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KULR Technology Successfully Completes 200 Amp-Hour Battery Fractional Thermal Runaway Calorimetry Test for EV Customer

Retrieved on:

Mardi, mai 7, 2024

Hydrogen, USD, Hydrogen fluoride, Safety, Certification, NASA, NMC, OEM, Research, KULR, Engineering, EV, Gas, Walker, HF, SAN, Electric battery

William Walker, KULR CTO, stated, “Thermal runaway testing in general is a challenge where numerous variables and their impacts must be considered. Ultimately, we are characterizing very violent events. If the objective is closed, or semi-closed, in format testing the larger the cell -- the more difficult the test.” Walker continued, “When a lithium-ion cell goes into thermal runaway, we have immense amount of heat and gas released, with estimates of gas generation to be on the order of 3 liters per Ah. For 200 Ah cell, this means we must be prepared to deal with up to 600 liters of hot, toxic, and corrosive gases that are released in as little as 3-5 seconds. The KULR engineering team’s modifications to the NASA developed technology allowed us to successfully facilitate, instrument, and characterize the thermal runaway event of a NMC based 200 Ah cell for one of our customers.”

Key Points:

Just last year, a leading global automaker selected KULR for its next-generation EV battery safety and testing solutions.
Recently, EV automakers have been exploring high-performance silicon-anode batteries and other technologies to enhance driving range and reduce costs in future electric vehicles.
This technology was eventually licensed by KULR Technology Corporation on an exclusive basis in 2023.
William Walker, KULR CTO, stated, “Thermal runaway testing in general is a challenge where numerous variables and their impacts must be considered.

KULR Technology Group Regains Compliance with NYSE American Continued Listing Standards

Retrieved on:

Lundi, mai 6, 2024

News, SAN, KULR

SAN DIEGO, May 06, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in safe and high-performance energy storage solutions, today announced that on May 01, 2024, the Company received written notification from the NYSE American LLC ("NYSE American") stating that the Company has regained compliance with the NYSE American’s continued listing standards set forth in Part 10 of the NYSE American Company Guide.

Key Points:

SAN DIEGO, May 06, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in safe and high-performance energy storage solutions, today announced that on May 01, 2024, the Company received written notification from the NYSE American LLC ("NYSE American") stating that the Company has regained compliance with the NYSE American’s continued listing standards set forth in Part 10 of the NYSE American Company Guide.
Specifically, the Company has resolved the continued listing deficiency with respect to the low selling price of its common stock as described in Section 1003(f)(v) of the NYSE American Company Guide due to shares of its common stock demonstrating sustained price improvement.
"We are excited to receive this news from the NYSE American," said KULR CEO Michael Mo.
"Our ongoing efforts to enhance stockholder value and optimize the Company's long-term public valuation remain steadfast."

KULR Delivers Immediate Power Cell Battery Deployment Order for AI-Enabled Drone Missions in Ukraine

Retrieved on:

Mardi, avril 23, 2024

Louisiana House of Representatives, SAN, House, AI, Representative, Life, KULR

SAN DIEGO, April 23, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced it has delivered on an immediate basis, a power cell battery deployment order for AI-enabled drone and advanced air mobility missions in Ukraine.

Key Points:

SAN DIEGO, April 23, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced it has delivered on an immediate basis, a power cell battery deployment order for AI-enabled drone and advanced air mobility missions in Ukraine.
The Ukrainian contractor will employ the Company's high-power battery cells to sustain its ongoing drone operations in Eastern Europe.
This initial deployment order necessitated immediate delivery, with full pre-payment before shipment.
Ukraine’s drone developers look to integrate AI solutions into their designs where an algorithm quickly learns to recognize a drone’s target.

KULR Technology Group Announces Appointment of Donna H. Grier to its Board of Directors

Retrieved on:

Lundi, avril 15, 2024

University, CFO, Psychology, Risk management, Trustee, Business, KULR, Entrepreneurship, Ethics, Audit committee, Corporate governance, MBA, Pyxus International, Audit, Organization, SAN, Washington & Jefferson College, Management

SAN DIEGO, April 15, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced the appointment of new independent director, Donna H. Grier, to the Company's Board of Directors (the “Board”). Ms. Grier will serve as Chair of the Audit Committee and a member of both the Nominating and Corporate Governance and Compensation Committees of the Board. Concurrently with the appointment of Ms. Grier, current director Mr. Morio Kurosaki will retire from the Board effective immediately.

Key Points:

SAN DIEGO, April 15, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced the appointment of new independent director, Donna H. Grier, to the Company's Board of Directors (the “Board”).
Ms. Grier will serve as Chair of the Audit Committee and a member of both the Nominating and Corporate Governance and Compensation Committees of the Board.
Concurrently with the appointment of Ms. Grier, current director Mr. Morio Kurosaki will retire from the Board effective immediately.
She previously served as Board Director and Audit Committee Chair of Pyxus International, a global agricultural company.

KULR Technology Group Reports Record Annual Revenue for 2023

Retrieved on:

Vendredi, avril 12, 2024

CubeSat, Transport, Safety, Depreciation, CAE Inc., Research, KULR, Administration, Pratt & Whitney, TRS, South, Electronics, Lockheed Martin, Special, Spacecraft, Recycling, SAN, Cryptocurrency

SAN DIEGO, April 12, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced its financial results for full-year 2023.

Key Points:

SAN DIEGO, April 12, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced its financial results for full-year 2023.
The increase in revenue was mainly due to early success in the energy storage and battery transportation and recycling sectors.
Selling, General and Administrative (SG&A) Expenses: SG&A expenses increased to $19,882,402 in 2023 from $16,453,776 in 2022.
Revenue has grown at a compound annual growth rate of 102% from 2021 through 2023.

Global Silicon-Based Anode Battery Market Size Is Expected to Reach $3.4 Billion By End of 2031

Retrieved on:

Mardi, avril 30, 2024

PALM BEACH, Fla., April 30, 2024 /PRNewswire/ -- A recent breakthrough in technology has experts saying that new heights are soon to be in sight for Lithium-ion battery performance. Batteries made with silicon instead of graphite — the commonly used material in battery anodes today — have been shown to enable significantly higher energy density and faster charging. A report from Transparence Market Research projected that the global silicon-based anode market size is estimated to grow at a CAGR of 69.9% through 2031 and reach us$ 3.4 Billion by the end of 2031. Also a recent report on CNBC said that: "Silicon anode has 10 times higher energy density than graphite," according to CEO Kang Sun of Amprius Technologies, one of the companies working on the technology. "We've demonstrated that we can charge to 80 percent in under six minutes," added Jon Bornstein, the company's chief operating officer. Amprius is already working with Airbus, the U.S. Army, AeroVironment and BAE Systems on early iterations of its silicon-anode batteries. Sila Nanotechnologies, which was started by a group of ex-Tesla battery engineers, is also working on silicon-anode technology. The company has been in the market since 2021 with its Titan Silicon product used in the Whoop fitness tracker. It is now scaling into automotive production. "Our first automotive customer is going to be Mercedes," CEO and co-founder Gene Berdichevsky said. "They announced a supply agreement with us to put us in their electric vehicles and they're going to start with the iconic G Wagon." Active defense stocks in news today include: KULR Technology Group, Inc. (NYSE: KULR), Enovix Corporation (NASDAQ: ENVX), Solid Power, Inc. (NASDAQ: SLDP), FREYR Battery (NYSE: FREY), QuantumScape Corporation (NYSE: QS).

Key Points:

A report from Transparence Market Research projected that the global silicon-based anode market size is estimated to grow at a CAGR of 69.9% through 2031 and reach us$ 3.4 Billion by the end of 2031.
Amprius is already working with Airbus , the U.S. Army, AeroVironment and BAE Systems on early iterations of its silicon-anode batteries.
Sila Nanotechnologies, which was started by a group of ex-Tesla battery engineers, is also working on silicon-anode technology.
The company has been in the market since 2021 with its Titan Silicon product used in the Whoop fitness tracker.

Global Silicon-Based Anode Battery Market Size Is Expected to Reach $3.4 Billion By End of 2031

Retrieved on:

Mardi, avril 30, 2024

PALM BEACH, Fla., April 30, 2024 /PRNewswire/ -- A recent breakthrough in technology has experts saying that new heights are soon to be in sight for Lithium-ion battery performance. Batteries made with silicon instead of graphite — the commonly used material in battery anodes today — have been shown to enable significantly higher energy density and faster charging. A report from Transparence Market Research projected that the global silicon-based anode market size is estimated to grow at a CAGR of 69.9% through 2031 and reach us$ 3.4 Billion by the end of 2031. Also a recent report on CNBC said that: "Silicon anode has 10 times higher energy density than graphite," according to CEO Kang Sun of Amprius Technologies, one of the companies working on the technology. "We've demonstrated that we can charge to 80 percent in under six minutes," added Jon Bornstein, the company's chief operating officer. Amprius is already working with Airbus, the U.S. Army, AeroVironment and BAE Systems on early iterations of its silicon-anode batteries. Sila Nanotechnologies, which was started by a group of ex-Tesla battery engineers, is also working on silicon-anode technology. The company has been in the market since 2021 with its Titan Silicon product used in the Whoop fitness tracker. It is now scaling into automotive production. "Our first automotive customer is going to be Mercedes," CEO and co-founder Gene Berdichevsky said. "They announced a supply agreement with us to put us in their electric vehicles and they're going to start with the iconic G Wagon." Active defense stocks in news today include: KULR Technology Group, Inc. (NYSE: KULR), Enovix Corporation (NASDAQ: ENVX), Solid Power, Inc. (NASDAQ: SLDP), FREYR Battery (NYSE: FREY), QuantumScape Corporation (NYSE: QS).

Key Points:

A report from Transparence Market Research projected that the global silicon-based anode market size is estimated to grow at a CAGR of 69.9% through 2031 and reach us$ 3.4 Billion by the end of 2031.
Amprius is already working with Airbus , the U.S. Army, AeroVironment and BAE Systems on early iterations of its silicon-anode batteries.
Sila Nanotechnologies, which was started by a group of ex-Tesla battery engineers, is also working on silicon-anode technology.
The company has been in the market since 2021 with its Titan Silicon product used in the Whoop fitness tracker.

KULR Technology Group Delivers Customized Battery Solution for U.S. Army, Enhancing Tactical Command Operations

Retrieved on:

Mercredi, avril 10, 2024

Army, Safety, Power supply unit (computer), KULR, UPS, Longevity, SAN

Under a multi-year contract, KULR has achieved a significant milestone by tailoring its KULR ONE battery pack specifically for the Army’s effort to modernize future command posts.

Key Points:

Under a multi-year contract, KULR has achieved a significant milestone by tailoring its KULR ONE battery pack specifically for the Army’s effort to modernize future command posts.
The customization has resulted in an impressive 80% improvement in UPS run times, providing a strategic edge in tactical command operations.
Michael Mo, CEO of KULR, expressed his pride in the project's success: “Delivering these customized battery packs to the United States Army represents a significant achievement for KULR.
For more information about KULR Technology Group and its specialized energy solutions, please visit https://www.kulrtechnology.com/ .

Investing in the Electric Aircraft Revolution

Retrieved on:

Mercredi, avril 3, 2024

According to research from MarketsandMarket s, the Electric Aircraft Market is set to achieve unprecedented growth, projecting a remarkable worth of $37.2 billion by 2030.

Key Points:

According to research from MarketsandMarket s, the Electric Aircraft Market is set to achieve unprecedented growth, projecting a remarkable worth of $37.2 billion by 2030.
KULR Technology Group, Inc. (NYSE American: KULR), betting on the electrification of everything, will play a key role in the safety of the electric aircraft future.
From startups like Eviation with their Alice aircraft to major players like Airbus and their E-Fan X project, the race is on to develop viable electric planes.
Some smaller electric aircraft are already taking to the skies for test flights ."

Follow the Money in Defense Stocks - The Sky's the Limit

Retrieved on:

Mercredi, mars 27, 2024

This achievement follows a series of successful evaluations that showcased the efficiency of KULR's solutions in cooling critical onboard systems.

Key Points:

This achievement follows a series of successful evaluations that showcased the efficiency of KULR's solutions in cooling critical onboard systems.
With over two decades of pioneering work in heat dissipation technologies, KULR has become a trusted provider for demanding sectors including defense, aerospace and beyond.
Raytheon, an RTX business, was recently awarded a $1.2 billion contract to supply Germany with Patriot® air and missile defense systems.
(NYSE American: KULR), the defense industry represents an opportunity to capitalize on their innovative energy efficiency technology solutions and the sky is the limit.