Following its announcement of compliance with the NYSE American LLC listing standards, KULR Technology Group, Inc. (NYSE: KULR) saw a significant increase in the value of its shares on Thursday. The stock increased 6.71% in after-hours trading to reach $2.39 after rising 7.69% during the regular session to close at $2.24.
The notification confirmed that KULR has complied with all of the ongoing listing requirements listed in NYSE American Company Guide Part 10. The company resolved its deficiency by maintaining compliance with applicable standards over two consecutive quarters.
Innovative Space Battery Initiative
KULR Technology also revealed intentions to use Exolaunch to launch its KULR ONE Space (K1S) battery on a 2026 SpaceX rideshare mission. This project marks a major advancement in KULR’s goal to provide safer and more effective battery systems for the expanding space battery industry, which Virtue industry Research projects will rise from $3.9 billion to $6.35 billion by 2030.
The K1S battery will be integrated into a 6U SmallSat, a compact satellite built with durable materials such as aluminum and carbon-fiber composites to withstand harsh space conditions. The mission will demonstrate multiple configurations of the K1S, including cutting-edge 18650 cells sourced from leading OEMs like LG, Samsung, Amprius, and MOLICEL.
Advancing Battery Technology in Extreme Environments
A potential highlight of the mission is the inclusion of ultra-low-temperature cells capable of operating at -60°C without heaters, showcasing KULR’s innovation in extreme-condition battery performance. Additionally, the mission will debut KULR’s new battery management system (BMS) architecture, a COTS solution adhering to the rigorous 20793 safety standards.
Revolutionizing Energy Solutions for Space
KULR’s upcoming mission underscores its leadership in advanced energy technologies for aerospace and space applications. By integrating next-generation cells and cutting-edge BMS architecture, the company aims to redefine COTS battery standards, ensuring safety, efficiency, and cost-effectiveness.
This mission marks a critical step in KULR’s efforts to deliver high-performance energy solutions, reducing costs for customers while setting new benchmarks in the space industry.
