By Chris Wack
KULR Technology Group shares were 10% higher, at $2.64, after the company entered into a collaboration with the Scripps Research Institute's Baran Lab to continue development of a pyrolytic carbon electrode material.
The two parties jointly developed the electrode as a low-cost, versatile alternative to traditional amorphous carbon materials such as reticulated vitreous carbon and glassy carbon.
The pyrolytic carbon electrodes, used in the production of pharmaceuticals, polymers and sustainable materials, are produced using a proprietary chemical vapor deposition process, which KULR says reduces manufacturing costs and makes large-scale synthesis feasible.
KULR also said the material performs well across a range of electrochemical reactions, including rapid alternating polarity Kolbe couplings, which are essential for high-value chemical production.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
January 22, 2025 13:52 ET (18:52 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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