KULR Tech jumps on acquiring IP rights to cooling tech

KULR Technology

07/12/2021 12:35

** Shares of thermal management solutions provider KULR
Technology Group Inc  KULR.K  jump 7% to $3.11
    ** KULR, developer of lithium-ion battery safety and thermal
management technologies, said it bought patented intellectual
property rights from Centropy AB  urn:newsml:reuters.com:*:nGNXcbB6bp
    ** Says Centropy's cooling solutions to become "dependable
tailwind" for KULR's high-power computing technology
applications such as industrial bitcoin  BTC=BTSP  mining 
    ** Stock set to recover around half of Monday's losses 
    ** Most other cryptocurrency-related stocks also rise, with
Hut 8 Mining  HUT.O  and Riot Blockchain  RIOT.O  up 8% and 6.6%
    ** KULR has nearly doubled this year 

 (Reporting by Susan Mathew)
 ((susan.mathew@thomsonreuters.com))