KULR Technology Group's stock surged 5.6% in pre-market trading on Wednesday, following the company's announcement of a multi-million dollar licensing agreement for its advanced carbon fiber cathode technology in the nuclear energy sector.
The deal grants a license to a Japanese technology partner, enabling the use of KULR's proprietary cathode solutions for critical applications in nuclear reactor systems. These engineered solutions offer enhanced safety, heat dissipation, and structural integrity benefits for both laser-based nuclear fusion and emerging small modular reactor (SMR) technologies.
This strategic agreement positions KULR to play a key role in addressing rising global energy demands fueled by factors like the growth of data centers and AI applications. The lucrative deal highlights KULR's technological edge and unlocks new revenue streams in the nuclear energy industry.
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