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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. plans to offer and sell shares of its common stock in an underwritten public offering. The offering is subject to market conditions and the net proceeds will be used to pay off outstanding debt and for working capital. The Benchmark Company and Freedom Capital Markets are the joint book-running managers for the offering.
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KULR Technology Group, Inc. reports Q2 2023 results with a 360% increase in revenue compared to the same period last year. The company estimates full-year 2023 revenue to be between $10 million and $14 million.
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KULR Technology Group receives contract from top-selling automaker for testing high-energy battery cells for next-gen EVs. KULR's K1-DS platform will accelerate design readiness. Rigorous testing protocols provide unique insight into battery safety. Silicon-anode batteries gaining traction in EV industry. Electric vehicles projected to account for 35% of new vehicle sales worldwide by 2030.
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Investorideas.com releases a special news report on the demand for better batteries within the drone industry, featuring KULR Technology Group, Inc. (NYSE: KULR). The global drone battery market is expected to reach US$ 2.450 billion by 2028, and KULR recently signed an agreement to partner with a world leading provider of drone-powered package delivery services to develop high-capacity lithium battery packs.
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KULR Technology Group, Inc. has changed its conference call for second quarter 2023 financial results to August 16th at 4:30 p.m. Eastern time. The financial results will be issued in a press release prior to the call. KULR released its preliminary second quarter 2023 financial results.
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KULR Technology Group announces Q2'23 financial results with estimated revenue of $2.5-2.8 million, a 300% increase YoY. Gross margin estimated at high 30% to low 40%. KULR awarded $1.13M U.S. Army contract for battery packs. Partnership with drone delivery provider for lithium battery packs. Additional development contract from U.S. Armed Forces. Safe battery testing for eVTOL sector. Expansion of SafeCASE™ product line for e-bikes. Record revenue for 4th straight quarter. Optimistic about increasing revenue ramp and expanding margins.
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KULR Technology Group announces collaboration with Cirba Solutions to develop a safe transportation platform for lithium-ion batteries. The collaboration focuses on storing and transporting prototype, end-of-life, damaged, defective, and recalled batteries. KULR's SafeCASE™ and Cirba Solutions' logistics and recycling services will be utilized. The collaboration is an exclusive nationwide program for consumer lithium-ion batteries focused on sustainability and compliant recycling.
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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