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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 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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KULR Technology receives purchase order from NASA for battery cell screening system, plans to expand technology to support 21700 cells.
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KULR extends Note repayment to Yorkville to September 22, 2023, allowing management to focus on growth initiatives.
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KULR Technology Group receives contract for testing and analysis of high-energy battery cells from a top-selling automaker. Revenue increased by approximately 360% in Q2 2023. KULR estimates 2023 full-year revenue between $10 million and $14 million.
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KULR Technology Group, Inc. has decided to withdraw a proposed underwritten public offering due to significant fluctuations in its stock price. The management believes it is not in the best interest of shareholders to proceed with the offering.
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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 $0.3079 as of October 17, 2024.
What is the market cap of KULR Technology Group (KULR)?
The market cap of KULR Technology Group (KULR) is approximately 61.8M.
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
61.82M
199.03M
19.84%
4.63%
5.35%
Electronic Components
Electronic Components & Accessories
United States of America
SAN DIEGO