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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.
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KULR Technology Group, a leader in sustainable energy management, reported a 146% increase in revenue for 2023, reaching $9,830,166. The company expanded its customer base, secured significant contracts with industry leaders, and received special permits for its SafeX product suite. However, the net loss increased to $23,693,556, and cash balances decreased to $1,194,764.
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KULR Technology Group, Inc. successfully delivers custom-designed KULR ONE battery packs to the United States Army, achieving an 80% improvement in UPS run times. The specialized packs enhance propagation resistance and minimize size and weight, supporting the Army's modernization efforts for future command posts.
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KULR Technology Group, Inc. announces a significant expansion in the application of its SafeCASE technology by partnering with a leading eVTOL manufacturer. The partnership showcases KULR's adaptability and growth in the electric aviation sector, emphasizing battery safety and efficiency.
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KULR Technology Group, Inc. partners with H55 Inc. to enhance safety in electric aviation, contributing to the growing Electric Aircraft Market projected to reach $37.2 billion by 2030. The collaboration aims to align with EASA's safety protocols and demonstrates KULR's commitment to advancing energy management solutions in the industry.
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KULR Technology Group partners with H55 Inc. in a $1 million commitment to enhance electric propulsion systems for industry giants like Pratt & Whitney. KULR's Thermal Runaway Shield technology ensures compliance with EASA safety standards, driving innovation in electric aviation. The global hybrid aircraft market is projected to reach USD 13.2 billion by 2030, offering substantial growth opportunities.
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KULR Technology Group, Inc. to Discuss Financial Results in Conference Call on April 12, 2024
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KULR Technology Group, Inc. announced the retirement of all outstanding debt owed to Yorkville Advisors, marking a significant step for the company. The CEO highlighted the positive impact of this move on the company's financial position and future growth, emphasizing the shift towards the KULR ONE Design Solutions platform.
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KULR Technology Group, Inc. secures a six-figure contract from Lockheed Martin for developing phase change material heat sinks crucial for thermal regulation in long-range precision missiles. The global defense market is booming, with the MMDS market valued at $45.2 billion in 2023, driving KULR's expansion in the defense sector.
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KULR Technology Group, Inc. announces a significant contract from Lockheed Martin for developing PCM heat sinks for long-range precision missiles. The contract highlights KULR's expertise in thermal management and its innovative cooling solutions for critical onboard systems.
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KULR Technology Group, Inc. receives a $1.81 million purchase order from the U.S. Army for next-gen battery solutions, marking the final phase of the project by August 2024. The order includes two prototypes tailored for the Army's operational demands, showcasing KULR's advanced energy management platform. CEO Michael Mo emphasizes the commitment to excellence and innovation in enhancing military capabilities.
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FAQ
What is the current stock price of KULR Technology Group (KULR)?
The current stock price of KULR Technology Group (KULR) is $0.4451 as of November 22, 2024.
What is the market cap of KULR Technology Group (KULR)?
The market cap of KULR Technology Group (KULR) is approximately 92.8M.
What does KULR Technology Group Inc specialize in?
KULR specializes in developing and commercializing high-performance thermal management technologies for electronics, batteries, and other components.
What sets KULR's thermal management technology apart?
KULR's proprietary carbon fiber-based architecture provides superior thermal interface materials that offer higher performance, lower contact pressure, higher compliance, and longer reliability compared to traditional materials like aluminum and copper.
What recent partnership has KULR Technology Group Inc been involved in?
KULR recently secured a contract with BRP for testing services related to thermal runaway management, showcasing the company's commitment to advancing battery safety in the e-mobility market.
How does KULR Technology Group Inc aim to revolutionize the thermal management industry?
By offering carbon fiber-based solutions that are more environmentally sustainable and efficient than traditional materials, KULR is positioned to revolutionize the $7.5 billion thermal management industry.
What is KULR Technology Group Inc's vision for the future?
KULR aims to play a critical role in accelerating the electrification of the circular economy by providing energy management solutions that prioritize efficiency and sustainability.
KULR Technology Group, Inc.
NYSE:KULR
KULR Rankings
KULR Stock Data
92.85M
179.45M
17.47%
4.98%
3.66%
Electronic Components
Electronic Components & Accessories
United States of America
SAN DIEGO