Breaking Renewable Energy and Defense Stock News: KULR (NYSE: $KULR) Awarded U.S. Navy Contract to Develop High-Temperature Internal Short Circuit Cells for Enhanced Battery Safety in Critical Applications; @KULRTech

Breaking Renewable Energy and Defense Stock News: KULR (NYSE: $KULR) Awarded U.S. Navy Contract to Develop High-Temperature Internal Short Circuit Cells for Enhanced Battery Safety in Critical Applications; @KULRTech

 

Houston - November 25, 2024 (Investorideas.com Newswire) KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a provider of advanced thermal management solutions, has been awarded a contract by the U.S. Navy to advance its Internal Short Circuit (ISC) technology to activate at higher temperatures. This development, vital for both military and commercial applications, will support a wide range of safety-critical uses, with particular importance for aviation by enabling the simulation of extreme conditions that better reflect the stringent safety standards of the Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA).

 

KULR's ISC devices, originally developed in collaboration with NASA and the National Renewable Energy Laboratory (NREL), induce controlled thermal runaway in lithium-ion cells, offering safer and more accurate testing than conventional methods. With the capability to activate at elevated temperatures, the new ISC devices provide deeper insights into battery behavior under worst-case scenarios, allowing for a precise evaluation of resilience and safety for high-stress environments.

 

This news is paid advertisement/ news disseminated on behalf of/issued on behalf of KULR Technology Group, Inc.

 

Read this news featuring KULR in full at https://www.investorideas.com/news/2024/11251KULR-US-Navy-Contract-High-Temperature-Internal-Short-Circuit-Cells.asp

 

Advantages of High-Temperature ISC Activation

High-temperature ISC activation supports critical advancements in aviation safety by:

• Accurately Simulating Extreme Conditions: Higher temperature activation mirrors real-world operational stresses, offering precise data on thermal runaway behavior essential for electric and hybrid-electric aircraft.
• Achieving Greater Consistency with Safety Standards: The advanced ISC testing helps align battery safety development with the rigorous safety expectations of FAA and EASA as electric aviation progresses toward certification.
• Enhancing Military and Commercial Safety: The technology provides both the U.S. Navy and commercial aviation sectors with tools to rigorously evaluate battery resilience, bolstering mission safety and reliability.

 

"Our work with the U.S. Navy on high-temperature ISC technology will enhance safety protocols and provide essential data as electric aviation moves closer to regulatory certification and market entry," said Michael Mo, CEO of KULR Technology. "With these advancements, KULR is well-positioned to support safer, more resilient battery systems across the aviation industry."

 

This contract further strengthens KULR's role as a critical partner in battery safety advancements. Combined with our growing capability to evaluate large-format cells and battery packs during thermal runaway, KULR is uniquely positioned to support the aviation sector in meeting safety standards and advancing safely to market. For more information on KULR's ISC technology and its applications, please visit kulrtechnology.com.

 

About KULR Technology Group, Inc.

KULR Technology Group Inc. (NYSE American: KULR) delivers cutting edge energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. The Company's holistic offering allows delivery of commercial-off-the-shelf and custom next generation energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. 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 April 12, 2024, 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 because of new information, future events or otherwise.

 

Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulrtechnology.com

 

KULR Technology Group, Inc. (NYSE: KULR) is a featured renewable energy stock on Investorideas.com

 

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Disclaimer/Disclosure: Disclosure: (NYSE: KULR) is a paid featured company on Investorideas.com effective July 2024 for 3 months. lInvestorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. Contact management and IR of each company directly regarding specific questions. More disclosure info can be found here. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/

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Breaking Cleantech Automotive Stock News: Worksport (NASDAQ: $WKSP) Increases Production Capacity to Meet Growing Sales Demand; @WorksportLtd

Breaking Cleantech Automotive Stock News: Worksport (NASDAQ: $WKSP) Increases Production Capacity to Meet Growing Sales Demand; @WorksportLtd

 

Company Aims for 100% Growth in Monthly Online Sales in the Near-Term; AL4 Tonneau Cover Launch Set for December

 

West Seneca, New York - November 22, 2024 (Investorideas.com Newswire) Worksport Ltd. (NASDAQ: WKSP) ("Worksport" or the "Company"), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors is pleased to announce an expansion of its manufacturing workforce to meet accelerating sales demand. Since the start of Q4, the Company has increased its plant worker count by 30%, positioning itself to enhance production capacity and improve margins.

 

Scaling Production to Meet Growing Demand

• Increased Workforce: The expansion of the production team is a strategic move to accommodate the significant growth in Worksport's business-to-consumer (B2C) and business-to-business (B2B) sales
• Sales Growth: The Company is now targeting $1 million in monthly online sales in the near-term, aiming for a 100% increase in top line revenue from the approximately $500,000 per month reported less than 60 days ago.
• Second Shift Preparation: To support the scheduled end-of-the-year launch of the higher margin AL4 tonneau cover, Worksport is adding a new evening production shift. This expansion will boost production capacity, enabling the Company to meet escalating demand and drive increased revenues and profitability. Investors can expect an update on the AL4 pre-order campaign for the business-to-business (B2B) segment before the end of the year.

 

Paid News dissemination for Worksport Ltd.

 

Read this new, featuring WKSP in full at https://www.investorideas.com/news/2024/11221WKSP-Increases-Production-Capacity-to-Meet-Growing-Sales-Demand.asp

 

Management Commentary

"The Company continues to grow with new dealers, increased sales, and enhanced efficiencies each day," said Steven Rossi, CEO of Worksport Ltd. "Expanding our plant staff and initiating a second production shift are pivotal steps toward improving margins and achieving EBITDA positivity. Last Friday, the Company's market capitalization closed below our revenue projections for 2025-a year in which we believe we will be cash flow positive with increasing margins. We reiterate our strong belief that Worksport continues to be undervalued."

 

Upcoming Product Launches Driving Growth

• AL3 and AL4 Tonneau Covers: The continued rollout of these products is expected to significantly contribute to Worksport's path toward cash flow positivity in 2025.
• SOLIS and COR Clean-Tech Systems: The Company also plans to launch its highly anticipated SOLIS solar cover and COR portable energy system by Q2/Q3 2025, further enhancing revenue growth and profitability prospects.

 

Worksport Q3 Earnings Call

Q3 revenue surged to $3.12 million-a 581% year-over-year increase compared to $458,433 in Q3 2023.

Worksport held its Q3 2024 earnings call on Wednesday November 13, 2024. The prepared remarks and presented earnings call deck are available at Worksport's Investor Relations website.

 

Investor Inquiries May Be Directed To:

Investor Relations, Worksport Ltd.
T: 1 (888) 554-8789 x128
W1: https://investor.worksport.com
W2: www.worksport.com
E: investors@worksport.com

 

Key 2024 Press-Releases:

• October 17: Nasdaq Grants Extension To Regain Compliance
• October 17: $2MM+ Projected Savings From New Strategic Initiative
• October 3: Commencing U.S Government Sales
• September 30: Update On ISO Certification
• September 19: Alpha Launch of SOLIS & COR
• September 12: Record High August Sales
• September 11: Worksport COR as an EV Range Extender for Tesla Model 3
• August 14: Record High Revenues; 275% Q2 Growth
• August 1: Impressive SOLIS Solar Cover Test Results
• May 8: Worksport Awarded $2.8MM Grant

Read all Worksport press releases: [Link to All Press Releases].

 

Stay Connected

• Investor Newsletter: Investors and customers are invited to follow Worksport's progress as it builds on this momentum and strives to redefine industry standards with each new corporate development. Link to Newsletter
• Contact Information

 

Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128 W: investors.worksport.com E: investors@worksport.com
W: worksport.com

 

About Worksport

Worksport Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. Worksport has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport's hard-folding cover, designed and manufactured in-house, is compatible with RAM, Chevrolet, and GMC models from General Motors, as well as Ford, Jeep, Nissan, and Toyota pickup trucks. Worksport seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and NP (Non-Parasitic), Hydrogen-based technology.

Terravis Energy's website is terravisenergy.com. For more information, please visit investors.worksport.com.

 

Connect with Worksport

Please follow the Company's social media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube, and Instagram (collectively, the "Accounts"), the links of which are links to external third party websites, as well as sign up for the Company's newsletters at investors.worksport.com. The Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third-party websites other than content published by the Company.

 

Product social media

Instagram
Facebook
YouTube

 

Investor social media

X (formerly Twitter)
LinkedIn
Link to Newsletter

 

Investors and others should note that the Company announces material financial information to our investors using our investor relations website, press releases, Securities and Exchange Commission ("SEC") filings, and public conference calls and webcasts. The Company also uses social media to announce Company news and other information. The Company encourages investors, the media, and others to review the information the Company publishes on social media.

 

The Company does not selectively disclose material non-public information on social media. If there is any significant financial information, the Company will release it broadly to the public through a press release or SEC filing prior to publishing it on social media.

 

For additional information, please contact:
Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128 W: investors.worksport.com W: www.worksport.com E: investors@worksport.com

 

Forward-Looking Statements
The information contained herein may contain "forward looking statements." Forward looking statements reflect the current view about future events. When used in this press release, the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan," "project," "should," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to sell our products; and (iv) competition from other producers of similar products. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the SEC, including, without limitation, our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's web site at www.sec.gov. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. The forward-looking statements made in this press release are made only as of the date of this press release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.

 

Worksport Ltd. (Nasdaq: WKSP) is a featured renewable energy/automotive stock on Investorideas.com

 

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Disclaimer/Disclosure: Disclosure: Worksport Ltd. (Nasdaq: WKSP) is a paid featured company on Investorideas.com effective  October 18^th 2024 for 2 months. lInvestorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. Contact management and IR of each company directly regarding specific questions. More disclosure info can be found here. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

 

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Breaking Renewable Energy Stock News: KULR (NYSE: $KULR) Designs for Small Modular Nuclear Fusion Reactors; @KULRTech

Breaking Renewable Energy Stock News: KULR (NYSE: $KULR) Designs for Small Modular Nuclear Fusion Reactors; @KULRTech

 

Houston, TX - November 20, 2024 (Investorideas.com Newswire) KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a provider of advanced thermal management solutions, today announced the development of its proprietary carbon fiber designed custom cathodes in small modular reactors (SMRs) for a prominent nuclear fusion company. As global demand for sustainable energy grows in response to an increased focus on nuclear from hyperscalers aiming to keep up with the rising energy demands of data centers related to the AI boom, KULR’s innovations are contributing to the increasing buildout of abundant, clean energy sources.

 

Nuclear fusion, often regarded as the "holy grail" of clean energy, offers the promise of unlimited energy production free from fossil fuels, with a low environmental impact compared to conventional nuclear fission. By working with leading nuclear fusion companies, KULR aims to advance the possibilities of fusion technology to meet the energy demands of tomorrow while addressing climate change.

 

According to Goldman Sachs, data center energy demand currently represents 1-2% of global demand and is set to double by 2030 largely driven by demand for AI powered applications.

 

The custom cathodes designed by KULR will be implemented in a laser-based nuclear fusion system for small modular reactors, an emerging technology with the potential to deliver affordable, reliable nuclear fusion energy. Laser-based fusion is a rapidly advancing approach that utilizes high-powered lasers to initiate fusion reactions, offering a promising alternative to traditional fusion methods.

 

The Company's proprietary carbon fiber cathode, designed initially for aerospace and defense applications, has proven capabilities in harsh environments. This innovative material was developed alongside related technologies which are utilized in aerospace and missile systems, including the Mars Rover. The same high-performance standards that enable success in space missions are now being applied to energy platforms on Earth.

 

This news is paid advertisement/ news disseminated on behalf of/issued on behalf of KULR Technology Group, Inc.

 

Read this news, featuring KULR in full at https://www.investorideas.com/news/2024/11201KULR-Small-Modular-Nuclear-Fusion-Reactors.asp

 

"KULR's expertise in space-proven engineering uniquely positions us to support mission-critical energy solutions," KULR CEO Michael Mo added. "By applying our advanced materials to nuclear fusion, we are taking meaningful steps toward addressing the United States' critical energy needs and advancing its broader goals of energy security and sustainability".

 

This new application of KULR's technology in laser-based nuclear fusion for small modular reactors reinforces the company's leadership in the energy management space, as well as its commitment to advancing the global energy transition. With this engagement, KULR continues to demonstrate how innovative engineering can play a pivotal role in shaping a cleaner, more sustainable future.

 

About KULR Technology Group, Inc.

KULR Technology Group Inc. (NYSE American: KULR) delivers cutting edge energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. The Company's holistic offering allows delivery of commercial-off-the-shelf and custom next generation energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. 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 April 12, 2024, 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 because of new information, future events or otherwise.

 

Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulrtechnology.com

 

KULR Technology Group, Inc. (NYSE: KULR) is a featured renewable energy stock on Investorideas.com

 

More info on KULR at Investorideas.com Visit: https://www.investorideas.com/CO/KULR/

 

 

Disclaimer/Disclosure: Disclosure: (NYSE: KULR) is a paid featured company on Investorideas.com effective July 2024 for 3 months. lInvestorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. Contact management and IR of each company directly regarding specific questions. More disclosure info can be found here. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/

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