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Tag: KULR Technology

  • KULR Sees After-Market Stock Boost Amid Listing Compliance News

    KULR Sees After-Market Stock Boost Amid Listing Compliance News

    Following its announcement of compliance with the NYSE American LLC listing standards, KULR Technology Group, Inc. (NYSE: KULR) saw a significant increase in the value of its shares on Thursday. The stock increased 6.71% in after-hours trading to reach $2.39 after rising 7.69% during the regular session to close at $2.24.

    The notification confirmed that KULR has complied with all of the ongoing listing requirements listed in NYSE American Company Guide Part 10. The company resolved its deficiency by maintaining compliance with applicable standards over two consecutive quarters.

    Innovative Space Battery Initiative

    KULR Technology also revealed intentions to use Exolaunch to launch its KULR ONE Space (K1S) battery on a 2026 SpaceX rideshare mission. This project marks a major advancement in KULR’s goal to provide safer and more effective battery systems for the expanding space battery industry, which Virtue industry Research projects will rise from $3.9 billion to $6.35 billion by 2030.

    The K1S battery will be integrated into a 6U SmallSat, a compact satellite built with durable materials such as aluminum and carbon-fiber composites to withstand harsh space conditions. The mission will demonstrate multiple configurations of the K1S, including cutting-edge 18650 cells sourced from leading OEMs like LG, Samsung, Amprius, and MOLICEL.

    Advancing Battery Technology in Extreme Environments

    A potential highlight of the mission is the inclusion of ultra-low-temperature cells capable of operating at -60°C without heaters, showcasing KULR’s innovation in extreme-condition battery performance. Additionally, the mission will debut KULR’s new battery management system (BMS) architecture, a COTS solution adhering to the rigorous 20793 safety standards.

    Revolutionizing Energy Solutions for Space

    KULR’s upcoming mission underscores its leadership in advanced energy technologies for aerospace and space applications. By integrating next-generation cells and cutting-edge BMS architecture, the company aims to redefine COTS battery standards, ensuring safety, efficiency, and cost-effectiveness.

    This mission marks a critical step in KULR’s efforts to deliver high-performance energy solutions, reducing costs for customers while setting new benchmarks in the space industry.

  • What Drove The KULR Stock Up 21% During Last Trading?

    What Drove The KULR Stock Up 21% During Last Trading?

    On Thursday, shares of the leading developer of next-generation lithium-ion battery safety and thermal management technologies, KULR Technology Group Inc [OTCQB: KULR] surged 20.76% to close at $2.8500. Volume of 1.08M shares of the KULR stock surpassed its 30-day Average Volume of 177.82K shares. KULR stock rose after issuance of special permit from the US Department of Transportation.

    What kind of permit was issued?

    A leading developer and manufacturer of next-gen carbon fiber thermal management technologies for batteries and electronic systems, KULR develops, manufactures and licenses these products. As a company rooted in NASA space mission cooling solutions and backed by a strong intellectual property portfolio, KULR provides innovative cooling solutions to industry leaders in aerospace, electronics, energy storage, 5G infrastructure, and electric vehicles.

    The Department of Transportation recently granted KULR a special permit. In keeping with the permit, KULR can transport lithium-ion batteries and metal batteries for recycling.

    KULR is exempt from shipping documents and employee training when shipping lithium batteries with capacities exceeding 300 Watt-Hours under this permit. The permit also authorizes KULR to use its patented thermal runaway shield (TRS) technology in its specially designed thermally protective packaging.

    How was the permit granted?

    The passive propagation resistant (PPR) battery design of KULR and its proprietary internal short circuit testing (ISC) technology are of particular interest to regulatory bodies. KULR continues to support regulatory initiatives that promote the development and safe transportation of lithium batteries, especially at the end of their useful life and in recycling. Since KULR provides space-proven expertise in the design, manufacturing, testing, and development of innovative equipment designed to reduce lithium battery risk.