Breaking Nuclear Energy News:
KULR (NYSE: $KULR) Grants Carbon Fiber Cathode License for Nuclear Reactor
Application; @KULRTech
Houston,
TX - January 14, 2025 (Investorideas.com Newswire) KULR
Technology Group, Inc. (NYSE
American: KULR) (the "Company"
or "KULR"), a leader in advanced energy management platforms, today
announced the signing of a multi-million-dollar licensing agreement with a new
technology partner ("Licensee") to enable advanced carbon fiber
cathode applications for nuclear reactor systems in Japan.
Applications for Carbon Fiber Cathode
Technology
The licensed carbon fiber cathode
solutions are specifically engineered for critical use in nuclear reactors,
offering enhanced safety, superior heat dissipation, and structural integrity.
The carbon fiber-based thermal interface materials provide high-performance
solutions for demanding nuclear energy applications.
The license will be applied to
laser-based nuclear fusion systems as well as small modular reactors (SMR's) - a
rapidly emerging technology with the potential to deliver cost-effective and
reliable fusion energy. Laser-based fusion employs high-powered lasers to
initiate fusion reactions, representing a groundbreaking alternative to
traditional methods.
Strategic Market Opportunities
This licensing agreement underscores
KULR's leadership in carbon fiber-based energy solutions and opens new
opportunities for advancements in nuclear technology within Japan and the
broader Asian market. By leveraging its innovative carbon fiber cathode
technology, KULR aims to contribute to the development of fusion technology to
meet the world's increasing energy demands while addressing climate change.
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/2025/01141KULR-Carbon-Fiber-Cathode-License-for-Nuclear-Reactor-Application.asp
According to Goldman Sachs, data center energy demand -
currently representing 1-2% of global demand - is projected to double by 2030.
This growth is driven by hyperscalers increasingly focusing on nuclear energy
to meet the rising demands of AI-powered applications in data centers.
With global electricity use projected to rise by as much as 75% by 2050 (U.S. Department of Energy), KULR's technology
is poised to play a pivotal role in addressing these challenges.
"This licensing agreement
represents a significant milestone for KULR as we expand the applications of
our carbon fiber technologies into the nuclear energy sector," said
Michael Mo, CEO of KULR Technology Group. "We are proud to partner with an
innovative Licensee to bring our cutting-edge cathode and thermal interface
materials to the forefront of nuclear reactor technology."
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 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: KULR) is a featured renewable energy stock on
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