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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): August 31, 2023
| 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 |
(IRS Employer Identification No.) |
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 August 31, 2023, KULR Technology Group, Inc. (the “Company”) issued a press release announcing its latest purchase order from the National Aeronautics and Space Administration (NASA), an independent agency of the U.S. federal government, as part of a multi-phase agreement for its advanced automated battery cell screening system.
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 31, 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 31, 2023 | By: | /s/ Michael Mo |
| Michael Mo | ||
| Chief Executive Officer | ||
Exhibit 99.1
KULR Secures Third NASA Order for Automated Battery Cell Testing Services
SAN DIEGO / GLOBENEWSWIRE / August 31, 2023 / KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a global leader in sustainable energy management, is pleased to announce today the latest purchase order from the National Aeronautics and Space Administration (“NASA”), an independent agency of the U.S. federal government, as part of a multi-phase agreement for its advanced automated battery cell screening system. This recent procurement involves the assessment of 10,000 LG Chem Lithium-Ion INR18650 M36T cells.
According to Straits Research, the global battery cell testing market was valued at USD 5 billion in 2021 and is anticipated to reach USD 7 billion by 2030. The market is projected to grow at a CAGR of 4% during the forecast period (2022–2030).
In collaboration with NASA, KULR specializes in the evaluation of battery cells vital for manned space missions. Due to increasing demand, the company plans to expand its technology to support 21700 cells, with functionality expected by the end of the current year. This enhancement will amplify the safety, dependability, and efficacy of cells for a broader array of mission-critical applications.
KULR's modular screening technology allows for easy scalability to meet evolving market needs. This project signifies another key development in the strategic partnership between KULR and NASA, reinforcing KULR's role as a crucial player in aerospace energy management and battery safety.
As the push for electrification and sustainable energy intensifies, the KULR team believes that it is optimally positioned to capitalize on emerging opportunities. This endeavor has also paved the way for further collaborative efforts within the sector, focused on advancing battery design and safety measures.
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