KULR Technology Group, Inc. announced revenue results for the third quarter and nine months ended September 30, 2018. For the three months ended September 30, 2018, the company generated $482,798 and $15,106 of revenues, an increase of $467,692. The company revenues consisted of sales of the company component product, the company Carbon Fiber Velvet (CFV) thermal management solution.

For the nine months ended September 30, 2018, the company generated $881,929 and $26,006 of revenues, an increase of $855,923. the company revenues consisted of sales of the company component product, the company CFV thermal management solution, sales of an Original Equipment Manufacturer (OEM) product as well as certain research and development contract services.

For the fourth quarter 2018, the company revenue for the third quarter of 2018 increased 182% as compared to the 2nd quarter of 2018, showing early signs of the momentum in the company business and the company growth potential. In the quarters ahead, the company plan to forge additional global OEM ventures as well as deepen the company partnerships within the aerospace and defense sectors. The company anticipates the company top line growth continuing for the next several quarters as the company diversified product lines gain further adoption in primarily the aerospace, defense, and electric vehicle markets.