KULR Technology Group Inc.

Featured Company / KULR Technology Group Inc.

It’s not uncommon to hear or read about initiatives that transition states or countries away from fossil fuels and into greener technology. While certainly noble, some are finding out the hard way the world can only move safely forward as fast as the science and technology adoption allow. Just ask the Arizona Public Service that has hit the brakes on its plan to expand battery storage capacity following an explosion caused by cramming lithium-ion (Li-ion) batteries together in close quarters.

At least, while four firefighters were injured in that instance, no one was killed. In many other instances, people aren’t so lucky; such as the Conception maritime disaster off Santa Cruz Island last year that killed 33 when a fire was started by Li-ion batteries. When it comes right down to it, countless catastrophic fires have been attributed to Li-ion batteries used in automobiles, cell phones, laptops, power tools and much more.

As published on BatteryFires.com, since 2017, the Federal Aviation Administration estimates that lithium battery incidents involving smoke, fire, extreme heat or explosion occurs on average once every eight days on planes/airports. You read that correct: the FAA only was counting incidents involving planes and airports. Start thinking about all the other places – Li-ion batteries are even blamed for fires in trash – and you’ll begin to get full appreciation on just how real the fire threat is, the need for sweeping use of modern technologies to prevent them and the investment opportunity for companies squarely addressing demand related to new safety protocols.

High atop the list of companies in the space is KULR Technology Group Inc. (OTCQB:KULR), a developer, manufacturer and licenser of next-generation carbon fiber thermal management technologies for batteries and electronic systems. KULR’s portfolio of products represent a turnkey solution from battery R&D to shipping to end user application.

KULR’s technology has been real-world tested in some of the harshest environments known to man through its multiple space applications, including use on the International Space Station (ISS) and currently traveling towards Mars as part of the Perseverance Rover. There is not a more sparkling endorsement for the quality and reliability of heat management technology than NASA repeatedly selecting KULR products for space missions, where a Li-ion battery fire could be catastrophic.

In its space business, KULR calls not only NASA as a partner, but also Boeing (NYSE:BA), Lockheed Martin (NYSE:LMT), Ball Aerospace (NYSE:BALL) and Leidos (NYSE:LDOS).

While certainly impressive, the aerospace market was niche for KULR, allowing it to generate some sales, develop relationships with majors and, most importantly, validate its proprietary technology as a market leader. After all, if it can perform in the violent climate of space, thermal management in a car in Texas, a laptop in Taiwan, a tool in Germany, global logistics or any of the millions of places that Li-ion batteries are used every day on Earth shouldn’t be an issue.

2020: A Banner Year for KULR Commercialization

To that point, the company is using 2020 to assert its position in the commercial markets with success already in addressing multiple billion-dollar market opportunities. At the same time, another order has come from NASA and the company is becoming recognized for its expertise in thermal management amongst industry and regulators.

This month, KULR was selected, through its partnership with Leidos, to supply NASA with safe storage solutions for the Microsoft Surface Pro 5 hybrid notebook computers used aboard the ISS. NASA is using a version of KULR’s passive propagation resistant Thermal Runaway Shield (TRS) technology in fireproof storage pouches, which are specifically designed to mitigate the risks of lithium-ion battery fires and explosions, onboard the Orion spacecraft used to transport crews to and from the ISS.

Speaking to future potential, Daniel Barineau, senior project manager of Leidos, stated, "KULR's thermal management technology should have applicability beyond this one implementation, both on the ISS and future destinations. Thermal management solutions are crucial to the safety and security of all missions, and we are pleased to see another effective use of KULR's technology."

Furthermore, NASA's Marshall Space Flight Center (MSFC) in August 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.

With respect to logistics, KULR has teamed up with Americase, the go-to name in shipments of damaged, defective and recalled batteries with approximately a 70% market share. Americase is also one of the leaders in providing lithium battery transportation and storage solutions for large format batteries to some of the world’s largest automotive companies. Per the pact, Americase has exclusive rights to KULR’s PPR technology in production of its Battery Bag to prevent Li-ion thermal runaway propagation during storage and transportation. Further, Americase will source the core materials from KULR in production of these patent-pending bags.

The company has also made its way into the burgeoning electric vehicle (EV) market in recent months. In July, electric supercar maker Drako Motors chose KULR’s fiber thermal interface (FTI) for use in its $1.3 million Drako GTE, a new ultra-high performance EV packing 1,200 horsepower. As with NASA, Drako made it selection based upon KULR’s technology providing superior thermal conductivity, ultra-lightweight and flexible mechanical properties.

When it comes to fire prevention in energy storage systems, KULR has made an impact there as well. Earlier this year, the company teamed with Volta Energy Products, Inc., a Buffalo, New York-based company and wholly owned subsidiary of Viridi Parente, Inc. that manufactures and designs cutting edge Whispertech™ storage systems engineered for safety and power for residential, institutional, commercial, and industrial applications. In this case, KULR’s PPR technology is being implemented into stationary energy storage modules from the grid intended for both immediate backup in case of power outages and supplemental energy during peak demand.

Already working with Boeing, KULR this month partnered with another airplane juggernaut, Airbus (OTC:EADSY). KULR is working with Airbus Defense and Space to provide KULR’s PPR battery design solutions for ongoing research into Li-ion battery testing and safety for flight applications related to defense, space, helicopter and aircraft applications.

The partnership with Airbus demonstrates the comprehensive safety package of KULR technologies, incorporating its TRS and ISC with NASA’s Fractional Thermal Runaway Calorimeter cell analysis technologies to provide an integrated total solution for battery testing and safety. In aggregate, these technologies compartmentalize cells in multi-cell packs with a carbon fiber core and liquid coolant to passively draw heat away from cell failures, dousing an overheating cell with liquid and preventing any potential spread to neighboring cells that would be characteristic in a Li-ion explosion.

Elsewhere, investors would be wise to look for developments in the Li-ion power tool market from KULR. Early in KULR’s commercialization efforts, management disclosed a collaboration with a “global Tier-1 power tool manufacturer” on innovations to improve motor speed while extending longevity in a new line of brushless DC motor products. This is a lucrative market ripe for innovation. The global power tool market is a $100 billion industry controlled by less than 20 companies. Whichever company is the partner – and if the collaboration is successful – KULR could immediately capitalize on this work in a very meaningful and accretive way.

A Thought Leader on the Regulatory Front

Given its deep knowledge and experience in Li-ion thermal management, KULR is making a footprint in the regulatory space to help establish updated industry safety standards. The company has partnered with Hazmat Safety Consulting, an organization with over 60 years of combined experience in developing, influencing, and interpreting lithium battery safety regulations for the safe transport of lithium batteries.

The company also recently joined a United Nations working group along with other battery industry representatives in a joint effort to design new safety stands for packaging and shipping Li-ion batteries. The group is part of the UN’s Transport of Dangerous Goods Sub-Committee, within the Economic Commission for Europe.

Simply getting a seat at this table lends a great deal of credence to the quality of the leadership team, not to mention providing insight to the pulse of the market and potential working relationships going forward.

The Future is Coming into View

For a company that was essentially confined exclusively to products shipped into space for the last few decades, KULR has quickly burst onto the commercial scene in 2020. Savvy investors can start to see all the pieces quickly coming together and the prescient synergies in the growth model with both vertical and horizontal expansion in its aerospace operations, expansion into auto, logistics and tool markets and emerging as an industry influencer in a matter of less than one year.

Against this backdrop, it should not come as a tremendous surprise that stock research firm Litchfield Hills Research LLC earlier this year initiated coverage on KULR with a “Buy” rating and a $5.00 price target. As it happens, Litchfield made the forecast before many of the aforementioned developments occurred. Trading currently around $1.40, that leaves plenty of headroom for growth.

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 October 13, 2020

It’s not uncommon to hear or read about initiatives that transition states or countries away from fossil fuels and into greener technology. While certainly noble, some are finding out the hard way the world can only move safely forward as fast as the science and technology adoption allow. Just ask the Arizona Public Service that has hit the brakes on its plan to expand battery storage capacity following an explosion caused by cramming lithium-ion (Li-ion) batteries together in close quarters.

At least, while four firefighters were injured in that instance, no one was killed. In many other instances, people aren’t so lucky; such as the Conception maritime disaster off Santa Cruz Island last year that killed 33 when a fire was started by Li-ion batteries. When it comes right down to it, countless catastrophic fires have been attributed to Li-ion batteries used in automobiles, cell phones, laptops, power tools and much more.

As published on BatteryFires.com, since 2017, the Federal Aviation Administration estimates that lithium battery incidents involving smoke, fire, extreme heat or explosion occurs on average once every eight days on planes/airports. You read that correct: the FAA only was counting incidents involving planes and airports. Start thinking about all the other places – Li-ion batteries are even blamed for fires in trash – and you’ll begin to get full appreciation on just how real the fire threat is, the need for sweeping use of modern technologies to prevent them and the investment opportunity for companies squarely addressing demand related to new safety protocols.

High atop the list of companies in the space is KULR Technology Group Inc. (OTCQB:KULR), a developer, manufacturer and licenser of next-generation carbon fiber thermal management technologies for batteries and electronic systems. KULR’s portfolio of products represent a turnkey solution from battery R&D to shipping to end user application.

KULR’s technology has been real-world tested in some of the harshest environments known to man through its multiple space applications, including use on the International Space Station (ISS) and currently traveling towards Mars as part of the Perseverance Rover. There is not a more sparkling endorsement for the quality and reliability of heat management technology than NASA repeatedly selecting KULR products for space missions, where a Li-ion battery fire could be catastrophic.

In its space business, KULR calls not only NASA as a partner, but also Boeing (NYSE:BA), Lockheed Martin (NYSE:LMT), Ball Aerospace (NYSE:BALL) and Leidos (NYSE:LDOS).

While certainly impressive, the aerospace market was niche for KULR, allowing it to generate some sales, develop relationships with majors and, most importantly, validate its proprietary technology as a market leader. After all, if it can perform in the violent climate of space, thermal management in a car in Texas, a laptop in Taiwan, a tool in Germany, global logistics or any of the millions of places that Li-ion batteries are used every day on Earth shouldn’t be an issue.

2020: A Banner Year for KULR Commercialization

To that point, the company is using 2020 to assert its position in the commercial markets with success already in addressing multiple billion-dollar market opportunities. At the same time, another order has come from NASA and the company is becoming recognized for its expertise in thermal management amongst industry and regulators.

This month, KULR was selected, through its partnership with Leidos, to supply NASA with safe storage solutions for the Microsoft Surface Pro 5 hybrid notebook computers used aboard the ISS. NASA is using a version of KULR’s passive propagation resistant Thermal Runaway Shield (TRS) technology in fireproof storage pouches, which are specifically designed to mitigate the risks of lithium-ion battery fires and explosions, onboard the Orion spacecraft used to transport crews to and from the ISS.

Speaking to future potential, Daniel Barineau, senior project manager of Leidos, stated, "KULR's thermal management technology should have applicability beyond this one implementation, both on the ISS and future destinations. Thermal management solutions are crucial to the safety and security of all missions, and we are pleased to see another effective use of KULR's technology."

Furthermore, NASA's Marshall Space Flight Center (MSFC) in August 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.

With respect to logistics, KULR has teamed up with Americase, the go-to name in shipments of damaged, defective and recalled batteries with approximately a 70% market share. Americase is also one of the leaders in providing lithium battery transportation and storage solutions for large format batteries to some of the world’s largest automotive companies. Per the pact, Americase has exclusive rights to KULR’s PPR technology in production of its Battery Bag to prevent Li-ion thermal runaway propagation during storage and transportation. Further, Americase will source the core materials from KULR in production of these patent-pending bags.

The company has also made its way into the burgeoning electric vehicle (EV) market in recent months. In July, electric supercar maker Drako Motors chose KULR’s fiber thermal interface (FTI) for use in its $1.3 million Drako GTE, a new ultra-high performance EV packing 1,200 horsepower. As with NASA, Drako made it selection based upon KULR’s technology providing superior thermal conductivity, ultra-lightweight and flexible mechanical properties.

When it comes to fire prevention in energy storage systems, KULR has made an impact there as well. Earlier this year, the company teamed with Volta Energy Products, Inc., a Buffalo, New York-based company and wholly owned subsidiary of Viridi Parente, Inc. that manufactures and designs cutting edge Whispertech™ storage systems engineered for safety and power for residential, institutional, commercial, and industrial applications. In this case, KULR’s PPR technology is being implemented into stationary energy storage modules from the grid intended for both immediate backup in case of power outages and supplemental energy during peak demand.

Already working with Boeing, KULR this month partnered with another airplane juggernaut, Airbus (OTC:EADSY). KULR is working with Airbus Defense and Space to provide KULR’s PPR battery design solutions for ongoing research into Li-ion battery testing and safety for flight applications related to defense, space, helicopter and aircraft applications.

The partnership with Airbus demonstrates the comprehensive safety package of KULR technologies, incorporating its TRS and ISC with NASA’s Fractional Thermal Runaway Calorimeter cell analysis technologies to provide an integrated total solution for battery testing and safety. In aggregate, these technologies compartmentalize cells in multi-cell packs with a carbon fiber core and liquid coolant to passively draw heat away from cell failures, dousing an overheating cell with liquid and preventing any potential spread to neighboring cells that would be characteristic in a Li-ion explosion.

Elsewhere, investors would be wise to look for developments in the Li-ion power tool market from KULR. Early in KULR’s commercialization efforts, management disclosed a collaboration with a “global Tier-1 power tool manufacturer” on innovations to improve motor speed while extending longevity in a new line of brushless DC motor products. This is a lucrative market ripe for innovation. The global power tool market is a $100 billion industry controlled by less than 20 companies. Whichever company is the partner – and if the collaboration is successful – KULR could immediately capitalize on this work in a very meaningful and accretive way.

A Thought Leader on the Regulatory Front

Given its deep knowledge and experience in Li-ion thermal management, KULR is making a footprint in the regulatory space to help establish updated industry safety standards. The company has partnered with Hazmat Safety Consulting, an organization with over 60 years of combined experience in developing, influencing, and interpreting lithium battery safety regulations for the safe transport of lithium batteries.

The company also recently joined a United Nations working group along with other battery industry representatives in a joint effort to design new safety stands for packaging and shipping Li-ion batteries. The group is part of the UN’s Transport of Dangerous Goods Sub-Committee, within the Economic Commission for Europe.

Simply getting a seat at this table lends a great deal of credence to the quality of the leadership team, not to mention providing insight to the pulse of the market and potential working relationships going forward.

The Future is Coming into View

For a company that was essentially confined exclusively to products shipped into space for the last few decades, KULR has quickly burst onto the commercial scene in 2020. Savvy investors can start to see all the pieces quickly coming together and the prescient synergies in the growth model with both vertical and horizontal expansion in its aerospace operations, expansion into auto, logistics and tool markets and emerging as an industry influencer in a matter of less than one year.

Against this backdrop, it should not come as a tremendous surprise that stock research firm Litchfield Hills Research LLC earlier this year initiated coverage on KULR with a “Buy” rating and a $5.00 price target. As it happens, Litchfield made the forecast before many of the aforementioned developments occurred. Trading currently around $1.40, that leaves plenty of headroom for growth.


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.

© 1999-2020AllPennyStocks.com Media, Inc. All rights reserved. AllPennyStocks.com is not a Registered Broker/Dealer or Financial Advisor, nor do we hold ourselves out to be. All materials presented on our web site and individual reports released to the public through this web site, e-mail or any other means of transmission are not to be regarded as investment advice and are only for informative purposes. Before making a purchase or sale of any securities featured on our web site or mentioned in our reports, we strongly encourage and recommend consultation with a registered securities representative. This is not to be construed as a solicitation or recommendation to buy or sell securities. As with any stock, companies we select to profile involve a degree of investment risk and volatility. Particularly Small-Caps and OTC-BB stocks. All investors are cautioned that they may lose all or a portion of their investment if they decide to make a purchase in any of our profiled companies. Past performance of our profiled stocks is not indicative of future results. The accuracy or completeness of the information on our web site or within our reports is only as reliable as the sources they were obtained from. The profile and opinions expressed herein are expressed as of the date the profile is posted on site and are subject to change without notice. No investor should assume that reliance on the views; opinions or recommendations contained herein will produce profitable results. AllPennyStocks.com may hold positions in securities mentioned herein, and may make purchases or sales in such securities featured on our web site or within our reports. In order to be in full compliance with the Securities Act of 1933, Section 17(b), AllPennyStocks.com will disclose in its disclaimer, what, if any compensation was received for our efforts in researching, presenting and disseminating this information to our subscriber database and featuring the report on the AllPennyStocks.com web site. AllPennyStocks.com has been compensated thirty one thousand five hundred dollars by the company for its efforts in presenting the KULR profile on its web site and distributing it to its database of subscribers as well as other services. AllPennyStocks.com may decide to purchase or sell shares on a voluntary basis in the open market before, during or after the profiling period of this report. Information presented on our web site and within our reports contain "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "expects", "will," "anticipates," "estimates, "believes," or that by statements indicating certain actions "may," "could," or "might" occur. THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SMALL CAP SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK.

Other Penny Stock Movers

Tech Stock Flirts With Multi-Year Highs, Announces Transformative Joint Venture
The COVID-19 Pandemic Continues To Fuel Corporate Ingenuity
Communication Sector OTC Outperformers
Most Popular
FREE Newsletter


Back to Top