KULR Technology Group, Inc. - KULR STOCK NEWS

KULR Technology Group, Inc. supported NASA's R5 program by providing rapid technical aid and production assistance through its new Texas Battery Center of Excellence Facility. Within six hours, KULR developed a solution for a battery design challenge, showcasing their quick turnaround capabilities. KULR's services cater to the space industry's demand for lighter, longer-lasting, and safer battery technology, positioning the company well in the growing space economy.

Investorideas.com covers battery stocks, highlighting KULR Technology Group, Inc. (NYSE: KULR) in the evolution of batteries. Silicon-anode batteries show promise for higher energy density and faster charging. KULR partners with Amprius for defense and space applications, integrating innovative cells for superior energy density and discharge capability. The collaboration aims to meet stringent safety specifications. Enovix and SES AI also make advancements in battery technology. QuantumScape starts customer shipments of Alpha-2 prototype battery cells, a significant step towards commercial product delivery.

KULR Technology Group and Amprius Technologies have formed a strategic partnership to integrate Amprius' high-performance cylindrical cells into KULR ONE Space and Guardian battery architectures. This collaboration aims to provide superior energy density and discharge capability for defense and space applications, meeting stringent safety specifications. The partnership signifies a significant advancement in battery technology for aerospace and military sectors, positioning both companies as leaders in the industry.

KULR Technology Group, Inc. (NYSE American: KULR) has secured an immediate power cell battery deployment order for AI-enabled drone missions in Ukraine. The Ukrainian contractor will utilize the company's high-power battery cells for ongoing drone operations in Eastern Europe. This strategic move aligns with the increasing importance of drones in military operations, enhancing reconnaissance capabilities and precision strikes. The global military drone market is projected to grow significantly in the coming years, creating a promising opportunity for KULR.

KULR Technology Group appoints Donna H. Grier, a former DuPont executive, as an independent director to its Board of Directors. Ms. Grier brings extensive global business and regulatory oversight experience to the company, serving as Chair of the Audit Committee and member of other key committees.

KULR Technology Group, a leader in sustainable energy management, reported a 146% increase in revenue for 2023, reaching $9,830,166. The company expanded its customer base, secured significant contracts with industry leaders, and received special permits for its SafeX product suite. However, the net loss increased to $23,693,556, and cash balances decreased to $1,194,764.

KULR Technology Group, Inc. successfully delivers custom-designed KULR ONE battery packs to the United States Army, achieving an 80% improvement in UPS run times. The specialized packs enhance propagation resistance and minimize size and weight, supporting the Army's modernization efforts for future command posts.

KULR Technology Group, Inc. announces a significant expansion in the application of its SafeCASE technology by partnering with a leading eVTOL manufacturer. The partnership showcases KULR's adaptability and growth in the electric aviation sector, emphasizing battery safety and efficiency.

KULR Technology Group, Inc. partners with H55 Inc. to enhance safety in electric aviation, contributing to the growing Electric Aircraft Market projected to reach $37.2 billion by 2030. The collaboration aims to align with EASA's safety protocols and demonstrates KULR's commitment to advancing energy management solutions in the industry.