Kulr Technology Stock Price, News & Analysis

KULR Technology Group has announced an expansion of its contract with the United States Army to $2.4M. This expanded contract includes developing additional prototypes and conducting environmental qualification testing according to MIL-STD-810E standards. KULR is on track to complete its initial engagement with the Army by Q3 2024.

The collaboration focuses on advancing silicon anode lithium-ion battery cells for demanding conditions, emphasizing increased energy density without compromising safety or reliability. This partnership is seen as a key driver for expanding KULR's innovative technologies, particularly the KULR ONE platform. The company anticipates accelerated product sales in 2025, with this Army engagement enhancing product capabilities and paving the way for broader adoption of KULR ONE.

KULR Technology Group, a leader in sustainable energy management, has released a new KULR ONE Space presentation on its website. This innovative architecture applies spaceflight and NASA safety standards to various battery shapes and sizes, designed for mission flexibility without recertification. The presentation is now available in the 'Presentations' section at www.kulrtechnology.com.

Additionally, KULR's Chief Technology Officer, Dr. Will Walker, will participate in a Reddit 'Ask Me Anything' Q&A session on Wednesday, September 18, 2024, at 11:30am ET. Interested parties can join the discussion on the r/KULR subreddit. For the latest updates, followers are encouraged to check KULR's X (formerly Twitter) account.

KULR Technology Group has secured a contract worth up to $1.5 million to supply 20793-rated battery systems to South Korea's Nara Space for their CubeSat mission aboard Artemis II. This project is part of a collaboration involving KASI and NASA. The initial contract is valued at nearly $1 million, with additional options available.

KULR's successful delivery of a 20793-rated battery to NARA in record time highlights their KULR ONE Space (K1S) architecture, which enables a four-month turnaround for a fully 20793-compliant system. This customizable solution is now available to customers seeking to accelerate their path to 20793 certification, reducing development time and enhancing cost efficiency.

The contract underscores KULR's commitment to developing advanced energy solutions for space and defense applications, leveraging existing R&D efforts to deliver a scalable battery architecture meeting rigorous safety and performance standards for human spaceflight.

KULR Technology Group (NYSE American: KULR) has released a new investor presentation on its website. The presentation offers an updated overview of the company, including:

• A refreshed list of customers and partners
• An overview of KULR's core engineering technology domains
• Information on the company's customer engagement model
• Financial updates and recent operational progress

The presentation emphasizes KULR's diversified product and service offerings for various market opportunities. Investors can access the new presentation in the 'Presentations' section of KULR's website at www.kulrtechnology.com.

KULR Technology Group, Inc. (NYSE American: KULR), a global leader in sustainable energy management, has announced significant changes in its leadership and operations. The company's President and Chief Operating Officer, Keith Cochran, has mutually agreed to resign effective August 20, 2024. In response, KULR has redistributed the oversight of daily operations among its executive management team, led by CEO Michael Mo.

Simultaneously, KULR has designated Webster, Texas, as its principal executive office, aligning with the company's accelerated strategic shift. While Webster is now KULR's largest office, the San Diego location will continue to serve as a important innovation hub. These changes reflect KULR's evolving business strategy and operational focus.

KULR Technology Group (NYSE American: KULR) has been selected for a battery pack reference design project by Amprius Technologies, focusing on the advanced air mobility (AAM) market. The project aims to address thermal runaway risks in lithium-ion batteries for electric aviation, meeting FAA and EASA safety standards. The partnership will integrate KULR's thermal management solutions with Amprius' high-energy silicon anode batteries to enhance safety and performance.

The collaboration involves a four-phase approach, including data collection, thermal modeling, and rigorous testing. This initiative aligns with the growing demand for safe, high-performance energy storage in electric aviation, with the global electric aircraft market projected to reach $13.55 billion by 2030. KULR has also secured contracts with other aviation companies, including a $1 million commitment with H55 Inc. for its Thermal Runaway Shield technology.

KULR Technology Group has been chosen by Amprius Technologies for a crucial battery pack reference design project. This collaboration aims to create a solution for thermal runaway prevention in battery packs, combining KULR's energy management platform with Amprius' high-energy Silicon Anode pouch cells. The project focuses on meeting FAA and EASA safety standards for the advanced air mobility (AAM) market.

The partnership will explore innovative methods to enhance battery safety and maximize energy density at the pack level. The project will be executed in four phases, including data collection, thermal modeling, and rigorous testing. This collaboration is expected to set new standards in the AAM segment and accelerate the adoption of Amprius' high-performance cells in electric aviation applications.

KULR Technology Group reported its Q2 2024 financial results, showing mixed performance. Revenue decreased to $2.43 million from $2.70 million year-over-year, but Contract Services revenue increased by 75.7% to $1.30 million. The company's gross margin declined to 24% from 37% in the same period last year. However, KULR reduced its operating loss to $5.33 million from $6.08 million, driven by decreased SG&A and R&D expenses. The company's net loss improved to $5.89 million, or $0.03 per share, compared to $6.33 million, or $0.05 per share, in Q2 2023. KULR secured notable contracts, including a $400K NASA agreement and partnerships with Bombardier Recreational Products and a top Japanese automaker for EV battery testing.

KULR Technology Group (NYSE American: KULR), a leader in sustainable energy management, has scheduled its Second Quarter 2024 Earnings Call for Monday, August 12, 2024, at 4:30 p.m. ET. The company will release its financial results for the quarter ended June 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 by 5:00 p.m. ET on Thursday, August 8th, 2024. To join the call, participants must register using the provided link. A replay of the call will be available on KULR's website.