Houston, May 01, 2025 (Globe Newswire) – Kulr Technology Group, Inc. (NYSE American: KULR) (The “Company” or “KULR”), a world leader in advanced energy management solutions, announced today the launch of a secure blockchain supply chain initiative to protect data related to products offered to their customers. The displacement of the verification of the supply chain and the monitoring of the custody of proprietary software on a large distributed book will increase transparency and security.
Decentralization of the stock monitoring system on a blockchain provides improved real -time transparency, safety and visibility throughout the supply chain. By registering each inventory element as an excited and anchored test in a large distributed book, Kulr eliminates the risk of data handling and guarantees that all stakeholders have access to a single source of truth. This reduces dependence on centralized systems vulnerable to breakdowns or unauthorized access. In addition, the traceability features of the blockchain allow Kulr to verify the authenticity of the products, to monitor the movement of assets and to rationalize the audits.
One of the first products that will be recorded on the blockchain will include lithium-ion batteries detected to respond to the NASA WA 37A Rigorous Methodology. The use of the blockchain to create a secure and immutable test of test data will benefit all future users of these batteries, who will have access to proven test results.
“After launching our Bitcoin cash strategy last December, we have become curious to know which other aspects of the cryptography ecosystem could benefit our commercial operations. Passing on the monitoring of our supply chain on the blockchain seemed to be a natural decision for us,” said Kulr CEO Michael Mo, on the news of today. “We take advantage of proven Blockchain technologies to provide commercial applications that offer our customers a trustworthy data source and an improvement in operational efficiency. I firmly believe that many aerospace products and commercial products could benefit from an immutable and verifiable police custody. ”
Each battery that Kulr manufactures will have its metadata struck as a non -bubble token (NFT) on the blockchain. When a battery is purchased, the NFT can be transferred to the buyer’s chain portfolio or moved to a “burn” portfolio maintained by Kulr to indicate that the property has been transferred. For large quantity customers, Kulr will establish portfolios to easily transfer the NFTs associated with their orders. Kulr has designed an internal user interface tool which synchronizes with portfolios belonging to encrypted Kulr to display the current inventory.
The company has built a personalized roll with the L2 Basic Coinbase chain, which is finally built on Ethereum.
On December 4, 2024, Kulr announced the approval of the Board of Directors to start up to 90% of its excess cash reserves which were held in Bitcoin. To date, Kulr has acquired 668 BTC. Following the Bitcoin Treasury of Kulr, CEO Michael Mo will be expressed at Strategy World next week in Orlando, Florida. Mr. Mo will present a case study on Kulr’s experience by establishing and maintaining a Bitcoin treasure.
For more information on Kulr Technology Group and its Bitcoin strategy, please visit www.kulr.ai.
About Kulr Technology Group Inc.
Kulr Technology Group Inc. (NYSE American: KULR) provides advanced energy storage solutions for space, aerospace and defense by taking advantage of an internal battery design base, a complete suite of cell and battery tests and battery production capacities. The holistic offer of the company allows the delivery of new generation and tailor -made commercial energy storage systems in a cost fraction compared to traditional programs. On December 4, 2024, Kulr announced that his board of directors agreed to include Bitcoin as a main property in his cash program and undertook to allocate up to 90% of his cash excess to the acquisition of Bitcoin. For more information, please visit www.kulr.ai.
Investor relations:
Kulr Technology Group, Inc.
Telephone: 858-866-8478 x 847
Email: i@kulr.ai
Kulr media relations:
M group Strategic Communications (in the name of KULR)
Email: kulr@mgroupsc.com
