KULR Technology Inks Licensing Deal in Japan

KULR Technology Group's stock surged 20% to $2.66 following a multi-million-dollar licensing agreement to develop advanced carbon fiber cathode applications for nuclear reactor systems in Japan. The technology aims to enhance safety, heat dissipation, and structural integrity in nuclear environments, particularly for laser-based nuclear fusion and small modular reactors (SMRs). This partnership is expected to position KULR as a leader in the energy management sector, addressing the growing global power demand, projected to increase significantly by 2050. The innovative carbon fiber technology will serve as a critical component in modernizing Japan's nuclear energy capabilities. Over the past year, KULR's stock has experienced a remarkable 1,300% increase, reflecting investor confidence in the company's potential within the nuclear energy market. The agreement highlights the strategic shift towards advanced nuclear technologies as a response to rising energy needs.