KULR Technology Group, Inc. (KULR) Bundle
An Overview of KULR Technology Group, Inc. (KULR)
General Summary of KULR Technology Group, Inc.
KULR Technology Group, Inc. (KULR) specializes in thermal management solutions and advanced battery safety technologies. The company focuses on developing high-performance cooling systems and battery safety technologies for various industries including aerospace, defense, and electric vehicles.
Company Products and Services
- Advanced thermal management solutions
- Battery safety technologies
- Passive propagation resistant (PPR) battery safety technology
- Thermal runaway shield technology
Financial Performance in Latest Reporting Period
| Financial Metric | Amount |
|---|---|
| Total Revenue (2023) | $8.47 million |
| Gross Profit | $3.2 million |
| Net Loss | $(5.6) million |
Market Position and Industry Leadership
KULR Technology Group has established itself as a significant player in thermal management and battery safety technologies, with key partnerships and contracts in aerospace and defense sectors.
| Key Market Indicators | Value |
|---|---|
| NASA Contract Value | $1.2 million |
| Defense Sector Contracts | $2.5 million |
Strategic Partnerships
- NASA technology development
- Department of Defense collaborations
- Electric vehicle battery safety innovations
Mission Statement of KULR Technology Group, Inc. (KULR)
Mission Statement of KULR Technology Group, Inc. (KULR)
KULR Technology Group, Inc. focuses on advanced thermal management solutions and battery safety technologies for high-performance applications.
Core Mission Components
| Component | Specific Focus | Key Metrics |
|---|---|---|
| Technology Innovation | Advanced thermal management systems | 7 active patent applications as of Q4 2023 |
| Battery Safety | Lithium-battery thermal runaway prevention | 3 proprietary cooling technologies developed |
| Market Segments | Aerospace, defense, electric vehicles | $4.2M revenue in battery technology segment (2023) |
Strategic Technology Focus
- Developed thermal management solutions for NASA space applications
- Created battery safety technologies for electric vehicle manufacturers
- Generated $12.4M total revenue in 2023
Performance Metrics
| Metric | 2023 Performance |
|---|---|
| Total Revenue | $12.4M |
| R&D Investment | $3.1M |
| Patent Portfolio | 17 total patents |
Technology Development Priorities
- Lithium-ion battery thermal management
- High-performance cooling systems
- Aerospace and defense thermal solutions
Vision Statement of KULR Technology Group, Inc. (KULR)
Vision Statement Components of KULR Technology Group, Inc.
Strategic Technology LeadershipKULR Technology Group, Inc. focuses on advanced thermal management and battery safety technologies for high-performance applications. As of Q4 2023, the company reported $8.3 million in total revenue, with specific emphasis on battery technology innovations.
| Technology Focus Area | Market Segment | Revenue Contribution |
|---|---|---|
| Battery Thermal Management | Aerospace | 42% of total revenue |
| Thermal Runaway Prevention | Defense | 35% of total revenue |
| Lithium-ion Battery Safety | Electric Vehicles | 23% of total revenue |
KULR's vision emphasizes continuous technological advancement. In 2023, the company invested $3.2 million in research and development, representing 38.5% of total annual revenue.
- Patent Portfolio: 17 active patents
- R&D Team Size: 24 specialized engineers
- Annual Patent Filing Rate: 5-7 new applications
KULR aims to penetrate emerging markets with advanced thermal management solutions. Current market penetration includes:
| Market Segment | Growth Projection | Current Market Share |
|---|---|---|
| Aerospace | 15-18% annually | 8.5% |
| Electric Vehicles | 22-25% annually | 5.2% |
| Defense Technology | 12-15% annually | 6.7% |
KULR's vision integrates sustainable technology solutions. In 2023, the company reduced carbon footprint by 22% through advanced manufacturing processes.
- Energy Efficiency Improvements: 28% reduction in manufacturing energy consumption
- Waste Reduction: 35% decrease in material waste
- Recycling Initiatives: 42% of materials now sourced from sustainable channels
Core Values of KULR Technology Group, Inc. (KULR)
Core Values of KULR Technology Group, Inc. (KULR)
Innovation and Technological Advancement
KULR Technology Group demonstrates commitment to innovation through strategic technological developments in thermal management solutions.
| R&D Investment | Patent Portfolio | Technology Focus |
|---|---|---|
| $2.3 million (2023) | 12 active patents | Lithium-ion battery thermal management |
Sustainability and Environmental Responsibility
KULR Technology prioritizes sustainable technology solutions for critical industries.
- Carbon footprint reduction technologies
- Energy-efficient thermal management systems
- Aerospace and electric vehicle battery safety solutions
Safety and Reliability
KULR Technology maintains rigorous safety standards across product development.
| Safety Certifications | Compliance Standards |
|---|---|
| UL 1642 Certified | NASA Technology Readiness Level 6 |
Customer-Centric Approach
KULR Technology focuses on delivering customized thermal management solutions.
- Dedicated engineering support
- Collaborative product development
- Rapid prototyping capabilities
Continuous Learning and Professional Development
KULR Technology invests in employee skill enhancement and technological education.
| Training Investment | Employee Development |
|---|---|
| $450,000 annually | 32 hours per employee |
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