Order From Top Japanese Auto Manufacturer; (NYSE: KULR) KULR Technologies Unit to Generate +$8 Million In Revenue

BREAKING NEWS! (NYSE: KULR) KULR Technologies Receives Order From Top Japanese Auto Manufacturer; Expects to Generate Over +$8 Million In Revenue  [KULR Technology Group, Inc.]( (NYSE American: KULR) 10XProTrader Member, Please check out the KULR news from this morning here below! BREAKING NEWS [KULR Experiences Fast-Growing Demand for Next-Gen EV Battery Safety and Testing Solutions with Order from Top Japanese Automaker]( KULR Technology Group, Inc. Battery Testing and Analysis Services Unit to Generate $8 Million to $10 Million Revenue Annually Starting in 2025 SAN DIEGO, May 29, 2024 (GLOBE NEWSWIRE) -- [KULR Technology Group, Inc.]( (NYSE American: KULR) (the “Company” or “KULR”), a global leader in sustainable energy management, today announced it has secured a contract from a top Japanese multinational automaker (“Automaker”) for testing and analysis of high-energy battery cells intended for their next-generation electric vehicles. The Company will utilize its KULR ONE Design Solutions (K1-DS) platform to expedite design readiness for the Automaker’s future electric vehicle buildout. KULR’s extensive spaceflight expertise and proprietary KULR ONE Design Solutions are integrated into its rigorous testing protocols, forming what KULR believes to be the world's most comprehensive battery safety testing platform. These tests encompass [Fractional Thermal Runaway Calorimetry]( (“FTRC”), bomb calorimetry, and impingement zone mapping, providing unparalleled cell-level characterization and insights to optimize battery safety. Originally, K1-DS was developed to introduce customers to KULR products, with the goal of transitioning to volume production. While this remains the Company’s core objective, over time KULR has expanded its testing services, projecting it to become an annual $8 to $10 million revenue standalone business starting in 2025, without additional investment in testing capabilities. New K1-DS contracts are in progress as KULR recognizes design services as a high-margin, recurring revenue stream, with the automotive sector being a prime target for ongoing business. This demand is largely driven by electric vehicle manufacturers' continuous evaluation of next-generation cells for improved efficiency and faster charging times. According to last year’s International Energy Agency's [projection]( electric vehicles, including fully electric and plug-in hybrid models, are expected to account for 35 percent of new vehicle sales worldwide by 2030. The Company expects the FTRC to remain widely used across various industries for assessing both current and future cell technologies. About KULR Technology Group Inc. KULR Technology Group Inc. (NYSE American: KULR) is a leading energy management platform company offering proven solutions that play a critical role in accelerating the electrification of the circular economy. Leveraging a foundation in developing, manufacturing, and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systems, KULR has evolved its holistic suite of products and services to enable its customers across disciplines to operate with efficiency and sustainability in mind. 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. [Click here to read the news.]( ________________________________________________________________ We presented this company as a value proposition in April. And while it was a compelling opportunity then, it's a screaming one today. That's not an overzealous assessment of the investment opportunity that KULR Technology Group (NYSE-AMER: KULR) stock presents, either. On the contrary, KULR's current $0.34 share price may be the most disconnected representation of fair value for a stock that we've seen in quite a while.  But that gap may close faster than many think, resulting from the series of value-adding updates KULR published over the past month. These updates warrant more than closing that disconnect; they justify a near-vertical steepening of the share price trajectory. The KULR CEO certainly believes that.  He took a [33% cash-based salary cut, opting to be paid in KULR stock at market value.]( from some high-profile CEOs who accepted lower salaries during the pandemic, you'll be hard-pressed to find one that did the same in 2024, especially one who has completed as much fundamental strengthening of their company as Michael Mo. Follow The Bullish Lead Of CEO Michael Mo...  Check out these recent headlines:  [On May 23rd, KULR CEO Michael Mo Reduces Cash Salary to Better Align with Shareholder Value Creation; Reduces Cash Component by 33%](  [On May 22nd, KULR Secures Test Engineering Contract with Bombardier Recreational Products](  [On May 13th, KULR Adds United Parcel Service to its Battery Safety Shipping Platform, Forms Strategic Partnership with Safeware for Online Marketplace](  [On May 7th, KULR announced Successfully Completing 200 Amp-Hour Battery Fractional Thermal Runaway Calorimetry Test for EV Customer](  [On May 2nd, KULR Technology Group announced lending its Battery Production Infrastructure for Rapid Support of NASA's R5 Program](  Those are just the operational advances made during May. In April, sales of energy storage, battery safety, and recycling solutions contributed to KULR's 146% revenue surge to roughly $9.8 million. That resulted, in part, from a 47% increase in billed customer count to 53, up from 36 in 2022. That's not all.  [On April 23rd, KULR announced it delivered a power cell battery deployment order for AI-enabled drone and advanced air mobility missions in Ukraine]( a deal preceding its [April 30th announcement of a strategic partnership with Amprius Technologies]( to leverage both company strengths to facilitate a combined leap forward in battery technology tailored for defense and space applications.]( revenue growth, this tandem effort can be an absolute game-changer for KULR by increasing the pace of KULR penetrating that multi-billion dollar sector. Better still, it can maximize the opportunities in play from having little to no competition in the bids they target.   The Value Proposition Exposed...  Some of that news contributed to the share price surge to $0.90 in April. But there's been plenty more since then to indicate that the stock retreating from that high not only makes no sense; it exposes a valuation disconnect that we think is worth immediately seizing. Look, we don't argue against profit-taking- it's prudent in volatile markets.  However, we also recognize the value that's there for the taking. That's where we see the opportunity in KULR. Don't forget what we mentioned- KULR retired most or all of its convertible debt, has capital on hand to accelerate projects and is exploiting its sweet spot of opportunity created by geopolitical concerns and a global mission to transform to clean and safe energy systems and solutions.  Indeed, 10x has been a perma-bull on KULR. And we don't regret that, especially after summing up the company's parts, which show this company growing from an emerging entity into a battery-safety sector powerhouse. Thus, like us, don't be misled by the current share price—KULR is a much more important player in a global mission to better space travel, fortify national defenses, and enhance battery safety and mobility than its penny-stock price represents.  A Massive Operational Surge In 2024...  10x members, we've highlighted the value-creating updates from April and May as reasons to capitalize on the KULR investment opportunity. But the company's first-quarter news can't go without merit, either. Check this out:  [In March, KULR announced deals with the U.S. Army, Lockheed-Martin, a leading U.S. automaker, and NanoRacks]( (involved in Voyager Space's exploration segment with NASA). That's not all. They were also granted Special Permits from the USDOT covering transportation of damaged, defective, or recalled batteries and end-of-life batteries, including helping manage battery disposal and recycling to pave the way for safer and more sustainable battery recovery and reuse. Those deals alone can be transformative from a revenue perspective in 2024. However, they should be recognized for more than that.  The USDoT's approval of these special permits validates the safety standards and reliability of KULR's SafeCASE™ product for transporting and storing lithium-ion batteries. This potentially massive revenue-generating opportunity is now in play with existing and new customers across multiple industries. We know of NO OTHER COMPANY ABLE AND PERMITTED TO PROVIDE THE SAME SERVICES! That, FDR members, can lead to exponential revenue growth from being the lead, if not the only, provider of that specialty service.  Summing KULR's Parts Exposes A Significant Valuation Disconnect...  Still, that's just one big ticket market opportunity. KULR has many others in its business crosshairs that should lead investors to embrace this value proposition while the window of low-priced opportunity is open. Remember, these windows can quickly close, and knowing that KULR has eliminated toxic debt, has cash in the bank, is making deals with a Who's Who client list, and has IP-protected technology that can generate millions in revenues from different sectors, KULR's may very well be one of those as groundwork milestones reached start to transform into revenue-generating catalysts.  We expect that to happen sooner rather than later. When it does, summing up KULR's maturing parts, we would not be surprised to see analysts revising share price targets to be higher. Yes, $7.00 is a long way away from KULR's current share price. However, the cumulative revenue-generating effect of deals made and those expected easily support the presumption that the path of least resistance for KULR shares is higher.  Accordingly, we remain DECIDEDLY BULLISH on KULR. Pay very close attention to your email inbox, your next alert is just around the corner. Yours for greater gains, Kevin Vander Publisher, 10XProTrader.com Investment Research You are receiving this e-mail as part of your subscription to 10XProTrader. Please do not reply to this e-mail as this address is not monitored. Our Customer Service team is available Monday - Friday between 9:00 AM and 5:00 PM ET. © 2023 10XProTrader.com. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular inves∙tment situation. N∙o communication by our employees to you should be deemed as personalized financial advice. 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