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.
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: KULR) has expanded its Bitcoin Treasury by investing an additional $9 million, bringing its total bitcoin holdings to 800.3 BTC, valued at $78 million. The latest acquisition was made at a weighted average price of $103,234 per bitcoin. This expansion aligns with KULR's December 2024 Bitcoin Treasury Strategy, which allows allocation of up to 90% of surplus cash reserves to bitcoin.
The company reports a significant BTC Yield of 220.2% year-to-date, achieved through a combination of surplus cash and its ATM equity program. KULR uses BTC Yield as a KPI, calculated as the percentage change in the ratio of bitcoin holdings to Assumed Fully Diluted Shares Outstanding.
KULR Technology Group (NYSE American: KULR), a global leader in advanced energy management solutions, has scheduled its first quarter 2025 earnings conference call for Thursday, May 15th, 2025, at 4:30 p.m. Eastern time. The company will release its financial results for Q1 2025 (ended March 31, 2025) via press release before the call.
Shareholders can submit questions for the Q&A session through Stuart Smith at SmallCapVoice.Com by May 12th, 2025, at 8:00 a.m. ET. Questions will be filtered based on relevance to shareholders and public disclosure rules. The earnings call will be accessible through online registration, and a replay will be available on KULR's website investor relations section.
KULR Technology Group (NYSE: KULR) has launched a blockchain-based supply chain initiative to enhance security and transparency in product tracking. The company will record product metadata, including NASA WI 37A-certified lithium-ion batteries, as non-fungible tokens (NFTs) on a customized rollup to Coinbase's Base L2 chain.
The system will allow for secure transfer of NFTs to buyers' wallets or KULR's burn wallet to indicate ownership changes. KULR has developed an internal UI tool that syncs with encrypted wallets to monitor inventory. This initiative follows KULR's December 2024 bitcoin treasury strategy, under which the company has acquired 668 BTC using up to 90% of its surplus cash reserves.
KULR Technology Group (NYSE: KULR) has announced a strategic partnership with AstroForge to develop a custom 500 watt-hour (Wh) KULR ONE Space (K1S) battery pack for space missions. The collaboration targets the expanding space battery market, projected to grow from $3.9 billion to $6.35 billion by 2030.
The new K1S design utilizes NASA-approved cells and compliant architectures, optimized for maximum energy density while meeting AstroForge's mission requirements. The battery pack features KULR's advanced Battery Management System and represents the third design format of the KULR ONE Space architecture.
This partnership leverages KULR's expertise in NASA-compliant battery solutions and marks a significant step in providing scalable high-efficiency energy solutions for space applications, from CubeSats to complex resource extraction missions.
KULR Technology Group (NYSE: KULR) has secured a $6.7 million award from the Texas Space Commission, part of a larger $26 million grant program aimed at enhancing Texas' space technology leadership. The funding supports KULR's development of cold-temperature lithium-ion battery solutions for future Lunar and Martian missions.
The project, conducted in partnership with NASA Johnson Space Center and South 8 Technologies, focuses on creating space-rated battery technology using liquefied gas (LiGas) electrolyte. The batteries will operate at temperatures as low as -60°C and integrate into the KULR ONE Space platform.
KULR's Webster, TX facility, located near NASA JSC, will serve as the engineering and testing center for the initiative. The project supports NASA's Artemis objectives by reducing heater energy requirements, improving safety margins, and enabling extended operations in deep space environments.
KULR Technology Group (NYSE: KULR) has announced a strategic partnership with German Bionic (GB) to enter the robotics market through their new business unit, KULR AI & Robotics. The partnership focuses on GB's Apogee ULTRA exoskeleton technology, with KULR securing exclusive North American distribution rights.
The initiative aligns with the global wearable robotic exoskeleton market's projected growth to $41.5 billion by 2033. GB's existing customer base includes major companies like Dachser Intelligent Logistics, GXO, Nuremberg Airport, Canadian Tire, Currys, and Charité Hospital Berlin.
Led by Josh Steinmann as VP of AI and Robotics, KULR plans to enhance Apogee ULTRA's capabilities through collaborative technology development, focusing on performance improvements and AI integration. The company aims to localize manufacturing of future generation exoskeletons in the United States, supporting domestic supply chain resilience and manufacturing reshoring efforts.
KULR Technology Group (NYSE American: KULR) announced its CEO Michael Mo will speak at Strategy World 2025, a premier global conference focused on AI and Bitcoin innovation. As a Silver sponsor of the event, KULR will participate in the conference scheduled for May 5-8 in Orlando, Florida.
The company has made significant moves in the Bitcoin space, having purchased over 660 BTC (valued at over $65 million) and committing to allocate up to 90% of its surplus cash to BTC. Mo will participate in the 'Corporate Bitcoin Success Stories' panel on May 6th at 3:20 PM ET, followed by his presentation at 4:35 PM ET.
KULR has also strengthened its AI presence by rebranding to KULR.ai and partnering with EDOM Technology to expand its energy management solutions across the global AI supply chain. The company focuses on integrating AI into its solutions, including AI-driven software for battery management systems.
KULR Technology Group reported strong Q4 2024 results with revenue increasing 44% to $3.37 million year-over-year. The company achieved a significant gross margin improvement to 64% from 29% in Q4 2023. Cash position strengthened to $29.83 million, plus $20.28 million in Bitcoin holdings as of December 31, 2024.
Key operational highlights include securing contracts with the U.S. Defense sector for missile programs and the U.S. Navy for battery safety technology. KULR expanded its Bitcoin treasury strategy, holding 668.3 BTC. The company regained NYSE American compliance and formed strategic partnerships, including with EDOM Technology for AI ecosystem solutions.
For full-year 2024, revenue grew 9% to $10.74 million, while operating losses decreased to $15.23 million from $22.41 million in 2023. Net loss improved to $17.52 million ($0.09 per share) compared to $23.69 million ($0.20 per share) in 2023.
KULR Technology Group (NYSE: KULR) has expanded its Bitcoin Treasury with an additional $5 million investment, bringing total bitcoin acquisitions to $65 million. The company now holds 668.3 BTC, purchased at a weighted average price of $88,824 per bitcoin including fees.
This expansion aligns with KULR's Bitcoin Treasury Strategy announced on December 4, 2024, which allows allocation of up to 90% of surplus cash reserves to bitcoin. The company reports a BTC Yield of 181.1% year to date, achieved through a combination of surplus cash and At-The-Market (ATM) equity program funding.
KULR introduces 'BTC Yield' as a key performance indicator, calculated as the percentage change in the ratio of bitcoin holdings to Assumed Fully Diluted Shares Outstanding. The company emphasizes that BTC Yield should not be interpreted as a measure of operating performance, financial return, or liquidity.