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.
Rhea-AI Summary
KULR Technology Group, Inc. collaborates with a leading U.S. automaker to enhance EV battery safety through SafeCASE™ technology. The partnership aims to address thermal runaway risks in lithium-ion batteries, emphasizing safety and innovation in the electric vehicle market. KULR's patented SafeX product line ensures secure transportation of batteries, catering to the growing demand across various industries. With a projected market size of USD 201.85 Billion by 2032, KULR is well-positioned to lead in sustainable energy management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.67%
Tags
-
Rhea-AI Summary
KULR Technology Group, Inc. secures a pivotal contract worth over $865,000 from Nanoracks, a part of Voyager Space's Exploration Segment, for developing specialized space batteries. The collaboration signifies KULR's leadership in lithium-ion battery safety and thermal management technologies, showcasing its commitment to innovation and reliability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
21.43%
Tags
-
Rhea-AI Summary
KULR Technology Group, Inc. secures Special Permits 21693 and 21704 from the US Department of Transportation for safe transportation and recycling of damaged lithium-ion batteries. The permits validate the safety and reliability of KULR's SafeCASE™ product, opening new opportunities for the company in various industries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
KULR Technology Group, Inc. receives acceptance from NYSE American for its plan to regain compliance with listing standards, granting a plan period until June 20, 2025. The Company previously faced non-compliance due to low stockholders' equity but will undergo quarterly reviews to track progress.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
KULR Technology Group, Inc. announces a groundbreaking development program to advance battery technology for space missions, partnering with a global leader in space travel. The program aims to deliver safe, reliable, and efficient battery systems tailored for the demands of space travel, with potential for significant follow-on orders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.65%
Tags
-
Rhea-AI Summary
KULR Technology Group, Inc. announces agreement with Yorkville for deferred payment until December 31, 2024. The company also files 14C Information Statement for additional corporate activity. CEO Michael Mo discusses potential positive impact in an interview with Stuart Smith.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
30.77%
Tags
Rhea-AI Summary
KULR Technology Group, Inc. received a letter from NYSE American stating that its securities' trading price is below compliance criteria. The Company has until August 12, 2024, to improve its stock price or consider a reverse stock split.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
30.77%
Tags
-
Rhea-AI Summary
KULR Technology Group, Inc. has secured an exclusive worldwide license agreement for NASA’s large format Fractional Thermal Runaway Calorimeter (FTRC), positioning itself as the industry standard for battery testing and design services. The global battery testing equipment market is projected to reach USD 16.5 billion by 2030, and KULR is already serving top automakers, private space exploration companies, electric truck manufacturers, and other customers across various battery chemistries. This breakthrough win firmly establishes KULR as a crucial strategic partner for OEM customers requiring state-of-the-art battery safety design, testing, storage, and recycling throughout any part or all of the battery’s life cycle.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.26%
Tags
-
Rhea-AI Summary
KULR Technology Group, Inc. (KULR) has announced a 15% reduction in its total workforce as part of an aggressive plan to achieve operational breakeven in the Second Quarter of 2024. The company aims to allocate resources to its key business priorities in aerospace and defense contracts while improving the profitability of its commercial customer engagements. KULR is streamlining operations at its San Diego headquarters and focusing on the KULR ONE Design Solutions testing platform and scaling R&D initiatives at its facility in Webster, Texas. Keith Cochran, KULR President and COO, emphasized the importance of gaining operational efficiency and focusing on the goal of being operational income positive by Q2 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5%
Tags
Rhea-AI Summary
KULR Technology Group, Inc. (NYSE American: KULR) announces the launch of KULR ONE MAX at the 2024 Consumer Electronics Show. The product, showcased within the Energy Ark Storage Cabinet by NHOA.TCC, a subsidiary of Taiwan Cement Corporation (TWSE: 1101.TW), highlights KULR's dedication to safer and more cost-effective energy storage solutions. The KULR ONE MAX, built upon the space-grade designed KULR ONE platform, is aimed at sectors including micro-mobility, defense, and aerospace. The product's design ensures compliance with UL 9540 standards for thermal management without external fire suppression, enhancing safety and reducing costs. CEO Michael Mo emphasizes the product's innovation and the company's commitment to cutting-edge thermal management and energy storage technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.26%
Tags
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