KULR Technology Group, Inc 8-K, filed Feb 7, 2023
KULR Technology Group, Inc. (KULR)
About this 8-K
KULR Technology Group, Inc filed this 8-K on February 7, 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 February 7, 2023, KULR Technology Group, Inc. (the “Company”) issued a press release announcing that the U.S. Patent and Trademark Office issued patent No. 11502352, which patent covers the technology behind the Company’s SafeCase products.
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 February 7, 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: February 7, 2023 | By: | /s/ Michael Mo |
| Michael Mo | ||
| President & Chief Executive Officer | ||
Exhibit 99.1
KULR Technology Group Announces Issuance of U.S. Patent Covering Li-Ion Battery Storage and Transportation Solution
Issuance of United States Patent 11502352 Further Bolsters Company’s Intellectual Property Portfolio
SAN DIEGO / GLOBENEWSWIRE / February 07, 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 that the United States Patent and Trademark Office awarded a patent on the technology behind its SafeCase products – a U.S. Department of Transportation (“DoT”) permitted lithium-ion battery cell and pack storage and transportation system. The SafeCase products are designed to mitigate thermal runaway propagation and its catastrophic effects for lithium-ion battery packs of up to 2.5 kWh (kilowatt-hours) per case by utilizing KULR’s patented Thermal Runaway Shield (“TRS”) technology.
In 2022, KULR gained immediate and open access to commercial partners and customers by securing United Parcel Service (NYSE: UPS) (“UPS”) shipping certification, which allows for shipment of batteries utilizing the KULR SafeCase products through UPS’ vast shipping network.
This is the fourth patent issued to KULR based on its TRS design architecture. As a result of its TRS solution, the Company more recently secured a trio of DoT granted special permits enabling it to strategically pursue regulatory markets ranging from shipping prototype batteries to end of life battery management, as well as those used by NASA to transport and store batteries aboard the International Space Station.
“We bring decades of experience solving today's problems within thermal management,” stated Dr. Will Walker, Chief Technology Officer of KULR Technology Group, Inc. “Previously, the Consumer Product Safety Commission reported KULR’s design solutions could stop fires and explosions in lithium-ion battery packs, and provided additional insights on the future of safe battery technology. We continue to work with government agencies, regulators, and commercial customers across the world incorporating our holistic methodology for designing safe battery systems.”
The lithium-ion battery market size is expected to grow at a CAGR of 13.1% from USD 44.5 billion in 2022 to USD 135.1 billion by 2031.
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 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:
Mark Komonoski
Partner
Integrous Communications
Phone: 1-877-255-8483
Email: kulr@integcom.us
Brokers and Analysts:
Chesapeake Group
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info@chesapeakegp.com