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   Microcap & Penny StocksKULR Technology


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From: supernova237/11/2019 10:51:26 AM
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KULR Technology Announces Ticker Symbol Change to "KULR" on OTCQB Exchange

CAMPBELL, CA / ACCESSWIRE / July 10, 2019 / KULR Technology Group, Inc. (OTCQB: KULR) (the “Company” or “KULR”), a leading developer of next-generation thermal management technologies, today announced a change in the Company's stock ticker symbol from "KUTG" to "KULR" on the OTCQB exchange operated by OTC Markets Group, reflecting a planned change to match the Company’s name.

Trading under the new symbol will commence at market open tomorrow, July 11, 2019. No action is required by current shareholders relative to the ticker symbol change. Upon the ticker symbol change, the “KUTG” trading symbol will no longer be active.

About KULR Technology Group, Inc.

KULR Technology Group, Inc. (OTCQB: KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company’s roots in developing breakthrough cooling solutions for NASA deep space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.kulrtechnology.com.

Source: finance.yahoo.com

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From: supernova237/23/2019 12:01:29 PM
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KULR Technology Group To Attend Canaccord Genuity Investor Conferences In August 2019

CAMPBELL, Calif., July 23, 2019 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KULR) (the “Company” or “KULR”), a leading developer of next-generation thermal management technologies, will attend the Canaccord Genuity “Future of Transport” Conference, as well as the 39th Annual Canaccord Genuity Growth Conference on August 6-7, 2019 in Boston, Massachusetts.

KULR Technology Group management is scheduled to participate in a panel presentation at the Canaccord Genuity “Future of Transport” Conference and will host one-on-one meetings throughout the day at the Canaccord Genuity Growth Conference as follows:

Canaccord Genuity Future of Transport Conference
Date: Tuesday, August 6, 2019
Panel Time: 5:00 p.m. Eastern time
Panel Title: Electrons to Hydrogen - Our New Sources and Storage of Energy
Location: InterContinental Hotel – Track 1 (510 Atlantic Ave, Boston, MA 02210)
Webcast: wsw.com

39th Annual Canaccord Genuity Growth Conference
Date: Wednesday, August 7, 2019
Location: InterContinental Hotel (510 Atlantic Ave, Boston, MA 02210)

Conference participation is by invitation only and registration is mandatory. For more information, or to schedule a one-on-one meeting, please contact your Canaccord Genuity representative.

About KULR Technology Group, Inc.
KULR Technology Group, Inc. (OTCQB: KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company’s roots in developing breakthrough cooling solutions for NASA deep space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.kulrtechnology.com.

Media Contact:
Derek Newton
Head, Media Relations
(786) 499-8998
derek.newton@kulrtechnology.com

Investor Relations:
Greg Falesnik
Managing Director
MZ Group - MZ North America
(949) 385-6449
greg.falesnik@mzgroup.us
www.mzgroup.us

Source: globenewswire.com

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From: supernova237/24/2019 10:43:42 AM
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KULR Technology Investor Presentation (July 2019)

Source: KULR Technology

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From: supernova237/24/2019 10:49:03 AM
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KULR Technology Investor Presentation (July 2019)

Source: KULR Technology (www.kulrtechnology.com)

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From: supernova238/5/2019 10:11:14 AM
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KULR Technology Announces Launch of Safety-Driven Lithium-Ion Battery Design Solution Package

Company to Apply Battery Safety Technologies to Lithium-Ion Battery Design

CAMPBELL, Calif., Aug. 05, 2019 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KULR) (the "Company" or "KULR"), a leading developer of next-generation thermal management technologies for electronics and batteries, today announced the launch of its Safety-Driven Lithium-Ion Battery Design Solution Package.

KULR's new Battery Design Solution Package incorporates its HYDRA TRS and LYRA ISC Trigger Cell technologies into a design and testing methodology on which KULR has been working with NASA Johnson Space Center. It is focused on improving battery safety—from electric vehicles to consumer products to transportation logistics — by managing thermal runaway of lithium-ion batteries during application, storage and shipping. The Company has refined its design solution and services expertise through its extensive work with industry leading customers in the automotive, medical equipment and aerospace industries.

Key Features and Advantages of KULR-Designed Lithium-Ion Batteries:
  • Statistical analysis of cell-level fractional thermal runaway calorimetry (FTRC) results
  • Baseline battery testing utilizing an internal short circuit (ISC) cell
  • General testing procedure for new battery pack designs
  • Recommendations regarding cell venting and flame arrestors
  • Recommendations regarding thermal propagation
  • Mitigating the potential of thermal runaway from propagating from module to module
  • Safer shipment of cells, battery packs and modules
The Company's proprietary carbon fiber thermal management technologies that make electronics and battery systems cooler, lighter and safer can be seen in numerous aerospace projects, including the International Space Station, the Mars Rover and several other classified technologies.

"Our broad spectrum of industry experience will give our customers the most comprehensive lithium-ion safety and thermal management design solutions available today," said Michael Mo, Chief Executive Officer of KULR Technology Group. "This total solutions package provides another path to transition our proprietary technologies into mass market commercialization across a diverse array of markets including electric vehicles, consumer electronics, and transportation logistics. We look forward to continued execution in bringing our technologies to market and creating long-term value for our shareholders."

To see how KULR can help your firm design and test a battery for your application, contact sales@kulrtechnology.com for a consultation and a copy of the Company's technical white paper.

About KULR Technology Group, Inc.

KULR Technology Group, Inc. (OTCQB: KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company's roots in developing breakthrough cooling solutions for NASA deep space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. 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 parent entity's Form 10-K filed on March 29, 2019. 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. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Source: nasdaq.com

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From: supernova238/5/2019 1:48:39 PM
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Incomplete List of Articles Related to Battery Overheating and Fires in 2019

Do you recall the infamous Samsung Galaxy Note 7 recall in 2016 as a result of a rash of battery fires? Lithium-ion battery overheating and resulting fires continues to be an issue in 2019:

Lyft halts San Francisco e-bike program after bicycles catch fire
The Guardian, July 31, 2019

Hyundai Kona EV exploded in a garage, blowing the door off
Electrek, July 27, 2019

Dockless Lime bike catches fire, injuring cyclist
Curbed, July 25, 2019

Tesla Model S Shanghai Fire, Range, and Charge Issues Seem Connected
Inside EVs, July 20, 2019

Man said vape pen exploded ‘like a rocket’, left him with severe leg burns
Fox News, July 19, 2019

Burning battery pack forces emergency landing of Virgin flight
The Verge, July 5, 2019

Tesla vehicle fire in Shanghai caused by single battery module
TechCrunch, June 28, 2019

Vape pen explosion, shattering teen’s jaw amid rising concerns over batteries
NBC News, June 22, 2019

Apple recalls older 15-inch MacBook Pros because the batteries could catch fire
The Verge, June 20, 2019

China’s ordering safety checks after a series of electric car fires
Quartz, June 18, 2019

This New York-listed Chinese electric carmaker’s flagship vehicle keeps catching fire
Quartz, June 17, 2019

Tesla vehicle caught on fire while plugged in at Supercharger station
Electrek, June 1, 2019

Electric scooter battery explodes while charging in a Shanghai apartment
MSN, May 28, 2019

Auto analysts worry Tesla fires could dampen electric car sales as industry ramps up EV production
CNBC, May 19, 2019

Another parked Tesla Model S burst into flames
Quartz, May 13, 2019

A Tesla Model S caught fire in a garage in San Francisco
Business Insider, May 3, 2019

Life, death, and spontaneous combustion – here’s why the debate about Tesla fires just got more fierce
Business Insider, April 26, 2019

Tesla investigates viral video of Model S exploding in parking lot
NBC News, April 22, 2019

Exploding vape pen kills a Texas man
CNN, February 5, 2019

KULR Technology (OTCQB: KULR) offers a solution for cooler, lighter, safer battery packs with it's HYDRA Thermal Runaway Shield (TRS). To learn more visit www.kulrtechnology.com.

About KULR Technology Group, Inc.

KULR Technology Group, Inc. (OTCQB: KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company's roots in developing breakthrough cooling solutions for NASA deep space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer.

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From: supernova238/14/2019 4:37:30 PM
   of 74
 
KULR Technology Reports Second Quarter 2019 Financial Results

CAMPBELL, Calif., Aug. 14, 2019 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KULR) (the "Company" or "KULR"), a leading developer of next-generation thermal management technologies, today reported its financial results for the second quarter ended June 30, 2019.

Second Quarter 2019 and Subsequent Highlights:

Announced agreement with Lockheed Martin, a leading aerospace and defense company, to provide its purpose-built phase change (PCM) heat sink for a confidential aerospace application.Partnered with Centre De Technologies Avancées, an industry leading vehicle research organization, to implement KULR's advanced LYRA ISC battery testing device to improve electric vehicle battery safety.Presented several of the Company's breakthrough battery safety and testing products at the Advanced Automotive Battery Conference in San Diego, California on June 24-27, 2019Conducted due diligence on the previously announced Securities Purchase Agreement of TECHTOM Co., Ltd., a Japanese limited liability company. After thorough review, the Company has decided against the acquisition.Announced ticker symbol change from "KUTG" to "KULR" on the OTCQB exchange operated by OTC Markets Group.Engaged MZ Group to lead a comprehensive strategic investor relations and shareholder communications program across all key markets.Second Quarter 2019 Financial Summary

Total revenue for the three months ended June 30, 2019 was $56,310, compared to revenue of $171,091 in the same year-ago quarter. The revenue decrease was primarily due to a decrease in the volume of product sales, as well as the decrease in service contract completions during the second quarter of 2019.Gross profit for the three months ended June 30, 2019, was $27,760, or 49.3% of revenues, compared to gross profit of $137,621, or 80.4% of revenues, for the same year-ago quarter. This decrease was primarily due to a reduction in sales of higher margin products as compared to the 2018 period.Total operating expenses, consisting of research and development, sales and marketing, and general and administrative expenses, were $0.6 million in the second quarter of 2019, compared to $0.8 million in the same year-ago quarter. The decrease is primarily due to decreased professional fees of approximately $41,000 resulting from the termination of multiple consulting agreements and non-cash stock-based compensation expense, partially offset by increased travel expenses.Net loss in the second quarter of 2019 totaled $0.6 million, or $(0.01) per share, compared to a net loss of $0.6 million, or $(0.01) per share, in the same year-ago quarter.Cash and cash equivalents and short-term deposits were $0.1 million as of June 30, 2019, compared with $0.1 million as of March 31, 2019.


Management Commentary

"In the second quarter of 2018, we made several meaningful strides towards leveraging our proven technology into several multi-billion-dollar commercial markets," said Michael Mo, Chief Executive Officer of KULR Technology Group. "Today, I am pleased to report that we are currently engaged with more than 25 world-class companies across our target sectors, all of which are at various stages of testing and development."

"Our core technology, proven out and vetted through partnerships with NASA and various tier-1 aerospace operators, addresses vast unmet market opportunities in the electric mobility, battery safety and testing, consumer products and aerospace industries. KULR's technical successes are complemented by our capital-light model and disciplined approach to capital allocation, enabling us to grow revenues while realizing tremendous economies of scale. We strongly believe that we are positioned for a breakout year as we look to transition select developmental partnerships into volume production customers and look forward to long-term shareholder value creation as we continue to execute upon our goals," concluded Mo.


About KULR Technology Group, Inc.

KULR Technology Group, Inc. (OTCQB: KULR), through its wholly-owned subsidiary KULR Technology Corporation ("KULR"), develops and commercializes high-performance space-used thermal management technologies for electronics, batteries, and other components across an array of applications such as electric vehicles and autonomous driving (collectively as E-Mobility), AI/Cloud computing, energy storage, and 5G communication technologies. KULR's proprietary, core technology is a carbon fiber material with roots in aerospace and defense that provides superior thermal conductivity and heat dissipation in an ultra-lightweight and pliable material. By leveraging this break-through cooling solution and its longstanding development partnerships with NASA, the Jet Propulsion Lab and others, KULR makes E-Mobility and other products safer and cooler. globenewswire.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 parent entity's Form 10-K filed on April 17, 2018. 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. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Source: nasdaq.com

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From: supernova238/19/2019 1:19:03 PM
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A Rocket Science Solution To Lithium-Ion Battery Fires (Forbes)

forbes.com

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From: supernova238/19/2019 1:33:26 PM
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Apple's Dangerous MacBook Pro Banned From Flying, Get Ready For Airport Chaos (Forbes)

forbes.com

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From: supernova238/29/2019 11:26:12 AM
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US Navy Includes Use of KULR Technology Solution in Proposed Battery Screening and Warehousing Program

KULR's Internal Short Circuit (ISC) will be used to test batteries in US Navy's request for a Lithium-Ion Battery Screening and Warehousing program

CAMPBELL, Calif., Aug. 29, 2019 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KULR) (the “Company” or “KULR”), a leading developer of next-generation thermal management and battery safety technologies, announced today that its Internal Short Circuit (ISC) device will be required by the Navy Sea Systems Command to test the safety and storage of battery designs for planned use in Unmanned Underwater Vehicles (UUV). The requirements to use KULR’s ISC were outlined in a Request for Information (RFI) released by the Navy earlier this month.

The Navy’s RFI is “seeking organization[s] that are potentially interested in screening lithium-ion cells for high reliability, critical applications” as well as storing those cells for future use in, “large lithium-ion battery systems for Unmanned Underwater Vehicle (UUV) applications.”

The RFI specifies that responding organizations should be able to “generate small batches of reliable and repeatable trigger cells (e.g., cells imbedded with the NREL/NASA internal short circuit device, available through a partnership with KULR Technologies, exclusive licensee for the device).” The RFI says, “These "trigger cells" are needed for verification and validation of the safety of battery designs…”

“KULR is pleased to have the ISC technology be the safety and validation testing solution for the NAVY battery reserve program,” said Michael Mo, CEO of KULR Technology. “It validates our long and successful history of working with government and industry experts to design and deploy the most comprehensive battery testing and safety platforms possible.”

In addition to the ISC, KULR also provides other leading battery safety and storage solutions including its patented HYDRA TRS technology. The TRS, developed with NASA and other partners, has been proven in testing to reduce the risks of thermal propagation fires and explosions in battery packs, making them ideal for shipping and storage.

About KULR Technology Group, Inc.

KULR Technology Group, Inc. (OTCQB: KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company’s roots in developing breakthrough cooling solutions for NASA deep space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. 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 parent entity’s Form 10-K filed on March 29, 2019. 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. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Source: globenewswire.com

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