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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):
November 28, 2023
KULR TECHNOLOGY GROUP, INC. |
(Exact name of the registrant as specified in its
charter) |
Delaware |
|
001-40454 |
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81-1004273 |
(State or other jurisdiction of
incorporation) |
|
(Commission
File Number) |
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(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) |
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¨ |
Soliciting material pursuant to Rule 14A-12 under the Exchange Act (17 CFR 240.14a-12) |
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¨ |
Pre-commencement communications pursuant to Rule 14D-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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¨ |
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) |
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Name of Each Exchange on Which
Registered |
Common Stock |
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KULR |
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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 November 28, 2023,
KULR Technology Group, Inc. (the “Company”) issued a press release announcing receipt of a follow-on contract from a
leading Department of Defense contractor for advanced thermal management systems in a next-generation air-to-air missile program. The
multi-year follow-on engagement has a total contract value to KULR of approximately over $8 million.
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 as 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.
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.
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KULR TECHNOLOGY GROUP, INC. |
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Date: November 28, 2023 |
By: |
/s/ Michael Mo |
|
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Michael Mo |
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Chief Executive Officer |
Exhibit 99.1
KULR Secures
Multi-Million Dollar Follow-On Defense Contract, Reinforcing Aerospace Innovation
SAN DIEGO / GLOBENEWSWIRE / November 28, 2023 / KULR Technology
Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management,
is pleased to announce the receipt of a follow-on contract from a leading Department of Defense
("DoD") contractor for advanced thermal management systems in a next-generation air-to-air missile program. This contract signifies
KULR's expanding position in the defense sector as the Company anticipates consistent demand for its solutions through 2030, opening
avenues for additional opportunities in similar fields. The multi-year follow-on engagement has an estimated total contract value to
KULR of over $8 million.
Today's announcement further
strengthens KULR's longstanding track record of successful collaborations with leading DoD contractors, highlighting the Company's ongoing
dedication, strong presence, and expansion within the aerospace and defense sector.
At the heart of this initiative
is KULR's innovative Fiber Thermal Interface ("FTI") materials. Designed and produced in the USA, these carbon-based fiber materials
tackle thermal management challenges in high-power systems by enhancing thermal contact and minimizing surface irregularities. This breakthrough
results in increased power densities, thermal stability, and reliability, especially in harsh conditions. Additionally, its low contact
pressure and high bond line thickness contribute to reduced manufacturing costs. KULR's breakthrough in thermal management technologies
promises to influence a range of high-tech industries, reinforcing the company's commitment to innovation and efficiency.
IMARC Group forecasts the global
thermal interface materials (“TIM”) market to reach US$ 5.5 Billion by 2028, exhibiting a growth rate (CAGR) of 9.4%
from 2023 to 2028. According to the report, the increasing demand for efficient thermal management solutions, the development of new
TIM formulations and technologies, the rising demand for electronic devices, the miniaturization of electronic components, and the rapid
technological advancements in semiconductor technology are some factors propelling the market.
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, 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
Media Relations:
Further PR
Email: press@furtherpr.com
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