Kulr Technology Stock Price, News & Analysis

KULR Technology Group (NYSE: KULR) has launched its innovative KULR Xero Vibe™ (KXV) solution integrated with the NVIDIA Jetson edge AI platform. The integration combines vibration mitigation with AI capabilities for edge computing applications. Key features include advanced vibration reduction, seamless AI integration, and durability in harsh environments.

The solution targets multiple sectors including data centers, wind turbines, bitcoin mining, robotics, and aerospace. The edge AI market is projected to grow from $24.05 billion in 2024 to $356.84 billion by 2035, at a CAGR of 27.786%.

The integration aims to address operational challenges such as vibration suppression, cooling system performance, energy consumption, and mechanical lifespan extension in edge AI environments.

KULR Technology Group has announced the integration of its KULR Xero Vibe™ (KXV) solution with the NVIDIA Jetson edge AI platform. This integration combines vibration mitigation with AI capabilities for enhanced edge computing applications. The solution features advanced vibration reduction technology, seamless AI integration, and durability for harsh environments.

The edge AI market is projected to grow from $24.05 billion in 2024 to $356.84 billion by 2035, with a CAGR of 27.786%. The KXV solution targets multiple industries including data centers, wind-powered turbines, Bitcoin mining, robotics, and aerospace applications, offering benefits such as improved cooling system efficiency, extended mechanical lifespans, and reduced energy consumption.

KULR Technology Group (NYSE American: KULR) has announced its Board's decision to incorporate bitcoin (BTC) as a primary asset in its treasury program. With over $12 million in current cash reserves, the company plans to allocate up to 90% of its surplus cash to BTC investments. The strategy will be implemented based on market conditions and cash flow requirements, maintaining flexibility for adjustments as needed.

CEO Michael Mo emphasized that bitcoin's global acceptance is in early stages, citing its potential as a hedge against geopolitical, inflationary, and macro-economic trends. The company views this treasury strategy as a means to strengthen its financial position while expanding operations.

KULR Technology Group announces immediate availability of NASA-certified M35A battery cells for JSC 20793-compliant battery packs. The 18650 cells have passed NASA's rigorous validation requirements and additional screening under WI-37. The M35A cells, featuring 214 Wh/kg energy density at C/20 and -20°C, are a key component in NASA's Artemis II mission. KULR is incorporating these cells into its proprietary 400 Wh K1 Space battery, scheduled for completion in January 2025. The company is also collaborating with NASA to expand the Strategic Battery Reserve to include larger-format cells and broader qualified technologies for aerospace and defense customers.

KULR Technology Group has secured a contract from the U.S. Navy to enhance its Internal Short Circuit (ISC) technology for higher temperature activation. The improved ISC devices, originally developed with NASA and NREL, will enable more accurate simulation of extreme conditions for battery safety testing in aviation applications. This advancement aligns with FAA and EASA safety standards, particularly benefiting electric and hybrid-electric aircraft development. The technology offers controlled thermal runaway testing in lithium-ion cells, providing important data for battery behavior under worst-case scenarios in high-stress environments.

KULR Technology Group announces the development of proprietary carbon fiber designed custom cathodes for small modular reactors (SMRs) in partnership with a prominent nuclear fusion company. The custom cathodes will be implemented in a laser-based nuclear fusion system, leveraging KULR's aerospace-proven technology. This development aims to address growing energy demands, particularly from data centers and AI applications, which Goldman Sachs projects will double by 2030 from current 1-2% of global demand. The technology builds on KULR's experience with aerospace and defense applications, including materials used in the Mars Rover.

KULR Technology Group has secured a significant contract to develop a specialized Phase-Change Material (PCM) heat sink for a major missile program. The custom PCM heat sink is designed to manage extreme thermal loads during mission-critical maneuvers, maintaining optimal performance of missile electronics systems. The solution will provide precise thermal regulation by absorbing and dissipating heat in a controlled manner. While specific program details remain undisclosed, this contract reinforces KULR's position in mission-critical defense applications with multi-decade production potential.

KULR Technology Group reported Q3 2024 financial results with record revenue of $3.19 million, up from $3.04 million in Q3 2023. The company achieved significant improvements with gross margin increasing to 71% from 44% year-over-year. Operating expenses decreased substantially, with SG&A dropping to $2.74 million from $4.61 million and R&D expenses reducing to $1.23 million from $1.82 million. Net loss improved to $2.00 million ($0.01 per share) compared to $5.56 million ($0.05 per share) in Q3 2023. The company secured a $2.35M licensing deal for KULR Xero Vibe technology and expanded its U.S. Army battery contract to $2.4M.

KULR Technology Group (NYSE American: KULR), a global leader in sustainable energy management, has scheduled its Third Quarter 2024 Earnings Call for Wednesday, November 13th, 2024 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time). The company will release its financial results for the quarter ended September 30, 2024, prior to the call.

KULR management will host the conference call, followed by a Q&A session. Shareholders can submit questions in advance to Stuart Smith at SmallCapVoice.Com, Inc. via email by November 7th, 2024. To join the call, participants must register using the provided link, after which they will receive dial-in details and a unique access code. A replay of the call will be available on KULR's website.