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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):
January 14, 2025
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 30, 2024, KULR Technology Group, Inc. (the “Company”
or “KULR”) issued a press release announcing the signing of a multi-million-dollar licensing agreement with a new technology
partner to enable advanced carbon fiber cathode applications for nuclear reactor systems in Japan.
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.
Exhibit
No. |
|
Description |
| 99.1 |
|
Press Release dated January 14, 2025 |
| 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: January 14, 2025 |
By: |
/s/ Michael Mo |
| |
|
Michael Mo |
| |
|
Chief Executive Officer |
Exhibit 99.1
KULR Grants Carbon Fiber Cathode License for
Nuclear Reactor Application
HOUSTON / January 14, 2025 / KULR
Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy
management platforms, today announced the signing of a multi-million-dollar licensing agreement with a new technology partner (“Licensee”)
to enable advanced carbon fiber cathode applications for nuclear reactor systems in Japan.
Applications for Carbon Fiber Cathode Technology
The licensed carbon fiber cathode solutions are specifically engineered
for critical use in nuclear reactors, offering enhanced safety, superior heat dissipation, and structural integrity. The carbon fiber-based
thermal interface materials provide high-performance solutions for demanding nuclear energy applications.
The license will be applied to laser-based nuclear fusion systems
as well as small modular reactors (SMR’s) - a rapidly emerging technology with the potential
to deliver cost-effective and reliable fusion energy. Laser-based fusion employs high-powered lasers to initiate fusion reactions, representing
a groundbreaking alternative to traditional methods.
Strategic Market Opportunities
This licensing agreement underscores KULR’s leadership in carbon
fiber-based energy solutions and opens new opportunities for advancements in nuclear technology within Japan and the broader Asian market.
By leveraging its innovative carbon fiber cathode technology, KULR aims to contribute to the development of fusion technology to meet
the world's increasing energy demands while addressing climate change.
According to Goldman Sachs,
data center energy demand - currently representing 1-2% of global demand - is projected to double by 2030. This growth is driven by hyperscalers
increasingly focusing on nuclear energy to meet the rising demands of AI-powered applications
in data centers. With global electricity use projected to rise by as much as 75% by 2050 (U.S. Department
of Energy), KULR’s technology is poised to play a pivotal role in addressing these challenges.
“This licensing agreement represents a significant milestone
for KULR as we expand the applications of our carbon fiber technologies into the nuclear energy sector,” said Michael Mo, CEO of
KULR Technology Group. “We are proud to partner with an innovative Licensee to bring our cutting-edge cathode and thermal interface
materials to the forefront of nuclear reactor technology.”
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. On December 4, 2024, KULR announced
that its Board of Directors has agreed to include bitcoin as a primary asset in its treasury program and committed to allocating up to
90% of its surplus cash to the acquisition of bitcoin. 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 based
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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