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KULR Technology Group, Inc.
KULR Technology Group, Inc. is a trailblazer in advanced energy storage and thermal management solutions, with over 35 years of expertise driving innovation in the aerospace, defense, and transportation sectors. The company specializes in providing cutting-edge technologies designed to address the most demanding performance and safety standards, including space exploration, aviation, and industrial applications. KULR’s state-of-the-art solutions include the KULR ONE™ platform, tailored for space, defense, and e-aviation, as well as advanced thermal materials, energy storage systems, and vibration reduction technologies. Their disruptive thermal management innovations leverage proprietary carbon fiber technology and AI-driven learning algorithms, enabling them to effectively manage energy, optimize performance, and extend the lifespan of critical systems. From small-satellite batteries to large-scale custom solutions, KULR is at the forefront of developing safe, reliable, and efficient energy storage solutions that power the future of industries across the globe. With a strong track record and a vision for sustainability, KULR continues to redefine what's possible in energy management.
Most Notable Catalysts for KULR:
Operational Highlights:
● Defense Contract Success: KULR was awarded a key contract to develop a specialized Phase-Change Material (PCM) heat sink for a major missile program, enhancing thermal management for mission-critical applications.
● U.S. Army Collaboration: In partnership with the U.S. Army, KULR is set to conduct an in-depth study of its KULR VIBE system for vibration reduction on AH-64E Apache and UH-60 Black Hawk helicopters, slated to begin in 2025.
● Space Milestone: The Company plans to launch its KULR ONE Space (K1S) battery in 2026 via a SpaceX rideshare mission, marking a significant step into the growing space battery market.
● Scripps Research Partnership: KULR teamed up with the prestigious Scripps Research Institute to develop a groundbreaking pyrolytic carbon electrode material, aimed at transforming synthetic organic electrochemistry.
Strategic Initiatives and Partnerships:
● Expansion into AI: A new distribution agreement with EDOM Technology allows KULR to serve Taiwan’s AI ecosystem, providing cooling solutions for AI infrastructure and expanding its reach within the high-growth market.
● Bitcoin Treasury Strategy: KULR has expanded its Bitcoin holdings to 920 BTC, with a strategic plan to allocate up to 90% of its surplus cash into Bitcoin, showing strong growth in its digital asset portfolio.
● NVIDIA Integration: KULR launched its Xero Vibe™ (KXV) solution on the NVIDIA Jetson edge AI platform, addressing critical challenges like vibration suppression, energy efficiency, and system longevity.
Financial Performance:
● Revenue Growth: Revenue Growth: In the first quarter that ended March 31, 2025, revenue increased 40% to $2.45 million compared to $1.75 million reported in the same period last year. Product sales increased 88.7%, with revenue of approximately $1.16 million versus approximately $615 thousand in the same quarter last year.
● Improved Gross Margin: Gross margin was 8% in the quarter ending March 31, 2025, compared to 29% in the same period last year. The decrease in gross margins was primarily due to unanticipated labor hours needed to complete technical projects.
● Bitcoin Holdings Surge: The company’s Bitcoin holdings grew to $91 million by year-end, up from zero in 2023.
● Strong Cash Position: As of March 31, 2025, the Company had cash and current accounts receivable combined of $27.59 million.
Additional Key Developments:
● Regaining NYSE Compliance: KULR successfully regained compliance with the NYSE American's listing standards, securing its position on the exchange.
● Navy Battery Safety Innovation: KULR was awarded a contract by the U.S. Navy to enhance its Internal Short Circuit (ISC) technology for battery safety, with a focus on aviation and military applications.
● Announced on May 27th that it is set to join the broad-market Russell 3000® Index, effective after the United States market opens on June 30, as part of the 2025 Russell indexes reconstitution.
●KULR announced a partnership with Amprius and Molicel to Launch KULR ONE Air for Unmanned Aircraft Systems.
