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$KULR KULR Stock Spikes 8% on New DoD Engagement

KULR Technology Group, Inc. (NYSE American: KULR) stock is in rally mode after announcing it secured three additional contracts with United States Department of Defense (“DoD”) prime contractors implementing its carbon fiber cathode solution for high power magnetic and other covert pulse weaponry initiatives.

The deal can be a big one for $KULR, noting that its technology is the core building block for exceptional thermal absorption and reflective qualities in cathode applications. KULR’s carbon fiber configuration provides the conduit for transference of high-power electron pulses generated via field emission throughout the carbon fiber architecture. KULR’s carbon fiber cathodes can be customized for different applications including the generation of microwaves, X-rays, and lasers. They can be fabricated in a wide variety of physical configurations, ranging from simple planar and cylindrical forms to more complex lobed shapes. The Company looks forward to providing important news about further DoD awards throughout 2022.

Keith Cochran, KULR President and COO “We are proud to continue providing our space-proven thermal solutions to Department of Defense contractors, with the aligned goal of helping maintain strength in our United States Armed Forces,” said . “The cathode solution developed by KULR is an important ingredient in successful generation of microwave signals for counter-air and other anti-aircraft military applications. We are confident that as we continue to execute against our broader go-to-market strategy, we will garner encouraging wins from prominent enterprise and government customers.”

KULR shares at trading at $2.44 Thursday morning.

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