40 Facts About KULR Technology Group Inc

Company Overview

KULR Technology Group, Inc. is a pioneer in the field of thermal management and battery safety solutions. Let's dive into some key facts about this innovative company.

1. KULR Technology Group, Inc. specializes in developing and commercializing high-performance thermal management technologies for electronics, batteries, and other components.
2. The company operates through its subsidiary, KULR Technology Corporation, which handles the commercialization of its thermal management technologies.
3. Thermal Management Technologies offered by KULR include lithium-ion battery thermal runaway shields, automated battery cell screening and test systems, cellchecks, safecases, fiber thermal interface materials, phase change material heat sinks, internal short circuit devices, and CRUX cathodes.
4. These technologies find applications in various fields such as lithium-ion battery energy storage, electric vehicles, 5G communication devices, cloud computing infrastructure, consumer devices, and industrial applications.

History and Leadership

Understanding the company's background and leadership can provide insights into its direction and vision.

5. KULR Technology Group, Inc. was formerly known as KT High-Tech Marketing Inc. and changed its name in August 2018.
6. The company was founded in 2013.
7. KULR operates in the electronic components industry and is part of the technology sector.
8. As of the latest information, KULR has 57 employees.
9. Michael Mo is the Co-Founder, Chairman, and Chief Executive Officer of KULR Technology Group, Inc.
10. Shawn Canter serves as the Chief Financial Officer.
11. Dr. William Quinn Walker Ph.D. is the Chief Technology Officer.
12. Derek Newton handles media relations.
13. Ted Krupp is the Vice President of Sales and Marketing.

Location and Contact Information

Knowing where to find or contact the company is crucial for potential clients and partners.

14. The company is located at 4863 Shawline Street, San Diego, California 92111, United States.
15. The contact phone number for KULR is 408 663 5247.
16. The official website of KULR Technology Group, Inc. is kulrtechnology.com.

Stock and Financial Information

For investors and financial analysts, stock and financial details are essential.

17. Ticker Symbol: KULR
18. Exchange: NYSEAMERICAN
19. Fiscal Year: January – December
20. Reporting Currency: USD
21. CIK Code: 0001662684
22. CUSIP Number: 50125G109
23. ISIN Number: US50125G1094
24. Employer ID: 81-1004273
25. SIC Code: 3670

Services and Testing Capabilities

KULR offers a wide range of services and testing capabilities to ensure the safety and reliability of batteries.

26. KULR provides a complete range of design services for batteries used in various industries, from high-tech space satellite systems to home energy storage and e-mobility applications.
27. The company has unique and proprietary cell level testing capabilities that can characterize the thermal runaway characteristics of various cell types.
28. Fractional Thermal Runaway Calorimetry Testing evaluates the safety of batteries by measuring the heat released during thermal runaway reactions.
29. Bomb Calorimetry Testing determines specific heat, self-heating temperature, and thermal runaway onset temperature.
30. Impingement Zone Mapping identifies impingement area weaknesses in battery packs.
31. Multiphysics Modeling is used by KULR engineers to analyze potential thermal runaway outcomes using simulation before physical testing begins.
32. Using data from cell level testing and multiphysics modeling, KULR designs battery packs that are safe, reliable, and minimize the risk of thermal runaway events.
33. KULR provides pack level testing services to ensure battery packs meet performance, reliability, and safety criteria.
34. The company offers systems level testing services, utilizing a team of world-class engineers who previously designed battery systems for NASA suitable for manned space flight.
35. KULR provides transport and logistics services to manage the movement of batteries and related components.

Financial Performance

A look at KULR's financial performance reveals its growth and market position.

36. In the first quarter of 2024, revenue was flat at $1.75 million compared to $1.76 million in the same period last year. However, contract services revenue increased by 769%.
37. As of March 31, 2024, the company had cash and accounts receivable combined of $1.78 million.
38. The company reported a loss from operations of $4.66 million for the first quarter of 2024, driven by a decrease in both SG&A expenses and investment in R&D.
39. Net loss for the first quarter of 2024 was $5.01 million, or a loss of $0.04 per share, compared to a net loss of $6.60 million or a loss of $0.06 per share in the same period last year.

Market Position and Strategic Partnerships

KULR's market position and strategic partnerships highlight its influence and potential for growth.

40. KULR specializes in high-performance thermal management solutions, catering to dynamic industries such as electric vehicles, autonomous driving, AI, cloud computing, and 5G communications.

KULR Technology Group's Future Looks Bright

KULR Technology Group, Inc. stands out in the thermal management and battery safety sectors. Founded in 2013, this San Diego-based company has made waves with its innovative solutions for electric vehicles, energy storage, and 5G devices. With strategic partnerships, including NASA, KULR is at the forefront of e-mobility and EV technology. Despite a modest market cap of $90 million, KULR's growth and tech advancements are impressive. Their unique offerings, like Passive Propagation Resistant (PPR) design and Fractional Thermal Runaway Calorimetry (FTRC), highlight their commitment to safety and efficiency. Financially, KULR has seen ups and downs, but their focus on diversified services and strategic growth positions them well for the future. As the global thermal management market expands, KULR's innovative approach ensures they remain a key player in this dynamic industry.