Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
KULR Technology Provides Battery Safety Research and Testing Devices to Federal Aviation Administration
KULR’s internal short circuit technology to be used in evaluating problems leading to passenger lithium-ion battery malfunctions that can cause smoke and fire incidents aboard aircrafts
SAN DIEGO, CA / ACCESSWIRE / October 22, 2020 / KULR Technology Group, Inc. (OTCQB:KULR) (the “Company” or “KULR”), a leading developer of next-generation thermal management technologies, announces it has supplied its internal short circuit ( ISC ) battery safety and testing device technology to the Federal Aviation Administration (FAA).
According to data released by the FAA, since January 2017, an air/airport incident involving lithium batteries (smoke, fire, extreme heat, or explosion) has occurred on average about once every eight days. As the exclusive provider of ISC technology to the FAA, KULR’s devices will address the alarming increase in smoke and fire incidents aboard an aircraft due to passengers’ malfunctioning lithium-ion batteries.
Developed by researchers at NASA and the National Renewable Energy Lab (NREL), the ISC device reliably creates thermal runaway in lithium-ion battery trigger cells in controlled, laboratory conditions. Unlike most other evaluation methodologies that mechanically damage the battery exterior to activate the short, KULR’s ISC device triggers a true internal short. This method makes it possible to accurately pinpoint and fix problems leading to battery malfunctions. KULR’s ISC technology received the prestigious R&D100 Award in 2016 and was runner-up for NASA invention of the year in 2017.
“We’re excited to provide the FAA’s research and design engineers an advanced means to improve avionic battery safety,” said Michael Mo, CEO of KULR. “Designing safer battery enclosures and systems is a key element in aviation sector safety and a cornerstone of what we do at KULR. The FAA’s ISC order is just the latest example of KULR’s ongoing effort to provide our technology to regulators and industry trade groups in order to educate consumers and enhance battery safety.”
Last month, KULR participated in meetings of the United Nations Transport of Dangerous Goods Sub-Committee Informal Working Group to establish test methods and criteria by which lithium batteries could be more effectively regulated based on their inherent hazards. The Company also recently announced its membership into the Outdoor Power Equipment Institute (“OPEI”), further advancing its commitment to the safe design and manufacturing of lithium batteries.
About KULR Technology Group, Inc.
KULR Technology Group, Inc. (OTCQB: KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company’s roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.kulrtechnology.com.
Safe Harbor Statement
This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed on May 14, 2020. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Source: https://apnews.com/press-release/accesswire/technology-business-corporate-news-transportation-and-shipping-products-and-services-c5519c0b3c1afd151fec5da9ccfde081
KULR Technology Group to Participate in Electric Vehicle Webinar Presented by Maxim Group LLC and M-Vest on October 22nd, 2020
SAN DIEGO, CA / ACCESSWIRE / October 20, 2020 / KULR Technology Group, Inc. (OTCQB:KULR) (the "Company" or "KULR") announced today that KULR Technology Group CEO, Michael Mo, has been invited to present at Building the Electric Vehicle Future Webinar, presented by Maxim Group LLC and M-Vest, on Thursday October 22, 2020.
KULR will participate in a panel discussion led by Maxim Group LLC Senior Research Analyst Tate Sullivan, along with other important voices in the electric vehicle industry. Daily developments in the electric vehicle industry suggest many companies may benefit from long-term adoption. EV executives will discuss how their companies can benefit from long-term growth in this industry.
Join our interactive discussion and pose your own questions to KULR's CEO Michael Mo who is at the forefront of the EV industry!
To access the panel discussion, please RSVP
Webinar Details:
Panel Session Title: Building the Electric Vehicle Future
Date and Time: Thursday, October 22, 11:00 a.m. Eastern time (8:00 a.m. Pacific time)
About KULR Technology Group, Inc.
KULR Technology Group, Inc. (OTCQB: KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company's roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.kulrtechnology.com.
Safe Harbor Statement
This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed on May 14, 2020. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management's best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Auto Makers Grapple With Battery-Fire Risks in Electric Vehicles
Incidents involving electric vehicles made by GM, Ford and others highlight dangers of lithium batteries
WSJ Article from today: https://www.wsj.com/articles/auto-makers-grapple-with-battery-fire-risks-in-electric-vehicles-11603099800
I hear ya. If nothing else, doesn't hurt to keep track of Company developments over time. Good luck to you wherever the road takes you SF.
KULR site is live again without any issues.
Got it. Thanks SF.
KULR's site is down. Spoke to someone at the Company who said they're working on resolving the problem.
This is potentially very big. Airbus is no joke. Looking forward to seeing how this partnership unfolds.
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As moderator of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
KULR Technology Group Partners with Airbus to Provide Battery Safety Solutions
Partnership with leading global aerospace company underscores KULR’s commitment to battery safety worldwide
SAN DIEGO, Oct. 06, 2020 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KULR), (the “Company” or “KULR”) today announces it is partnering with Airbus Defense and Space to provide KULR’s passive propagation resistant (PPR) battery design solutions for ongoing research into lithium-ion battery testing and safety for flight applications. The electrical engineers at Airbus (OTC: EADSY) (Euronext: AIR) do research and develop safe battery solutions for defense, space, helicopter, and aircraft applications.
KULR’s PPR design combines HYDRA Thermal Runaway Shield (TRS), LYRA internal short circuit, and NASA’s Fractional Thermal Runaway Calorimeter cell analysis technologies to provide an integrated total solution for battery testing and safety. HYDRA TRS is a sleeve-like shield that surrounds and separates individual cells in multi-cell packs and contains carbon fiber core and liquid coolant. The unique combination and configuration of the shield passively draws intense heat of cell failures away from nearby cells while dousing the failed area in a cooling and fire-prevention liquid.
Though weight and volume of thermal management solutions are the most critical constraints in flight applications, KULR’ carbon fiber architecture offers superior mass and weight advantages.
“We are excited to work with Airbus to refine and enhance its battery safety research, an agreement that further demonstrates our commitment to battery safety in consumer and commercial applications,” said Michael Mo, CEO of KULR. “We believe our TRS technology can provide a lightweight and effective solution to mitigate thermal runaway propagation risk for Airbus’ high-performance batteries.”
KULR’s HYDRA TRS is proven by various government testing authorities to stop or mitigate the impacts of dangerous lithium-ion battery failures known as thermal runaway propagation. Last year, Leidos (LDOS) and NASA used KULR’s HYDRA TRS technology to safely ship to and store batteries aboard the International Space Station. In addition, NASA’s Marshall Space Flight Center (MSFC) recently awarded KULR a dual-use technology development agreement to build 3D printed battery systems for manned and robotic space applications.
About KULR Technology Group, Inc.
KULR Technology Group, Inc. (OTCQB: KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company’s roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.kulrtechnology.com.
Safe Harbor Statement
This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed on May 14, 2020. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Source: https://finance.yahoo.com/news/kulr-technology-group-partners-airbus-123000561.html
KULR Technology Group Announces Order for Surface Pro Storage Solution Onboard the International Space Station
Strengthens KULR's Longstanding NASA Partnership As Company Also Advances Commercialization in Multiple Consumer Markets
SAN DIEGO, CA / ACCESSWIRE / October 1, 2020 / KULR Technology Group, Inc. (OTCQB:KULR)(the "Company" or "KULR") announces it will supply NASA with safe storage solutions for the Microsoft Surface Pro 5 hybrid notebook computers used aboard the International Space Station (ISS). KULR will include a version of its 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 while accommodating the restrictive dimensions of the Microsoft Surface Pro 5. The safe storage pouches will be used onboard the Orion spacecraft used to transport crews to and from the ISS and will be included in a future NASA launch.
Testing of the TRS solution within the fireproof bags demonstrated their ability to absorb enough thermal energy in the tightly packed ISS scenario to prevent thermal runaway in adjacent storage bags, thus meeting NASA's JSC 20793 Revision D safety standard created for crewed space missions. Tests performed with TRS showed a marked improvement in efficacy at preventing thermal runaway propagation relative to other tested solutions.
In a recent announcement for an initial order for battery storage capacity used for laptops onboard the ISS, Daniel Barineau, senior project manager of Leidos (LDOS), 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."
This new order is an extension of last year's partnership in which KULR's TRS technology was used to safely store laptops in space, and is a continuation of a decades-long testing and technology partnership between KULR and NASA. KULR has supplied thermal technology and battery safety solutions for ongoing NASA research, as well as multiple space missions such as the July 2020 launch of the Mars Rover.
"Space applications require some of the most demanding thermal management requirements. We're pleased to once again satisfy NASA's stringent safety standards," said Michael Mo, CEO of KULR. "Alongside what is another successful space application with our aerospace strategic partners, we've made great progress toward commercializing our suite of electronics and battery cooling technologies across multiple consumer-facing markets."
About KULR Technology Group, Inc.
KULR Technology Group, Inc. (OTCQB:KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company's roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.kulrtechnology.com.
Safe Harbor Statement
This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed on May 14, 2020. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management's best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
This EE Power article was released 2 days ago referring to KULR's recently announced partnership with NASA to build safe battery systems in space.
KULR Gets The Green Light To Build 3D Battery Systems for NASA Space Applications
New milestone. All-time high in daily trading volume intraday!
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As moderator of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Congrats 1ln.
:) Nice one.
Hehe. Regardless, do so! Life's truly short.
Wild volatile swings today. Still thinly traded with wide bid/ask spreads present at periods throughout the day so be cognizant of this. Need more news of greater significance and meaningful, stable revenue growth moving forward. Hopefully price will hold above $1 from here on out!
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As moderator of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Welcome to the board 1h t. Don't know how meaningful 8K @ $1.38 is but go KULR indeed!
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As moderator of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Hopefully so 1ln. Due diligence + investigate meaningfulness and content of news/earnings moving forward. Good luck to you.
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As moderator of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
No prob SF. Wider price swings. Extremely difficult, if not impossible to predict short-term fluctuations/direction. Hard enough to predict longer-term. Good luck to you.
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As moderator of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Volume has declined considerably since running up to $1.30 levels, so it makes sense that bid/ask spreads can be wide at times. One must be cognizant of such risks with low volume stocks. Earlier this morning someone exited several thousand shares+ into sparse bid levels sending the price to $1.05.
The VWAP in the last 2 weeks of trade is $1.18/$1.19 level, so buying at $1.15 relative to low volume and recent price history isn't so unusual.
SF, last price is at $1.20 (reminder :))
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As moderator of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Hehe. Will do SF.
Yes and I do believe this tech has potential to displace lithium-ion systems in the energy storage space as the economics improve over time. However, today lithium is the dominant solution.
Here's a good article on flow battery technology with additional links to other pertinent articles:
https://www.powermag.com/flow-batteries-energy-storage-option-for-a-variety-of-uses/
My opinion is the following. Don't think anyone would pay $15 right now, which would value KULR at roughly $1.2 billion. Need to prove out (commercialization) their technologies first and in a bigger way. No need to wait 10 years either. I was thinking they could hit their stride (high demand, growth phase) within a couple of years, if not next year.
Personally, I think the best opportunities for KULR lies in the energy storage (utility and residential level) and 5G infrastructure spaces. These markets have triple digit growth forecasts through 2025 and I believe KULR's TRS and FTI technologies are a perfect fit for energy storage and 5G, respectively. I also believe there's a lower barrier to entry in these markets relative to the EV space. Note also that KULR recently announced closing a deal with Volta who is in the energy storage space. See the Company's June 2020 presentation for general information about these target markets and why KULR's products are a great fit. Also note that in addition to the E-mobility market, the CEO alludes to the importance of the energy storage and 5G in KULR's future during the shareholder call and past press releases.
Additionally, it's important to note the Company seems to have focused on larger scale government related contracts as well as the transportation (shipping and logistics) industries. With James Harden and Bob Richard recently joining the team (2nd pillar of three pillar strategy talked about in the latest press release) I imagine they will achieve reasonable growth in space, defense, and/or shipping/transportation logistics industries over the next two years.
Have a good weekend SF.
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As moderator of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Understood. I believe KULR to still be in the early stages of the growth trajectory curve. If a take-out offer was made by a competing thermal management company or end product manufacturer, like an EV company as you have alluded to, it would have to make sense to KULR based on perceived risks and growth potential. KULR is still laying the groundwork.
Yes, fire containment/preventative measures are used when transporting lithium batteries.
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As moderator of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Don't know SF. My guess is that a buyout at this stage in the game is premature. In my opinion, entertaining a potential acquisition makes sense further downstream when the Company's business and growth trajectory has reached a more mature state. This would give KULR more bargaining power.
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As moderator of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Safe and happy Labor Day weekend guys.
Good stuff. Thanks SF.
I posted a link to the Battery Fires site in the past, but will post again for your consumption. This site tracks news on battery fire incidents.
It's interesting the FAA reports a battery fire incident on airplanes/at airports once every 8 days.
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As moderator of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Thanks for the post CC.
The revenue increase is quarter on quarter (Q2 2020 vs Q2 2019). Still a lot of work left for the Company to justify valuation, which is based on perceived growth potential. Would be nice to see some significant customer acquisitions before years end.
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As moderator of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Will do SF. I will post the following disclaimer at the bottom of each post I make.
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As moderator of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
The following is my opinion.
The the last four trading days (excluding today, as market hasn't closed yet) has produced a closing price equal to or higher than the previous days close and the closing price has been higher than the volume weighted average price for each day. Therefore, I'm speculating that due to the inability of the market makers to induce much selling (profit from) at or below the $1 level, they've taken a breather on shorting too aggressively at those price levels. However, now that the stock has popped back up with a high of $1.24, I wouldn't be surprised if they return to their tactics of shorting and covering at lower prices. The price at which they short depends on the order flow they see coming in and risk/reward. Be wary of false ask size and bid size orders, with trade volume exceeding the size of the order. This could be a sign that the market makers are shorting (ask) and covering short positions (bid). Additionally, there's bound to be some selling pressure contributed by short-term minded shareholders or "weaker hands" who are exiting at these price levels.
Hehe. Nope. Doesn't work that way.
Don't know what to say other than KULR is not a typical OTC company. You've been on this board since the early days and I've been upfront and honest with my comments. I've known the CEO of KULR for over 30 years (since university at UCSB) and I assure you the Company cares about its shareholders.
KULR Technology Group to Participate in United Nations Working Group on Lithium Battery Classification
Company to apply its experience and expertise on UN Working Group’s new lithium battery classification system
SAN DIEGO, Aug. 31, 2020 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KULR) (the “Company” or “KULR”) today announces that it will participate in meetings of 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 effectively regulated based on their inherent hazards. The event will take place in Brussels, Belgium, and virtually online on August 31- September 2, 2020.
Regulatory agencies and international organizations are increasingly concerned with the prevention of battery fires in transport, such as those that have sporadically occurred aboard aircrafts and trucks. The UN Working Group is considering regulations and a new classification system of lithium batteries based on risk factors such as chemistry, form factor, quantities of flame, heat and gas released, and whether they propagate when a cell is intentionally forced into thermal runaway.
A new classification system would require lithium battery manufacturers to test batteries to assess and better understand the risk they pose in transport. The objective is to incentivize battery manufacturers to understand the risks posed and to design safer batteries.
Of particular interest to regulatory bodies are KULR’s passive propagation resistant (PPR) design and proprietary internal short circuit (ISC) battery safety testing technology. As a provider of space-proven expertise in the design, manufacturing, testing and development of innovative risk mitigation solutions to enhance lithium battery safety, KULR strongly supports regulatory initiatives that promote the development of safer lithium batteries.
“KULR agrees with regulators and industry experts that sound battery design, testing and packaging play a critical role in reducing the likelihood of cells and batteries experiencing thermal events. These factors are also crucial in reducing the hazards when a cell or battery experiences a thermal event,” said Michael Mo, CEO of KULR. “Reducing the probability and limiting the effects of mass thermal runaway propagation is an absolute must. KULR is strategically suited to support the UN Working Group’s initiatives and is eager to provide solutions to meet current and future regulatory requirements. We look forward to participating in this incredible meeting to pursue next-level safety standards for today’s battery technology.”
About KULR Technology Group, Inc.
KULR Technology Group, Inc. (OTCQB: KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company’s roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.kulrtechnology.com.
Safe Harbor Statement
This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed on May 14, 2020. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Source: https://www.globenewswire.com/news-release/2020/08/31/2086223/0/en/KULR-Technology-Group-to-Participate-in-United-Nations-Working-Group-on-Lithium-Battery-Classification.html
Read disclosure statement at the bottom of the intro section. It's been there since the beginning.
KT High Tech is the entity that KULR Technology was acquired by via reverse merger so that KULR Technology could become a publicly traded entity.
Unfortunately I can't discuss details, but I can refer you to http://getfilings.com/sec-filings/160628/KT-High-Tech-Marketing-Inc_S-1/, which is publicly available information about a stock offering made by KT High Tech, the name of the entity that merged with KULR Technology prior to becoming a public company.
This information is not an endorsement for investing in KULR at these price levels and there is obviously a risk of loss at any price level. Outside of investments in KULR by my family and friends, I've also been compensated in shares for consulting work.
In my humble (and obviously biased) opinion the stock is undervalued at these levels. This opinion is based on the growth potential of the Company. KULR is sitting on great technologies with tangible potential to capture market share in electronics and battery markets that progressively require more advanced thermal management material solutions (https://www.idtechex.com/en/research-report/thermal-interface-materials-2020-2030-forecasts-technologies-opportunities/705).
That said, do not invest more than you can afford to lose. Take the ride comfortably and good luck!
Happy for you SF!