KULR Technology Group, Inc.

Featured Company / KULR Technology Group, Inc.

Ever feel your mobile phone or your laptop getting hot when in use? How about hearing stories of an electric vehicle or a hoverboard catching fire? These are a few simple examples of heat generation problems engineers are concerned about when calculating performance and power in electronics.

As consumers, all we know is that we want more power, faster processing, longer battery life, etc., but most don’t consider what it takes to reach that end. And, of course, we want it at a reasonable price. Designers are constantly challenged with these trade-offs because, in most cases, there simply aren’t readily available solutions addressing performance, power, size and price all in one package.

The answer to the problem of “more power equals more heat” may be found in space and readily available on Earth at the same time. Literally. And now it is making its way to more mainstream applications.

KULR Technology Group, Inc. (OTCQB:KULR) develops and commercializes high-performance space-used thermal management technologies for electronics, batteries and other components across a wide array of applications. The San Diego, California-based company has been in the thermal management market for nearly three decades, with its products deployed in many aerospace and industrial applications.

Many of KULR’s advanced carbon heat transference and heat dissipation technologies were developed alongside NASA.  The Company exploits the wonderful physical properties of carbon fiber, including high thermal conductivity, flexibility, tensile strength, and ultra-light weight.  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.

Of particular note, KULR’s technologies are currently being utilized on the International Space Station (ISS). NASA used KULR’s heat sink solution for its NICER telescope (on the ISS) and more recently used the Company’s battery enclosure technology, Thermal Runaway Shield (TRS), to safely ship and store lithium-ion batteries aboard the ISS. The Company’s TRS technology can prevent an event known as thermal runaway propagation (TRP), which can result in a dangerous explosive fire due to batteries overheating and failing. NASA isn’t alone in its conviction of KULR’s technologies. Current customers include NASA, the U.S. Department of Transportation, U.S. Air Force, U.S. Army and Defense Logistics Agency.

Did you Know?

KULR’s heat sink technology is also being used by NASA as part of the upcoming Mars 2020 Rover mission.

These contracts do more than just lend validation to the technology, they somewhat insulate the company from volatility associated with the Covid-19 pandemic.

With the technology qualified under the most demanding conditions, KULR management is now pushing to employ its technologies in tomorrow’s mobile, consumer electronics, cloud computing, energy storage, 5G communications, and E-Mobility (electric vehicle and autonomous driving) applications.

KULR’s core technology is a proprietary carbon fiber material that delivers superior thermal conductivity and heat dissipation in an ultra-lightweight and pliable material that makes products using it safer and cooler. The microcap’s technology has been featured in The Wall Street Journal, CNN, Forbes and Cheddar TV for its utility from space to Main St.

KULR’s TRS was recently in the news via a new licensing agreement between Americase and KULR where the technology is being used as a shipping material for lithium batteries. Americase is the go-to name in the electronics industry for shipments involving defective, damaged or recalled batteries, controlling a 70% market share. Americase will be using the same core technology used to safely ship and store laptop batteries aboard the International Space Station for its packaging materials.

Speaking to the quality of KULR’s TRS, Dr. Eric Darcy, NASA Johnson Space Control Lead Battery Principal, commented that “NASA has not found a design solution with as much promise for preventing Li-ion battery TRP with as positive temperature margins on the adjacent cells while also being very lightweight.”

KULR has also recently partnered with Hazmat Safety Consulting, LLC (HSC), which has over 60 years of combined experience in developing, influencing, and interpreting lithium battery safety regulations for the safe transport of lithium batteries. The collaboration is for the purpose of working with industry and regulatory leaders on new passive propagation resistant (PPR) solutions.

Thermal Interface Materials (TIMs) might not be the sexiest part of technology, but they are part-in-parcel to its efficient functionality. Any investor that likes semiconductor stocks because of the future of technology should be educated on TIMs. There are good reasons that IDTechEx is calling for greater adoption of advanced carbons in the evolution of cooling materials and BCC Research estimated that the potential for thermal management solutions in electronic applications will reach $14.7 billion next year.

Furthermore, KULR has taken its TIM technology to the global power tool market, estimated by Markets and Markets to grow at a 5.5% compound annual growth rate to $41.7 billion by 2024. In November, KULR inked a collaboration agreement 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.

If you’ve ever used a cordless drill and felt it getting very hot and rapidly losing power, you’ve experienced a shortcoming of current technology and should understand what the FTI solution brings to the table.  FTI allows BLDC motors to run cooler for longer and draws power more efficiently.  If KULR succeeds in commercializing FTI within the power tool market, the implications for mass market commercialization are wide-ranging given the diversity of applications that utilize BLDC motors, including heating and air conditioning systems, home appliances, manufacturing equipment, and electric transportation.

According to Statista, there were 13.09 billion mobile devices worldwide in 2019. Keeping in mind those everyday examples that touch home with just about everyone, now consider the almost limitless number of other applications (a list that keeps growing every day with new technologies). For instance, the Internet of Things (IoT) has put a semiconductor on trillions of items across the planet to allow them to achieve remote connectivity.

Electronics system engineers have to deal with a myriad of complex problems when designing next-generation electronics products.  As devices become more miniaturized or power hungry as is the case with the emerging electric vehicle market, properly addressing heat concerns becomes critically important for electronics and auto manufacturers.

Pioneering the commercialization of these advanced carbon technologies for economies of scale is little-known KULR.  Shrewdly, the Company recognizes vast market opportunities of expanding its technical footprint outside of government agencies. It has done just that, growing its customer base from 13 to 28 clients in 2019, while at the same time reducing monthly operating expenses.

As KULR management seeks expansion into mass commercialization within consumer-facing industries (taken a brief hiatus due to COVID-19 pandemic), it has made good use of its time during the economic shutdown by aggressively pursuing government contracts and has bid for and submitted 10 proposals since March 2020. The company is leveraging its long-standing relationships with the U.S. Department of Defense and NASA, strengthening its R&D unit with government funding and continuing to utilize its technological expertise in battery safety and electronics thermal management technology.

As the deal flow accelerates, KULR in March secured capital to fund expansion. At that time, KULR closed an initial loan of $1.5 million with Yorkville Advisors with an additional Standby Equity Distribution Agreement (“SEDA”) in place. In short, a SEDA means that Yorkville will buy shares of KULR when directed by KULR management. Under the terms of the SEDA agreement, Yorkville has committed up to $8.0 million equity financing over a 24-month period in individual tranches of up to $100,000 each.

With a goal to reach cash-flow breakeven by the end of December, KULR looks better positioned fundamentally than ever before and on course to have a transformational second half of 2020.

Corporate Snapshot:
KULR Technology Group, Inc.
Stock Symbol: KULR
Stock Exchange: OTCQB
Sector: Technology
52 Week High: $2.0000
52 Week Low: $0.6500

Current Stock Quote / Chart / News: Click here

Information as of June 03, 2020

Ever feel your mobile phone or your laptop getting hot when in use? How about hearing stories of an electric vehicle or a hoverboard catching fire? These are a few simple examples of heat generation problems engineers are concerned about when calculating performance and power in electronics.

As consumers, all we know is that we want more power, faster processing, longer battery life, etc., but most don’t consider what it takes to reach that end. And, of course, we want it at a reasonable price. Designers are constantly challenged with these trade-offs because, in most cases, there simply aren’t readily available solutions addressing performance, power, size and price all in one package.

The answer to the problem of “more power equals more heat” may be found in space and readily available on Earth at the same time. Literally. And now it is making its way to more mainstream applications.

KULR Technology Group, Inc. (OTCQB:KULR) develops and commercializes high-performance space-used thermal management technologies for electronics, batteries and other components across a wide array of applications. The San Diego, California-based company has been in the thermal management market for nearly three decades, with its products deployed in many aerospace and industrial applications.

Many of KULR’s advanced carbon heat transference and heat dissipation technologies were developed alongside NASA.  The Company exploits the wonderful physical properties of carbon fiber, including high thermal conductivity, flexibility, tensile strength, and ultra-light weight.  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.

Of particular note, KULR’s technologies are currently being utilized on the International Space Station (ISS). NASA used KULR’s heat sink solution for its NICER telescope (on the ISS) and more recently used the Company’s battery enclosure technology, Thermal Runaway Shield (TRS), to safely ship and store lithium-ion batteries aboard the ISS. The Company’s TRS technology can prevent an event known as thermal runaway propagation (TRP), which can result in a dangerous explosive fire due to batteries overheating and failing. NASA isn’t alone in its conviction of KULR’s technologies. Current customers include NASA, the U.S. Department of Transportation, U.S. Air Force, U.S. Army and Defense Logistics Agency.

Did you Know?

KULR’s heat sink technology is also being used by NASA as part of the upcoming Mars 2020 Rover mission.

These contracts do more than just lend validation to the technology, they somewhat insulate the company from volatility associated with the Covid-19 pandemic.

With the technology qualified under the most demanding conditions, KULR management is now pushing to employ its technologies in tomorrow’s mobile, consumer electronics, cloud computing, energy storage, 5G communications, and E-Mobility (electric vehicle and autonomous driving) applications.

KULR’s core technology is a proprietary carbon fiber material that delivers superior thermal conductivity and heat dissipation in an ultra-lightweight and pliable material that makes products using it safer and cooler. The microcap’s technology has been featured in The Wall Street Journal, CNN, Forbes and Cheddar TV for its utility from space to Main St.

KULR’s TRS was recently in the news via a new licensing agreement between Americase and KULR where the technology is being used as a shipping material for lithium batteries. Americase is the go-to name in the electronics industry for shipments involving defective, damaged or recalled batteries, controlling a 70% market share. Americase will be using the same core technology used to safely ship and store laptop batteries aboard the International Space Station for its packaging materials.

Speaking to the quality of KULR’s TRS, Dr. Eric Darcy, NASA Johnson Space Control Lead Battery Principal, commented that “NASA has not found a design solution with as much promise for preventing Li-ion battery TRP with as positive temperature margins on the adjacent cells while also being very lightweight.”

KULR has also recently partnered with Hazmat Safety Consulting, LLC (HSC), which has over 60 years of combined experience in developing, influencing, and interpreting lithium battery safety regulations for the safe transport of lithium batteries. The collaboration is for the purpose of working with industry and regulatory leaders on new passive propagation resistant (PPR) solutions.

Thermal Interface Materials (TIMs) might not be the sexiest part of technology, but they are part-in-parcel to its efficient functionality. Any investor that likes semiconductor stocks because of the future of technology should be educated on TIMs. There are good reasons that IDTechEx is calling for greater adoption of advanced carbons in the evolution of cooling materials and BCC Research estimated that the potential for thermal management solutions in electronic applications will reach $14.7 billion next year.

Furthermore, KULR has taken its TIM technology to the global power tool market, estimated by Markets and Markets to grow at a 5.5% compound annual growth rate to $41.7 billion by 2024. In November, KULR inked a collaboration agreement 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.

If you’ve ever used a cordless drill and felt it getting very hot and rapidly losing power, you’ve experienced a shortcoming of current technology and should understand what the FTI solution brings to the table.  FTI allows BLDC motors to run cooler for longer and draws power more efficiently.  If KULR succeeds in commercializing FTI within the power tool market, the implications for mass market commercialization are wide-ranging given the diversity of applications that utilize BLDC motors, including heating and air conditioning systems, home appliances, manufacturing equipment, and electric transportation.

According to Statista, there were 13.09 billion mobile devices worldwide in 2019. Keeping in mind those everyday examples that touch home with just about everyone, now consider the almost limitless number of other applications (a list that keeps growing every day with new technologies). For instance, the Internet of Things (IoT) has put a semiconductor on trillions of items across the planet to allow them to achieve remote connectivity.

Electronics system engineers have to deal with a myriad of complex problems when designing next-generation electronics products.  As devices become more miniaturized or power hungry as is the case with the emerging electric vehicle market, properly addressing heat concerns becomes critically important for electronics and auto manufacturers.

Pioneering the commercialization of these advanced carbon technologies for economies of scale is little-known KULR.  Shrewdly, the Company recognizes vast market opportunities of expanding its technical footprint outside of government agencies. It has done just that, growing its customer base from 13 to 28 clients in 2019, while at the same time reducing monthly operating expenses.

As KULR management seeks expansion into mass commercialization within consumer-facing industries (taken a brief hiatus due to COVID-19 pandemic), it has made good use of its time during the economic shutdown by aggressively pursuing government contracts and has bid for and submitted 10 proposals since March 2020. The company is leveraging its long-standing relationships with the U.S. Department of Defense and NASA, strengthening its R&D unit with government funding and continuing to utilize its technological expertise in battery safety and electronics thermal management technology.

As the deal flow accelerates, KULR in March secured capital to fund expansion. At that time, KULR closed an initial loan of $1.5 million with Yorkville Advisors with an additional Standby Equity Distribution Agreement (“SEDA”) in place. In short, a SEDA means that Yorkville will buy shares of KULR when directed by KULR management. Under the terms of the SEDA agreement, Yorkville has committed up to $8.0 million equity financing over a 24-month period in individual tranches of up to $100,000 each.

With a goal to reach cash-flow breakeven by the end of December, KULR looks better positioned fundamentally than ever before and on course to have a transformational second half of 2020.


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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