KULR Technology (NYSE:KULR) Tuesday reported the signing of a multi-million-dollar licensing agreement with a new technology partner to enable advanced carbon fiber cathode applications for nuclear reactor systems in Japan.

KULR (NYSE:KULR) +20.77% to $2.67.

The licensed carbon fiber cathode solutions are specifically engineered for critical use in nuclear reactors, offering enhanced safety, superior heat dissipation, and structural integrity.

“This licensing agreement represents a significant milestone for KULR as we expand the applications of our carbon fiber technologies into the nuclear energy sector,” said Michael Mo, CEO of KULR Technology Group (KULR).