KULR's Xero Vibe Technology Lands Licensing Partnership with $2.35M Deal
KULR Technology (KULR) GlobeNewswire News Room·2024-10-02 20:30
Milestone IP Licensing Deal Expands Business Opportunities via New Business Model HOUSTON, Oct. 02, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced a licensing agreement for its proprietary vibration reduction technology named KULR Xero Vibe ("KXV"). The $2.35M landmark deal includes a $1.1M minimum guaranteed license and royalty fee, a unique opportunity for the licensee to purchase propr ...