Welcome to our dedicated page for Kulr Technology news (Ticker: KULR), a resource for investors and traders seeking the latest updates and insights on Kulr Technology stock.
The KULR Technology Group, Inc. (NYSE American: KULR) news feed on Stock Titan aggregates company announcements, market disclosures, and third-party coverage related to its activities as an energy-systems platform and Bitcoin+ treasury company. KULR’s press releases highlight developments in high-performance energy systems, battery safety, thermal management, and AI data center power infrastructure, as well as updates on its bitcoin-focused treasury strategy.
Readers can find news about KULR’s expansion into AI-scale data centers through rack-level Battery Backup Units, its participation as a Platinum Member of the Open Compute Project, and joint development collaborations for next-generation BBU architectures built around ultra-high-power 21700 cell platforms. Coverage also includes announcements on defense-oriented battery systems, such as a 400V battery for Counter-UAS Directed Energy Systems, and new products for space power, including KULR ONE Space CubeSat batteries.
The news stream features items on telecom and digital infrastructure energy storage, including a preferred battery supply agreement and asset purchase related to UL-listed battery packs, which KULR links to its expansion into communications, fiber, and data center energy storage markets. Investors can also review updates on the company’s Bitcoin Treasury Accumulation Strategy and hosting partnerships for bitcoin mining capacity, as well as financial results, ATM program decisions, and shareholder meeting outcomes.
By following this page, users can monitor how KULR describes the evolution of its energy systems portfolio, AI data center initiatives, defense and aerospace projects, telecom-focused battery solutions, and bitcoin treasury activities through official press releases and SEC-related news items.
KULR Technology Group has launched The Energy Solutions Today Podcast, hosted by David Meltzer, to explore battery safety, sustainability, and thermal management technologies. The podcast aims to engage leaders in the electrification movement in discussions about innovative ideas and initiatives addressing energy management and renewable energy solutions. The inaugural episode features CEO Michael Mo, emphasizing the urgent need for sustainable practices as the world transitions to electric mobility. The podcast will release episodes quarterly, accessible on KULR's website and major podcast platforms.
KULR Technology Group, Inc. (NYSE American: KULR) announced the launch of its CubeSat Lithium-ion battery pack, meeting NASA's JSC 20793 safety standards. This development reinforces KULR's longstanding collaboration with NASA, supporting missions like Artemis and the Mars Rover. The new battery pack, designed with high-performance Molicel cells, includes advanced thermal management technologies and is expected to begin consumer orders in Q1 2023. KULR aims to leverage this innovation for both space applications and commercial electric vehicle markets.
KULR Technology Group has entered an agreement to provide its internal short circuit (ISC) battery safety device to the largest U.S. automotive manufacturer. This technology can reliably induce thermal runaway in lithium-ion batteries, allowing better identification of failure causes. The ISC device enhances testing processes for next-generation electric vehicle (EV) batteries, promoting reliability and safety. KULR's ISC testing technology has received accolades, including a R&D 100 Award in 2016 and a runner-up recognition from NASA in 2017.
KULR Technology Group, Inc. (NYSE American: KULR) reported significant revenue growth for Q3 2022, achieving $1.4 million compared to $0.6 million in Q3 2021, driven by increased contract services and product sales. However, gross margins fell to 33% from 74% due to rising labor and shipping costs. Operating loss increased to $5.0 million, with a net loss of $5.6 million, or $0.05 per share. Despite these challenges, KULR highlighted strong cash reserves of $16.2 million and secured key contracts, including orders from major defense and commercial customers, positioning itself for future growth.
KULR Technology Group announced its participation in the SAE G-27 Lithium Battery Packaging Performance Committee meeting in San Diego from November 8-11, 2022. The meeting aims to enhance safety standards for lithium-ion battery transport via aircraft, promoting innovation in packaging regulations. KULR will showcase its battery safety solutions, including SafeCase, a reusable storage option that complies with aviation regulations. This event also allows KULR to connect with key industry stakeholders to further drive safety and regulatory improvements in lithium battery transport.
KULR Technology Group has appointed Dr. William Walker as the new Chief Technology Officer, effective immediately. Dr. Walker will lead the engineering team in developing energy management solutions and expanding KULR's market presence. His experience includes co-inventing patented technology for NASA and expertise in lithium-ion battery systems. Dr. Timothy Knowles, the company's co-founder, will transition to the Board of Directors. The company focuses on electrification in the circular economy and aims to commercialize its renewable energy solutions.
KULR Technology Group (KULR) announced its participation in several upcoming conferences in November 2022, emphasizing its commitment to battery safety and management. Key events include the Lithium SAFE Battery Safety Workshop (Nov 1-3), SAE G-27 Lithium Battery Packing Performance Committee Meeting (Nov 8-11), and SEMI-THERM Thermal Technologies Workshop (Nov 8-10). Each conference will feature presentations from KULR, focusing on its innovative solutions for battery safety and management, contributing to the electrification of the circular economy.
KULR Technology Group (NYSE American: KULR) has announced a strategic partnership with Gamma Technologies to integrate the GT-SUITE multi-physics simulation platform into its product offerings. This collaboration aims to enhance KULR's capabilities in developing next-generation battery designs for the eVTOL and EV markets. The integration will allow KULR's engineering team to utilize advanced simulation for optimized battery solutions, ensuring customer access to cutting-edge technology.
KULR Technology Group (NYSE American: KULR) has begun Phase 2 development of its passive propagation resistant (PPR) battery systems for Lockheed Martin following a successful Phase 1 trial in November 2021. Testing started in Summer 2022, utilizing KULR’s bomb calorimeter and data from the Fractional Thermal Runaway Calorimeter (FTRC), which is licensed from NASA. These advancements are aimed at enhancing battery safety and performance, crucial for defense and commercial applications.
KULR Technology Group (NYSE American: KULR) announces a conference call scheduled for November 9, 2022, at 4:30 PM ET to discuss financial results for Q3 2022. The call will follow a press release detailing the financial outcomes. Interested parties can join via U.S. dial-in at 855-459-0165 with access code 361411, or participate through the company's webcast. KULR specializes in energy management solutions and advanced thermal management technologies, contributing to a sustainable circular economy.