false 0001662684 0001662684 2024-05-07 2024-05-07 iso4217:USD xbrli:shares iso4217:USD xbrli:shares





Washington, DC 20549


Form 8-K




Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): May 7, 2024


(Exact name of the registrant as specified in its charter)


Delaware   001-40454   81-1004273
(State or other jurisdiction of


File Number)

  (IRS Employer Identification


4863 Shawline Street, San Diego, California 92111

(Address of principle executive offices) (Zip code)


Registrant’s telephone number, including area code: (408) 663-5247


(Former name or address if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14A-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14D-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:


Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which Registered
Common Stock   KULR   NYSE American LLC


Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).


Emerging growth company ¨


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨







Item 7.01 Regulation FD Disclosure


On May 7, 2024, KULR Technology Group, Inc. (the “Company” or “KULR”) issued a press release announcing it today announced the Company has successfully completed large format fractional thermal runaway calorimeter (“L-FTRC”) tests for 200 Amp-hour high energy Nickel Manganese Cobalt prismatic format lithium-ion cells for its global automotive OEM customer.


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 as 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


99.1   Press Release dated May 7, 2024
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)







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.


Date: May 7, 2024 By: /s/ Michael Mo
    Michael Mo
    Chief Executive Officer




Exhibit 99.1




KULR Technology Successfully Completes 200 Amp-Hour Battery Fractional Thermal Runaway Calorimetry Test for EV Customer


SAN DIEGO / GLOBENEWSWIRE / May 07, 2024 / KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), "), a global leader in safe and high-performance energy storage solutions, today announced the Company has successfully completed large format fractional thermal runaway calorimeter (“L-FTRC”) tests for 200 Amp-hour (Ah) high energy Nickel Manganese Cobalt (NMC) prismatic format lithium-ion cells for its global automotive OEM customer. As the exclusive licensee of the L-FTRC technology from NASA, KULR is uniquely positioned to service customers in electric vehicles, grid energy storage and industrial applications with L-FTRC testing of their batteries in the global cell testing market estimated to reach USD $7 billion by 2030. Just last year, a leading global automaker selected KULR for its next-generation EV battery safety and testing solutions. Recently, EV automakers have been exploring high-performance silicon-anode batteries and other technologies to enhance driving range and reduce costs in future electric vehicles.


The S-FTRC, a NASA Invention of the Year Award Winner, was expanded in 2018 to accommodate large format cells (L-FTRC). This technology was eventually licensed by KULR Technology Corporation on an exclusive basis in 2023. With this technique, KULR can characterize total energy yield, fractional energy yield, and mass ejection distributions for the largest of lithium-ion cell formats available (both from a dimension standpoint and with respect to capacity). This arrangement also allows KULR to extract and submit gas samples for third party gas speciation analysis.


William Walker, KULR CTO, stated, "Thermal runaway testing in general is a challenge where numerous variables and their impacts must be considered. Ultimately, we are characterizing very violent events. If the objective is closed, or semi-closed, in format testing the larger the cell -- the more difficult the test.” Walker continued, “When a lithium-ion cell goes into thermal runaway, we have immense amount of heat and gas released, with estimates of gas generation to be on the order of 3 liters per Ah. For 200 Ah cell, this means we must be prepared to deal with up to 600 liters of hot, toxic, and corrosive gases that are released in as little as 3-5 seconds. The KULR engineering team’s modifications to the NASA developed technology allowed us to successfully facilitate, instrument, and characterize the thermal runaway event of a NMC based 200 Ah cell for one of our customers.”


With all modifications considered, KULR is the only entity capable of conducting FTRC format experiments for cylindrical, pouch, and prismatic cells of any capacity. Walker concluded that, “this accomplishment marks a new era of what we can do with FTRC and how far we can push the technology. No customer and no cell are off limits. KULR can handle it.”


During the onboarding process, KULR modified the design to be modular so that the mass of the system could be reduced or increased enough to sufficiently support “mid” sized lithium-ion cells (e.g. 30 Ah to 70 Ah) and very large cells (upwards of 200 Ah), respectively (the as licensed technology was only good for over 100 Ah capacity cells). Ongoing research and development activities seek to add additional instrumentation to the device to facilitate real time mass flow measurement of the gases and in-situ characterization of some of the more toxic gases, such as Hydrogen Fluoride (HF). Understanding HF concentrations is critical to achieving certification when using lithium-ion cells in applications that are used around people.





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 April 12, 2024, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. 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




May 07, 2024
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date May 07, 2024
Entity File Number 001-40454
Entity Registrant Name KULR TECHNOLOGY GROUP, INC.
Entity Central Index Key 0001662684
Entity Tax Identification Number 81-1004273
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 4863 Shawline Street
Entity Address, City or Town San Diego
Entity Address, State or Province CA
Entity Address, Postal Zip Code 92111
City Area Code 408
Local Phone Number 663-5247
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock
Trading Symbol KULR
Security Exchange Name NYSEAMER
Entity Emerging Growth Company false

KULR Technology (AMEX:KULR)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more KULR Technology Charts.
KULR Technology (AMEX:KULR)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more KULR Technology Charts.