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 reported a remarkable Q2 2021 revenue increase of over 200% year-over-year, reaching $620,000, compared to $201,128 in Q2 2020. For the first half of 2021, revenue surged over 250% to $1,030,000. Gross profit for Q2 2021 was estimated at $180,000, slightly up from $156,394 in the same quarter last year. The company's cash position stood strong at over $12.15 million. CEO Michael Mo emphasized expectations for continued growth driven by increased customer interest following recent Department of Transportation permits.
KULR Technology Group (NYSE American: KULR) announced the acquisition of its third special permit from the U.S. Department of Transportation (DoT) for transporting damaged, defective, or recalled lithium-ion batteries using its Thermal Runaway Shield (TRS) packaging. This strategic step enhances KULR's position in the safety battery market, following previous permits for prototype batteries and recycling. The permit, issued on July 23, 2021, supports the company's commitment to offering safe, sustainable battery solutions, addressing risks associated with damaged batteries in an increasingly digital society.
KULR Technology Group (NYSE American:KULR) will ring the closing bell on the NYSE on July 9, 2021, celebrating its successful up listing to the exchange. CEO Michael Mo, alongside the leadership team, will commemorate this milestone, emphasizing their commitment to innovate in e-mobility and energy storage. KULR develops advanced thermal management technologies for batteries, backed by its expertise in cooling solutions for NASA missions. This event marks a significant moment as the company positions itself for future growth during the electrification revolution.
KULR Technology Group (NYSE American:KULR) will present its innovative battery transportation solutions at the 11th Annual Battery Safety Summit on June 30, 2021. The company received U.S. Department of Transportation special permits for transporting recycled and prototype lithium-ion batteries up to 2.1 kWh. These permits enable shipping with reduced requirements, utilizing KULR's patented Thermal Runaway Shield technology, which enhances safety during transport. KULR aims to enhance battery safety across various industries and will showcase its solutions at the summit.
KULR Technology Group Inc. announced its inaugural Battery Solutions Day scheduled for September 21, 2021, from 1:00 p.m. to 2:30 p.m. EDT. This virtual event will showcase the company's advancements in lithium-ion battery safety and thermal management, including live customer demonstrations and new product developments. Attendees can participate in an interactive Q&A session with KULR executives. CEO Michael Mo emphasized the importance of this event for shareholder engagement as the company plans further product launches throughout the year.
KULR Technology Group has received a special permit from the U.S. Department of Transportation (DoT) allowing the transport of prototype lithium batteries on cargo aircraft. Issued on June 14, 2021, this permit enables KULR to package and ship these batteries safely, thereby enhancing logistics for the growing battery transportation market. This is the company's second permit in less than a month, validating its passive propagation resistant (PPR) technology. With increasing reliance on lithium batteries, this development supports innovation and safety in battery technology.
KULR Technology Group Inc. announced the appointment of Greg Provenzano as the new Vice President of Sales and Marketing on June 10, 2021. Provenzano brings over 35 years of experience, having previously served as SVP of Sales at Advanced Energy, where he significantly boosted revenues from $18M to $108M. His role at KULR will focus on enhancing sales strategies, targeting large volume applications, particularly in electric vehicles and aerospace. KULR develops cutting-edge thermal management technologies aimed at improving safety and efficiency in various industries.
KULR Technology Group has announced its approval to uplist to the NYSE American Exchange, with trading set to commence under the ticker KULR on June 7, 2021. This transition is anticipated to enhance the company’s market visibility and liquidity, opening access to a broader range of investors. Co-Founder and CEO Michael Mo expressed gratitude towards employees and shareholders for their support, highlighting this milestone as a significant step in KULR's growth potential within the lithium-ion battery safety sector.
KULR Technology Group (OTCQB:KULR) announced the issuance of a special permit from the U.S. Department of Transportation on May 28, 2021, allowing the transport of lithium-ion and metal batteries for recycling. This permit streamlines the shipping process, exempting certain requirements when batteries exceed 300 Watt-Hours. KULR's patented thermal runaway shield technology enhances the safety of these batteries, which are increasingly used in outdoor power equipment. The company aims to leverage the growing regulations in the renewable energy market to boost its products and services.
KULR Technology Group has received United States Patent Number 11018397 for its innovative Thermal Runaway Shield (TRS), enhancing its intellectual property portfolio aimed at battery safety. The TRS, designed to mitigate risks of thermal runaway in lithium-ion batteries, is currently employed by NASA for battery transport and storage in the International Space Station. This marks the company's third patent related to TRS technology, emphasizing their commitment to advancing battery safety across various sectors, including electric vehicles and space exploration.