KULR Technology Group Inc.

Featured Company / KULR Technology Group Inc.

Occasionally, investors get an opportunity to participate with a young company that grows up right before their eyes. There are similar hallmarks to look for, such as quality management, strong R&D and technology, demand from Tier 1 companies, etc. An example would be Force Protection, a manufacturer of mine-resistant, ambush-protected vehicles in the early 2000s. In less than a decade, Force Protection executed on its playbook, going from an insolvent, struggling pink sheet to Nasdaq to $1 billion in sales to being acquired by defense juggernaut General Dynamics (NYSE:GD) for $360 million in 2011.

There are no guarantees of reaching an exit like Force Protection did, but investors in KULR Technology Group Inc. (NYSE American:KULR) are watching the company systematically check all the boxes to emerge as a name brand in battery safety and performance technology. The San Diego-based company develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems, including Thermal Interface Materials, HYDRA Thermal Runaway Shields (TRS), URSA Fiber Thermal Interface Materials, LYRA Internal Short Circuit Trigger Cells, Crux Cathode and ARA Thermal Capacitors with PCM (Phase Change Material) heat sink. The tech is sophisticated, but the long-and-short of KULR is that it solves major engineering problems with temperature control and mitigation of fire/explosion risks in electronics.

KULR – a microcap with a valuation around $220 million currently – spent years refining and co-developing its technology in collaboration with NASA while working with leaders in aerospace like Boeing (NYSE:BA), Ball Aerospace (NYSE:BLL), Airbus (OTC:EADSY), Lockheed Martin (NYSE:LMT), Leidos (NYSE:LDOS) and Raytheon (NYSE:RTX). To that end, KULR products have been used in the most extreme conditions where malfunction is not an option. Laptops on the International Space Station (ISS) use KULR technology and so does the Perseverance Rover currently cruising around Mars searching for signs of ancient life.

The value of thermal management (both heat and cold) can’t be understated in space where essentially everything runs off batteries. For instance, the ISS orbits 250 miles above Earth at a speed of 17,500 miles per hour, passing between sunlight and daylight every 45 minutes. Temperatures swing from 250° F where closest to the sun and -250° F on the shadowed side. On Mars, temperatures range from -220° F to 70° F depending on location and season.

NASA counts on KULR for mission critical components in these extreme conditions, contracting KULR more than 30 times since inception in 2013. In September, NASA’s Marshall Space Flight Center 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 NASA’s JSC 20793 Revision D safety standard.

The Navy has also chimed in, with a report by the Naval Surface Warfare Center Carderock Division in December confirming that KULR’s thermal management solutions can prevent cell-to-cell propagation in Lithium-ion battery systems. If you’ve seen videos of Tesla’s or hoverboards catching fire, you’ve witnessed real-world examples of thermal runaway and cell-to-cell propagation. Given the Li-ion battery market is expected to reach $100 billion by 2024, there is great demand for tech to prevent heat build-up and subsequent fires.

While impressive and lending a great deal of validation to the quality of KULR technology, the aerospace applications are steppingstones in KULR’s growth strategy. Hypergrowth can be achieved by penetrating the rechargeable battery markets right here on Earth, which is exactly where KULR is today.

Against the backdrop of eliminating carbon emissions via electrification of vehicles and a general trend towards all things cordless, applications abound in the battery management systems market. After a record three million EVs were registered in 2020, the International Energy Agency (IEA) recently predicted the number of electric cars, buses, vans and heavy trucks on roads will reach 145 million by 2030. Road vehicles are the headline, but there are millions of other pieces of transportation equipment that will be electrified too, including those never before, like mining equipment.

When considering also that the global battery power tools market is expected to touch $40.4 billion by 2027 and the global 5G market is forecast to grow a stunning 122% annually to $667.9 billion by 2026, the opportunities for KULR begin to crystallize.

The company also is this month launching a new product line of high capacity lithium battery packs targeting the commercial drone market that is anticipated to reach $501.4 billion by 2028.

KULR is making inroads and has already penetrated the auto market in a couple ways. One, KULR was selected by Drako Motors, which will use KULR’s NASA-grade carbon fiber thermal interface material in its all-electric Drako GTE $1.3 million supercar. Drako’s GTE is a four-motor, 1,200-horsepower electric sports car capable of 206 mph, with a battery designed to output 1,800 continuous amps and 2,200 peak amps.

Two, KULR in March became the official thermal management and battery safety technical partner for Andretti Technologies, the advanced technology arm of Andretti Autosport, founded by open-wheel racing legend Michael Andretti. Per the alliance, KULR will establish a thermal management testing and design platform for high performance battery solutions with the highest safety ratings specially adapted to the rigorous technical requirements of Andretti’s global racing enterprise. Both partners will also focus on co-developing and co-marketing motorsports' battery and safety technologies to automotive partners for mass market EV applications.

In the same lane, KULR has become the official thermal management and battery safety provider to Andretti United Extreme E, which competes in the newly launched all-electric SUV Off-Road Racing Series Extreme E. KULR was also a corporate sponsor of Marco Andretti in the 105th Indianapolis 500 on May 30th, with the company’s logo featured on the side tire ramp (just in front of rear tires) of Andretti’s race car.

Elsewhere, KULR has announced R&D partnerships with Volta Energy for battery safety technology in energy storage modules and many companies that still have to remain anonymous for competitive reasons, including a Tier-1 power tool manufacturer, a leading supplier of key electronic components in smartphones, a large medical device maker, a Tier-1 automaker and a manufacturer of shipping containers in addition to its legacy business working with defense and aerospace customers.

KULR’s solutions are truly comprehensive, with the company also involved in the end-life of Li-ion batteries. KULR and Americase, which controls about a 70% share of DDR (Damaged, Defective, or Recalled) battery shipments, partnered last year, providing Americase a license to use KULR’s passive propagation resistant (PPR) technology during rechargeable battery storage and transportation. Further, KULR this month received a special permit from the U.S. Department of Transportation authorizing the transport of lithium-ion and metal batteries for recycling. The permit authorizes exceptions based on using KULR's specially designed thermally protective packaging, which incorporates KULR’s patented TRS technology.

As it enters the commercial retail markets, KULR has solidified its management team. In March, Keith Cochran joined KULR as COO and President. An accomplished senior-level executive with 25+ years’ experience, Cochran was most recently Senior Vice President of Jabil Greenpoint's (NYSE: JBL) Global Business Units in Singapore, where he led the $3.7 billion revenue smartphone technology division. Shortly after, Antonio Martinez was brought in at VP Operations, bringing his 37+ years’ of highly relevant experience to oversee KULR’s day-to-day operations. Greg Provenzano was hired this month as Vice President of Sales and Marketing. Provenzano, who was previously SVP of Sales for Advanced Energy (NASDAQ:AEIS) where he led revenue from $395 million to over $1.4 billion and VP of Sales for the Americas at Arrow Electronics where he took sales to $3.6 billion, is tasked with developing KULR’s sales channel strategy as it pivots into large volume applications and products supporting strategic growth goals.

All these fundamental developments undergirded KULR leaving the OTC markets to graduate to the NYSE American on June 7, 2021. Moving to a national exchange not only garners KULR far more retail and institutional investors visibility, but it also triggers the addition of Joanna D. Massey and Morio Kurosaki to the company’s board of directors, which were contingent on the uplist.

The company has also physically relocated, moving to a new, larger facility in San Diego in April to accommodate continued business growth.

KULR is on firm footing as its multi-prong approach evolves from a component supplier into a complete systems provider. Revenue during the first quarter, ended March 31, 2021, was $417,905. That was up 439% from $77,500 in the year prior quarter and 100% from $208,488 in Q4 2020. In a growth phase, the company unsurprisingly reported a quarterly net loss of $1.7 million, or 2 cents per share.

At the end of Q1, KULR had $6.17 million in cash on hand. A month ago, the company raised $6.5 million in a preferred convertible financing agreement, providing enough capital to fund ongoing development. At this point, KULR has about $10 million in cash and no debt.

Insiders apparently like the future prospects, as they control about 45% of the 92.6 million shares outstanding.

KULR is still early in its mission to become a systems provider but is quickly crossing off all the milestones that it takes to get there, including team, product portfolio, cap structure, customers, partners, and target markets, amongst other things. There appears to be catalysts around every corner, including the upcoming drone battery launch or potentially new partners or something definitive from any number of the companies evaluating the technology for new applications. Whatever it is, it likely won’t take much to lead to KULR continuing an uptrend that began over a year ago.

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.

Corporate Snapshot:
KULR Technology Group Inc.
Stock Symbol: KULR
Stock Exchange: NYSE American
Sector: Technology
52 Week High: $3.7000
52 Week Low: $0.7420

Current Stock Quote / Chart / News: Click here

Information as of June 22, 2021

Occasionally, investors get an opportunity to participate with a young company that grows up right before their eyes. There are similar hallmarks to look for, such as quality management, strong R&D and technology, demand from Tier 1 companies, etc. An example would be Force Protection, a manufacturer of mine-resistant, ambush-protected vehicles in the early 2000s. In less than a decade, Force Protection executed on its playbook, going from an insolvent, struggling pink sheet to Nasdaq to $1 billion in sales to being acquired by defense juggernaut General Dynamics (NYSE:GD) for $360 million in 2011.

There are no guarantees of reaching an exit like Force Protection did, but investors in KULR Technology Group Inc. (NYSE American:KULR) are watching the company systematically check all the boxes to emerge as a name brand in battery safety and performance technology. The San Diego-based company develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems, including Thermal Interface Materials, HYDRA Thermal Runaway Shields (TRS), URSA Fiber Thermal Interface Materials, LYRA Internal Short Circuit Trigger Cells, Crux Cathode and ARA Thermal Capacitors with PCM (Phase Change Material) heat sink. The tech is sophisticated, but the long-and-short of KULR is that it solves major engineering problems with temperature control and mitigation of fire/explosion risks in electronics.

KULR – a microcap with a valuation around $220 million currently – spent years refining and co-developing its technology in collaboration with NASA while working with leaders in aerospace like Boeing (NYSE:BA), Ball Aerospace (NYSE:BLL), Airbus (OTC:EADSY), Lockheed Martin (NYSE:LMT), Leidos (NYSE:LDOS) and Raytheon (NYSE:RTX). To that end, KULR products have been used in the most extreme conditions where malfunction is not an option. Laptops on the International Space Station (ISS) use KULR technology and so does the Perseverance Rover currently cruising around Mars searching for signs of ancient life.

The value of thermal management (both heat and cold) can’t be understated in space where essentially everything runs off batteries. For instance, the ISS orbits 250 miles above Earth at a speed of 17,500 miles per hour, passing between sunlight and daylight every 45 minutes. Temperatures swing from 250° F where closest to the sun and -250° F on the shadowed side. On Mars, temperatures range from -220° F to 70° F depending on location and season.

NASA counts on KULR for mission critical components in these extreme conditions, contracting KULR more than 30 times since inception in 2013. In September, NASA’s Marshall Space Flight Center 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 NASA’s JSC 20793 Revision D safety standard.

The Navy has also chimed in, with a report by the Naval Surface Warfare Center Carderock Division in December confirming that KULR’s thermal management solutions can prevent cell-to-cell propagation in Lithium-ion battery systems. If you’ve seen videos of Tesla’s or hoverboards catching fire, you’ve witnessed real-world examples of thermal runaway and cell-to-cell propagation. Given the Li-ion battery market is expected to reach $100 billion by 2024, there is great demand for tech to prevent heat build-up and subsequent fires.

While impressive and lending a great deal of validation to the quality of KULR technology, the aerospace applications are steppingstones in KULR’s growth strategy. Hypergrowth can be achieved by penetrating the rechargeable battery markets right here on Earth, which is exactly where KULR is today.

Against the backdrop of eliminating carbon emissions via electrification of vehicles and a general trend towards all things cordless, applications abound in the battery management systems market. After a record three million EVs were registered in 2020, the International Energy Agency (IEA) recently predicted the number of electric cars, buses, vans and heavy trucks on roads will reach 145 million by 2030. Road vehicles are the headline, but there are millions of other pieces of transportation equipment that will be electrified too, including those never before, like mining equipment.

When considering also that the global battery power tools market is expected to touch $40.4 billion by 2027 and the global 5G market is forecast to grow a stunning 122% annually to $667.9 billion by 2026, the opportunities for KULR begin to crystallize.

The company also is this month launching a new product line of high capacity lithium battery packs targeting the commercial drone market that is anticipated to reach $501.4 billion by 2028.

KULR is making inroads and has already penetrated the auto market in a couple ways. One, KULR was selected by Drako Motors, which will use KULR’s NASA-grade carbon fiber thermal interface material in its all-electric Drako GTE $1.3 million supercar. Drako’s GTE is a four-motor, 1,200-horsepower electric sports car capable of 206 mph, with a battery designed to output 1,800 continuous amps and 2,200 peak amps.

Two, KULR in March became the official thermal management and battery safety technical partner for Andretti Technologies, the advanced technology arm of Andretti Autosport, founded by open-wheel racing legend Michael Andretti. Per the alliance, KULR will establish a thermal management testing and design platform for high performance battery solutions with the highest safety ratings specially adapted to the rigorous technical requirements of Andretti’s global racing enterprise. Both partners will also focus on co-developing and co-marketing motorsports' battery and safety technologies to automotive partners for mass market EV applications.

In the same lane, KULR has become the official thermal management and battery safety provider to Andretti United Extreme E, which competes in the newly launched all-electric SUV Off-Road Racing Series Extreme E. KULR was also a corporate sponsor of Marco Andretti in the 105th Indianapolis 500 on May 30th, with the company’s logo featured on the side tire ramp (just in front of rear tires) of Andretti’s race car.

Elsewhere, KULR has announced R&D partnerships with Volta Energy for battery safety technology in energy storage modules and many companies that still have to remain anonymous for competitive reasons, including a Tier-1 power tool manufacturer, a leading supplier of key electronic components in smartphones, a large medical device maker, a Tier-1 automaker and a manufacturer of shipping containers in addition to its legacy business working with defense and aerospace customers.

KULR’s solutions are truly comprehensive, with the company also involved in the end-life of Li-ion batteries. KULR and Americase, which controls about a 70% share of DDR (Damaged, Defective, or Recalled) battery shipments, partnered last year, providing Americase a license to use KULR’s passive propagation resistant (PPR) technology during rechargeable battery storage and transportation. Further, KULR this month received a special permit from the U.S. Department of Transportation authorizing the transport of lithium-ion and metal batteries for recycling. The permit authorizes exceptions based on using KULR's specially designed thermally protective packaging, which incorporates KULR’s patented TRS technology.

As it enters the commercial retail markets, KULR has solidified its management team. In March, Keith Cochran joined KULR as COO and President. An accomplished senior-level executive with 25+ years’ experience, Cochran was most recently Senior Vice President of Jabil Greenpoint's (NYSE: JBL) Global Business Units in Singapore, where he led the $3.7 billion revenue smartphone technology division. Shortly after, Antonio Martinez was brought in at VP Operations, bringing his 37+ years’ of highly relevant experience to oversee KULR’s day-to-day operations. Greg Provenzano was hired this month as Vice President of Sales and Marketing. Provenzano, who was previously SVP of Sales for Advanced Energy (NASDAQ:AEIS) where he led revenue from $395 million to over $1.4 billion and VP of Sales for the Americas at Arrow Electronics where he took sales to $3.6 billion, is tasked with developing KULR’s sales channel strategy as it pivots into large volume applications and products supporting strategic growth goals.

All these fundamental developments undergirded KULR leaving the OTC markets to graduate to the NYSE American on June 7, 2021. Moving to a national exchange not only garners KULR far more retail and institutional investors visibility, but it also triggers the addition of Joanna D. Massey and Morio Kurosaki to the company’s board of directors, which were contingent on the uplist.

The company has also physically relocated, moving to a new, larger facility in San Diego in April to accommodate continued business growth.

KULR is on firm footing as its multi-prong approach evolves from a component supplier into a complete systems provider. Revenue during the first quarter, ended March 31, 2021, was $417,905. That was up 439% from $77,500 in the year prior quarter and 100% from $208,488 in Q4 2020. In a growth phase, the company unsurprisingly reported a quarterly net loss of $1.7 million, or 2 cents per share.

At the end of Q1, KULR had $6.17 million in cash on hand. A month ago, the company raised $6.5 million in a preferred convertible financing agreement, providing enough capital to fund ongoing development. At this point, KULR has about $10 million in cash and no debt.

Insiders apparently like the future prospects, as they control about 45% of the 92.6 million shares outstanding.

KULR is still early in its mission to become a systems provider but is quickly crossing off all the milestones that it takes to get there, including team, product portfolio, cap structure, customers, partners, and target markets, amongst other things. There appears to be catalysts around every corner, including the upcoming drone battery launch or potentially new partners or something definitive from any number of the companies evaluating the technology for new applications. Whatever it is, it likely won’t take much to lead to KULR continuing an uptrend that began over a year ago.

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.

Disclaimer

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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