KULR Technology Group, Inc. (KULR): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how advanced thermal management solutions are revolutionizing industries from aerospace to electric vehicles? KULR Technology Group Inc. (KULR), with a market cap of $364.02 million, stands at the forefront of this innovation, developing and commercializing high-performance thermal management technologies. But what exactly does KULR do, who owns it, and how does it make money? Keep reading to discover the history, ownership structure, mission, and business model that drive this cutting-edge company.

KULR Technology Group, Inc. (KULR) History

The company was established in 2013.

The original location of the company was in Pleasanton, California.

The founding team members include:

• Michael Mo (Co-founder, President, and CEO)
• Dr. Timothy Knowles (Co-founder and Director)
• Daniel Choi (Co-founder and CFO)

The initial capital and funding details are not available in the provided search results.

Evolution Milestones

Transformative Moments

• Focus on Space Applications: Providing thermal solutions for space applications demonstrated the company's capabilities in extreme environments, opening doors for high-reliability applications.
• Expansion into Battery Safety: Diversifying into battery safety testing and design services allowed the company to address the growing market need for safer battery solutions, particularly in the EV and energy storage sectors.
• Strategic Partnerships and Contracts: Securing key contracts in the electric vehicle (EV) and energy storage markets significantly expanded the company's market reach and positioned it for substantial growth.
• Facility Expansion: Opening a new high-volume production facility enhanced manufacturing capabilities and enabled the company to meet increasing customer demand, supporting further growth and market penetration.

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KULR Technology Group, Inc. (KULR) Ownership Structure

The ownership structure of KULR Technology Group, Inc. reflects a mix of individual and institutional investors, influencing the company's governance and strategic direction.

KULR's Current Status

KULR Technology Group, Inc. is a publicly traded company, which means its shares are available for purchase by the general public on a stock exchange. As of April 2025, KULR is listed on the NYSE American under the ticker symbol KULR.

KULR's Ownership Breakdown

The ownership of KULR Technology Group is distributed among various shareholders, including institutional investors, individual shareholders, and company insiders. The following table provides an overview of the ownership breakdown:

KULR's Leadership

KULR Technology Group is guided by a team of experienced leaders who steer the company's strategic initiatives and operational execution. Here are some of the key figures in KULR's leadership:

• Michael Mo: Is the Chief Executive Officer and Chairman at KULR Technology Group.
• Shawn Canter: Serves as the Chief Financial Officer at KULR.
• Dr. Timothy Knowles: Holds the position of President and Chief Technology Officer.

To gain more insight into the company's core values and long-term objectives, explore the Mission Statement, Vision, & Core Values of KULR Technology Group, Inc. (KULR).

KULR Technology Group, Inc. (KULR) Mission and Values

KULR Technology Group, Inc. aims to lead in next-generation sustainable energy management, focusing on innovative solutions and strong core values.

KULR's Core Purpose

Official mission statement

KULR Technology Group Inc.'s mission statement is to 'develop and commercialize high-performance space-proven thermal management technologies for electronics, energy storage, and other applications.' This reflects their commitment to:

• Creating cutting-edge thermal management solutions.
• Applying space-tested technology to various industries.
• Focusing on electronics and energy storage.

Vision statement

While a specific formal vision statement might not be publicly highlighted, KULR's actions and goals suggest a vision focused on:

• Becoming a leader in sustainable energy management solutions.
• Expanding the application of their technologies across new sectors.
• Driving innovation in thermal management for a more efficient and sustainable future.

Company slogan/tagline

KULR's tagline, 'Delivering the Future of Cooling,' encapsulates its commitment to:

• Spearheading advancements in cooling technology.
• Providing innovative solutions for thermal management challenges.
• Positioning itself as a forward-thinking company in the industry.

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KULR Technology Group, Inc. (KULR) How It Works

KULR Technology Group develops and commercializes thermal management technologies for electronic devices, batteries, and other applications, focusing on space exploration, defense, and electric vehicle industries.

KULR's Product/Service Portfolio

KULR's Operational Framework

KULR Technology Group operates through a combination of:

• Technology Development: Researching and developing advanced thermal management solutions using carbon fiber and other innovative materials.
• Manufacturing: Producing thermal management products, including battery safety solutions and cooling systems, in-house and through strategic partnerships.
• Testing Services: Offering battery safety and thermal management testing services to ensure products meet industry standards.
• Sales and Marketing: Selling products and services directly to customers and through distributors, targeting key industries such as aerospace, defense, and electric vehicles.

KULR's Strategic Advantages

KULR's strategic advantages include:

• Innovative Technology: KULR-Tech^® solutions offer superior thermal management performance compared to traditional materials, providing a competitive edge.
• Targeted Market Focus: Specializing in high-growth markets like electric vehicles, energy storage, and aerospace allows KULR to address specific customer needs.
• Strong Intellectual Property: Patents and proprietary designs protect KULR's technology and create barriers to entry for competitors.
• Strategic Partnerships: Collaborations with industry leaders enhance KULR's market reach and credibility.

More information can be found here: Mission Statement, Vision, & Core Values of KULR Technology Group, Inc. (KULR).

KULR Technology Group, Inc. (KULR) How It Makes Money

KULR Technology Group, Inc. primarily generates revenue through the development and commercialization of thermal management technologies, providing solutions for heat management in various applications such as energy storage, electronics, and aerospace.

KULR Technology Group, Inc.'s Revenue Breakdown

As the most recent data available is from the fiscal year 2024, the subsequent analysis will reflect that period.

KULR Technology Group, Inc.'s Business Economics

KULR Technology Group, Inc.'s business economics are influenced by several factors:

• Pricing Strategy: KULR employs a value-based pricing strategy, reflecting the performance and reliability of its thermal management solutions. Prices are set to be competitive while capturing the premium associated with advanced technology.
• Cost Structure: Key cost drivers include research and development expenses, material costs, and manufacturing overhead. Efficiency in R&D and supply chain management is crucial for maintaining profitability.
• Market Demand: The increasing demand for efficient thermal management in sectors like electric vehicles, energy storage systems, and high-performance computing drives revenue.
• Intellectual Property: KULR’s patented technologies provide a competitive advantage, supporting higher margins and barriers to entry.

KULR Technology Group, Inc.'s Financial Performance

Analyzing KULR Technology Group, Inc.'s financial performance involves looking at key indicators that reflect the company’s operational and financial health as of fiscal year 2024:

• Revenue Growth: KULR has demonstrated substantial revenue growth, driven by increased adoption of its thermal management solutions across various sectors.
• Gross Margin: The gross margin reflects the company’s efficiency in converting sales into profit. Monitoring this metric helps evaluate the sustainability of KULR’s pricing and cost management strategies.
• Operating Expenses: Significant investments in research and development and sales and marketing affect operating expenses. Managing these expenses is vital for achieving profitability.
• Cash Flow: Analyzing cash flow from operations, investing, and financing activities provides insights into KULR’s liquidity and financial stability.

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KULR Technology Group, Inc. (KULR) Market Position & Future Outlook

The company operates in the thermal management industry, focusing on providing cooling solutions for various applications. With innovative technology and strategic partnerships, the company aims to expand its market share and drive future growth.

Competitive Landscape

Opportunities & Challenges

Industry Position

The company holds a unique position within the thermal management industry, particularly due to its focus on innovative solutions for demanding applications. The company emphasizes:

• Space and Defense Applications: The company has secured contracts and partnerships within the aerospace and defense sectors, providing thermal management solutions for critical applications.
• Electric Vehicle (EV) Battery Safety: With increasing demand for safer and more efficient EV batteries, the company is positioning itself as a key provider of thermal management solutions for battery safety.
• Energy Storage Systems (ESS): The company is targeting the growing market for energy storage systems, offering solutions to manage thermal issues in large-scale battery installations.

For insights into the financial health of the company, explore this analysis: Breaking Down KULR Technology Group, Inc. (KULR) Financial Health: Key Insights for Investors