KULR Technology Group announces NASA-certified M35A battery cells for space applications, enhancing procurement options for aerospace customers.
Quiver AI Summary
KULR Technology Group, Inc. has announced the availability of NASA-certified M35A battery cells, compliant with JSC 20793 for use in space applications. These 18650 cells have met NASA's rigorous validation standards and feature exceptional cold-weather performance with high energy density, crucial for NASA's Artemis II mission. KULR is also incorporating these cells into its upcoming K1 Space battery, set for completion in early 2025. The company aims to expand its offerings through the Strategic Battery Reserve initiative, allowing for faster procurement options for aerospace and defense customers. KULR's CEO emphasized the company's commitment to delivering high-performance, reliable energy solutions for challenging missions in space exploration.
Potential Positives
- KULR Technology Group has announced the immediate availability of NASA-certified M35A battery cells, enhancing its product offerings for aerospace and defense.
- The M35A cells meet rigorous NASA standards, providing confidence in their reliability and performance for critical applications, particularly in the Artemis II mission.
- KULR is integrating these cells into the upcoming 400 Wh K1 Space battery, set for completion in early January 2025, positioning the company for significant future projects.
- The collaboration with NASA to expand the Strategic Battery Reserve will facilitate faster procurement options, reinforcing KULR's role as a key player in innovative energy solutions for space exploration.
Potential Negatives
- The announcement of the M35A battery cells may imply reliance on NASA partnerships, raising concerns about KULR's ability to innovate and deliver independently in the competitive aerospace sector.
- The lack of clear financial projections or impact on revenue from the new battery cells may cast doubt on the short-term economic benefits of this product development.
- The need for comprehensive validation processes and collaboration with NASA could indicate potential delays in bringing products to market, affecting KULR's competitive edge.
FAQ
What are NASA-certified M35A battery cells?
NASA-certified M35A battery cells are advanced battery cells qualified for use in JSC 20793-compliant battery packs, designed for space applications.
What applications will the M35A cells be used for?
The M35A cells are strategic components for NASA's Artemis II mission and will also power KULR's 400 Wh K1 Space battery.
How does KULR ensure the quality of M35A cells?
KULR ensures quality through rigorous validation processes, including additional screening under WI-37, to meet NASA's stringent requirements.
When will the K1 Space battery be completed?
The K1 Space battery is scheduled for completion in early January 2025, followed by a review by NASA safety boards.
How does KULR support aerospace and defense customers?
KULR supports aerospace and defense customers by providing tailored solutions, including turn-key battery packs and comprehensive qualification testing.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$KULR Insider Trading Activity
$KULR insiders have traded $KULR stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here's a breakdown of recent trading of $KULR stock by insiders over the last 6 months:
- TERRY KEITH COCHRAN (President and COO) has traded it 3 times. They made 0 purchases and 3 sales, selling 378,000 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$KULR Hedge Fund Activity
We have seen 16 institutional investors add shares of $KULR stock to their portfolio, and 21 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ENZI WEALTH added 500,000 shares (+inf%) to their portfolio in Q3 2024
- GEODE CAPITAL MANAGEMENT, LLC added 479,026 shares (+44.5%) to their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC removed 288,426 shares (-68.1%) from their portfolio in Q3 2024
- BRIDGEWAY CAPITAL MANAGEMENT, LLC removed 198,700 shares (-100.0%) from their portfolio in Q2 2024
- JANE STREET GROUP, LLC removed 172,357 shares (-100.0%) from their portfolio in Q3 2024
- VIRTU FINANCIAL LLC added 100,885 shares (+inf%) to their portfolio in Q3 2024
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 79,104 shares (+inf%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HOUSTON, Dec. 03, 2024 (GLOBE NEWSWIRE) --
KULR Technology Group, Inc.
(NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced thermal management and vibration reduction solutions, is pleased to announce the immediate availability of NASA-certified M35A battery cells, qualified for use in JSC 20793-compliant battery packs. These 18650 cells are ready for procurement and represent a critical advancement in KULR's mission to provide rapid access to certified space-ready solutions.
The M35A cells have undergone rigorous validation, meeting NASA's stringent requirements through both initial lot assessment and lot acceptance processes conducted under formal NASA Work Instructions. KULR has enhanced this validation by performing additional screening under WI-37, ensuring the cells meet the highest standards for mission-critical applications. To ensure full traceability, KULR provides comprehensive data from the screening process, along with lot and serial numbers, enabling customers to track each cell from its date of manufacture.
The M35A is a strategic component of NASA's Artemis II mission, recognized for its exceptional cold-weather performance with an energy density of 214 Wh/kg at C/20 and -20°C. KULR is also integrating the M35A into its proprietary 400 Wh K1 Space battery, a cutting-edge solution designed to meet the demands of human space exploration. The K1 Space battery is scheduled for completion in early January 2025, with a formal review by the NASA safety boards to follow shortly thereafter.
In collaboration with NASA, KULR is working towards expanding the Strategic Battery Reserve to include larger-format cells and a broader range of qualified technologies. This initiative will enable faster procurement options and wider accessibility to 20793-compliant solutions for aerospace and defense customers.
"By offering NASA-certified cells and tailored solutions, KULR is committed to accelerating innovation and enabling our customers to meet their most challenging missions," said Michael Mo, CEO of KULR Technology Group. "Whether it's turn-key battery packs, qualification testing, PPR materials, or approved cells, our close collaboration with NASA positions us to deliver unmatched performance and reliability for space applications."
This announcement reinforces KULR's commitment to advancing the frontiers of space exploration by delivering solutions that exceed industry standards for safety, reliability, and performance.
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
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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
