Summary by Futu AI
On May 13, 2024, KULR Technology Group, Inc., a Delaware-incorporated company listed on the NYSE American under the symbol KULR, announced the launch of its KULR Online Marketplace. The new platform offers the Safe-X product line, including SafeCASE and SafeSLEEVE products, for purchase directly through KULR's online marketplace and via Safeware.com, a leading distributor of Hazmat and fire safety equipment. The SafeCASE and SafeSLEEVE products have been approved by the United States Department of Transportation and are accepted by United Parcel Service for transporting batteries, adhering to specific watt-hour limits. The launch represents a significant expansion of KULR's sales strategy, providing a direct-to-consumer option alongside traditional distribution channels. The company plans to further expand its marketplace offerings with additional advanced technologies. KULR's partnership with Safeware aims to enhance the distribution of safety and thermal management technologies to the Hazmat community. The announcement was made through a press release, which is attached as Exhibit 99.1 to the Current Report on Form 8-K filed with the SEC.