KULR Technology Group, Inc 8-K, filed Aug 16, 2023
KULR Technology Group, Inc. (KULR)
About this 8-K
KULR Technology Group, Inc filed this 8-K on August 16, 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 August 16, 2023, KULR Technology Group, Inc. (the “Company”) issued a press release announcing that it has received a contract from a top-selling global automaker for testing and analysis of high-energy battery cells for its next generation electric vehicles.
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 August 16, 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: August 16, 2023 | By: | /s/ Michael Mo |
| Michael Mo | ||
| Chief Executive Officer | ||
Exhibit 99.1
KULR Selected by a Top-Selling Global Automaker for Next Generation EV Battery Safety and Testing Solutions
Contract to Test and Analyze High-Energy Battery Cells for Next Generation Electric Vehicles
SAN DIEGO / GLOBENEWSWIRE / August 16, 2023 / KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced it has received a contract from one of the world’s top-selling automakers (“Automaker”) for testing and analysis of high-energy battery cells for its next generation electric vehicles. The Company will implement its KULR ONE Design Solutions (“K1-DS”) platform to accelerate design readiness for the Automaker's advanced EV roadmap.
KULR’s rigorous testing protocols incorporate its extensive spaceflight expertise and proprietary KULR ONE Design Solutions to deliver what KULR believes to be the world’s most rigorous testing platform for battery safety. These tests include Fractional Thermal Runaway Calorimetry, bomb calorimetry, and impingement zone mapping. By providing a uniquely thorough cell-level characterization of the customer’s cells, KULR is able to provide its customers what it believes to be globally unique insight into how to optimize battery safety.
Recently, EV automakers have been looking to high-performance, silicon-anode batteries and other technologies to improve the driving range and cut costs of future electric vehicles. Batteries utilizing silicon as an alternative to graphite - anodes commonly employed in present-day batteries - have demonstrated the capability to achieve substantially greater energy density and accelerated charging rates making KULR’s industry standard setting rigorous testing and safety solutions even more essential and mission critical.
"Understanding high power and high-energy cell safety, whether it's lithium-ion, solid state, or silicon-anode, is absolutely essential if automakers want to develop a best in breed battery cell," commented KULR CEO Michael Mo. "KULR utilizes a superior testing protocol for analyzing battery characteristics regardless of cell chemistry. K1-DS accounts for all testing variability -- including the continuous swelling and shrinking during charging and discharging in silicon anodes. Ultimately, through our in-development AI applications learning from this testing data, we believe that KULR is strategically positioned to continue delivering best-in-class solutions for end-to-end battery safety across all applications and all cell chemistries."
According to a projection by the International Energy Agency in April 2023, electric vehicles, encompassing both fully electric and plug-in hybrid models, are anticipated to account for 35 percent of new vehicle sales worldwide by 2030.
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:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulrtechnology.com
Media Relations:
Further PR
Email: press@furtherpr.com