# EDGAR Filing Document

**Accession Number:** 0001662684
**File Stem:** 0001104659-23-019703
**Filing Date:** 2023-2
**Character Count:** 14720
**Document Hash:** bcb58373695b67676b04b1150f37e526
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-019703.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001104659-23-019703

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230213

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KULR Technology Group, Inc.
- **CENTRAL INDEX KEY:** 0001662684
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRONIC COMPONENTS & ACCESSORIES [3670]
- **IRS NUMBER:** 811004273
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40454
- **FILM NUMBER:** 23618635

**BUSINESS ADDRESS:**
- **STREET 1:** 4863 SHAWLINE STREET
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92111
- **BUSINESS PHONE:** 408-663-5247

**MAIL ADDRESS:**
- **STREET 1:** 4863 SHAWLINE STREET
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KT High-Tech Marketing Inc.
- **DATE OF NAME CHANGE:** 20160420

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Grant Hill Acquisition Corp
- **DATE OF NAME CHANGE:** 20151231

?xml version="1.0" encoding="utf-8"?

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC 20549**

**Form 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): February 13, 2023

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| |
|:---|
| **KULR TECHNOLOGY GROUP, INC.** |
| (Exact name of the registrant as specified in its charter) |

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| | | |
|:---|:---|:---|
| **Delaware** | **000-55564** | **81-1004273** |
| (State or other jurisdiction of<br> incorporation) | (Commission<br> File Number) | (IRS Employer<br> Identification No.) |

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**4863 Shawline Street, San Diego, California 92111**

(Address of principle executive offices) (Zip code)

Registrant's telephone number, including area code: **(408) 663-5247**

KULR Technology Group, Inc., 1999 S. Bascom Ave. Suite 700. Campbell, California 95008

(Former name or address if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

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|:---|
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14A-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14D-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |

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Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class:** | **Trading Symbol(s)** | **Name of each exchange on which registered:** |
| Common Stock | KULR | NYSE American LLC |

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Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).

Emerging growth company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

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| | |
|:---|:---|
| **Item 2.02** | **Results of Operations and Financial Condition** |

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On February 13, 2023, KULR Technology Group, Inc. (the "Company") issued a press release announcing certain financial results for the fourth quarter ended December 31, 2022. A copy of the press release is incorporated herein by reference and is furnished as Exhibit 99.1.

The information under this Item 2.02 is being furnished and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

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|:---|:---|
| **Item 7.01** | **Regulation FD Disclosure** |

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In addition to announcing financial results, the press release discussed, among other things, recent operational highlights.

A copy of the press release is attached herewith as Exhibit 99.1.

By filing this Current Report on Form 8-K and furnishing the information contained herein, the Company makes no admission as to the materiality of any information in this report that is required to be disclosed solely by reason of Regulation FD. The Company uses, and will continue to use, its website, press releases, and various social media channels, including its Twitter account (<u>twitter.com/kulrtech</u>), its LinkedIn account (<u>linkedin.com/company/kulr-technology-corporation</u>), its Facebook account (<u>facebook.com/KULRTechnology</u>), its TikTok account (<u>tiktok.com/Kulr_tech</u>), its Instagram account (<u>instagram.com/Kulr_tech</u>), and its YouTube account (<u>youtube.com/channel/UC3wZBPINQd51N6p35Mo5uQg</u>), as additional means of disclosing public information to investors, the media and others interested in the Company. It is possible that certain information that the Company posts on its website, disseminated in press releases and on social media could be deemed to be material information, and the Company encourages investors, the media and others interested in the Company to review the business and financial information that the Company posts on its website, disseminates in press releass and on the social media channels identified above, as such information could be deemed to be material information.

The information in this Item 7.01 disclosure, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that Section. In addition, the information in this Item 7.01 disclosure, including Exhibits 99.1, shall not be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

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|:---|:---|
| **Item 9.01** | **Exhibits** |

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| | |
|:---|:---|
| **Exhibit <br> No.** | **Description** |
| [99.1](tm236616d1_ex99-1.htm) | [Press Release dated February 13, 2023](tm236616d1_ex99-1.htm) |
| 104 | Cover Page Interactive Data File - The cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf of the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | KULR TECHNOLOGY GROUP, INC. | KULR TECHNOLOGY GROUP, INC. |
| Date: February 13, 2023 | By: | /s/ Michael Mo |
|  |  | Michael Mo |
|  |  | President & Chief Executive Officer |

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## Exhibit 99.1

**Exhibit 99.1**

![](tm236616d1_ex99-1img001.jpg)

**KULR REPORTS PRELIMINARY FOURTH QUARTER 2022 FINANCIAL RESULTS, ANTICIPATES 137% REVENUE GROWTH**

**SAN DIEGO / GLOBENEWSWIRE / February 13, 2023 /** **<u>KULR Technology Group, Inc.</u>** (NYSE American: KULR) (the "Company" or "KULR"), a leading energy management platform company accelerating the global transition to a sustainable electrification economy, today announced its unaudited preliminary financial results for the fourth quarter ending December 31st, 2022.

**Q4'22 Financial Highlights and Operational Highlights:**

&nbsp;&nbsp;&nbsp;&nbsp;· Revenue for the three months ended December 31, 2022, is estimated
to be $1,813,000, an increase of approximately 137%, compared to $766,000 in the same quarterly period of the prior year.

&nbsp;&nbsp;&nbsp;&nbsp;· Gross margin for the three months ended December 31, 2022 is estimated
to be 80%, compared with 70% in the same quarterly period of the prior year.

&nbsp;&nbsp;&nbsp;&nbsp;· Secured initial order from top-tier United States Department of Defense Contractor. Initial deployment will be over $500,000 (over
an approximate 6-month period) from a customer with future projects that could derive multi-million dollars in revenues over the next
year.

&nbsp;&nbsp;&nbsp;&nbsp;· Began Phase 2 battery safety testing for Lockheed Martin Corporation ("Lockheed"). Commenced Second-Half 2022 Phase 2
development of its passive propagation resistant ("PPR") battery systems for Lockheed following a successful Phase 1 trial
in November 2021.

&nbsp;&nbsp;&nbsp;&nbsp;· Entered into an agreement to provide its internal short circuit ("ISC") battery safety and testing device to the largest
automotive manufacturer in the United States. The ISC testing technology allows the manufacturer to predict battery cell failure and then
analyze the causes to build safer batteries.

&nbsp;&nbsp;&nbsp;&nbsp;· Announced production prototype order from top-tier power tool manufacturer for KULR SafeCase, a reusable, safe, and high-energy battery
transportation, and storage solution. This specific power-tool manufacturer is a leader in sustainability and safety within the industrial
tool and household hardware sectors, and an active participant in many initiatives around lithium-ion battery safety, transportation,
education, and recycling.

&nbsp;&nbsp;&nbsp;&nbsp;· Launched its SmallSat Lithium-ion ("Li-ion") battery pack format to further support the NASA space program and launch

relationship with NASA to help ensure the safety of battery systems, flight, and exploration of space and added to a Suite of Battery
Safety and Testing Solutions with a New Commercial License of NASA Technology. KULR achieved operational readiness for its Fractional
Thermal Runaway Calorimeter ("FTRC") within its suite of battery safety and thermal management solutions after finalizing
a commercial licensing agreement for the agency's patent pending FTRC solution.

&nbsp;&nbsp;&nbsp;&nbsp;· Acquired VibeTech and Launched Vibration Reduction Service, KULR VIBE. The KULR VIBE suite of technologies utilize proprietary sensor
processes with advanced learning algorithms to both achieve precision balancing solutions, and successfully predict component failure
based on its comprehensive database of vibration signatures. Its enhanced AI learning algorithms pinpoint areas where excess vibrations
cause a loss of energy that can lead to system malfunctions, weakened performance, and maintenance issues.

&nbsp;&nbsp;&nbsp;&nbsp;· Secured First Customer for KULR VIBE Underscoring the Solution's Commercial Application in the Aviation Sector. Entered into a six-figure
annual subscription agreement with an industry leading, American-based commercial helicopter operator to provide global track and balance
support for its fleet of helicopters via KULR VIBE, which provides a proprietary AI-driven vibration reduction solution.

&nbsp;&nbsp;&nbsp;&nbsp;· Partnered With Gamma Technologies, a global leader and innovator in multi-physics system simulation software, to create next generation
battery designs for the eVTOL and EV markets. KULR to integrate Gamma Technologies' GT-SUITE Multi-Scale Multi-Physics Simulation
Platform into the Company's holistic suite of products and services.

"We are very pleased with our revenue ramp and order flow moving into 2023," said KULR CEO Michael Mo. "The platform, which we have built and continue to expand, positions KULR as a preferred solutions provider of lithium-ion battery safety and thermal management technologies. We look forward to continued growth as we leverage the tailwind of a robust battery supply chain and positive regulatory support."

**About KULR Technology Group Inc.**<br>

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 <u>www.kulrtechnology.com</u>.

**Safe Harbor Statement**

This 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 March 28, 2022. 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 Contact**

Mark Komonoski

Partner

Integrous Communications

Phone: 1-877-255-8483

Email: <u>kulr@integcom.us</u>