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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. (OTCQB: KULR) has appointed Antonio Martinez as the new Vice President of Operations. With over 37 years of experience in Electronics Manufacturing, including a role at Jabil, Martinez will oversee the company's manufacturing department and support its growth strategies. His extensive background includes project management and process improvement. He expressed enthusiasm about leading operations in his hometown of San Diego, aiming to establish a world-class manufacturing operation.
KULR Technology Group (OTCQB: KULR) announced that CEO Michael Mo will present at the Benzinga Cleantech Small Cap Conference on April 22, 2021, at 9:50 AM ET. Following his presentation, he will participate in a panel discussion about the future of electric vehicles. Mo will overview the company's technology solutions, market opportunities, and recent developments. The conference aims to showcase small cap companies leading in clean tech and sustainable practices, promoting green energy and innovation.
KULR Technology Group is expanding its manufacturing capabilities by moving to a larger facility in San Diego, CA, effective May 1, 2021. This strategic move reflects the company's commitment to enhance production and commercialize its advanced thermal management technologies. The new facility aims to improve operational efficiencies and foster collaboration among partners. KULR's President emphasized that this expansion aligns with their ongoing efforts to uplist to a U.S. senior exchange, further showcasing their growth trajectory.
KULR Technology Group congratulates the Andretti United Extreme E team for winning the Crazy Race semifinal and securing second place in the inaugural Desert X Prix in Saudi Arabia, held on April 3-4, 2021. This new all-electric racing format emphasizes sustainability, with the top teams facing challenging conditions. Michael Andretti praised the team's performance, while KULR CEO Michael Mo highlighted the excitement surrounding the Extreme E series. KULR serves as the official thermal management and battery safety provider for Andretti United, illustrating their commitment to innovation in motorsport.
KULR Technology Group (OTCQB:KULR) reported a remarkable 298% increase in revenue for Q4 2020, driven by growth in aerospace and government sectors. Gross margins improved significantly from 48% to 80% year-over-year. Additionally, shareholder equity surged from a deficit of $525,612 to a surplus of $6,118,552 within the same period. The company hosted a conference call on March 29, 2021, to discuss these results, which are available for replay on their website.
KULR Technology Group Inc. (OTCQB: KULR) announced its role as the official thermal management and battery safety provider for Andretti United Extreme E ahead of the inaugural all-electric SUV Off-Road Racing Series starting April 2, 2021, in Saudi Arabia. This partnership emphasizes KULR's commitment to developing sustainable battery solutions, aligned with Extreme E's focus on climate action and sustainability. KULR's expertise in thermal management, honed through work on NASA projects, will support the series’ eco-friendly initiatives.
KULR Technology Group (OTCQB:KULR) reported impressive financial results for Q4 2020, with revenues surging by 298% to $208,488, mainly driven by growth in aerospace and government sectors. The company raised $8 million in gross proceeds, significantly improving shareholder equity from a deficit to $6.1 million. Despite higher SG&A expenses of $776,635, gross margins rose from 48% to 80%. KULR established strategic partnerships, including with Andretti Technologies, and enhanced governance with new board members, aiming for uplisting on a national exchange.
KULR Technology Group (OTCQB: KULR) has formed a long-term partnership with Andretti Technologies to enhance battery safety and thermal management for high-performance applications, particularly in the racing and electric vehicle sectors. This collaboration aims to integrate KULR's advanced thermal management solutions, proven in aerospace, into the automotive world, enhancing performance and safety. KULR's passive propagation resistant packaging will be pivotal in preventing thermal runaway in batteries, thereby contributing to sustainable battery management. This strategic alliance positions both companies to leverage new technologies in a competitive market.
KULR Technology Group (OTCQB:KULR) announced CEO Michael Mo will present at two investor conferences from March 15-19, 2021. The 33rd Annual Virtual ROTH Conference runs from March 15-17, and the 2021 Emerging Growth Virtual Conference occurs from March 17-19. Mo will discuss the company's advanced lithium-ion battery technologies, market opportunities, and growth strategies. Investors can access presentations online and request 1x1 meetings. KULR specializes in carbon fiber thermal management technologies for various sectors, including aerospace and electric vehicles.
KULR Technology Group has appointed Keith Cochran as President and COO, bringing over 25 years of experience in operations and management. Cochran previously led Jabil's $3.7 billion smartphone division in Asia, managing over 65,000 employees. His role at KULR focuses on enhancing operational efficiency and scaling manufacturing processes. The company aims to leverage Cochran's international manufacturing expertise and strategic growth initiatives to expand its carbon fiber thermal management technologies for various industries, including aerospace and electric vehicles.
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