KULR CEO Michael Mo Reduces Cash Salary to Better Align with Shareholder Value Creation

Company Strategy and Leadership - KULR Technology Group's CEO Michael Mo voluntarily reduced his cash compensation by 33% and opted for an equity incentive grant that vests after 12 months, aligning his interests with shareholders [1] - The revised compensation model ensures one-third of the CEO's salary is tied to the company's stock market value, directly correlating his benefits with value creation [2] - The CEO emphasized the importance of operating in a lean and agile manner, citing a 23% reduction in operating and investment cash usage in Q1 2024 compared to Q1 2023 [3] Market and Product Outlook - The company is focusing on capturing market share in space, military, and industrial battery applications over the next three years, leveraging its KULR ONE platform [3] - KULR Technology Group is positioned as a leader in energy management solutions, contributing to the electrification of the circular economy through its carbon fiber thermal management technologies [4] Financial and Operational Performance - The company has successfully reduced its cash consumption, with a 23% decrease in operating and investment cash usage in Q1 2024 compared to the same period in 2023 [3]