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 will present at The Battery Show on September 13, 2022, in Novi, Michigan. Sean Plasse, the Regional Vertical Market Manager, will discuss battery safety and sustainability in his presentation titled The Role of Safety in Building a Sustainable Circular Battery Economy.
The event, from September 13-15, 2022, is North America’s largest advanced battery and electric vehicle technologies trade show, showcasing innovative products and solutions. KULR develops cutting-edge thermal management technologies for batteries, enhancing safety and performance.
KULR Technology Group (NYSE American: KULR) has secured two significant orders from a Fortune 20 e-commerce and cloud computing company for its advanced Li-ion battery technology, aimed at enhancing commercial drone delivery services. The first order involves a proof of concept, while the second focuses on prototype testing and certification trials. Production is slated for 2023, with full-scale operations expected in late 2024. This initiative underscores KULR's commitment to improving safety and efficiency in drone operations, tapping into a rapidly growing market where drone deliveries are projected to surge significantly.
KULR Technology Group (NYSE American: KULR) reported its Q2 2022 results, revealing a slight revenue dip to $588,000 from $628,000 year-over-year, attributed mainly to lower contract services. Despite this, the company secured UPS shipping certification for its Safe Case products and established critical partnerships, including a follow-on order from Lockheed Martin. Operating loss increased to $5.2 million, highlighting rising expenses in R&D and SG&A, with a net loss of $5.3 million or $0.05 per share.
KULR Technology Group (NYSE American: KULR) will participate in three key conferences in August 2022, focusing on lithium-ion battery safety and management.
The events include the Soteria Advanced Battery Software Meet & Greet on August 4, discussing software's role in battery performance; the Annual Small Satellite Conference on August 10, addressing thermal runaway protection in cube sat batteries; and the Thermal Management Exposition on August 30, highlighting innovations in battery cooling technologies.
KULR Technology Group, Inc. (NYSE: KULR) will hold a conference call on August 15, 2022, at 4:30 p.m. ET to discuss its Q2 financial results. The call will follow a press release with detailed financial data and will include a Q&A session with management. Investors can access the call by dialing 855-459-0165 with access code 361411. The conference will also be available for replay on the company’s investor relations website.
KULR Technology Group, Inc. (KULR) has placed an initial order for over 75 megawatt hours (MWh) of lithium-ion battery cell capacity from E-One Moli Energy Corporation (Molicel). This strategic partnership aims to enhance KULR's production and supply chain localization initiatives in North America, with a total expected purchase of 700 MWh. The collaboration is pivotal for KULR's growth strategy, as it positions the company to leverage advanced battery technologies for high-value applications, targeting markets like aerospace, energy storage, and electric vehicles, with potential revenue exceeding $350 million.
KULR Technology Group (NYSE American: KULR) has secured a follow-on order for its innovative phase change material (PCM) heat sink technology from Lockheed Martin (NYSE: LMT). This technology enhances thermal management, prolonging the lifespan of critical components in high-performance devices. KULR's President, Keith Cochran, emphasized the company's expertise in meeting stringent military standards. The partnership with Lockheed Martin underscores KULR's commitment to advancing thermal solutions in aerospace and defense, where reliability and performance are paramount.
KULR Technology Group, Inc. (NYSE American: KULR) announced its inclusion in the Russell Microcap® Index, effective June 27, 2022. This membership, lasting for one year, will enhance KULR's equity profile and broaden its institutional investor base. KULR develops advanced lithium-ion battery safety and thermal management technologies designed for various applications, including aerospace and electric vehicles. With $12 trillion in assets benchmarked against Russell indexes, this milestone is significant for KULR as it progresses since its uplisting to the NYSE.
KULR Technology Group (NYSE American: KULR) announced it will co-host the Battery Safety, Recycling, and Circular Economy Forum on June 6, 2022, in Wixom, MI. This event aims to enhance awareness of safe battery practices, energy storage, and recycling, fostering collaboration among customers and partners on innovative battery solutions. The forum will include educational sessions and facility tours, highlighting KULR's commitment to sustainability within the battery industry.
KULR Technology Group, Inc. (NYSE American: KULR) will participate in key conferences in May 2022, showcasing its innovations in lithium-ion battery safety and thermal management. As a sponsor of the 2022 Battery Electric Vehicle Thermal Management Innovation Conference, Dr. Will Walker will present on May 25 in Palo Alto, CA. Additionally, KULR will exhibit at the 2022 Space Tech Expo, featuring a presentation by Peter J. Hughes during a panel session on thermal management. KULR leverages its strong intellectual property portfolio to support industries such as aerospace and electric vehicles.