Will The Rally Continue? KULR Technology Group Inc (NYSEAMERICAN:KULR) Appoints New VP of Sales and Marketing

KULR Technology Group Inc (NYSEAMERICAN:KULR) continues to see buying pressure as the stock has already soared 35% over the past month.

Major Trigger:

KULR Announces New VP of Sales and Marketing

Key Highlights:

  • announced Greg Provenzano as Vice President of Sales and Marketing. Mr. Provenzano will be responsible for developing the Company’s sales channel strategy as it pivots into large volume applications and products supporting strategic growth goals.
  • Mr. Provenzano joins KULR with over 35 years of leadership and worldwide sales experience in Electronic Components, Design Services, and System Solutions across a variety of industries. Most recently, he served as Senior Vice President of Sales for Advanced Energy (NASDAQ: AEIS) managing sales operations spanning Networking & Telecom, Datacenter & Computing, Industrial & Medical, and Semiconductor Capital Equipment.
  • Under Mr. Provenzano’s leadership, the team successfully increased distribution revenues six-fold from $18M to $108M and achieved industry-leading revenue growth from $395M to over $1.4B. Prior to Advanced Energy, he served as VP of Sales for the Americas at Arrow Electronics driving growth on $3.6B in revenue.

Key Quote:

“For customers, Thermal Management and Battery System Solutions are key enablers in their systems for electric vehicles (EV’s), Unmanned Aerial Vehicles (UAV’s), Aerospace, and many other market verticals,” Mr. Provenzano said in a statement. “The KULR team is leading the way with technology, so our partners get to market faster with a differentiated product. I am excited to join KULR and be a part of this critical link in the technology chain as we go forward.”

Market Reaction

As of 7:14, KULR stock jumped 1.54% to $2.64. So far the stock has traded 1 shares traded hands.

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