KULR | Jotup

Investing in the Electric Aircraft Revolution

Retrieved on:

Wednesday, April 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.

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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:

Wednesday, March 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.

KULR Technology Group Expands SafeCASE Application to Transform Battery Storage in eVTOL Manufacturing

Retrieved on:

Monday, April 8, 2024

Partnership, SAN, Transport, Safety, KULR, USD, Engineering, Renewable energy

SAN DIEGO, April 08, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, proudly announces a significant expansion in the application of its proprietary and patented SafeCASE technology.

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SAN DIEGO, April 08, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, proudly announces a significant expansion in the application of its proprietary and patented SafeCASE technology.
In a landmark development, KULR has received an initial award to supply SafeCASES to a leading electric vertical take-off and landing ("eVTOL") company.
This partnership underscores the versatility and efficacy of SafeCASE in ensuring the safe handling and transport of batteries across sophisticated production facilities.
Michael Mo, CEO of KULR Technology Group, stated, "This partnership represents a milestone for KULR as it showcases our ability to adapt and expand our technology solutions to meet the evolving needs of high-tech industries.

Hybrid Aircraft Market Size Expected to Reach $13.2 Billion By 2030 as Demand Grows for Commercial Applications

Retrieved on:

Tuesday, April 2, 2024

It said: “The Hybrid Aircraft Industry is driven by factors such as increasing demand for short haul range connectivity, technological convergence and increasing demand for alternate modes of transportation.

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It said: “The Hybrid Aircraft Industry is driven by factors such as increasing demand for short haul range connectivity, technological convergence and increasing demand for alternate modes of transportation.
Hybrid aircraft offer the advantage of reduced emissions and lower noise levels, making them more environmentally friendly.
Hybrid aircraft, particularly those with electric propulsion, produce less noise during takeoff and flight, making them more suitable for operating in noise-sensitive regions.
Hybrid aircraft can offer flexible and economically viable solutions for regional air travel, supporting regional connectivity and economic development.

KULR Secures Over $1M Contract from H55 for Proprietary, Patented Thermal Runaway Shield Technology

Retrieved on:

Tuesday, April 2, 2024

EASA, Pratt & Whitney, SAN, CAE Inc., Safety, TRS, KULR, USD, Spacecraft

H55 will employ KULR's unique Thermal Runaway Shield (“TRS”) within its propulsion systems that equip fleets of industry behemoths such as Pratt & Whitney and CAE Inc.

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H55 will employ KULR's unique Thermal Runaway Shield (“TRS”) within its propulsion systems that equip fleets of industry behemoths such as Pratt & Whitney and CAE Inc.
Embedding KULR's TRS into H55's Electrical Propulsion System (“EPS”) is critical for aligning with the European Union Aviation Safety Agency (“EASA”) safety protocols.
H55 harnesses KULR's innovative TRS to construct systems that adhere to stringent safety measures while retaining efficiency and energy density.
The TRS technology from KULR has enabled us to push the safety norms and position H55 as a global leader.

KULR Technology Group Sets Fourth Quarter and Full Year 2023 Earnings Call for Friday, April 12, 2024 at 4:30 p.m. ET

Retrieved on:

Monday, April 1, 2024

SAN, KULR

The financial results will be issued in a press release prior to the call.

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The financial results will be issued in a press release prior to the call.
KULR management will host the conference call, followed by a question-and-answer period.
Please call the conference telephone number 10 minutes prior to the start time.
The conference call will be available for replay here and via the Investor Relations section on KULR’s website ( www.kulrtechnology.com ).

KULR Retires All Outstanding Yorkville Debt

Retrieved on:

Wednesday, March 27, 2024

SAN, KULR

SAN DIEGO, March 27, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced that all outstanding debt owed to Yorkville Advisors ("Yorkville") has been retired in accordance with their terms.

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SAN DIEGO, March 27, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced that all outstanding debt owed to Yorkville Advisors ("Yorkville") has been retired in accordance with their terms.
"Retiring the outstanding Yorkville debt is a significant step for the Company," said KULR's CEO, Michael Mo.
"The net proceeds from the financing helped fund our migration from a thermal management solutions provider to our current KULR ONE Design Solutions ("K1-DS") platform.
I view it as a very positive step that we can once again say that we carry no debt on our balance sheet, other than normal course payables and financing arrangements."

Global Electronic Warfare Market Size Expected to Reach $24.76 Billion by 2029

Retrieved on:

Tuesday, March 26, 2024

The electronic warfare market is marked by the presence of global and local players competing in technology and product offerings; Some major market players are Lockheed Martin Corporation, L3Harris Technologies, Inc., Northrop Grumman Corporation, RTX Corporation, and Leonardo S.p.A., amongst others.

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The electronic warfare market is marked by the presence of global and local players competing in technology and product offerings; Some major market players are Lockheed Martin Corporation, L3Harris Technologies, Inc., Northrop Grumman Corporation, RTX Corporation, and Leonardo S.p.A., amongst others.
A report from Mordor Intelligence projected that the Electronic Warfare Market size is estimated at USD 19.30 billion in 2024, and is expected to reach USD 24.76 billion by 2029, growing at a CAGR of 5.11% during the forecast period (2024-2029).
Mordor Intelligence concluded: “Various players in the market are investing significantly in research and developing advanced next-generation warfare products having higher electromagnetic capabilities.
According to Straits Research , the global electronic warfare market size is estimated to reach an expected value of USD 27.79 billion by 2030, registering a CAGR of 5.8% during the forecast period of 2022 to 2030.

KULR Enters into an Agreement with Lockheed Martin for Heat Sink Advancements in Precision Missile Electronics

Retrieved on:

Tuesday, March 26, 2024

Research, Partnership, LMT, SAN, Electronics, Marketing, Lockheed Martin, PCM, KULR, USD

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.
This latest contract with Lockheed Martin underscores KULR's role as a source of innovative cooling solutions.
Lockheed Martin's selection of KULR for this project reflects confidence in the company's ability to meet the high standards required for aerospace and defense applications.

ParaZero Announces 2023 Financial Results

Retrieved on:

Friday, March 22, 2024

Research, Environment, Growth, EASA, Nitrox, Partnership, Black Square, Travel, IPO, Insurance, D&O, OEM, European, Safety, KULR, Marketing, TEL

TEL AVIV, Israel, March 22, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "company” or “ParaZero”), an aerospace company focused on drone technologies for commercial drones, defense drones, and urban air mobility aircraft, reported today its financial results for year ended December 31, 2023.

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TEL AVIV, Israel, March 22, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "company” or “ParaZero”), an aerospace company focused on drone technologies for commercial drones, defense drones, and urban air mobility aircraft, reported today its financial results for year ended December 31, 2023.
ParaZero closed its IPO on July 31, 2023, issuing 1,950,000 ordinary shares.
ParaZero's CEO, Boaz Shetzer, stated, "2023 was a crucial year for ParaZero, as we continued to push the boundaries of innovation in drone safety.
Full Year 2023 Financial Highlights:
Sales increased by $60,390, or 10.8% to $620,508 for the year ended December 31, 2023, compared to $560,118 for the year ended December 31, 2022.