All right, welcome everyone to the KULR Technology Group shareholder update call and discussion of the first quarter results. I am your host for the call today, Stuart Smith of SmallCapVoice.com. Before we get started on the call, I would like to read the safe harbor statement that you can find in all of the company’s filings and press releases.
This uplist to a senior U.S. exchange represents another important milestone in our Company’s history. I want to thank our employees for their hard work and perseverance in support of this great accomplishment, and concurrently, our shareholders for their patience and contin…
The permit issuance comes at a crucial time for the general public since lithium batteries used by consumers and companies such as outdoor power equipment manufacturers are increasingly larger and more energy dense, such as batteries for lawn mowers, snow blowers and power tools. These batteries require shipment for recycling when they reach end of life.
Issuance of United States Patent Number 11018397 Further Bolsters Intellectual Patent Portfolio
“Excited to have KULR expand to our INDYCAR family for this year’s Indy 500,” said Marissa Andretti, Vice President, Andretti Autosport. “We already collaborate together on other motorsports projects, and we are both huge proponents of highlighting technical excellence, racing safety, and team building. I’m excited to see what we can accomplish together – both on and off the track.”
KULR’s Q1 revenue increased by 439% year-over-year as we continue to make significant investments in all areas of our business to sustain and expand in 2021 and beyond. We are pleased to announce the Company recently raised $6.5 million in capital on May 20, 2021.
KULR has entered into a securities purchase agreement with Yorkville Advisors for the purchase and sale of an aggregate of 650 shares of Preferred Stock (the “Preferred Stock”), with each share of Preferred Stock having a stated value of $10,000 per share and being convertible…
KULR’s disruptive thermal management technologies strive to fulfill an addressable $24 Billion thermal management systems market. KULR’s integrated design approach offers comprehensive solutions in thermal interface materials, lightweight heat exchangers, and protection against lithium-ion battery thermal runaway propagation.