エドガーで原本を確認する
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): September 20, 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 September 20, 2023, KULR Technology Group, Inc. (the “Company”) issued a press release announcing that the Company has partnered today with Velos Rotors (“Velos”) to provide its KULR VIBE service as an added enhancement to the Velos V3 UAV helicopter, with the objective of reducing vibration and increasing balance of UAV payloads that are highly sensitive to aircraft vibration.
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 September 20, 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: September 20, 2023 | By: | /s/ Michael Mo |
| Michael Mo | ||
| Chief Executive Officer | ||
Exhibit 99.1
KULR Technology Group to Supply Velos Rotors with Vibration Reduction Technology
KULR VIBE service to help reduce noise and vibration while enhancing the overall balance of Velos’ V3 UAV helicopter for highly sensitive payloads
SAN DIEGO / GLOBENEWSWIRE / September 20, 2023 / KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today partnered with Velos Rotors (“VELOS”) to provide its KULR VIBE service as an added enhancement to the Velos V3 UAV helicopter for reducing vibration and increasing balance of UAV payloads that are highly sensitive to aircraft vibration.
The collaboration between KULR Technology and VELOS aims to enhance the performance of sophisticated payloads typically found in VELOS drones, such as LIDAR, infrared, and high-precision optical cameras. During the initial testing of the Velos V3 with the KULR VIBE service, the prop imbalance was reduced to 0.026 inches per second (IPS) with a reduction in overall damping and weight. By addressing vibration directly at the rotor level, KULR VIBE significantly improves data quality and visual clarity, compared to traditional methods that rely on isolation or damping techniques. The partnership will proceed with a series of trials in the coming months, using various cameras on VELOS drones to further validate these findings.
“Our Velos V3 already was a very stable platform, but some customers carry payloads with highly sensitive sensors,” said Velos Rotors Chief Executive Officer Michael Seal. “The KULR VIBE service measures minute variances in the Velos V3 and can prescribe precise modifications that add minimal weight and help reduce noise and vibration for those highly sensitive payloads.”
“The Velos V3 offers a rugged UAV option for carrying scanning sensors and cameras,” said KULR Technology Group Vice President of Sales and Marketing Ted Krupp. “Adding our KULR VIBE service will help more organizations use the Velos V3 for their missions.”
The KULR VIBE platform utilizes learning algorithms to detect sources of inefficiency-inducing vibrations and executes balance corrections based on hierarchical significance. Data from individual rotor components is analyzed by KULR, allowing the platform to refine and adapt its balancing methodologies in response to real-time feedback. A white paper detailing these advancements is set for release in early 2024. For those interested in participating in this pioneering study, please contact sales@kurltechnology.com.
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.
About Velos Rotors
Velos Rotors (www.velosuav.com) has been producing high quality UAV helicopters since 2014 for customers in the US, Europe, and Asia. Velos is simple to fly while offering high reliability, flight time and payload capacity. The drone was designed with three main objectives in mind: safety, efficiency, and reliability. Velos is the safest UAV in its class and the best tool for demanding and critical projects where reliability and effectiveness are key. Examples include rescue missions, human organ transportation, and the use of expensive and sensitive sensors in demanding survey missions.
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 Annual Report Form 10-K filed with the Securities and Exchange Commission on March 28, 2023, 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. Except as required by law, 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