Risk vs Reward
2 days ago
KULR Adds United Parcel Service to its Battery Safety Shipping Platform, Forms Strategic Partnership with Safeware for Online Marketplace
Source: GlobeNewswire Inc.
KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in safe and high-performance energy storage solutions, is excited to announce the launch of the KULR Online Marketplace. This innovative platform is now live and features the Safe-X product line, including SafeCASE models and SafeSLEEVE products, available for purchase both on KULRโs online marketplace and through Safeware.com, a premier distributor for Hazmat and fire safety equipment.
The KULR SafeCASE and SafeSLEEVE have received United States Department of Transportation (DoT) approval under a special permit and are accepted by United Parcel Service for transporting batteries, with each individual battery up to 300Wh (Watt-hours). The SafeSLEEVE is ideal for transporting multiple smartphones, tablets, and laptop batteries up to 300Wh, while the SafeCASE is suited for larger batteries used in power tools and energy storage products up to 2.5KWh (Kilowatt-hours). These products provide a safe and regulation-compliant transportation solution. For complete shipping guidelines, please refer to KULR's shipping instructions.
The KULR Online Marketplace represents a pivotal expansion in KULRโs sales strategy, offering a direct order facility that complements its traditional distribution channels. Currently, the marketplace offers a range of Safe-X products, with plans to expand its offerings to include Internal Short Circuit (ISC) trigger cells, rapid engineering design services, rotor track and balance solutions using KULR VIBE, and other advanced technologies in the near future.
"Our partnership with Safeware marks a crucial step in our mission to provide advanced safety and thermal management technologies to the hazardous materials (Hazmat) community," said Ted Krupp, VP of Sales and Marketing at KULR Technology Group. "Safewareโs status as an approved vendor for numerous fire departments and Hazmat groups across the country allows us to reach these critical customers more effectively and ensure they have the tools they need for safe and efficient operations."
Safeware echoed similar enthusiasm for the partnership. Scott Simons, Director of Vendor Relations, commented, "At Safeware, we're committed to protecting first responders and safety workers across the United States. Partnering with KULR and the SafeCASE helps us achieve this with reliable, data-driven solutions that are immediately available and backed by extensive testing."
KULR Technology is committed to driving innovation and accessibility in the safety and thermal management sectors. For more information about the KULR Online Marketplace and to view the available products, please visit www.kulrtechnology.shop.
4retire
2 days ago
Youโll be in tall cotton then. Congratulations. While this should be a better 10Q, the promise was made that by 2nd quarter was their determination for profitability. Then again, increased sales with increased gross profit percentage may shorten the time it takes for at least break even.
What has concerned me and kept my buying in check is the huge R & D expenses as well as the marketing expenses. I donโt know why KULR canโt/hasnโt charged customers for the Engineering expenses required to come up with solutions for specific customer problems. As far as marketing expenses, we should be known by now as a company that provides solutions for electrification and vibration problems. Therefore Iโm hoping for big reductions in those expenses.
Of another concern is why the G.P. is this low for a manufacturer of proprietary products/solutions. While we have competition, I donโt think others have our capabilities or pedigree. That being said, Iโm excited that weโre about to turn the corner on profitability and that weโre certainly growing our customer base.
double_m
4 days ago
KULR Technology Group Sets First Quarter 2024 Earnings Call for Wednesday, May 15, 2024 at 4:30 p.m. ET
SAN DIEGO / GLOBENEWSWIRE / May 10, 2024 / KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, will hold a conference call on Wednesday, May 15th at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the first quarter ended March 31, 2024. The financial results will be issued in a press release prior to the call.
https://ih.advfn.com/stock-market/AMEX/kulr-technology-KULR/stock-news/93827937/form-8-k-current-report