KULR Technology Group, Inc. - KULR STOCK NEWS

KULR Technology Group has secured a significant contract to develop a specialized Phase-Change Material (PCM) heat sink for a major missile program. The custom PCM heat sink is designed to manage extreme thermal loads during mission-critical maneuvers, maintaining optimal performance of missile electronics systems. The solution will provide precise thermal regulation by absorbing and dissipating heat in a controlled manner. While specific program details remain undisclosed, this contract reinforces KULR's position in mission-critical defense applications with multi-decade production potential.

KULR Technology Group reported Q3 2024 financial results with record revenue of $3.19 million, up from $3.04 million in Q3 2023. The company achieved significant improvements with gross margin increasing to 71% from 44% year-over-year. Operating expenses decreased substantially, with SG&A dropping to $2.74 million from $4.61 million and R&D expenses reducing to $1.23 million from $1.82 million. Net loss improved to $2.00 million ($0.01 per share) compared to $5.56 million ($0.05 per share) in Q3 2023. The company secured a $2.35M licensing deal for KULR Xero Vibe technology and expanded its U.S. Army battery contract to $2.4M.

KULR Technology Group (NYSE American: KULR), a global leader in sustainable energy management, has scheduled its Third Quarter 2024 Earnings Call for Wednesday, November 13th, 2024 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time). The company will release its financial results for the quarter ended September 30, 2024, prior to the call.

KULR management will host the conference call, followed by a Q&A session. Shareholders can submit questions in advance to Stuart Smith at SmallCapVoice.Com, Inc. via email by November 7th, 2024. To join the call, participants must register using the provided link, after which they will receive dial-in details and a unique access code. A replay of the call will be available on KULR's website.

KULR Technology Group has announced a significant licensing agreement for its KULR Xero Vibe (KXV) technology, a proprietary vibration reduction solution. The $2.35M deal includes a $1.1M minimum guaranteed license and royalty fee, with additional revenue potential. The licensee, a leading Japanese , plans to use KXV technology to balance industrial-scale fan systems in data centers and other applications.

KXV technology offers substantial benefits for high-performance commercial fans, reducing vibration to near-zero levels, optimizing cooling system performance, and reducing energy consumption. This is particularly important for AI-driven data centers, where power consumption is expected to increase significantly. The technology also provides advantages such as reduced noise, increased stability, and less wear and tear on equipment.

KULR Technology Group has announced an expansion of its contract with the United States Army to $2.4M. This expanded contract includes developing additional prototypes and conducting environmental qualification testing according to MIL-STD-810E standards. KULR is on track to complete its initial engagement with the Army by Q3 2024.

The collaboration focuses on advancing silicon anode lithium-ion battery cells for demanding conditions, emphasizing increased energy density without compromising safety or reliability. This partnership is seen as a key driver for expanding KULR's innovative technologies, particularly the KULR ONE platform. The company anticipates accelerated product sales in 2025, with this Army engagement enhancing product capabilities and paving the way for broader adoption of KULR ONE.

KULR Technology Group, a leader in sustainable energy management, has released a new KULR ONE Space presentation on its website. This innovative architecture applies spaceflight and NASA safety standards to various battery shapes and sizes, designed for mission flexibility without recertification. The presentation is now available in the 'Presentations' section at www.kulrtechnology.com.

Additionally, KULR's Chief Technology Officer, Dr. Will Walker, will participate in a Reddit 'Ask Me Anything' Q&A session on Wednesday, September 18, 2024, at 11:30am ET. Interested parties can join the discussion on the r/KULR subreddit. For the latest updates, followers are encouraged to check KULR's X (formerly Twitter) account.

KULR Technology Group has secured a contract worth up to $1.5 million to supply 20793-rated battery systems to South Korea's Nara Space for their CubeSat mission aboard Artemis II. This project is part of a collaboration involving KASI and NASA. The initial contract is valued at nearly $1 million, with additional options available.

KULR's successful delivery of a 20793-rated battery to NARA in record time highlights their KULR ONE Space (K1S) architecture, which enables a four-month turnaround for a fully 20793-compliant system. This customizable solution is now available to customers seeking to accelerate their path to 20793 certification, reducing development time and enhancing cost efficiency.

The contract underscores KULR's commitment to developing advanced energy solutions for space and defense applications, leveraging existing R&D efforts to deliver a scalable battery architecture meeting rigorous safety and performance standards for human spaceflight.

KULR Technology Group (NYSE American: KULR) has released a new investor presentation on its website. The presentation offers an updated overview of the company, including:

• A refreshed list of customers and partners
• An overview of KULR's core engineering technology domains
• Information on the company's customer engagement model
• Financial updates and recent operational progress

The presentation emphasizes KULR's diversified product and service offerings for various market opportunities. Investors can access the new presentation in the 'Presentations' section of KULR's website at www.kulrtechnology.com.

KULR Technology Group, Inc. (NYSE American: KULR), a global leader in sustainable energy management, has announced significant changes in its leadership and operations. The company's President and Chief Operating Officer, Keith Cochran, has mutually agreed to resign effective August 20, 2024. In response, KULR has redistributed the oversight of daily operations among its executive management team, led by CEO Michael Mo.

Simultaneously, KULR has designated Webster, Texas, as its principal executive office, aligning with the company's accelerated strategic shift. While Webster is now KULR's largest office, the San Diego location will continue to serve as a important innovation hub. These changes reflect KULR's evolving business strategy and operational focus.