HOUSTON, March 27, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, today announced its financial results for the fourth quarter and full-year 2024. Fourth Quarter 2024 Financial Highlights: Revenue increased by 44% to $3.37 million from the same quarterly period of the prior year.Operating loss decreased by 29% to $3.54 million from the same quarterly period of the prior year.The Company had $29.83 milli ...

HOUSTON, March 25, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, today announced it has increased its bitcoin purchases for its Bitcoin Treasury by an additional $5 million to reach a total of $65 million in bitcoin acquisitions. The additional purchases were made at a weighted average price of $88,824 per bitcoin, inclusive of fees and expenses. The Company now holds 668.3 BTC. This strategic move aligns with KU ...

HOUSTON, March 13, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management solutions, is proud to announce that a prominent private U.S. space company has acquired its NASA-certified M35A battery cells for integration into their spaceflight programs. This milestone underscores the growing demand for KULR’s high-performance, cost-effective energy solutions.This latest purchase highlights the M35A’s versatility and KULR’s abi ...

Core Insights - KULR Technology Group has secured a significant contract with a prominent private U.S. space company for its NASA-certified M35A battery cells, indicating a rising demand for its energy solutions [1][4] - The M35A cells are integral to NASA's Artemis II mission and are being incorporated into KULR's upcoming 400 watt-hour K1 Space battery, which is set for completion this month [1][2] - KULR's M35A cells meet NASA's rigorous 20793 standards, boasting an energy density of 214 watt-hours per kilogram at C/20 and -20°C, making them suitable for space missions [2][3] Company Developments - KULR's CEO highlighted the endorsement from a leading private space company as a testament to the performance and practicality of their energy solutions [3] - The company is actively collaborating with NASA to expand America's Strategic Battery Reserve, enhancing access to compliant cell formats and technologies for aerospace and defense applications [3][4] - KULR's holistic approach to energy storage solutions includes in-house battery design, testing, and production capabilities, allowing for rapid delivery of both commercial and custom systems [5] Market Position - The recent acquisition of M35A cells reinforces KULR's status as a trusted provider of advanced energy solutions, contributing to the advancement of space exploration [4] - The company aims to balance affordability with high safety and performance standards, ensuring transparency and quality assurance through traceable cell data [2][5]

HOUSTON, March 11, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, will hold a conference call on Thursday, March 27th at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended December 31, 2024. The financial results will be issued in a press release prior to the call. KULR management will host the conference call, followed by a questio ...

Certification will Strengthen KULR’s Position in Aerospace and Defense Manufacturing Sector HOUSTON, Feb. 20, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, today announced their Webster, Texas headquarters facility has achieved AS9100 certification. This certification is a significant milestone confirming KULR’s commitment to quality, safety, and customer satisfaction within the aerospace and defense ma ...

HOUSTON, Feb. 11, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, today announced it has increased its bitcoin purchases for its Bitcoin Treasury by an additional $10 million to reach a total of approximately $60 million in bitcoin acquisitions. The additional purchases were made at a weighted average price of $103,905 per bitcoin, inclusive of fees and expenses. The Company now holds 610.3 BTC. This stra ...

HOUSTON, Feb. 11, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, today announced it has increased its bitcoin purchases for its Bitcoin Treasury by an additional $10 million to reach a total of approximately $60 million in bitcoin acquisitions. The additional purchases were made at a weighted average price of $103,905 per bitcoin, inclusive of fees and expenses. The Company now holds 610.3 BTC. This strategic move ...

Core Insights - KULR Technology Group has formed a strategic partnership with EDOM Technology to enhance its presence in the AI supply chain in Taiwan, focusing on energy management solutions for large-scale systems cooling [1][2][3] - The collaboration aims to address the increasing demand for AI infrastructure, supported by significant investments such as The Stargate Project's $500 billion initiative in the United States [2][3] - KULR's CEO emphasized the importance of EDOM's relationship with NVIDIA and its expertise in the AI supply chain, which will facilitate the distribution of KULR's technologies in the region [3] Company Developments - KULR has made substantial progress in building its infrastructure to support the AI ecosystem, including advancements in thermal management solutions and AI-optimized products [4] - The company has secured a licensing partnership for its KXV technology with a Japanese corporation, aimed at improving data center cooling systems [6] - KULR has integrated its KXV technology with NVIDIA Jetson to enhance vibration mitigation for edge AI applications, ensuring reliable operation in demanding environments [6] Industry Context - Taiwan is recognized as a critical hub in the global AI supply chain, with KULR's partnership with EDOM expected to leverage this position to expand its market reach [3] - The collaboration is positioned to innovate at the intersection of AI and energy management, contributing to a resilient supply chain ecosystem for next-generation AI technologies [4] - The demand for nuclear power is anticipated to rise as part of new energy infrastructure to meet the increasing power needs of data centers driven by AI advancements [6]

HOUSTON, Jan. 22, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in carbon-based thermal management and battery safety solutions, has announced an innovative collaboration with the prestigious Scripps Research Institute's Baran Lab. Together, the teams have developed a groundbreaking pyrolytic carbon (PC) electrode material, poised to transform synthetic organic electrochemistry. The jointly developed electrode is a low-cost, robust, and ...