KULR Technology Group has reduced its total workforce by approximately 15%. The changes come as KULR works to allocate resources to its key business priorities servicing recurring aerospace and defense contracts while also focusing on improving the profitability of its commercial customer engagements as the Company targets operational breakeven in Second Quarter 2024. KULR streamlined operations at its headquarters in San Diego, California while continuing to focus on the KULR ONE Design Solutions testing platform and scaling R&D initiatives at its existing facility in Webster, Texas, a suburb of Houston.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on KULR:
- KULR to Introduce KULR ONE MAX at CES 2024
- KULR Technology to introduce KULR ONE MAX at CES 2024
- KULR Selected by One of the World’s Largest Private Space Exploration Companies for Enhanced Battery Safety Solutions
- KULR Technology receives initial purchase order from space exploration company
- KULR Technology receives noncompliance notification from NYSE
