dr. William Walker, KULR's Director of Engineering, will present on battery safety during the event. The forum focuses on energy storage safety and reliability, highlighting the risks associated with thermal runaway in energy storage systems. KULR aims to share innovative solutions drawn from its engineering expertise, enhancing the safety of batteries in diverse sectors including aerospace and electric vehicles.

KULR Technology Group secured a significant contract with NASA to test lithium-ion cells for upcoming missions under the Artemis Program. The cells must meet NASA's EP-WI-037 certification for manned flights. KULR's advanced testing capabilities process up to 10,000 lithium-ion cells weekly, preparing them for automated tests essential for mission readiness. The company is optimistic about future testing awards through 2022, reinforcing its commitment to enhancing battery safety for space missions.

KULR Technology Group, Inc. (NYSE American: KULR) has secured three additional contracts with U.S. Department of Defense prime contractors for their carbon fiber cathode solution, aimed at enhancing high-power magnetic and covert pulse weaponry initiatives. These cathodes, known for their superior thermal absorption, can be customized for various applications, including microwaves and lasers. KULR's President, Keith Cochran, expressed pride in supporting U.S. Armed Forces through these technological advancements and anticipates further awards throughout 2022.

KULR Technology Group (KULR) reported a remarkable 267% revenue increase in Q4 2021, reaching $766,000, and a 287% growth for the full year, totaling $2.4 million. The company achieved a 70% gross margin in Q4, although down from 76% year-over-year. Significant investments were made in R&D and SG&A, leading to a Q4 operating loss of $4 million and a full-year net loss of $11.9 million. Cash reserves rose to $14.9 million, supporting future growth initiatives in battery safety and thermal management. KULR is focused on expanding in energy storage and mobility sectors.

KULR Technology Group has appointed Dr. William Walker as the new Director of Engineering, enhancing its thermal management capabilities for high-performance computing and hypersonic vehicles. Dr. Walker, previously a NASA Battery Thermal Engineer, brings expertise in lithium-ion battery safety and thermal management. His leadership is expected to propel KULR's development of battery safety technologies, particularly the Fractional Thermal Runaway Calorimeter. Michael Carpenter, the VP of Engineering, emphasized that Dr. Walker's experience will play a vital role in advancing KULR's engineering initiatives.

KULR Technology Group (NYSE American: KULR) announced its participation in three upcoming conferences in March 2022. The conferences include the 34th Annual Roth Conference in Dana Point, CA (March 13-15), A.G.P.’s Battery Metals Revolution Day (March 16), and the 39th International Battery Seminar in Orlando, FL (March 28-31). CEO Michael Mo will represent the company at these events. KULR specializes in lithium-ion battery safety and thermal management technologies, with applications in aerospace, electronics, and electric vehicles.

KULR Technology Group (NYSE American: KULR) will hold a conference call on March 17, 2022, at 4:30 p.m. ET to discuss its fourth-quarter and full-year financial results for 2021. The financial results will be released prior to the call. Interested parties can join by calling 857-232-0157, access code 422095. A replay will be available on KULR’s website.

As a key player in lithium-ion battery safety and thermal management, KULR continues to support industries including aerospace, electronics, and electric vehicles. For more info, visit www.KULRTechnology.com.