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KULR Technology Group, Inc. makes money by providing advanced thermal management and energy solutions. Their primary focus is on technologies that improve safety, performance, and efficiency in batteries and electronics. Here’s an overview of their main revenue streams:
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Thermal Management Solutions • Battery Safety: KULR provides products like thermal runaway shields, designed to prevent catastrophic failures in lithium-ion batteries. These are critical for industries such as aerospace, defense, electric vehicles (EVs), and consumer electronics. • Thermal Interface Materials (TIMs): The company offers materials that help dissipate heat in high-performance electronics.
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Energy Storage Solutions • KULR develops energy storage and management systems, targeting sectors like renewable energy, electric vehicles, and grid storage. Their systems are engineered for safety and efficiency.
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Testing and Consulting Services • KULR provides battery safety testing, compliance certifications, and consulting services for companies looking to meet safety and performance standards.
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Licensing of Technology • The company licenses its proprietary technologies to manufacturers, allowing them to integrate KULR’s thermal management solutions into their own products.
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Strategic Partnerships and Contracts • KULR generates revenue through contracts with organizations in sectors like aerospace (e.g., NASA), defense, and consumer electronics, offering custom solutions tailored to their needs.
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Emerging Cryptocurrency Investments • As of December 2024, KULR has started investing in Bitcoin as part of its treasury strategy. While this isn’t a core business, it could become a secondary revenue stream depending on market performance.
In summary, KULR primarily earns through product sales, services, and licensing agreements in the energy, aerospace, and electronics markets, with a growing focus on battery safety and renewable energy solutions.