Featured Company /
KULR Technology Group Inc.
While electrification of vehicles has been front and center for months, if not years, to help tech stocks soar to record highs, it got an added boost with the election of Joe Biden to the presidency of the United States. The new president, who was often viewed as not exactly a friend to the oil and gas industry, doubled down with campaign promises to spearhead a push for green energy in the country. One of his earliest executive orders as president was to see to it that infrastructure for EVs, namely 500,000 charging stations nationwide, is prioritized and that the entire federal fleet of some 650,000 vehicles is transitioned from fossil fuels to electric vehicles.
These directives amplified interest in companies throughout the EV industry and underscored intense demand for SPACs (special purpose acquisition companies), blank check public companies created solely for the reason of bringing a private company public via reverse merger. Of note, EV startups like Fisker (NYSE:FSR), Nikola (NASDAQ:NKLA), Lordstown Motors (NASDAQ:RIDE) and, most recently Lucid (NYSE:CCIV) have had no trouble generating billions of dollars in SPAC deals to develop their electric vehicles to compete with the wildly popular Tesla (NASDAQ:TSLA) brand.
Market participants understand, though, that the market opportunity is much broader than just these automakers. Every single car that roles off a production line relies upon a deep supply chain that is still evolving within the nascent market. Many companies, from miners unearthing raw metals to tech experts, are going to be made and prosper by feeding demand if 58% of global passenger vehicle sales in 2040 will come from EVs, as predicted by Bloomberg New Energy Finance.
KULR Technology Proven in Space
For KULR Technology Group (OTCQB:KULR), the opportunity is in safety and performance of battery and energy storage systems beginning with lithium-ion (Li-ion) batteries. The San Diego-based company has about 30 years’ experience perfecting its carbon fiber technology under some of the Milky Way's most challenging conditions. That's not hyperbole. Throughout its history, KULR has worked alongside NASA and with some of the world's top aerospace companies, including Boeing (NYSE:BA), Ball Aerospace (NYSE:BLL), Lockheed Martin (NYSE:LMT) and Leidos (NYSE:LDOS), on thermal management of battery system architecture.
Anyone that has put a warm or even hot laptop computer on their legs has experienced a real-world example of the heat that can be generated by Li-ion batteries. Mainstream media has widely publicized instances of Li-ion batteries spontaneous catching fire, albeit in an EV or a hoverboard. Safe to say, heat transference, heat dissipation and thermal runaway are genuine engineering problems, particularly amid incessant demand for more power, longer battery life and smaller, lighter sizes in products integral to making everything from mobile phones to tractor trailers.
Thermal management is KULR's expertise. NASA knows it and trusts it for space projects where a battery fire could cost hundreds of millions of dollars of damage and years of preparation. KULR's carbon fiber products exploit the wonderful physical properties of carbon fiber, including being ultra-lightweight with high thermal conductivity, flexibility and tensile strength. Collectively, these properties make KULR’s heat sink and thermal interface material solutions ideal for electronics applications where efficient cooling and size and weight restrictions are of concern.
These technologies are used to protect astronauts' laptops and tablets on the International Space Station and, this month, completed the 293-million-mile journey to touch down on Mars as part of the Perseverance rover. For the mission, KULR was tasked with providing crucial thermal management for vital components of the rover as part of the SHERLOC (Scanning Habitable Environment with Raman & Luminescence for Organics & Chemicals) equipment searching for signs of life on the red planet. Thermal management doesn't always mean just heat; it covers cold too, which is important on Mars where the temperature can swing from about 22° Celsius (71°F) to -99° Celsius (-146°F) in a day.
Elsewhere, NASA's Marshall Space Flight Center last fall awarded KULR a dual-use technology development agreement to build 3D printed battery systems for manned and robotic space applications. KULR’s passive propagation resistant (PPR) and internal short circuit (ISC) technologies will be used to develop 3D printed battery systems that meet the JSC 20793 Revision D safety standard created by NASA for crewed space missions.
KULR Landing on Earth
KULR was also recently selected by a global Tier-1 manufacturer of aerospace and defense technology to provide thermal management design services to improve performance of hypersonic weapons with KULR's advanced phase-change heatsink designs. The benefit is expected to be longer range and larger kinetic power than today's systems by overcoming limitations in heat dispersion.
KULR kept its non-disclosure promise by not saying which Tier 1 company it is, but from this list it is clear that this little company is working with some of the biggest in the world. It is not uncommon for top companies to not want their name made public for competitive reasons.
The company didn't have to be secretive in saying that it partnered with Airbus Defense and Space (OTC:EADSY) (Euronext: AIR) to provide its passive propagation resistant (PPR) battery design solutions for ongoing research into lithium-ion battery testing and safety for flight applications.
The Federal Aviation Administration has also called upon KULR, with the company supplying the FAA its internal short circuit (ISC) battery safety and testing device technology during Q4 2020.
As it continues to expand its aerospace business (including hypersonics, space vehicles, long range stand-off weapons and long loiter drones), KULR is off on a new mission to bring its space-qualified electronics cooling systems and solutions for preventing battery fires and explosions here on Earth. Backstopped not only by the NASA endorsement, KULR in December was featured in a report discussing research conducted by the Naval Surface Warfare Center Carderock Division on the company’s battery safety technology. The report confirms that KULR’s thermal management solutions can prevent cell-to-cell propagation, the hallmark of a runaway battery fire. In short, the technology works, even under the most extreme conditions.
The potential scope of commercial applications for KULR’s technologies is nearly boundless with usage for next-generation mobile, consumer electronics, cloud computing, energy storage, 5G communications, and E-Mobility (electric vehicle and autonomous driving).
It's not taking KULR long to establish itself as a key opinion leader and garner the attention of leading companies. On the regulatory front, KULR, a member of the Outdoor Power Equipment Institute, has participated in the United Nations Transport of Dangerous Goods Sub-Committee Informal Working Group to establish test methods and criteria by which lithium batteries can be more affectively regulated and partnered with Hazmat Safety Consulting to improve industry standards for commercial battery shipments.
In one of its first commercialization deals, KULR's thermal runaway shield (TRS) was selected by Americase for the shipment of lithium batteries last year. Americase is the go-to name in the electronics industry for shipments involving defective, damaged or recalled batteries, controlling a 70% market share.
KULR technology is also going into one of the world's elite supercars, the Drako GTE. Last year, Drako contracted KULR to use its thermal management products for the uber-high performance all-electric car that delivers a stunning 1,200 horsepower, 6,500 foot-pounds of wheel torque and a top speed of 206 mph. The $1.3-million GTE is powered by a 450-volt Li-ion battery system that cranks out up to 1,800 continuous and 2,200 peak amps. Drako is counting on KULR to help mitigate the extreme heat that is created in the process.
Investors should also be on the lookout for news relating to a memorandum of understanding between KULR and a "leading global electronics component and battery manufacturer" inked late in October. This anonymous manufacturer supplies key electrical components used in smartphones like the Apple (NASDAQ:AAPL) iPhone. The MOU spells out negotiations between the two parties where the manufacturer is evaluating KULR's ISC and TRS technology for potential commercialization.
Along the same lines, KULR is in discussions with a global Tier-1 power tool manufacturer to improve the efficiency of brushless DC (BLDC) motors with its FTI (Fiber Thermal Interface) cooling solution. Again, the name hasn't been disclosed, but the list of top companies shows less than 20 companies control over 90% of the $51 billion global power tool market.
The cordless power tool industry is ripe for innovation to give tools more power and longer run times. For those in the construction space, there is nothing more frustrating than having to change batteries frequently or a tool lacking the power to get a job done. KULR tech may provide a viable solution.
An Emerging Growth Story
KULR is an emerging story in about every sense of the word ever since it began commercialization efforts last year. Typically, the commercialization process is painfully slow, as majors just don't change gears quickly; it takes a long time to go through the byzantine corporate approval process, particularly with Tier 1 companies. Presumably owing to the well documented high-performance qualities and fact that NASA has contracted KULR for over 30 projects, management seems to be expeditiously entering negotiations with leading players looking to cutting-edge innovation to bring next gen products to market. With its sights set on multiple multi-billion-dollar market opportunities, KULR is an anomaly in the microcap market that should be able to leverage a serious competitive edge to scale revenue and, ultimately, graduate to a national exchange where it will get a lot more attention someday.
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AllPennyStocks.com Media, Inc., founded in 1999, is one of North America’s largest and most comprehensive small-cap / penny stock financial portals. With Canadian and U.S. focused penny stock features and content, the site offers information for novice investors to expert traders. Outside of the countless free content available to visitors, AllPennyStocks.com Pro (premium service) caters to traders looking for that trading edge by offering monthly stock picks, daily penny stock to watch trade ideas, market commentary and more.
As a result of its commitment to journalistic excellence and abundance of information in a particular area of equity investing (micro-cap investing) where there aren’t many credible sources of information, AllPennyStocks.com continues to have one of the largest audiences of micro-cap investors on the internet.
Corporate Snapshot:
KULR Technology Group Inc.
Stock Symbol:
KULR
Stock Exchange:
OTCQB
Sector:
Technology
52 Week High:
$3.7100
52 Week Low:
$0.5600
Current Stock Quote / Chart / News: Click here
Information as of
March 02, 2021
While electrification of vehicles has been front and center for months, if not years, to help tech stocks soar to record highs, it got an added boost with the election of Joe Biden to the presidency of the United States. The new president, who was often viewed as not exactly a friend to the oil and gas industry, doubled down with campaign promises to spearhead a push for green energy in the country. One of his earliest executive orders as president was to see to it that infrastructure for EVs, namely 500,000 charging stations nationwide, is prioritized and that the entire federal fleet of some 650,000 vehicles is transitioned from fossil fuels to electric vehicles.
These directives amplified interest in companies throughout the EV industry and underscored intense demand for SPACs (special purpose acquisition companies), blank check public companies created solely for the reason of bringing a private company public via reverse merger. Of note, EV startups like Fisker (NYSE:FSR), Nikola (NASDAQ:NKLA), Lordstown Motors (NASDAQ:RIDE) and, most recently Lucid (NYSE:CCIV) have had no trouble generating billions of dollars in SPAC deals to develop their electric vehicles to compete with the wildly popular Tesla (NASDAQ:TSLA) brand.
Market participants understand, though, that the market opportunity is much broader than just these automakers. Every single car that roles off a production line relies upon a deep supply chain that is still evolving within the nascent market. Many companies, from miners unearthing raw metals to tech experts, are going to be made and prosper by feeding demand if 58% of global passenger vehicle sales in 2040 will come from EVs, as predicted by Bloomberg New Energy Finance.
KULR Technology Proven in Space
For KULR Technology Group (OTCQB:KULR), the opportunity is in safety and performance of battery and energy storage systems beginning with lithium-ion (Li-ion) batteries. The San Diego-based company has about 30 years’ experience perfecting its carbon fiber technology under some of the Milky Way's most challenging conditions. That's not hyperbole. Throughout its history, KULR has worked alongside NASA and with some of the world's top aerospace companies, including Boeing (NYSE:BA), Ball Aerospace (NYSE:BLL), Lockheed Martin (NYSE:LMT) and Leidos (NYSE:LDOS), on thermal management of battery system architecture.
Anyone that has put a warm or even hot laptop computer on their legs has experienced a real-world example of the heat that can be generated by Li-ion batteries. Mainstream media has widely publicized instances of Li-ion batteries spontaneous catching fire, albeit in an EV or a hoverboard. Safe to say, heat transference, heat dissipation and thermal runaway are genuine engineering problems, particularly amid incessant demand for more power, longer battery life and smaller, lighter sizes in products integral to making everything from mobile phones to tractor trailers.
Thermal management is KULR's expertise. NASA knows it and trusts it for space projects where a battery fire could cost hundreds of millions of dollars of damage and years of preparation. KULR's carbon fiber products exploit the wonderful physical properties of carbon fiber, including being ultra-lightweight with high thermal conductivity, flexibility and tensile strength. Collectively, these properties make KULR’s heat sink and thermal interface material solutions ideal for electronics applications where efficient cooling and size and weight restrictions are of concern.
These technologies are used to protect astronauts' laptops and tablets on the International Space Station and, this month, completed the 293-million-mile journey to touch down on Mars as part of the Perseverance rover. For the mission, KULR was tasked with providing crucial thermal management for vital components of the rover as part of the SHERLOC (Scanning Habitable Environment with Raman & Luminescence for Organics & Chemicals) equipment searching for signs of life on the red planet. Thermal management doesn't always mean just heat; it covers cold too, which is important on Mars where the temperature can swing from about 22° Celsius (71°F) to -99° Celsius (-146°F) in a day.
Elsewhere, NASA's Marshall Space Flight Center last fall awarded KULR a dual-use technology development agreement to build 3D printed battery systems for manned and robotic space applications. KULR’s passive propagation resistant (PPR) and internal short circuit (ISC) technologies will be used to develop 3D printed battery systems that meet the JSC 20793 Revision D safety standard created by NASA for crewed space missions.
KULR Landing on Earth
KULR was also recently selected by a global Tier-1 manufacturer of aerospace and defense technology to provide thermal management design services to improve performance of hypersonic weapons with KULR's advanced phase-change heatsink designs. The benefit is expected to be longer range and larger kinetic power than today's systems by overcoming limitations in heat dispersion.
KULR kept its non-disclosure promise by not saying which Tier 1 company it is, but from this list it is clear that this little company is working with some of the biggest in the world. It is not uncommon for top companies to not want their name made public for competitive reasons.
The company didn't have to be secretive in saying that it partnered with Airbus Defense and Space (OTC:EADSY) (Euronext: AIR) to provide its passive propagation resistant (PPR) battery design solutions for ongoing research into lithium-ion battery testing and safety for flight applications.
The Federal Aviation Administration has also called upon KULR, with the company supplying the FAA its internal short circuit (ISC) battery safety and testing device technology during Q4 2020.
As it continues to expand its aerospace business (including hypersonics, space vehicles, long range stand-off weapons and long loiter drones), KULR is off on a new mission to bring its space-qualified electronics cooling systems and solutions for preventing battery fires and explosions here on Earth. Backstopped not only by the NASA endorsement, KULR in December was featured in a report discussing research conducted by the Naval Surface Warfare Center Carderock Division on the company’s battery safety technology. The report confirms that KULR’s thermal management solutions can prevent cell-to-cell propagation, the hallmark of a runaway battery fire. In short, the technology works, even under the most extreme conditions.
The potential scope of commercial applications for KULR’s technologies is nearly boundless with usage for next-generation mobile, consumer electronics, cloud computing, energy storage, 5G communications, and E-Mobility (electric vehicle and autonomous driving).
It's not taking KULR long to establish itself as a key opinion leader and garner the attention of leading companies. On the regulatory front, KULR, a member of the Outdoor Power Equipment Institute, has participated in the United Nations Transport of Dangerous Goods Sub-Committee Informal Working Group to establish test methods and criteria by which lithium batteries can be more affectively regulated and partnered with Hazmat Safety Consulting to improve industry standards for commercial battery shipments.
In one of its first commercialization deals, KULR's thermal runaway shield (TRS) was selected by Americase for the shipment of lithium batteries last year. Americase is the go-to name in the electronics industry for shipments involving defective, damaged or recalled batteries, controlling a 70% market share.
KULR technology is also going into one of the world's elite supercars, the Drako GTE. Last year, Drako contracted KULR to use its thermal management products for the uber-high performance all-electric car that delivers a stunning 1,200 horsepower, 6,500 foot-pounds of wheel torque and a top speed of 206 mph. The $1.3-million GTE is powered by a 450-volt Li-ion battery system that cranks out up to 1,800 continuous and 2,200 peak amps. Drako is counting on KULR to help mitigate the extreme heat that is created in the process.
Investors should also be on the lookout for news relating to a memorandum of understanding between KULR and a "leading global electronics component and battery manufacturer" inked late in October. This anonymous manufacturer supplies key electrical components used in smartphones like the Apple (NASDAQ:AAPL) iPhone. The MOU spells out negotiations between the two parties where the manufacturer is evaluating KULR's ISC and TRS technology for potential commercialization.
Along the same lines, KULR is in discussions with a global Tier-1 power tool manufacturer to improve the efficiency of brushless DC (BLDC) motors with its FTI (Fiber Thermal Interface) cooling solution. Again, the name hasn't been disclosed, but the list of top companies shows less than 20 companies control over 90% of the $51 billion global power tool market.
The cordless power tool industry is ripe for innovation to give tools more power and longer run times. For those in the construction space, there is nothing more frustrating than having to change batteries frequently or a tool lacking the power to get a job done. KULR tech may provide a viable solution.
An Emerging Growth Story
KULR is an emerging story in about every sense of the word ever since it began commercialization efforts last year. Typically, the commercialization process is painfully slow, as majors just don't change gears quickly; it takes a long time to go through the byzantine corporate approval process, particularly with Tier 1 companies. Presumably owing to the well documented high-performance qualities and fact that NASA has contracted KULR for over 30 projects, management seems to be expeditiously entering negotiations with leading players looking to cutting-edge innovation to bring next gen products to market. With its sights set on multiple multi-billion-dollar market opportunities, KULR is an anomaly in the microcap market that should be able to leverage a serious competitive edge to scale revenue and, ultimately, graduate to a national exchange where it will get a lot more attention someday.
About AllPennyStocks.com:
AllPennyStocks.com Media, Inc., founded in 1999, is one of North America’s largest and most comprehensive small-cap / penny stock financial portals. With Canadian and U.S. focused penny stock features and content, the site offers information for novice investors to expert traders. Outside of the countless free content available to visitors, AllPennyStocks.com Pro (premium service) caters to traders looking for that trading edge by offering monthly stock picks, daily penny stock to watch trade ideas, market commentary and more.
As a result of its commitment to journalistic excellence and abundance of information in a particular area of equity investing (micro-cap investing) where there aren’t many credible sources of information, AllPennyStocks.com continues to have one of the largest audiences of micro-cap investors on the internet.
Forward Looking Statements
This report includes forward-looking statements that reflect current expectations about its future results, performance, prospects and opportunities. KULR Technology Group Inc. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause KULR Technology Group Inc.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.
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AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. This is an advertisement for KULR Technology Group Inc. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.
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