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KULR Technology Group, Inc. develops and commercializes energy-system and thermal-management technologies for high-power lithium battery applications. Company news centers on battery safety, certifiable battery systems and KULR ONE platforms used in space and defense programs, unmanned aircraft, electric aviation, hyperscale AI data centers, telecom infrastructure, e-mobility and other industrial electronics.
Recurring updates include earnings releases and conference calls, customer purchase orders, preferred supply agreements, joint-development collaborations, U.S.-based manufacturing initiatives, and governance changes. Product-specific items include KULR ONE Air batteries for UAV and UAM applications and KULR ONE MAX battery backup units for AI-scale data centers and high-power compute environments.
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.
KULR Technology Group, Inc. (NYSE American: KULR) announced a production prototype order for its KULR SafeCase, a safe and reusable battery transport solution, from a leading power tool manufacturer. The SafeCase is designed for lithium-ion batteries and is the only product approved by the U.S. Department of Transportation for managing batteries up to 2.5 kWh. Its selection was attributed to special permits, cost-effective design, and safety capabilities, aligning with the manufacturer's focus on sustainability and safety in battery transportation.
KULR Technology Group (NYSE American: KULR) has announced a partnership with Marco Andretti, who will serve as a Brand Ambassador and drive the No. 98 KULR Technology Honda in the 2023 Indy 500. This collaboration continues KULR's alliance with Andretti Technologies, focusing on advanced thermal management and battery safety solutions, enhancing performance and risk mitigation in motorsports. KULR also unveiled its AI-driven vibration reduction solution, KULR VIBE, aimed at various sectors including motorsports and renewable energy. The partnership aims to strengthen KULR's positioning in the electrification of the circular economy.
KULR Technology Group, Inc. (NYSE: KULR) will participate in the upcoming Equip Expo, showcasing its SafeCase product and a range of battery safety technologies. The event runs from October 18-21, 2022, with KULR's booth featuring Indy 500 car along with a meet-and-greet with Marco Andretti on October 20, 2022, from 2 p.m. to 4 p.m. EDT. The expo focuses on innovation in the electrification of the outdoor power equipment market, highlighting KULR's position in the energy management space.
KULR Technology Group has announced its acquisition of VibeTech, enhancing its position as a vertically integrated energy management company. This move is aimed at accelerating the electrification of the circular economy. The newly launched KULR VIBE technology offers AI-driven vibration reduction solutions, addressing the energy losses caused by machinery vibrations. With a projected growth in the global vibration motor market from USD 6.5 billion in 2022 to USD 24.1 billion by 2032, this acquisition positions KULR for significant market expansion and efficiency improvements.
KULR Technology Group (NYSE American: KULR) has secured an initial deployment order exceeding $500,000 from a prominent Department of Defense contractor. This order is aimed at supporting an Air-to-Air Missile program, with potential future orders worth millions anticipated over the next year. The deployment will deliver KULR's advanced thermal management technologies for use in spacecraft components and instruments aligned with national defense and commercial space applications. KULR emphasizes its commitment to the aerospace and defense sectors as critical growth areas.
KULR Technology Group, a leader in lithium-ion battery safety and thermal management, announces its participation in several upcoming conferences in October 2022. Key events include the UBS Future of Electric Mobility Virtual Conference and the Ebike Future Conference & Expo, where KULR representatives will discuss their advanced battery technologies. The company aims to showcase its SafeCase product and its innovative solutions tailored for mass-market applications. This exposure may enhance investor relations and bolster market presence.
KULR Technology Group has received an order from a Fortune 500 aviation company for its battery safety products and services, integral to the development of eVTOL aircraft. This order marks a critical engagement as KULR's offerings are expected to streamline the testing and certification process in the expanding e-mobility sector. The global eVTOL market is projected to grow significantly, estimated to reach USD 30,519 Million by 2030. KULR’s product suite includes innovative solutions like Passive Propagation Resistant (PPR) designs and AI-powered battery management systems.