SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of the registrant as specified in its charter)
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
(Address of principle executive offices) (Zip code)
Registrant’s telephone number, including
area code: (
(Former name or address if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
Soliciting material pursuant to Rule 14A-12 under the Exchange Act (17 CFR 240.14a-12) | |
Pre-commencement communications pursuant to Rule 14D-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 7.01 | Regulation FD Disclosure |
On December 27, 2023, KULR Technology Group, Inc. (the “Company”) issued a press release announcing receipt of an initial purchase order from one of the world’s largest private space exploration company, for enhanced battery safety testing solutions, using the Company’s KULR ONE Design Solutions platform, which the Company has leveraged for such initial battery safety technology order.
A copy of the above-mentioned press release is attached herewith as Exhibit 99.1.
By filing this Current Report on Form 8-K and furnishing the information contained herein, the Company makes no admission as to the materiality of any information in this report that is required to be disclosed solely by reason of Regulation FD. The Company uses, and will continue to use, its website, press releases, and various social media channels, including its Twitter account (twitter.com/kulrtech), its LinkedIn account (linkedin.com/company/kulr-technology-corporation), its Facebook account (facebook.com/KULRTechnology), its TikTok account (tiktok.com/Kulr_tech), its Instagram account (instagram.com/Kulr_tech), and its YouTube account (youtube.com/channel/UC3wZBPINQd51N6p35Mo5uQg), as additional means of disclosing public information to investors, the media and others interested in the Company. It is possible that certain information that the Company posts on its website, disseminated in press releases and on social media could be deemed to be material information, and the Company encourages investors, the media and others interested in the Company to review the business and financial information that the Company posts on its website, disseminates in press releases and on the social media channels identified above, as such information could be deemed as material information.
The information in this Item 7.01 disclosure, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section. In addition, the information in this Item 7.01 disclosure, including Exhibits 99.1, shall not be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 | Exhibits |
Exhibit
No. |
Description | |
99.1 | Press Release dated December 27, 2023 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf of the undersigned hereunto duly authorized.
KULR TECHNOLOGY GROUP, INC. | ||
Date: December 27, 2023 | By: | /s/ Michael Mo |
Michael Mo | ||
Chief Executive Officer |
Exhibit 99.1
KULR Selected by One of the World’s Largest Private Space Exploration
Companies for Enhanced Battery Safety Solutions
Company Leverages its KULR ONE Design Solutions Platform for Initial Battery Safety Technology Order
SAN DIEGO / GLOBENEWSWIRE / December 27, 2023 / KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced it has received an initial purchase order from one of the world’s largest privately held space exploration companies (“Customer”) for enhanced battery safety testing solutions, using the Company’s KULR ONE Design Solutions (“K1-DS”) platform. The proprietary K1-DS platform incorporates the most comprehensive design and testing methodology for battery safety that includes: Internal Short Circuit ("ISC") technology, Fractional Thermal Runaway Calorimetry (“FTRC”), bomb calorimetry, and impingement zone mapping, performing a comprehensive cell level characterization of the thermal runaway behavior of the Customer’s cells.
Though specific terms of the contract remain confidential, the Customer has publicly forecasted a substantial ramp-up in its planned space missions as it continues to scale its satellite deployment throughout 2024. According to Spherical Insights & Consulting in a report released in May 2023, the global space exploration market size is expected to grow at a 16.21% CAGR and reach USD 1,879 Billion by 2032.
K1-DS integrates KULR’s deep knowledge and experience in the most challenging environments, such as spaceflight with NASA, which requires what KULR considers the most stringent battery solutions platform globally. The Company is intensely focused on expanding customer engagements within the space exploration market with its K1-DS platform solution and expects further design wins to continue well into next year. Earlier this month, KULR was awarded a critical contract for the accelerated development, testing, and production of a leading-edge space battery for a prominent privately help hardware and in-space services company. That engagement is anticipated to grow into a multi-million-dollar partnership for expanded production in 2024.
About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) is a leading energy management platform company offering proven solutions that play a critical role in accelerating the electrification of the circular economy. Leveraging a foundation in developing, manufacturing, and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systems, KULR has evolved its holistic suite of products and services to enable its customers across disciplines to operate with efficiency and sustainability in mind. For more information, please visit www.kulrtechnology.com.
Safe Harbor Statement
This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release
contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties.
Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ
materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business,
which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 28, 2023, as may
be amended or supplemented by other reports we filed with the Securities and Exchange Commission from time to time. Forward-looking statements
include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking
words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,”
“may,” “should,” and “would” or similar words. All forecasts are provided by management in this release
are based on information available at this time and management expects that internal projections and expectations may change over time.
In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts,
current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation
to update the information included in this press release, whether as a result of new information, future events or otherwise.
Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulrtechnology.com
Cover |
Dec. 27, 2023 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Dec. 27, 2023 |
Entity File Number | 001-40454 |
Entity Registrant Name | KULR TECHNOLOGY GROUP, INC. |
Entity Central Index Key | 0001662684 |
Entity Tax Identification Number | 81-1004273 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | 4863 Shawline Street |
Entity Address, City or Town | San Diego |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 92111 |
City Area Code | 408 |
Local Phone Number | 663-5247 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock |
Trading Symbol | KULR |
Security Exchange Name | NYSEAMER |
Entity Emerging Growth Company | false |
-8?20$3;8T.P6BP^0"X99K>]9!:G
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end