KULR Technology Group, Inc 8-K, filed Nov 16, 2022
KULR Technology Group, Inc. (KULR)
About this 8-K
KULR Technology Group, Inc filed this 8-K on November 16, 2022.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form
CURRENT REPORT
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| Item 7.01 | Regulation FD Disclosure |
On November 16, 2022, KULR Technology Group, Inc. (the “Company”) issued a press release announcing that it has launched its new, CubeSat, SmallSat Lithium-ion (Li-ion) battery pack format to further support the NASA space program and NASA’s new Artemis Space Program.
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 to be 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 November 16, 2022 | |
| 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: November 16, 2022 | By: | /s/ Michael Mo |
| Michael Mo | ||
| President & Chief Executive Officer | ||
Exhibit 99.1
KULR TECHNOLOGY ANNOUNCES SUPPORT FOR NASA’S ARTEMIS PROGRAM
WITH LAUNCH OF KULR’S CUBESAT LITHIUM-ION BATTERY
| - | KULR Battery Product Meets Top Safety Requirements Outlined by JSC 20793 Created by NASA |
| - | From the International Space Station and the Mars Rover Perseverance Mission to the Artemis Space Program, KULR Continues Close Relationship with NASA To Help Ensure the Safety of Battery Systems, Flight and Exploration of Space |
SAN DIEGO / GLOBENEWSWIRE / November 16, 2022 / KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading energy management platform company accelerating the global transition to a sustainable electrification economy, today announced the launch of its new, CubeSat, SmallSat Lithium-ion (Li-ion) battery pack format to further support the NASA space program and launch of Artemis. From the International Space Station and the Mars Rover Perseverance mission to the new Artemis Space Program, KULR continues its close relationship and contract with NASA helping to ensure the safety of battery systems, flight, and the exploration of space.
With an industry-leading position in safe battery design and testing, and as a major player in the current global electrification movement, KULR is one of few companies that has successfully achieved the stringent requirements and rigorous testing set forth by the JSC 20793 Revision D safety standard created by NASA crewed space missions. This qualification allows for KULR’s products and solutions to be utilized for the Artemis missions as well as other forthcoming, critical voyages. And, as a result of today’s mission success, KULR has established a deepened proof of concept, positioning itself to offer this battery format to customers across various commercial applications. KULR expects to begin accepting consumer orders in Q1 of 2023.
“Our long-standing partnership with NASA to ensure the safety of essential battery systems within the most challenging of environments and conditions has resulted in another breakthrough innovation for the Space program and also for commercial EV market needs,” said Michael Mo, Co-founder and CEO of KULR. “As we look toward our future as a fully integrated energy management platform, we are proud to continue to provide our space-proven test solutions to NASA in support of their vision and reality of manned stations in Lunar orbit, on the moon itself and eventually on Mars.”
KULR’s foundational expertise lies in the development, manufacturing, and licensing of next-generation carbon fiber thermal management technologies for batteries, and the Company has long-developed innovative cooling systems for NASA space missions. This space proven KULR battery pack is passively propagation-resistant and benefits from the Company’s extensively tested Thermal Runaway Shield (“TRS”). In addition to propagation-resistance, the battery pack also prevents flame and effluents from leaving the housing and causing destruction. The standard design of the CubeSat Li-ion battery pack is 100 Watt-hours (“Wh”) with a maximum capacity of 7 Amp-hours (“A×h”) and is constructed using high-performance Molicel 18650-M35A cells. Additionally, cell quantity and associated energy capacity of KULR’s battery pack format can be adjusted to meet various customer electrical requirements.
About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) is a leading energy management platform 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 https://www.kulrtechnology.com/.
Safe Harbor Statement
This 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, 2022. 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:
Tom Colton or John Yi
Gateway Group
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KULR@gatewayir.com
Public Relations:
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Gateway Group
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KULR@gatewayir.com
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