KULR Technology Group, Inc 8-K, filed May 22, 2023
KULR Technology Group, Inc. (KULR)
About this 8-K
KULR Technology Group, Inc filed this 8-K on May 22, 2023.
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 May 22, 2023, KULR Technology Group, Inc. (the “Company”) issued a press release announcing that it has
received a development contract from a branch within the United States Armed Forces to develop high-energy battery packs for uninterruptible power supplies to mobile command centers.
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 May 22, 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: May 22, 2023 | By: | /s/ Michael Mo |
| Michael Mo | ||
| President & Chief Executive Officer | ||
Exhibit 99.1
KULR Wins Additional Order from U.S. Military
Contract to Develop High-Energy Battery Packs for Uninterruptible Power Supplies to Mobile Command Centers
SAN DIEGO / GLOBENEWSWIRE / May 22, 2023 / 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 it has received a development contract from a branch within the United States Armed Forces to develop high-energy battery packs for uninterruptible power supplies to mobile command centers.
This is the second KULR ONE Design Solutions (“K1DS”) contract within a month for San Diego based KULR as it grows its comprehensive solutions platform business, delivering what the Company believes to be the safest battery solutions for high energy and demanding applications. Earlier this month, the United States Army awarded KULR a $1.13 million contract to develop a high-energy battery storage platform for advanced aviation applications.
“Although there is still more than a month left in our current fiscal quarter, we believe that we are seeing impressive demand for KULR ONE battery packs leading to sizable growth in revenue from Q1 2023," commented KULR CEO Michael Mo. "We continue to showcase the advantages of our products and this order again demonstrates the increasing adoption of our products and design solutions in the battery and energy storage marketplace. These orders continue to enhance our growth and position in the marketplace and confirm the sustainability of our growth trajectory.”
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. 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:
Mark Komonoski
Partner
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Phone: 1-877-255-8483
Email: kulr@integcom.us
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