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Exhibit 99.1 KULR . cooler lighter · safer KULR Technology Group Reports Third Quarter 2021 Financial Results The Company Recorded Over 300 % Increase in Year - over - Year Revenue and Expects Growth Momentum to Continue into 2022 SAN DIEGO / GLOBENEWSWIRE / November 15 , 2021 / KULR Technology Group , Inc. ( NYSE American : KULR ) ( the " Company " or " KULR " ) , a leading developer of next - generation lithium - ion battery safety and thermal management technologies , today reported results for the third quarter ended September 30 , 2021 ( " Q3 " ) . KULR's Q3 revenue increased by over 300 % year - over - year as the Company began to steadily expand the commercialization of its products . KULR continues to make significant investments in all areas of its business and is increasingly seeing the number of partnerships and product development initiatives ramp up . As KULR accelerates investments into new technology developments such as smart battery platforms , battery cell screen testing automation , and fast charging battery architectures , it will continue to grow sales in its foundational aerospace and defense businesses . Due to recent notable partnerships with Clarios and Retriev Technologies , KULR has strengthened its go - to - market strategy and has diversified its business development capabilities . In addition to the progress made with partnerships , the Company has also recently received special permits from the U.S. Department of Transportation ( " DoT " ) authorizing the transportation of damaged , defective , and recalled ( " DDR " ) lithium - ion cells , batteries , or lithium metal cells contained in or packed with KULR's proprietary Thermal Runaway Shield ( " TRS " ) packaging . The Company's goal is to provide total battery safety solutions for more efficient battery systems , increased sustainability , and end - of - life battery management , making KULR a key technology solutions provider in the migration to a global circular economy . With approximately $ 11 million of cash at end of the third quarter , KULR is in a strong financial position to continue growing its business and executing its near - term objectives to achieve its goal . Third Quarter 2021 and Recent Operational Highlights • • KULR received approximately $ 6.5 million of cash in the months of October and November 2021 from the exercise of warrants to purchase an aggregate of 2,600,000 shares . KULR partnered with Heritage Battery Recycling ( " HBR ” ) to provide safe transportation of HBR's battery collection operations across North America through its KULR - Tech Safe Case . HBR , through its sister companies , maintains access to over 100,000 customer locations , 2,500 employees , and a fleet of over 1,300 power units and 108 facility locations across North America .