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KULR Technology Group, Inc. - KULR STOCK NEWS

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KULR Technology Group Inc is a leading energy management platform company that focuses on developing and commercializing high-performance thermal management technologies for electronics, batteries, and other components. The company aims to revolutionize the $7.5 billion thermal management industry by offering carbon fiber-based architecture that replaces less efficient aluminum and copper heat spreaders and exchangers. KULR's proprietary carbon fiber thermal interface materials provide higher performance, lower contact pressure, higher compliance, and longer reliability compared to traditional materials. The company is actively involved in partnerships, such as the recent contract with BRP, to advance its thermal management solutions for e-mobility products and regulatory compliance.

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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.
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KULR Technology Group, Inc. to Discuss Financial Results in Conference Call on April 12, 2024
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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.
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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.
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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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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.
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KULR Technology Group, Inc. collaborates with a leading U.S. automaker to enhance EV battery safety through SafeCASE™ technology. The partnership aims to address thermal runaway risks in lithium-ion batteries, emphasizing safety and innovation in the electric vehicle market. KULR's patented SafeX product line ensures secure transportation of batteries, catering to the growing demand across various industries. With a projected market size of USD 201.85 Billion by 2032, KULR is well-positioned to lead in sustainable energy management.
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KULR Technology Group, Inc. secures a pivotal contract worth over $865,000 from Nanoracks, a part of Voyager Space's Exploration Segment, for developing specialized space batteries. The collaboration signifies KULR's leadership in lithium-ion battery safety and thermal management technologies, showcasing its commitment to innovation and reliability.
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KULR Technology Group, Inc. secures Special Permits 21693 and 21704 from the US Department of Transportation for safe transportation and recycling of damaged lithium-ion batteries. The permits validate the safety and reliability of KULR's SafeCASE™ product, opening new opportunities for the company in various industries.
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KULR Technology Group, Inc. receives acceptance from NYSE American for its plan to regain compliance with listing standards, granting a plan period until June 20, 2025. The Company previously faced non-compliance due to low stockholders' equity but will undergo quarterly reviews to track progress.
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FAQ

What does KULR Technology Group Inc specialize in?

KULR specializes in developing and commercializing high-performance thermal management technologies for electronics, batteries, and other components.

What sets KULR's thermal management technology apart?

KULR's proprietary carbon fiber-based architecture provides superior thermal interface materials that offer higher performance, lower contact pressure, higher compliance, and longer reliability compared to traditional materials like aluminum and copper.

What recent partnership has KULR Technology Group Inc been involved in?

KULR recently secured a contract with BRP for testing services related to thermal runaway management, showcasing the company's commitment to advancing battery safety in the e-mobility market.

How does KULR Technology Group Inc aim to revolutionize the thermal management industry?

By offering carbon fiber-based solutions that are more environmentally sustainable and efficient than traditional materials, KULR is positioned to revolutionize the $7.5 billion thermal management industry.

What is KULR Technology Group Inc's vision for the future?

KULR aims to play a critical role in accelerating the electrification of the circular economy by providing energy management solutions that prioritize efficiency and sustainability.

KULR Technology Group, Inc.

NYSE:KULR

KULR Rankings

KULR Stock Data

65.40M
187.89M
21.17%
3.26%
5.53%
Optical Instrument and Lens Manufacturing
Manufacturing
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United States of America
SAN DIEGO