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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 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.
KULR Technology Group (NYSE: KULR) announces that a leading private U.S. space company has selected its NASA-certified M35A battery cells for spaceflight programs. The M35A cells, already part of NASA's Artemis II mission, will be integrated into KULR's K1 Space battery (400 watt-hour), scheduled for completion and NASA safety review this month.
The M35A cells, designed to NASA's 20793 standards, feature an energy density of 214 watt-hours per kilogram at C/20 and -20°C. Following their December 2024 launch, these cells are now immediately available with full traceability, including screening data, lot numbers, and serial numbers.
KULR is actively collaborating with NASA to expand America's Strategic Battery Reserve, focusing on increasing accessibility to 20793-compliant cell formats and technologies for aerospace and defense applications.
KULR Technology Group (NYSE: KULR), a leader in advanced energy management platforms, has scheduled its Fourth Quarter and Full Year 2024 earnings conference call for Thursday, March 27th, 2025, at 4:30 p.m. Eastern time.
The company will release its financial results via press release before the call. Management will host the conference followed by a Q&A session. Shareholders can submit questions to Stuart Smith at SmallCapVoice.Com by March 21st, 2025, 5:00 p.m. ET. Questions will be filtered based on relevance to shareholders and public disclosure rules.
The earnings call requires registration, after which participants will receive dial-in details and unique access credentials. A replay will be available through KULR's Investor Relations website section.
KULR Technology Group (NYSE American: KULR) has announced that its Webster, Texas headquarters facility has achieved AS9100 certification, a globally recognized quality management standard for aerospace, defense, and aviation industries. This certification, established by the International Aerospace Quality Group (IAQG), validates KULR's structured quality management system and commitment to operational excellence.
The certification strengthens KULR's position in producing thermal solutions for aerospace and defense sectors, enhancing its ability to pursue new partnerships and expand its customer base. The company's Texas facility's proximity to NASA's Johnson Space Center supports their existing collaboration on space applications. The certification also reinforces KULR's capability to provide thermal management, vibration reduction, and battery technology solutions for defense contractors.
KULR Technology Group (NYSE: KULR) and Worksport (Nasdaq: WKSP) have announced a strategic partnership focusing on battery technology advancement and U.S. manufacturing. The collaboration encompasses three main areas: joint development of Worksport's COR Battery Pack System, AI-integrated battery management system software, and thermal runaway protection integration.
The partnership leverages KULR's K1-DS platform for performance evaluation and safety testing. Worksport's first-generation SOLIS and COR products are scheduled for release in H2 2025. Following U.S. production expansion in 2024, Worksport's revenue increased by over 450% from 2023, achieving a monthly run rate exceeding $1 million.
The portable energy system market is expected to reach $21.95-24.8 billion by 2032, with a CAGR of 16-24%. This collaboration aims to transform the $20 billion-plus portable energy market through innovation and scalable manufacturing.
KULR Technology Group has expanded its Bitcoin Treasury with an additional $10 million investment, bringing total bitcoin acquisitions to $60 million. The company now holds 610.3 BTC, purchased at a weighted average price of $103,905 per bitcoin, including fees.
This expansion aligns with KULR's Bitcoin Treasury Strategy announced in December 2024, which committed up to 90% of surplus cash reserves to bitcoin holdings. The company reports a BTC Yield of 167.3% year to date, achieved through a combination of surplus cash and its At-The-Market (ATM) equity program.
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.