Breaking AI Stock News: KULR (NYSE: $KULR)
Signs Distribution and Integration Agreement with EDOM Technology to Support AI
Ecosystem Supply Chain; @KULRTech
Houston,
TX - January 27, 2025 (Investorideas.com Newswire) KULR
Technology Group, Inc. (NYSE
American: KULR) (the "Company"
or "KULR"), a leader in advanced energy management platforms, today
announced its strategic partnership with EDOM Technology (EDOM)
(3048.TW),
a long-standing NVIDIA Channel Partner and a premier
integration and distribution company. This collaboration positions KULR to
deliver its innovative KULR Xero Vibe™ (KXV) and KULR ONE product lines to
Taiwan, a global epicenter of AI supply chain development,
by leveraging its suite of energy management products and solutions to address
the need for large-scale systems cooling within the AI ecosystem.
The partnership will enable KULR to
service both server and edge computing devices within the AI supply chain while
deploying its suite of energy management products and solutions to meet the
needs of the entire AI ecosystem. By aligning with a strategic partner like
EDOM, KULR is positioning itself to address the global surge in demand for AI
infrastructure, fueled by initiatives like The Stargate Project making a
recent $500 billion push to accelerate AI
infrastructure expansion in the United States.
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/2025/01271KULR-Distribution-and-Integration-Agreement-with-EDOM-Technology.asp
"Our partnership with EDOM
underscores our commitment to scaling our AI solutions to meet the growing
demands of the industry," said Michael Mo, CEO of KULR Technology Group.
"EDOM’s deep-rooted relationship with NVIDIA and extensive expertise in
the AI supply chain make them an ideal partner to integrate and distribute our
technologies, such as the KXV and KULR ONE, across the region."
Taiwan plays a pivotal role in the
global AI supply chain, driving advancements that shape the future of AI
infrastructure. Highlighting this prominence, Bloomberg featured
Taiwan's critical importance in the AI ecosystem. With EDOM as its strategic
partner, KULR is set to expand its reach and impact, leveraging EDOM's market
expertise to scale its AI business in Taiwan and Asia more broadly.
In recent months, the Company has
made significant progress advancing its infrastructure buildout to support the
AI ecosystem, including:
- KXV Licensing Partnership for Data Center Cooling: KULR secured a licensing partnership with a leading Japanese
corporation specializing in systems integration and advanced semiconductor
solutions. The KXV technology will be utilized to balance industrial-scale
fan systems for data center cooling, HVAC, and other industrial
applications.
- KXV with NVIDIA Jetson: KULR launched
KXV integrated with NVIDIA Jetson, offering enhanced vibration mitigation
for edge AI applications. This integration provides superior vibration
control combined with AI capabilities for high-performance and reliable
operation in edge AI environments.
- Carbon Fiber Cathode Licensing Agreement in Nuclear Reactor Systems: KULR granted a licensing agreement to a new technology partner
for advanced carbon fiber cathode applications in nuclear reactor systems
in Japan. The license will support laser-based nuclear fusion systems and
small modular reactors (SMRs), a cutting-edge, cost-effective, and
reliable approach to fusion energy using high-powered lasers. According
to Goldman Sachs Research, nuclear power
will be a key part of a suite of new energy infrastructure built to meet
surging data-center power demand driven by artificial intelligence.
Mo concluded, "With our shared
focus on innovation and a commitment to driving progress, this collaboration
with EDOM empowers us to deliver cutting-edge technologies, from thermal
management solutions to AI-optimized products like the Jetson AI platform, to
the rapidly expanding AI supply chain."
Together, KULR and EDOM are poised to
innovate at the intersection of AI and energy management, building a resilient
supply chain ecosystem to support the next generation of AI technologies.
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. On December 4, 2024, KULR announced that its
Board of Directors has agreed to include bitcoin as a primary asset in its
treasury program and committed to allocating up to 90% of its surplus cash to
the acquisition of bitcoin. For more information, please visit www.kulrtechnology.com.
Safe Harbor Statement
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 as a result 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:
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