Welcome to our dedicated page for KULR Technology Group news (Ticker: $KULR), a resource for investors and traders seeking the latest updates and insights on KULR Technology Group stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect KULR Technology Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-27.5%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.74%
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Rhea-AI Summary
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.
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Rhea-AI Sentiment
End-of-Day
21.55%
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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.
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Rhea-AI Sentiment
End-of-Day
1.01%
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News
Rhea-AI Summary
KULR Technology Group partners with H55 Inc. in a $1 million commitment to enhance electric propulsion systems for industry giants like Pratt & Whitney. KULR's Thermal Runaway Shield technology ensures compliance with EASA safety standards, driving innovation in electric aviation. The global hybrid aircraft market is projected to reach USD 13.2 billion by 2030, offering substantial growth opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
70.73%
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KULR Technology Group, Inc. to Discuss Financial Results in Conference Call on April 12, 2024
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Rhea-AI Sentiment
End-of-Day
7.89%
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KULR Technology Group, Inc. announced the retirement of all outstanding debt owed to Yorkville Advisors, marking a significant step for the company. The CEO highlighted the positive impact of this move on the company's financial position and future growth, emphasizing the shift towards the KULR ONE Design Solutions platform.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.26%
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KULR Technology Group, Inc. secures a six-figure contract from Lockheed Martin for developing phase change material heat sinks crucial for thermal regulation in long-range precision missiles. The global defense market is booming, with the MMDS market valued at $45.2 billion in 2023, driving KULR's expansion in the defense sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.26%
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Rhea-AI Summary
KULR Technology Group, Inc. announces a significant contract from Lockheed Martin for developing PCM heat sinks for long-range precision missiles. The contract highlights KULR's expertise in thermal management and its innovative cooling solutions for critical onboard systems.
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Rhea-AI Sentiment
End-of-Day
30.36%
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Rhea-AI Summary
KULR Technology Group, Inc. receives a $1.81 million purchase order from the U.S. Army for next-gen battery solutions, marking the final phase of the project by August 2024. The order includes two prototypes tailored for the Army's operational demands, showcasing KULR's advanced energy management platform. CEO Michael Mo emphasizes the commitment to excellence and innovation in enhancing military capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.62%
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KULR Technology Group, Inc.
NYSE:KULR
KULR Rankings
KULR Stock Data
66.75M
122.64M
27.97%
4.44%
9.16%
Optical Instrument and Lens Manufacturing
Manufacturing
United States of America
SAN DIEGO
About KULR
as the world of electronics demands increasing processing power and further miniaturization and transportation into electrification, kulr’s disruptive, game-changing thermal management technology strives to solve the challenge of keeping electronics cooler, lighter, and safer in an ethical and environmentally sustainable manner. we aim to revolutionize this $7.5 billion a year industry. kulr’s proprietary carbon fiber-based architecture replaces less efficient aluminum and copper based heat spreaders and exchangers, which are energy intensive, less environmentally friendly to produce. carbon fiber thermal interface materials are superior alternatives to particle based thermal interface materials for higher performance, lower contact pressure, higher compliance, and longer reliability.