KULR Secures $2.35M Licensing Deal For Xero Vibe Technology With Japanese Corporation, Including $1.1M Guaranteed License Fee And Potential Upside From Equipment Sales And Upgrades
Portfolio Pulse from Benzinga Newsdesk
KULR Technology Group has secured a $2.35 million licensing deal with a Japanese corporation for its Xero Vibe technology. The deal includes a $1.1 million guaranteed license fee and potential additional revenue from equipment sales and upgrades.
October 02, 2024 | 12:32 pm
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KULR Technology Group has entered into a $2.35 million licensing agreement with a Japanese corporation for its Xero Vibe technology. This includes a $1.1 million guaranteed license fee and potential additional revenue from equipment sales and upgrades.
The licensing deal provides immediate revenue through the $1.1 million guaranteed fee and potential future revenue from equipment sales and upgrades. This is likely to positively impact KULR's stock price in the short term as it strengthens their financial position and market presence.
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