KULR Technology Group, Inc 8-K, filed Nov 14, 2022
KULR Technology Group, Inc. (KULR)
About this 8-K
KULR Technology Group, Inc filed this 8-K on November 14, 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 14, 2022, KULR Technology Group, Inc. (the “Company”) issued a press release announcing that it has entered into an agreement to provide its internal short circuit battery safety and testing device to the largest automotive manufacturer in the United States.
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 14, 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 14, 2022 | By: | /s/ Michael Mo |
| Michael Mo | ||
| President & Chief Executive Officer | ||
Exhibit 99.1
KULR TECHNOLOGY PROVIDES SAFE BATTERY TESTING SOLUTIONS TO LARGEST AUTOMOTIVE MANUFACTURER IN THE UNITED STATES
The Internal Short Circuit Testing Technology Allows the Company to Predictably Instigate Battery Cell Failure and then Study the Causes Behind Them in Order to Build Safer Batteries
SAN DIEGO / GLOBENEWSWIRE / November 14, 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 that it has entered into an agreement to provide its internal short circuit (“ISC”) battery safety and testing device to the largest automotive manufacturer in the United States (the “Customer”). Additional information regarding Customer pipeline can be found in the Company's latest 10-Q filing.
The internal short circuit testing solution reliably creates thermal runaway in lithium-ion battery trigger cells in controlled, laboratory conditions. The device does not rely on mechanically damaging the battery exterior to activate the short, as do most of the other evaluation methodologies, but instead triggers a true internal short. This makes it possible to accurately pinpoint and fix problems leading to malfunctions. This superior testing method allows KULR and its customers to more effectively test the next generation of EV batteries and bring more reliable and safer battery systems to market in a faster and more cost-effective manner.
The ISC technology received the prestigious R&D 100 Award in 2016 and was the runner-up for NASA invention of the year in 2017.
“We are at the beginning of the electrification movement and it's great to see a global automotive company fully embrace the strategic
value of better testing for designing the next wave of EV battery systems,” said Michael Mo, CEO at KULR Technology. “Particularly
in the wake of Hurricane Ian and the continued destruction that was caused by the explosion of EV batteries in areas affected by the
storm, solutions like KULR’s ISC device are more important than ever at ensuring consumer safety across a variety of industries
including electric vehicles, electric vertical take-off and landing aircrafts, maritime and more.”
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
Main: (949) 574-3860
KULR@gatewayir.com
Public Relations:
Robert Collins / Zach Kadletz / Anna Rutter
Gateway Group
Main: (949) 574-3860
KULR@gatewayir.com
Brokers and Analysts:
Chesapeake Group
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