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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
December 17, 2024
KULR
TECHNOLOGY GROUP, INC.
(Exact
name of the registrant as specified in its charter)
| Delaware |
|
001-40454 |
|
81-1004273 |
(State or other jurisdiction of
incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
555
Forge River Road, Suite 100, Webster,
Texas 77598
(Address of principle executive offices) (Zip
code)
Registrant’s telephone number, including
area code: (408) 663-5247
N/A
(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 December 17, 2024, KULR
Technology Group, Inc. (the “Company” or “KULR”) issued a press release announcing its plans to launch the KULR
ONE Space (K1S) battery via launch integrator Exolaunch on a SpaceX rideshare mission scheduled for 2026.
A copy of the 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 December 17, 2024 |
| 104 |
|
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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: December 17, 2024 |
By: |
/s/ Michael Mo |
| |
|
Michael Mo |
| |
|
Chief Executive Officer |
Exhibit 99.1
KULR Signs Service Agreement to Launch KULR
ONE Space Battery
HOUSTON / GLOBENEWSWIRE / December 17, 2024 / KULR Technology
Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms,
proudly announces its plans to launch the KULR ONE Space (K1S) battery via launch integrator Exolaunch on a SpaceX rideshare mission
scheduled for 2026. This mission represents a pivotal milestone in KULR's ongoing commitment to developing safer and higher-performing
battery systems tailored for space applications for a space battery market that is expected to grow from $3.9B to $6.35B by 2030 per
Virtue Market Research.
This pathfinder mission will integrate multiple configurations of the
KULR ONE Space (K1S) battery into a 6U SmallSat. A 6U SmallSat is a lightweight satellite with a standardized structure measuring approximately
10 cm x 20 cm x 30 cm, built using durable materials like aluminum or carbon-fiber composites to endure the extreme conditions of space.
The K1S battery configurations have been carefully selected to demonstrate cell and pack performance, as well as electronic functionality
in orbital environments. This mission will also validate the flight capabilities of the K1S, the first commercial-off-the-shelf (COTS)
lithium-ion battery series engineered to fully comply with NASA’s JSC 20793 battery safety standard.
Key highlights of the K1S rideshare mission include:
| • | Integration
of top cells from leading cell manufactures: The K1S variations will feature state-of-the-art 18650 cells delivered by top-tier original
equipment manufacturers (OEMs), including LG, Samsung, Amprius, and MOLICEL. |
| • | Utilization
of cells strategically selected by NASA: One of the K1S systems incorporated into the mission will be constructed with MOLICEL 18650-M35A
cells with associated NASA Initial Lot Assessment (ILA), Lot Acceptance Testing (LAT), and WI-37A Cell Screening, previously referred
to by KULR as the “Golden Lot”. |
| • | Incorporation
of next generation low-temperature cell technology: If feasible, a version of the K1S architecture will include ultra-low-temperature
performing cells capable of operating at -60°C without integrated heaters, further demonstrating KULR's innovative advancements. |
| • | Advanced
battery management system: The mission will also showcase KULR's newly developed battery management system (BMS) architecture, which
provides a COTS solution designed to meet the stringent safety requirements of the 20793 standards. |
| • | Gaining
flight heritage for commercialized variations of safe battery architectures: The K1S batteries are engineered with passive propagation
resistance and flame-arresting technology, delivering safer and higher-performing systems at a fraction of the cost compared to traditional
20793-compliant batteries. This rideshare mission will provide additional flight heritage to the architectures developed by the KULR
team. |
Dr. William Walker, KULR Chief Technology Officer, and Peter Hughes,
KULR Vice President of Engineering, jointly stated, “the upcoming mission will serve as a platform to showcase the exceptional capabilities
of KULR's cutting-edge battery solutions, reinforcing the Company’s position as a leader in advanced energy technologies for space
and aerospace applications. The mission aligns with KULR’s ongoing efforts to revolutionize the space industry by offering reliable
and high-performance energy solutions that meet the most stringent safety standards, all while reducing costs for customers.”
“We are excited to bring our KULR ONE Space batteries to orbit
on this rideshare mission,” said Michael Mo, CEO of KULR Technology Group. “This mission underscores our commitment to providing
safer, more efficient, and cost-effective battery solutions for the most demanding environments. With the integration of next-generation
cells and our advanced BMS architecture, we are setting a new standard for COTS battery technology in space.”
For more information, visit www.kulrtechnology.com.
About KULR Technology Group
Inc.
KULR Technology Group Inc. (NYSE American: KULR) delivers cutting edge energy storage solutions for space, aerospace, and defense by
leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and
production capabilities. The Company’s holistic offering allows delivery of commercial-off-the-shelf and custom next generation
energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. For more information, please visit www.kulrtechnology.com.
Safe Harbor Statement
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
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