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.

HOUSTON - KULR Technology Group, Inc. (NYSE American: KULR), a $513.83 million market cap company known for its carbon-based thermal management and battery safety solutions, has teamed up with Scripps Research Institute's Baran Lab to develop a new pyrolytic carbon (PC) electrode material.

Affordable and Scalable: The pyrolytic carbon electrodes are produced using a proprietary chemical vapor deposition (CVD) process, significantly reducing manufacturing costs and making large-scale synthesis feasible.