KULR Technology Group, Inc., through its subsidiary, KULR Technology Corporation, develops and commercializes thermal management technologies for batteries, electronics, and other components applications in the United States. It offers lithium-ion battery thermal runaway shields; fiber thermal interface materials; phase change material heatsinks; HYDRA TRS battery storage bags; internal short circuit device; and CRUX cathodes. The company's technologies are used in electric vehicles, energy storage, battery recycling transportation, cloud computing, and 5G communication devices. It serves electrical transportation, 5G mobile computing, cloud computing, and space exploration and communications markets, as well as lithium-ion battery, energy storage, and battery transportation market. The company was formerly known as KT High-Tech Marketing Inc. and changed its name to KULR Technology Group, Inc. in August 2018. KULR Technology Group, Inc. was founded in 2013 and is based in Campbell, California.
IPO Year:
Exchange: AMEX
Website: kulrtechnology.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/19/2024 | $1.00 → $5.00 | Speculative Buy → Buy | The Benchmark Company |
| 11/22/2021 | $3.50 → $4.50 | Buy | Alliance Global Partners |
| 10/18/2021 | $3.50 | Buy | Alliance Global Partners |
8-K - KULR Technology Group, Inc. (0001662684) (Filer)
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8-K - KULR Technology Group, Inc. (0001662684) (Filer)
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8-K - KULR Technology Group, Inc. (0001662684) (Filer)
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8-K - KULR Technology Group, Inc. (0001662684) (Filer)
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The Benchmark Company upgraded KULR Technology from Speculative Buy to Buy and set a new price target of $5.00 from $1.00 previously
Alliance Global Partners reiterated coverage of KULR Tech Group with a rating of Buy and set a new price target of $4.50 from $3.50 previously
Alliance Global Partners initiated coverage of KULR Technology with a rating of Buy and set a new price target of $3.50
Certification will Strengthen KULR's Position in Aerospace and Defense Manufacturing Sector HOUSTON, Feb. 20, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE: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 manufacturing sectors. "The AS9100 certification reflects KULR's dedication to producing the highest-quality products within the aerospace and defense industries," said KULR Chief Technology Offic
HOUSTON, Feb. 13, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, and Worksport Ltd. (NASDAQ:WKSP), a pioneer in solar-integrated tonneau covers and portable energy storage, have announced a strategic partnership focused on advancing battery technology and strengthening domestic manufacturing. The collaboration centers on three key areas: joint battery pack development, thermal runaway protection, and AI-integrated battery management system (BMS) software design. Key Areas of Collaboration Joint Battery Pack Development: KULR and Worksport will work together on the development of Worksport's COR
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 aligns with KULR's Bitcoin Treasury Strategy announced on December 4, 2024, wherein the Company committed up to 90% of its surplus cash reserves to be held in bitcoin. BTC Yield as a
HOUSTON, Jan. 27, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, today announced its strategic partnership with EDOM Technology (EDOM) (3048.TW), a long-standing NVIDIA Channel Partner and a premier integration and distribution company. This collaboration positions KULR to deliver its innovative KULR Xero Vibe™ (KXV) and KULR ONE product lines to Taiwan, a global epicenter of AI supply chain development, by leveraging its suite of energy management products and solutions to address the need for large-scale systems cooling within the AI ecosystem. The partnership will enable KULR to service both
HOUSTON, Jan. 22, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE: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 versatile alternative to traditional amorphous carbon materials such as reticulated vitreous carbon (RVC) and glassy carbon (GC). With unparalleled mechanical strength and reactivity comparabl
HOUSTON, Jan. 21, 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 $8 million to reach a total of $50 million in bitcoin acquisitions. The additional purchases were made at a weighted average price of $101,695 per bitcoin, inclusive of fees and expenses. The Company now holds 510 BTC. This strategic move aligns with KULR's Bitcoin Treasury Strategy announced on December 4, 2024, wherein the Company committed up to 90% of its surplus cash reserves to be held in bitcoin. BTC Yield as a Key Performance I
USA News Group Commentary Issued on behalf of Spearmint Resources Inc. VANCOUVER, BC, Jan. 17, 2025 /PRNewswire/ -- Markets around the world are already banking on a Trump-fueled crypto boom ahead of the US President Re-Elect's upcoming inauguration. It's been just over a year since the SEC legalized bitcoin spot ETFs, and the impact continues to gain momentum on stocks involved with crypto. In 2024, crypto was one of the two drivers that drove gains in the year's top 5 tech stocks, especially after Donald Trump's election victory in November. Now cryptocurrency-related stocks have become a must-watch in today's market, with developments coming from such as examples as Spearmint Resources
HOUSTON, Jan. 14, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, today announced the signing of a multi-million-dollar licensing agreement with a new technology partner ("Licensee") to enable advanced carbon fiber cathode applications for nuclear reactor systems in Japan. Applications for Carbon Fiber Cathode Technology The licensed carbon fiber cathode solutions are specifically engineered for critical use in nuclear reactors, offering enhanced safety, superior heat dissipation, and structural integrity. The carbon fiber-based thermal interface materials provide high-performance solutions for
HOUSTON, Dec. 30, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a leader in advanced thermal management and vibration reduction solutions, is pleased to announce its active collaboration with the U.S. Army to plan an in-depth evaluation of the KULR VIBE system for vibration reduction and optimal balance on AH-64E Apache and UH-60 Black Hawk helicopters. The evaluation is slated to begin in 2025 and will explore the potential of KULR VIBE to enhance operational efficiency and safety across these critical platforms. The planned 12-month study will be conducted in partnership with the South Carolina National Guard at McEntire Joint National Guard
HOUSTON, Dec. 26, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, today announced that it has completed the purchase of 217.18 Bitcoin ("BTC") for approximately $21 million, at an average price of $96,556.53 per BTC. The purchase follows the Company's announcement on December 4th of its Bitcoin Treasury strategy in which it announced allocating up to 90% of its surplus cash to BTC. The $21 million of BTC purchased since the announcement is the first of ongoing purchases the Company intends to make going forward. KULR selected Coinbase's (NASDAQ:COIN) Prime platform to provide custody, USDC, and
USA News Group Commentary Issued on behalf of Spearmint Resources Inc. VANCOUVER, BC, Jan. 17, 2025 /PRNewswire/ -- Markets around the world are already banking on a Trump-fueled crypto boom ahead of the US President Re-Elect's upcoming inauguration. It's been just over a year since the SEC legalized bitcoin spot ETFs, and the impact continues to gain momentum on stocks involved with crypto. In 2024, crypto was one of the two drivers that drove gains in the year's top 5 tech stocks, especially after Donald Trump's election victory in November. Now cryptocurrency-related stocks have become a must-watch in today's market, with developments coming from such as examples as Spearmint Resources
HOUSTON, Nov. 13, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today reported results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Results Revenues: In the third quarter that ended September 30, 2024, revenue was $3.19 million compared to $3.04 million reported in the same period last year. Cash and Accounts Receivable: As of September 30, 2024, the Company had cash and accounts receivable combined of $3.60 million. Gross Margins: Gross margin was 71% in the quarter ending September 30, 2024, compared to 44% in the same period last year. Selling, General and
HOUSTON, Oct. 22, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, will hold a conference call on Wednesday, November 13th, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the third quarter ended September 30, 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 question-and-answer period. Interested parties can submit relevant questions prior to the call to Stuart Smith at SmallCapVoice.Com, Inc. via email: [email protected] by 5:00 p.m. ET on Thursday, November
SAN DIEGO, Aug. 12, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today reported results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Results Revenues: In the second quarter that ended June 30, 2024, revenue was $2.43 million compared to $2.70 million reported in the same period last year. Contract Services revenue increased 75.7%, with revenue of approximately $1.30 million versus approximately $738 thousand in the same quarter last year. Cash and Accounts Receivable: As of June 30, 2024, the Company had cash and accounts receivable combined of $2.94 million. Gr
SAN DIEGO, Aug. 05, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, will hold a conference call on Monday, August 12th, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the second quarter ended June 30, 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 question-and-answer period. Interested parties can submit relevant questions prior to the call to Stuart Smith at SmallCapVoice.Com, Inc. via email: [email protected] by 5:00 p.m. ET on Thursday, August 8th, 2024
SAN DIEGO, May 15, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today reported results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Results Revenues: In the first quarter that ended March 31, 2024, revenue was flat at $1.75 million compared to $1.76 million reported in the same period last year. Contract Services revenue increased 769%, with revenue of approximately $1.13 million versus approximately $131 thousand in the same quarter last year. Cash and Accounts Receivable: As of March 31, 2024, the Company had cash and accounts receivable combined of $1.78 milli
SAN DIEGO, May 10, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, will hold a conference call on Wednesday, May 15th at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the first quarter ended March 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 question-and-answer period. Interested parties can submit relevant questions prior to the call to Stuart Smith at SmallCapVoice.Com, Inc. via email: [email protected] by 12:00 PM ET on Tuesday, May 14th, 2024. Mr.
Full-Year 2023 Revenue Up 146% Year-Over-Year SAN DIEGO, April 12, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced its financial results for full-year 2023. Full-Year 2023 Financial Results: Revenues: Revenue increased 146% to $9,830,166 in 2023 from $3,994,634 in 2022. The increase in revenue was mainly due to early success in the energy storage and battery transportation and recycling sectors. The Company continues to build its relationships with a wide range of energy, transport and aerospace partners and has billed 53 customers during the year ended December 31,
SAN DIEGO, April 01, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, will hold a conference call on Friday, April 12th 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, 2023. 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. Date: Friday, April 12, 2024Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)U.S. dial-in: 855-459-0165Access Code: 361411Webcast: Click here to access Please call the
SAN DIEGO, Nov. 14, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today reported results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial Results Revenues: In the third quarter that ended September 30, 2023, revenue increased to $3.04 million from $1.39 million reported in the same period last year, with revenues more than doubling - or an increase of approximately 118%. Contract Services revenue increased over 4,800%, with revenue of approximately $1.14 million versus approximately $20 thousand in the same quarter last year. Product revenue for the
SAN DIEGO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, announced today the mutually agreed upon resignation of Keith Cochran as President and Chief Operating Officer, effective August 20, 2024. KULR has re-allocated the oversight of its day-to-day operations among its executive level management, headed by Chief Executive Officer, Michael Mo. "On behalf of the Board and rest of the Company, I want to thank Keith for his years of service to the Company," said Michael Mo. "We are appreciative of Keith's expertise and leadership throughout his tenure as President and Chief Operating Offi
Former DuPont Executive Brings Decades of Private and Public Market Experience to Company's Board SAN DIEGO, April 15, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE: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. "We are
SAN DIEGO, March 29, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a leading energy management platform company accelerating the global transition to a sustainable electrification economy, today announced it has strengthened its executive leadership team with the appointment of Shawn Canter as its Chief Financial Officer ("CFO"). Mr. Canter begins his role at the Company effective March 31, 2023. Mr. Canter is a seasoned corporate executive and board member with over 25 years of experience leading teams in hands-on roles in both institutional and early/growth stage companies bringing solutions to complex situations. He gained significant finan
Directing the Next Wave of Innovation for KULR, Walker Will Lead the Engineering Team Toward the Future of Energy Management Solutions and Help KULR Expand into New Commercial Markets SAN DIEGO, Nov. 01, 2022 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a leading energy management platform accelerating the electrification of the circular economy, today announced the appointment of Dr. William Walker, Ph.D. as the new Chief Technology Officer ("CTO"), effective immediately. In his new position, Dr. Walker will envision, design, and direct the next wave of energy management solutions to transform the electrification industry and help the company exp
Former NASA Battery Thermal Engineer to Expand Thermal Management Capabilities in Company's High-Performance Computing and Hypersonic Vehicle Initiatives SAN DIEGO, March 10, 2022 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, has appointed Dr. William Walker as its new Director of Engineering. In his new role, Dr. Walker will work with the Company's engineering team on its next generation high-performance computing ("HPC") and hypersonic vehicle thermal management initiatives. Prior to KULR, Dr. Walker was employed by NASA Johnson Space Center wh