KULR Technology Group Inc. Reports First Quarter Results and Announces Shareholder Update Call
ACCESSWIRE
21 May 2021, 23:05 GMT+10
SAN DIEGO, CA / ACCESSWIRE / May 21, 2021 /KULR Technology Group, Inc. (OTCQB:KULR) (the Company or KULR ), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, today announced its financial results for the first quarter ended March 31, 2021.
KULR s Q1 revenue increased by 439% year-over-year as we continue to make significant investments in all areas of our business to sustain and expand in 2021 and beyond. We are pleased to announce the Company recently raised $6.5 million in capital on May 20, 2021. Our belief is that this investment validates the value our new investors see in KULR s ability to commercialize within additional e-mobility markets. This funding is expected to significantly strengthen the Company s balance sheet and further advance KULR s up listing process to a senior U.S. exchang
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