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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, Inc. (NYSE American: KULR) announced its participation on the Webull Corporate Connect Service (CCS) platform, offering shareholders and investors instant notifications on company news, updates, earnings reports, and more. President and COO Keith Cochran highlighted the importance of retail investors and the company's commitment to transparency and communication.
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KULR Technology Group, Inc. will hold a conference call on November 14th to discuss its financial results for the third quarter of 2023. The call will be hosted by KULR management and will include a question-and-answer period. The conference call will be available for replay on KULR's website.
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KULR Technology Group, Inc. has announced an extension to its contract with the United States Army for the development of next generation lithium-ion battery cells. The collaboration will continue through 2024 and showcases the trust placed in KULR's technology by the Army. In addition, KULR has become the sole provider of an automated cell screening effort for NASA.
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KULR Technology Group has received a contract from a top-5 American electric truck manufacturer to develop newer and safer batteries for its next generation fleet. The manufacturer has publicly forecasted a substantial ramp-up in production of its electric truck next year with KULR's battery performance to distinguish itself from rivals and unlock expected growth. The U.S. electric truck market is expected to reach $15 billion by 2030 with a 54% CAGR.
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KULR Technology Group announces a strategic partnership with Forge Nano, estimated at $3.5 million to $5 million in revenue. The partnership will combine KULR ONE Design Solutions with Forge Nano's nanocoating technology to improve battery safety and efficiency. KULR's modular screening technology allows for scalability. The partnership is well positioned to redefine industry standards in battery safety and performance. Forge Nano has raised $95 million to build out battery production lines.
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KULR partners with Velos Rotors to enhance Velos V3 UAV helicopter for sensitive payloads
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KULR reduces total debt by over 20%, increasing financial flexibility for future growth.
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KULR Technology Group, Inc. closes $2.875 million public offering of common stock.
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KULR prices its underwritten public offering at $0.35 per share, expecting gross proceeds of approximately $2.5 million. CEO Michael Mo participates in the offering. The net proceeds will be used to pay off debt and for working capital.
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KULR Technology Group plans underwritten public offering of common stock to pay off outstanding balance and for general corporate purposes.
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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