KULR Technology shares are trading higher after the company announced it secured a $2.35 million licensing deal with a Japanese corporation. The deal includes a $1.1 guaranteed licensing fee and the potential upside for equipment sales and upgrades.
Portfolio Pulse from Benzinga Newsdesk
KULR Technology shares rose following a $2.35 million licensing deal with a Japanese corporation, including a $1.1 million guaranteed fee and potential for additional equipment sales and upgrades.
October 02, 2024 | 5:03 pm
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KULR Technology's stock is up due to a $2.35 million licensing deal with a Japanese corporation, which includes a $1.1 million guaranteed fee and potential for further sales.
The licensing deal provides immediate revenue through the guaranteed fee and potential future revenue from equipment sales and upgrades, positively impacting KULR's financial outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100