Powered by NVIDIA Accelerators, KULR VIBE’s Expanded Technology Offers Customers Enhanced Scalability and Data Security Along with NASA-Proven Battery Safety Solutions and Energy Efficiency
KULR VIBE Provides Superior Vibration Elimination for Entire Spectrum of Aviation Platforms, Industrial Motors, and Wind Energy Farms for Significant Efficiency, Longevity and Energy Output Improvements
SAN DIEGO, Dec. 07, 2022 (GLOBE NEWSWIRE) — KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a leading energy management platform company accelerating the global transition to a sustainable electrification economy, today announced that it will be expanding its vibration reduction solution KULR VIBE offering with the launch of a scalable, centralized artificial intelligence (“AI”) server platform. Powered by NVIDIA (NASDAQ: NVDA) accelerators, the updated KULR VIBE system will deliver faster processing speeds and data capture for remote access. Of particular interest and request from KULR’s enterprise customers, the cornerstone of this expansion will bring enhanced security to protect customer data, mission-critical projects and intellectual against potential cyber security risks.
The KULR VIBE suite of products and services has provided vibration analysis and mitigation to commercial and military helicopter application for over two decades. Advances in measurement and computing have allowed the KULR VIBE technologies to offer transformative, scalable solutions across aviation, transportation, renewable energy (wind), manufacturing, industrial, performance racing and autonomous aerial (drone) applications. The new KULR VIBE AI platform allows for advanced, trajectory-altering maintenance capable of optimizing craft performance and systems to prioritize safety, allow for lower maintenance costs and increase the lifespan of sensitive and expensive equipment in the field resulting in longer commercial use.
“Providing enhanced security and faster remote diagnoses for managing the vibration and balancing needs of high-performance machines and systems are essential for today’s commercial and enterprise businesses that are looking to be more competitive in the market by ensuring their systems are operating as safely as possible,” said Michael Mo, CEO of KULR. “We look forward to scaling up with our customers to bring the enhanced KULR VIBE platform further into the design, production and ongoing maintenance of their critical systems.”
As a leader in the global electrification movement, the KULR VIBE AI platform also allows the Company to bring optimized battery safety and improved kinetic energy efficiency to customers across industries, including electric vehicles, aircraft, e-mobility, power tools and other motorized systems. Powered by AMD (NASDAQ: AMD) CPUs and NVIDIA accelerators running in KULR’s on-premises data center, this technology expansion gives customers access to industry-standard toolsets while simultaneously engaging with KULR’s proprietary intelligent algorithms.
The Company will demonstrate the KULR VIBE technology with remote AI system support at the upcoming 2023 International Consumer Electronics Show.
About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) is a leading energy management platform 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 https://www.kulrtechnology.com/.
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.
Tom Colton or John Yi
Main: (949) 574-3860
Robert Collins / Zach Kadletz / Anna Rutter
Main: (949) 574-3860
Brokers and Analysts:
Main: (410) 825-3930
3M Corp. is a household name. In the daily bar chart of MMM, below, we can see that the shares are in a one-year downward trend and trade below the declining 200-day moving average line. The On-Balance-Volume (OBV) has been flat for much of the past 12 months but a sharp move down in late August has not been "repaired."
Gold prices settle at their highest in over a week Friday after the U.S. November producer-price inflation came in slightly higher than expected.
Yahoo Finance Live looks at Paramount's stock after a local news channel deal with Vuit.
If you're looking to generate passive income, AT&T's stock provides a healthy dividend payment.
Elon Musk has praised his competitors but never hidden his competitive edge. And he just tweeted out that edge in a big way.
At age 51, Anne Schieber was broke and disillusioned. She had worked for the IRS for 23 years and was regarded as one of the agency’s top auditors. But she never got promoted and never earned more than $3,150 in a year. With half her life already behind her, her retirement prospects looked bleak. But Schieber had learned a powerful secret from years of studying the tax returns of America’s richest residents. Over the next 50 years, it earned her a 449,000% return — making Schieber one of the mos
Finding the right stock is the key to successful investing, but it’s never as easy as that sounds. The answer to the question, which stock to buy? is no secret, but it is hidden, in the avalanche of data that the markets produce. What’s needed is some clear signal that will cut through the noise and indicate the right stocks for the times. The quantity of data, and the sheer impossibility of parsing all of it in real time, makes a formidable barrier to successful stock picking – but Wall Street’
Growth stocks have been hit especially hard this year, but their long-term investment thesis hasn't changed. Shopify (NYSE: SHOP), Roku (NASDAQ: ROKU), and Nvidia (NASDAQ: NVDA) are three downtrodden companies that look like excellent buying opportunities for investors willing to hold them for the next decade and beyond. What makes these companies appealing is their position in industries due for explosive growth in the coming years.
The company's main product — Bitcoin — isn't exactly popular just now, and it didn't mine as much last month as it hoped to.
Investors searching for that feeling telling you market sentiment is shifting to a more positive outlook have been brought down to earth again. Following 2022’s market behavior to a tee, the recent rally has run into a brick wall. To wit, the S&P 500 notched 5 consecutive negative sessions over the last week with investors mulling over the prospect of a recession. Indeed, financial experts have been sounding the warning bells on the precarious state of the global economy. One of the doomsayers h
Holding a stock forever may seem crazy, but it's the right way to think about investing in dividend stocks. Companies that generate increasing amounts of cash and return that cash to shareholders can drive a market-beating portfolio, and Travis Hoium highlights four of his buy-and-hold dividend stocks in the video below.
In the latest trading session, Alcoa (AA) closed at $47.28, marking a +1.46% move from the previous day.
The firm said Thursday the move is tied to its ambition to reach profitability in 2023. It attributed the reductions to a new sales model it says requires less staff.
Greed and bad decisions have left the once-booming Bitcoin mining industry reeling.
Buy and hold forever? Not always.
In the wake of a corporate update, investors were leaning toward a more bearish analyst adjustment on the shares.
Nio (NYSE: NIO) pleased investors with its forward projections when it reported third-quarter earnings a month ago. When Nio announced its quarterly results on Nov. 10, it told investors vehicle deliveries increased almost 30% year over year. Today, Li Auto (NASDAQ: LI) said it also expects to deliver up to 48,000 EVs in its fourth quarter.
Yahoo Finance Live checks out Lululemon shares following its latest earnings report and removal from analysts' conviction buy list.
Mohamed El-Erian is worried that crypto’s risk-taking behavior is just an example of what became the norm over the past decade.
Don’t be surprised if Fed Chairman Jerome Powell decides to play the Grinch at Wednesday’s press conference—keeping up his hawkish tone to temper hopes for a policy pivot.