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A Rocket Science Solution To Lithium Ion Battery Fires (Forbes)
https://www.forbes.com/sites/rrapier/2019/03/01/a-rocket-science-solution-to-lithium-battery-fires/#b81b3b623d23
KULR Technology Reports Second Quarter 2019 Financial Results
CAMPBELL, Calif., Aug. 14, 2019 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB:KULR) (the "Company" or "KULR"), a leading developer of next-generation thermal management technologies, today reported its financial results for the second quarter ended June 30, 2019.
Second Quarter 2019 and Subsequent Highlights:
*Announced agreement with Lockheed Martin, a leading aerospace and defense company, to provide its purpose-built phase change (PCM) heat sink for a confidential aerospace application.
*Partnered with Centre De Technologies Avancées, an industry leading vehicle research organization, to implement KULR's advanced LYRA ISC battery testing device to improve electric vehicle battery safety.
*Presented several of the Company's breakthrough battery safety and testing products at the Advanced Automotive Battery Conference in San Diego, California on June 24-27, 2019
*Conducted due diligence on the previously announced Securities Purchase Agreement of TECHTOM Co., Ltd., a Japanese limited liability company. After thorough review, the Company has decided against the acquisition.
*Announced ticker symbol change from "KUTG" to "KULR" on the OTCQB exchange operated by OTC Markets Group.
*Engaged MZ Group to lead a comprehensive strategic investor relations and shareholder communications program across all key markets.
Second Quarter 2019 Financial Summary
*Total revenue for the three months ended June 30, 2019 was $56,310, compared to revenue of $171,091 in the same year-ago quarter. The revenue decrease was primarily due to a decrease in the volume of product sales, as well as the decrease in service contract completions during the second quarter of 2019.
*Gross profit for the three months ended June 30, 2019, was $27,760, or 49.3% of revenues, compared to gross profit of $137,621, or 80.4% of revenues, for the same year-ago quarter. This decrease was primarily due to a reduction in sales of higher margin products as compared to the 2018 period.
*Total operating expenses, consisting of research and development, sales and marketing, and general and administrative expenses, were $0.6 million in the second quarter of 2019, compared to $0.8 million in the same year-ago quarter. The decrease is primarily due to decreased professional fees of approximately $41,000 resulting from the termination of multiple consulting agreements and non-cash stock-based compensation expense, partially offset by increased travel expenses.
*Net loss in the second quarter of 2019 totaled $0.6 million, or $(0.01) per share, compared to a net loss of $0.6 million, or $(0.01) per share, in the same year-ago quarter.
*Cash and cash equivalents and short-term deposits were $0.1 million as of June 30, 2019, compared with $0.1 million as of March 31, 2019.
Management Commentary
"In the second quarter of 2018, we made several meaningful strides towards leveraging our proven technology into several multi-billion-dollar commercial markets," said Michael Mo, Chief Executive Officer of KULR Technology Group. "Today, I am pleased to report that we are currently engaged with more than 25 world-class companies across our target sectors, all of which are at various stages of testing and development."
"Our core technology, proven out and vetted through partnerships with NASA and various tier-1 aerospace operators, addresses vast unmet market opportunities in the electric mobility, battery safety and testing, consumer products and aerospace industries. KULR's technical successes are complemented by our capital-light model and disciplined approach to capital allocation, enabling us to grow revenues while realizing tremendous economies of scale. We strongly believe that we are positioned for a breakout year as we look to transition select developmental partnerships into volume production customers and look forward to long-term shareholder value creation as we continue to execute upon our goals," concluded Mo.
About KULR Technology Group, Inc.
KULR Technology Group, Inc. (OTCQB:KULR), through its wholly-owned subsidiary KULR Technology Corporation ("KULR"), develops and commercializes high-performance space-used thermal management technologies for electronics, batteries, and other components across an array of applications such as electric vehicles and autonomous driving (collectively as E-Mobility), AI/Cloud computing, energy storage, and 5G communication technologies. KULR's proprietary, core technology is a carbon fiber material with roots in aerospace and defense that provides superior thermal conductivity and heat dissipation in an ultra-lightweight and pliable material. By leveraging this break-through cooling solution and its longstanding development partnerships with NASA, the Jet Propulsion Lab and others, KULR makes E-Mobility and other products safer and cooler. https://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 parent entity's Form 10-K filed on April 17, 2018. 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. 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.nasdaq.com/press-release/kulr-technology-reports-second-quarter-2019-financial-results-20190814-00850
Incomplete List of Articles Related to Battery Overheating and Fires in 2019
Do you recall the infamous Samsung Galaxy Note 7 recall in 2016 as a result of a rash of battery fires? Lithium-ion battery overheating and resulting fires continues to be an issue in 2019:
Lyft halts San Francisco e-bike program after bicycles catch fire
The Guardian, July 31, 2019
Hyundai Kona EV exploded in a garage, blowing the door off
Electrek, July 27, 2019
Dockless Lime bike catches fire, injuring cyclist
Curbed, July 25, 2019
Tesla Model S Shanghai Fire, Range, and Charge Issues Seem Connected
Inside EVs, July 20, 2019
Man said vape pen exploded ‘like a rocket’, left him with severe leg burns
Fox News, July 19, 2019
Burning battery pack forces emergency landing of Virgin flight
The Verge, July 5, 2019
Tesla vehicle fire in Shanghai caused by single battery module
TechCrunch, June 28, 2019
Vape pen explosion, shattering teen’s jaw amid rising concerns over batteries
NBC News, June 22, 2019
Apple recalls older 15-inch MacBook Pros because the batteries could catch fire
The Verge, June 20, 2019
China’s ordering safety checks after a series of electric car fires
Quartz, June 18, 2019
This New York-listed Chinese electric carmaker’s flagship vehicle keeps catching fire
Quartz, June 17, 2019
Tesla vehicle caught on fire while plugged in at Supercharger station
Electrek, June 1, 2019
Electric scooter battery explodes while charging in a Shanghai apartment
MSN, May 28, 2019
Auto analysts worry Tesla fires could dampen electric car sales as industry ramps up EV production
CNBC, May 19, 2019
Another parked Tesla Model S burst into flames
Quartz, May 13, 2019
A Tesla Model S caught fire in a garage in San Francisco
Business Insider, May 3, 2019
Life, death, and spontaneous combustion – here’s why the debate about Tesla fires just got more fierce
Business Insider, April 26, 2019
Tesla investigates viral video of Model S exploding in parking lot
NBC News, April 22, 2019
Exploding vape pen kills a Texas man
CNN, February 5, 2019
KULR Technology Announces Launch of Safety-Driven Lithium-Ion Battery Design Solution Package
Company to Apply Battery Safety Technologies to Lithium-Ion Battery Design
CAMPBELL, Calif., Aug. 05, 2019 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB:KULR) (the "Company" or "KULR"), a leading developer of next-generation thermal management technologies for electronics and batteries, today announced the launch of its Safety-Driven Lithium-Ion Battery Design Solution Package.
KULR's new Battery Design Solution Package incorporates its HYDRA TRS and LYRA ISC Trigger Cell technologies into a design and testing methodology on which KULR has been working with NASA Johnson Space Center. It is focused on improving battery safety—from electric vehicles to consumer products to transportation logistics — by managing thermal runaway of lithium-ion batteries during application, storage and shipping. The Company has refined its design solution and services expertise through its extensive work with industry leading customers in the automotive, medical equipment and aerospace industries.
Key Features and Advantages of KULR-Designed Lithium-Ion Batteries:
*Statistical analysis of cell-level fractional thermal runaway calorimetry (FTRC) results
*Baseline battery testing utilizing an internal short circuit (ISC) cell
*General testing procedure for new battery pack designs
*Recommendations regarding cell venting and flame arrestors
*Recommendations regarding thermal propagation
*Mitigating the potential of thermal runaway from propagating from module to module
*Safer shipment of cells, battery packs and modules
The Company's proprietary carbon fiber thermal management technologies that make electronics and battery systems cooler, lighter and safer can be seen in numerous aerospace projects, including the International Space Station, the Mars Rover and several other classified technologies.
"Our broad spectrum of industry experience will give our customers the most comprehensive lithium-ion safety and thermal management design solutions available today," said Michael Mo, Chief Executive Officer of KULR Technology Group. "This total solutions package provides another path to transition our proprietary technologies into mass market commercialization across a diverse array of markets including electric vehicles, consumer electronics, and transportation logistics. We look forward to continued execution in bringing our technologies to market and creating long-term value for our shareholders."
To see how KULR can help your firm design and test a battery for your application, contact sales@kulrtechnology.com for a consultation and a copy of the Company's technical white paper.
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 deep space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics 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 parent entity's Form 10-K filed on March 29, 2019. 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. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Media Contact:
Derek Newton
Head, Media Relations
(786) 499-8998
derek.newton@kulrtechnology.com
Investor Relations:
Greg Falesnik
Managing Director
MZ Group - MZ North America
(949) 385-6449
greg.falesnik@mzgroup.us
www.mzgroup.us
Source: https://www.nasdaq.com/press-release/kulr-technology-announces-launch-of-safetydriven-lithiumion-battery-design-solution-package-20190805-00476
Why the Future of Cars is Electric
It's difficult to draw accurate conclusions about timing of new revenue streams. What we do know is that KULR's business has come primarily from aerospace and defense work. If KULR is able to secure one or more of the aforementioned (previous post) tier 1 partnerships (consumer facing) and are able to speak to timing, size, and scope, it will provide us with a clearer picture as to the Company's growth potential and corresponding valuation.
KULR Investor Presentation (July 2019)
KULR July 2019 Investor Presentation
KULR Technology Group To Attend Canaccord Genuity Investor Conferences In August 2019
CAMPBELL, Calif., July 23, 2019 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KULR) (the “Company” or “KULR”), a leading developer of next-generation thermal management technologies, will attend the Canaccord Genuity “Future of Transport” Conference, as well as the 39th Annual Canaccord Genuity Growth Conference on August 6-7, 2019 in Boston, Massachusetts.
KULR Technology Group management is scheduled to participate in a panel presentation at the Canaccord Genuity “Future of Transport” Conference and will host one-on-one meetings throughout the day at the Canaccord Genuity Growth Conference as follows:
Canaccord Genuity Future of Transport Conference
Date: Tuesday, August 6, 2019
Panel Time: 5:00 p.m. Eastern time
Panel Title: Electrons to Hydrogen - Our New Sources and Storage of Energy
Location: InterContinental Hotel – Track 1 (510 Atlantic Ave, Boston, MA 02210)
Webcast: http://www.wsw.com/webcast/canaccord36
39th Annual Canaccord Genuity Growth Conference
Date: Wednesday, August 7, 2019
Location: InterContinental Hotel (510 Atlantic Ave, Boston, MA 02210)
Conference participation is by invitation only and registration is mandatory. For more information, or to schedule a one-on-one meeting, please contact your Canaccord Genuity representative.
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 deep space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.kulrtechnology.com.
Media Contact:
Derek Newton
Head, Media Relations
(786) 499-8998
derek.newton@kulrtechnology.com
Investor Relations:
Greg Falesnik
Managing Director
MZ Group - MZ North America
(949) 385-6449
greg.falesnik@mzgroup.us
www.mzgroup.us
Source: http://www.globenewswire.com/news-release/2019/07/23/1886430/0/en/KULR-Technology-Group-To-Attend-Canaccord-Genuity-Investor-Conferences-In-August-2019.html
I agree with many of your points. I think the biggest issues are a lack of investor awareness and agree that current valuation isn't supported by revenue. Also, if the stock market is a "voting machine", current valuation is based on relatively low vote count.
Like you said, it will take significant revenue growth and/or big news (customer acquisition) to attract investors.
The Company looks to gain business from next-gen consumer facing applications such as electric vehicles and consumer electronics (i.e. power tools) as indicated in their June 2019 investor deck. I imagine it takes considerable time to earn such a contract. Lets see if KULR can deliver by giving us tangibly meaningful news and revenue growth moving forward.
Hi SF. The real issue so far is a lack of volume. In my humble opinion Company fundamentals matter most.
The Company's June 2019 Presentation shows they've been making progress outside of their normal aerospace engagements in the electric vehicle and consumer electronics spaces. We'll see if KULR is able to secure contracts with any of these major manufacturers and if so with whom (size and scope of partnership). If they do secure a big partnership, I suspect interest/awareness/volume in KULR will pick up.
KULR Technology Announces Ticker Symbol Change to "KULR" on OTCQB Exchange
CAMPBELL, CA / ACCESSWIRE / July 10, 2019 / KULR Technology Group, Inc. (OTCQB: KULR) (the “Company” or “KULR”), a leading developer of next-generation thermal management technologies, today announced a change in the Company's stock ticker symbol from "KUTG" to "KULR" on the OTCQB exchange operated by OTC Markets Group, reflecting a planned change to match the Company’s name.
Trading under the new symbol will commence at market open tomorrow, July 11, 2019. No action is required by current shareholders relative to the ticker symbol change. Upon the ticker symbol change, the “KUTG” trading symbol will no longer be active.
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 deep space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics 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 parent entity’s Form 10-K filed on March 29, 2019. 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. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Media Contact:
Derek Newton
Head, Media Relations
(786) 499-8998
derek.newton@kulrtechnology.com
Investor Relations:
Greg Falesnik
Managing Director
MZ Group - MZ North America
(949) 385-6449
greg.falesnik@mzgroup.us
www.mzgroup.us
SOURCE: KULR Technology Group, Inc.
View source version on accesswire.com:
https://www.accesswire.com/551491/KULR-Technology-Announces-Ticker-Symbol-Change-to-KULR-on-OTCQB-Exchange
KULR Technology Partners with Vehicle Research Organization Centre De Technologies Avancées BRP-UdeS to Improve Electric Vehicle Battery Safety
Industry Leading Vehicle Research Organization to Implement KULR’s Advanced Battery Testing Device to Improve the Safety of Electric Vehicles
CAMPBELL, CA / ACCESSWIRE / July 8, 2019 / KULR Technology Group, Inc. (OTCQB: KUTG) (the “Company” or “KULR”), a leading developer of next-generation thermal management technologies, has partnered with Centre de Technologies Avancées BRP-UdeS (CTA), a leading Quebec-based vehicle research organization, to provide its LYRA internal short circuit (ISC) battery testing device. The CTA plans to leverage KULR’s technology to enhance its ongoing research into the safety of electric vehicle battery systems for its tier-1 OEM clients. Due to the confidential nature of this contract, exact terms were not disclosed.
The LYRA ISC testing device, utilizing proprietary technology exclusively licensed to KULR by the National Renewable Energy Laboratory (NREL) and NASA, creates failures in lithium-ion battery cells in controlled laboratory conditions, uniquely enabling designers and researchers to study methods to reduce failures and design systems to mitigate their consequences.
The failures triggered by the LYRA ISC replicate cell failure defects in batteries, which can be some of the most common, serious, and difficult cell failures to detect using traditional battery testing methods, presenting risks to a wide variety of commercial and consumer battery applications. The LYRA ISC received the prestigious R&D100 Award in 2016 and was the runner-up NASA Invention of the Year in 2017.
“We are truly excited to collaborate with the CTA team to advance their electric vehicle research and engineering efforts. We expect our collaboration will provide the CTA with the necessary tools to further designs for their tier-1 partners, while steering them towards better, safer thermal management solutions,” said Michael Mo, Chief Executive Officer of KULR Technology Group. “We’ve made a concerted effort towards making our LYRA ISC devices more widely available, allowing OEMs to better understand the risks associated with their current battery safety systems. As a next step, we are also working towards establishing a comprehensive battery design and testing methodology, which will be based on our robust portfolio of battery safety technologies.”
“As an established leader in next-generation vehicle research efforts, CTA is pleased to work with the incredible team at KULR to characterize and test our energy storage designs in ways not previously possible,” said Éric Ménard, Electric Programme Manager at CTA. “We look forward to leveraging the LYRA ISC technology to better understand and improve the behaviors of our electric vehicle innovations.”
About Centre de Technologies Avancées BRP-UdeS
The Centre de technologies avancées BRP - Université de Sherbrooke (CTA) is a non-profit organization combining university-based applied research with experienced industry professionals to develop vehicles and their components in the following 5 fields: Electrification, Lightweighting, Mechatronics. Noise and Vibration Harshness (NVH) and Connectivity. It uses a methodology that aims at reducing development time, resources and cost for its clients, in order to accelerate their time-to-market. Services range from engineering design to simulation, prototyping, cycling tests & characterization as well as data acquisition services. It is a unique environment, especially attractive for PhD and MSc candidates. https://cta-brp-udes.com
About KULR Technology Group, Inc.
KULR Technology Group, Inc. (KUTG) 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 deep space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics 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 parent entity’s Form 10-K filed on March 29, 2019. 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. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Media Contact:
Derek Newton
Head, Media Relations
(786) 499-8998
derek.newton@kulrtechnology.com
Investor Relations:
Greg Falesnik
Managing Director
MZ Group - MZ North America
(949) 385-6449
greg.falesnik@mzgroup.us
www.mzgroup.us
SOURCE: KULR Technology Group, Inc.
View source version on accesswire.com:
https://www.accesswire.com/551002/KULR-Technology-Partners-with-Vehicle-Research-Organization-Centre-De-Technologies-Avances-BRP-UdeS-to-Improve-Electric-Vehicle-Battery-Safety
KULR Technology to Exhibit at Advanced Automotive Battery Conference in San Diego on June 24-27, 2019
Presenting Breakthrough Battery Safety Technology to Industry Leaders Throughout the Electric Vehicle Supply Chain
CAMPBELL, Calif., June 20, 2019 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KUTG) (the “Company” or “KULR”), a leading developer of next-generation thermal management technologies, will present several of its breakthrough battery safety and testing products at the Advanced Automotive Battery Conference in San Diego, California on June 24-27, 2019.
The Advanced Automotive Battery Conference (AABC) will feature battery cell manufacturers, pack integrators and materials providers, as well as leading electric vehicle makers including LG Chem, Panasonic, A123 Systems, Airbus, Daimler, Fiat Chrysler, Ford, General Motors, Honda, Toyota, Volkswagen, and more.
Advanced Automotive Battery Conference
Date: June 24-27, 2019
Location: Booth 12 - Hotel Del Coronado (1500 Orange Ave - Coronado, CA 92118)
Activity: KULR Battery Safety and Testing Demonstration
As a leading developer of next-generation battery and automotive power safety technologies, KULR will feature several products, including:
Internal Short Circuit (ISC) Test Cells and Products: Developed by NASA and the National Renewable Energy Laboratory, the exclusive, customizable ISC can replicate internal short-circuit failures in lithium-ion cells and packs.
Thermal Runaway Shield (TRS): Using propriety carbon fiber technologies leveraged by NASA in deep space missions, the TRS has been shown to limit the likelihood of thermal runaway in battery packs.
Phase Change Material (PCM): The PCM deploys space-proven technology for fast charging and discharging applications across multiple platforms.
Thermal Interface Materials: KULR customizes applications designed to reduce or redirect heat from energy sources or other critical components.
“Our attendance at AABC in San Diego provides an opportunity for us to share our proprietary, proven technologies with industry leaders throughout the EV supply chain,” said Michael Mo, Chief Executive Officer of KULR Technology Group. “Improving EV and E-Mobility platforms to improve safety for consumers presents serious technological challenges to OEMs. Our products not only address many of those challenges, but help original manufacturers and designers anticipate and solve them early in the product development process, which is positive for both the industry and the safety of the end-consumer.”
About KULR Technology Group, Inc.
KULR Technology Group, Inc. (OTCQB: KUTG) 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 deep space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit https://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 parent entity’s Form 10-K filed on March 29, 2019. 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. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Media Contact:
Derek Newton
Head, Media Relations
(786) 499-8998
derek.newton@kulrtechnology.com
Investor Relations:
Greg Falesnik
Managing Director
MZ Group - MZ North America
(949) 385-6449
greg.falesnik@mzgroup.us
www.mzgroup.us
Source: https://www.globenewswire.com/news-release/2019/06/20/1871912/0/en/KULR-Technology-to-Exhibit-at-Advanced-Automotive-Battery-Conference-in-San-Diego-on-June-24-27-2019.html
The previous post is from a recent Bloomberg article from June 17, 2019, which again can be found here: https://www.bloomberg.com/news/articles/2019-06-17/spate-of-electric-car-fires-spur-china-to-order-safety-checks
A growing electric car industry:
*According to the IEA, the global electric car fleet exceeded 5.1 million units in 2018, up 2 million units from 2017 (Source: https://www.iea.org/publications/reports/globalevoutlook2019/).
*Major "traditional" auto manufacturers like Volkswagen, Nissan, Mercedes-Benz, and GM are making significant investments in producing next-gen electric vehicles (Source: https://www.businessinsider.com/electric-cars-that-will-be-available-by-2025-2018-1).
Growing public safety concerns have prompted automakers to address electric car battery safety issues and although it's still early stage, it appears that KULR Technology Group (OTCQB: KUTG) has made some strides working with global auto maker(s) to introduce KUTG's space-qualified "cooler, lighter, safer" battery pack (HYDRA TRS) for next-gen electric cars. See Company's June 2019 presentation for information about this.
Sources and information about KUTG's business:
HYDRA TRS: https://kulrtechnology.com/hydra-thermal-runaway-shield/
Wall Street Journal article, "NASA's Work to Head Off Battery Blazes in Space Finds Uses on Earth": https://www.wsj.com/articles/nasas-work-to-head-off-battery-blazes-in-space-finds-uses-on-earth-1500638400
KULR Technology Group June 2019 Company Presentation: https://kulrtechnology.com/category/presentations/
**About KULR Technology Group, Inc. (OTCQB: KUTG)**KULR Technology Group, Inc., through its wholly-owned subsidiary KULR Technology Corporation ("KTC"), develops and commercializes high-performance space-used thermal management technologies for electronics, batteries, and other components across an array of applications such as electric vehicles and autonomous driving (collectively as E-Mobility), AI/Cloud computing, energy storage, and 5G communication technologies. KULR's proprietary, core technology is a carbon fiber material with roots in aerospace and defense that provides superior thermal conductivity and heat dissipation in an ultra-lightweight and pliable material. By leveraging this break-through cooling solution and its longstanding development partnerships with NASA, the Jet Propulsion Lab and others, KULR makes E-Mobility and other products cooler, lighter, and safer. https://www.kulrtechnology.com
**Disclosure:**This information does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. My family has invested in KUTG and I am personally acting as a consultant for KUTG and have been compensated in shares for that role. I have done extensive research on the Company and personally believe it has exceptional thermal management technology, management team, and real potential to displace conventional thermal management solutions in the marketplace. That said, I am not a licensed financial professional and do not recommend you buy or sell KUTG. 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.
Tesla and NIO Fires in China Spur Electric-Car Safety Checkups:
https://www.bloomberg.com/news/articles/2019-06-17/spate-of-electric-car-fires-spur-china-to-order-safety-checks
KULR Technology Group, Inc. Engages MZ Group to Lead Strategic Investor Relations and Shareholder Communication Program
CAMPBELL, Calif., June 18, 2019 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KUTG) (the “Company” or “KULR”), a leading developer of next-generation thermal management technologies, has engaged investor relations specialists MZ Group (MZ) to lead a comprehensive strategic investor relations and financial communications program across all key markets.
MZ Group will work closely with KULR Technology Group’s management to develop and execute a complete capital markets strategy designed to increase the Company’s visibility throughout the investment community. Throughout the comprehensive investor relations campaign, MZ will highlight the company’s recent commercialization of KULR’s best-in-class battery and electronics cooling solutions for the e-mobility, aerospace and electronics industries.
MZ has developed a distinguished reputation as a premier resource for institutional investors, brokers, analysts and private investors. The firm maintains offices worldwide, including New York, Chicago, Minneapolis, San Diego, Newport Beach, Austin, Taipei, and São Paulo. Additionally, MZ Group was recently ranked the No. 1 consultancy in Latin America and No. 7 in the world in business communication.
Managing Director and Head of MZ North America’s Minneapolis Office, Greg Falesnik, will be advising KULR Technology in all facets of corporate and financial communications, including the coordination of roadshows and investment conferences across key cities and building brand awareness with all financial and social media outlets.
“KULR’s longstanding experience in the aerospace industry, particularly its experience in creating thermal management systems for critical technologies for NASA’s deep space missions, translates well into other high-growth industries, such as mobility and electronics,” said Ted Haberfield, President of MZ North America. “Their patent-protected, high-margin and revolutionary thermal management products have countless commercial applications and provide near-term monitization opportunities. We look forward to sharing the company’s story and progress with the investor community.”
Michael Mo, CEO of KULR Technology Group, stated: “This is an exciting time for KULR Technology as we continue to execute upon our key growth initiatives, which include further expanding the adoption of our proprietary technologies into the mobility and electronics verticals. We look forward to working with the entire team at MZ Group. Together, we will elevate our investor communications and awareness, while driving growth and building long-term shareholder value.”
About MZ Group MZ North America is the U.S. division of MZ Group, a multinational company and the world’s largest independent investor relations and corporate communications firm. MZ, founded in 1999, combines capital markets intelligence, global investor targeting, IR technology, corporate governance, media and corporate communication and IR consulting, providing comprehensive programs that successfully build and manage shareholder value. With a team of highly experienced senior professionals and an integrated service portfolio, MZ ensures that companies are provided with the right tools and strategies to interact effectively with the investment community and the media, successfully conveying the investment message. MZ's market intelligence, advisory and tactical support activities for investor relations and corporate communications programs are underpinned by a comprehensive IT infrastructure, allowing companies to rapidly achieve global standards of best practices. For more information, please visit www.mzgroup.us.
About KULR Technology Group, Inc. KULR Technology Group, Inc., through its wholly-owned subsidiary KULR Technology Corporation (“KTC”), develops and commercializes high-performance space-used thermal management technologies for electronics, batteries, and other components across an array of applications such as electric vehicles and autonomous driving (collectively as E-Mobility), AI/Cloud computing, energy storage, and 5G communication technologies. KULR’s proprietary, core technology is a carbon fiber material with roots in aerospace and defense that provides superior thermal conductivity and heat dissipation in an ultra-lightweight and pliable material. By leveraging this break-through cooling solution and its longstanding development partnerships with NASA, the Jet Propulsion Lab and others, KULR makes E-Mobility and other products cooler, lighter, and safer. https://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 parent entity’s Form 10-K filed on March 29, 2019. 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. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Investor Relations:
Greg Falesnik
Managing Director
MZ Group – MZ North America
Main: 949-385-6449
KULR@mzgroup.us
KUTG seems to be making progress having achieved a design win with a global auto maker (name undisclosed) as noted in Company's presentation released today. They are also currently working on developing a thermal solution for a global tool manufacturer.
Source: KULR Technology Group Company Presentation June 2019 (slides 13 thru 16)
https://kulrtechnology.com/2019/06/07/kulr-technology-group-company-presentation-june-2019/
KUTG Company Presentation (June 2019) out today and can be found here:
https://kulrtechnology.com/2019/06/07/kulr-technology-group-company-presentation-june-2019/
KUTG 10-Q (Q1 2019) is out:
https://www.sec.gov/Archives/edgar/data/1662684/000114420419026023/tv520650_10q.htm
For 3 months ended March 31, 2019 KUTG generated $194,952 in revenue for a gross profit of $133,435 (Gross margin: 68%). Total Operating Expenses of $698,683 or loss from operations of $565,248.
Some Key Takeaways from 10-Q:
1) By leveraging our proprietary cooling solutions and that have been developed through longstanding partnerships with NASA, the Jet Propulsion Lab and others, our products and services make E-Mobility products and other products safer and more stable. Our management believes that the E-Mobility industry has created and will create significant new opportunities for the application of our technology and know-how.
2) After strenuous testing, we believe we have developed heat management solutions that significantly improve upon traditional heat storage and dissipation solutions and that improve upon their rigidity and durability. We also believe that the traditional solutions are not equipped to handle the evolving marketplace. However, through a combination of custom design services and provision of proprietary hardware solutions, our products reduce manufacturing complexity and provide a lighter weight solution than traditional thermal management materials and, we believe, can meet the heat management demands of components and batteries being designed into the newest mobile technologies and applications.
3) Our customers and prospective customers are large organizations with multiple levels of management, controls/procedures, and contract evaluation/authorization. Furthermore, our solutions are new and do not necessarily fit into pre-existing patterns of purchase commitment. Accordingly, the business activity cycle between expression of initial customer interest to shipping, acceptance and billing can be lengthy, unpredictable and lumpy, which can influence the timing, consistency and reporting of sales growth.
KULR Technology Partners With Lockheed Martin to Provide Thermal Management Solutions
CAMPBELL, Calif., May 14, 2019 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KUTG), (the “Company” or “KULR”), today announced it will provide its space-developed thermal technology for a purpose-built phase change (PCM) heat sink to leading aerospace and defense company Lockheed Martin (NYSE: LMT).
The PCM developed by KULR delivers concentrated heat capacity from phase change, utilizing the company’s proprietary carbon fiber core to provide tailored thermal conductivity and proven durability in a light-weight package. The PCM device may serve as a structural element in the system and either absorb or release heat according to the application. This fully passive device offers a cost-effective alternative to more complex cooling methodologies.
Details on how Lockheed Martin will use the customized PCM heat sinks was not disclosed, nor were specific terms of the agreement. Company leaders did highlight the importance of their partnership in developing and using the best thermal management technologies for crucial aerospace, defense and other systems.
“In nearly every advanced technology, heat is a killer. And the more advanced, the more precise something has to be, the more important it is to isolate and redirect heat away from the source – and that’s what we do,” said Michael Mo, CEO of KULR. “We are very proud to be working with Lockheed Martin to design and deliver thermal management solutions to their demanding specifications – solutions that allow Lockheed Martin to meet and exceed the needs of their customers,” he said.
KULR’s PCM solutions are expected to be delivered through 2019.
About KULR Technology Group, Inc.
KULR Technology Group, Inc., through its wholly-owned subsidiary KULR Technology Corporation ("KULR"), develops and commercializes high-performance space-used thermal management technologies for electronics, batteries, and other components across an array of applications such as electric vehicles and autonomous driving (collectively as E-Mobility), AI/Cloud computing, energy storage, and 5G communication technologies. KULR's proprietary, core technology is a carbon fiber material with roots in aerospace and defense that provides superior thermal conductivity and heat dissipation in an ultra-lightweight and pliable material. By leveraging this break-through cooling solution and its longstanding development partnerships with NASA, the Jet Propulsion Lab and others, KULR makes E-Mobility and other products safer and cooler. https://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 parent entity’s Form 10-K filed on April 17, 2018. 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. 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: http://www.globenewswire.com/news-release/2019/05/14/1823773/0/en/KULR-Technology-Partners-With-Lockheed-Martin-to-Provide-Thermal-Management-Solutions.html
Life, death, and spontaneous combustion — here's why the debate about Tesla fires just got more fierce
https://www.businessinsider.com/why-tesla-cars-catch-on-fire-2019-4
KULR Technology Group to Present at ThinkEquity Conference
CAMPBELL, Calif., April 18, 2019 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KUTG), (the “Company” or “KULR”), today announced it has been invited to present at the ThinkEquity Conference in New York City on May 2, 2019.
Michael Mo, CEO of KULR, will present for the company. “We are excited to meet with finance leaders and potential investors at the ThinkEquity conference. We will explain how KULR will play a major role in the massive E-Mobility marketplace, include our recent breakthroughs on energy storage and battery safety, and outline our history involving decades of work with NASA in space exploration,” Mo said.
The conference is affiliated with ThinkEquity, a boutique investment bank that has collectively financed over $50 billion of public and private capital raises, restructurings, and mergers and acquisitions.
KULR will present at ThinkEquity:
Thursday, May 2, 2019
The Mandarin Oriental Hotel
80 Columbus Circle (at 60th St)
New York, NY 10023
KULR recently made a series of public announcements including its planned acquisition of Japanese telematics company TECHTOM as well as the patent of its thermal runaway shield (TRS), which has been proven to reduce the risks of lithium-ion battery explosions due to thermal runaway. KULR also announced that it is the exclusive provider of the internal short circuit (ISC), which is key to studying and preventing battery failures and was developed by researchers at the National Renewable Energy Lab (NREL) and NASA, and that it had reached a partnership with French battery maker, Saft, to develop safer batteries.
About KULR Technology Group, Inc.
KULR Technology Group, Inc., through its wholly-owned subsidiary KULR Technology Corporation ("KTC"), develops and commercializes high-performance space-used thermal management technologies for electronics, batteries, and other components across an array of applications such as electric vehicles and autonomous driving (collectively as E-Mobility), AI/Cloud computing, energy storage, and 5G communication technologies. KULR's proprietary, core technology is a carbon fiber material with roots in aerospace and defense that provides superior thermal conductivity and heat dissipation in an ultra-lightweight and pliable material. By leveraging this break-through cooling solution and its longstanding development partnerships with NASA, the Jet Propulsion Lab and others, KULR makes E-Mobility and other products cooler, lighter, and safer. https://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 parent entity’s Form 10-K filed on March 29, 2019. 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. 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/2019/04/18/1806564/0/en/KULR-Technology-Group-to-Present-at-ThinkEquity-Conference.html
The World’s Biggest Electric Vehicle Company Looks Nothing Like Tesla
BYD, which built the battery in your ’90s cellphone, now produces more EVs than anyone—and it wants to sell them to you, soon.
https://www.bloomberg.com/news/features/2019-04-16/the-world-s-biggest-electric-vehicle-company-looks-nothing-like-tesla
Evolution of KULR Technology Group (Timeline)
1980 - Energy Science Laboratories Inc founded; Specializes in materials science R&D on behalf of mainly government agencies
1983 - Dr. Timothy Knowles joins ESLI team and will play a major role in developing key carbon fiber architecture and products for thermal management of electronic components
1990 - Carbon Fiber Innovation; first prototype of core carbon fiber thermal managment technology
Mid 1990's - Early 2000's - Advancements in R&D; advancements made to core tech and new product offerings developed. ESLI will go on to win over 500 contracts with government agencies including NASA, JPL, Raytheon, and Boeing
2004 - ESLI carbon fiber core PCM heat sink inside Mercury Messenger satellite
2013 - KULR Technology Corp founded and obtains exclusive worldwide license of ESLI technologies and retains team. CEO Michael Mo recognizes increasing trend for improved, cost-effective "cooling" tech in high performance electronics and battery industries
2017 - KULR PCM heat sink inside International Space Station NICER telesocpe
2017/2018 - NASA testing of KULR TRS battery heat sink is best-in-class. KULR awarded contract in upcoming Lunar Flashlight and 2020 Mars Rover missions. Exclusive worldwide commercial license of NREL's ISC testing device is awarded to KULR
Today - Product development with world-class partners and start of business expansion with a focus on E-Mobility and aerospace markets
An important Message from board manager to those following KUTG stock:
Thank you for taking the time to follow this board. I feel it’s my duty to disclose to you that my family has invested in KUTG (KULR Technology Group) and are shareholders of the Company. I am also acting as a paid consultant for the Company and have been compensated in KUTG shares. I have extensively researched KULR Technology and believe its exceptional thermal management solutions have palpable potential to displace traditional products serving today’s electronics and battery storage markets. KULR Technology has an extraordinary management team along with talented, hard working employees (engineers) and its solutions hold certain key advantages over the competition.
All questions, comments and opinions about KUTG whether bullish or bearish are welcome on this board as its purpose is to generate thoughtful dialogue about the Company. KUTG is a newly listed OTC company and although this community is currently very small, with time I envision this board will grow and serve to be a beneficial resource for discussion, opinion, and news for all involved.
I am not a licensed financial professional and do not recommend you buy or sell KUTG without first doing your own due diligence. 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. From a business standpoint, micro-cap companies tend to lack in resources and often struggle to commercialize their products or services in a meaningful way. However, a growing company with a good business model and sound business practices (i.e. transparency, solid operational procedures, astute strategic planning, etc.) is capable of overcoming these challenges, which can translate into creating shareholder value over time.
Stay tuned…
Best wishes,
Tom
KULR Technology Group's (KUTG) business is to utilize space technology that was co-developed with NASA used to cool electronics (chips) and batteries (lithium-ion). Although it's technology has broad applications within the world of electronics, KUTG has recently honed its focus towards acquisition of E-Mobility (electric transportation) and aerospace customers. Visit recently updated website KULR Technology Group for more information.
Some notable news about their tech:
Wall Street Journal: NASA's Work to Head Off Battery Blazes in Space Finds Uses on Earth
Cheddar TV (video): Protecting Batteries from Electric Cars to NASA Space Shuttles
Forbes: A Rocket Science Solution To Lithium-Ion Battery Fires
The Company intends to uplist to the NYSE or NASDAQ this year but needs to meet minimum uplisting requirements including fulfilling minimum pre-tax income, # shareholders, shareholder equity. Recently, KUTG announced acquisition of Japanese telematics company TECHTOM, which will be synergistic (software/hardware) making the Company more competitive as it makes efforts to capture market share in the E-Mobility space. TECHTOM did about $2.35 million in revenue (fiscal year ended 4/30/18), while KUTG did $1.27 million (fiscal year ended 12/31/18). Each standalone entity is projected to experience substantial growth FY2019 (i.e. TECHTOM projected $4.5 to $5 million in revenue).
More information about KULR Technology Group including information about their technology, archived news and press releases, management team bios, and SEC filings can be found at KULR Technology Group
NOTE: I am the moderator for the KUTG board and a shareholder of the Company. KUTG is very thinly traded at this time. I believe this is largely due to a lack of people following the stock. KUTG has only been publicly traded since July 2018 and the Company has not really been actively marketing itself. There is certainly liquidity risk because of the lack of volume. That said, I do believe in the long-term potential of this Company's technology. Time will tell as the Company needs to capture meaningful market share with its novel tech. If you're interested, keep this one on your radar, watching out for future earnings and press release announcements. Thanks. Tom
KULR Technology Group's (KUTG) business is to utilize space technology that was co-developed with NASA used to cool electronics (chips) and batteries (lithium-ion). Although it's technology has broad applications within the world of electronics, KUTG has recently honed its focus towards acquisition of E-Mobility (electric transportation) and aerospace customers. Visit recently updated website KULR Technology Group for more information.
Some notable news about their tech:
Wall Street Journal: NASA's Work to Head Off Battery Blazes in Space Finds Uses on Earth
Cheddar TV (video): Protecting Batteries from Electric Cars to NASA Space Shuttles
Forbes: A Rocket Science Solution To Lithium-Ion Battery Fires
The Company intends to uplist to the NYSE or NASDAQ this year but needs to meet minimum uplisting requirements including fulfilling minimum pre-tax income, # shareholders, shareholder equity. Recently, KUTG announced acquisition of Japanese telematics company TECHTOM, which will be synergistic (software/hardware) making the Company more competitive as it makes efforts to capture market share in the E-Mobility space. TECHTOM did about $2.35 million in revenue (fiscal year ended 4/30/18), while KUTG did $1.27 million (fiscal year ended 12/31/18). Each standalone entity is projected to experience substantial growth FY2019 (i.e. TECHTOM projected $4.5 to $5 million in revenue).
More information about KULR Technology Group including information about their technology, archived news and press releases, management team bios, and SEC filings can be found at KULR Technology Group
NOTE: I am the moderator for the KUTG board and a shareholder of the Company. KUTG is very thinly traded at this time. I believe this is largely due to a lack of people following the stock. KUTG has only been publicly traded since July 2018 and the Company has not really been actively marketing itself. There is certainly liquidity risk because of the lack of volume. That said, I do believe in the long-term potential of this Company's technology. Time will tell as the Company needs to capture meaningful market share with its novel tech. If you're interested, keep this one on your radar, watching out for future earnings and press release announcements. Thanks. Tom
KULR Technology Group's (KUTG) business is to utilize space technology that was co-developed with NASA used to cool electronics (chips) and batteries (lithium-ion). Although it's technology has broad applications within the world of electronics, KUTG has recently honed its focus towards acquisition of E-Mobility (electric transportation) and aerospace customers. Visit recently updated website KULR Technology Group for more information.
Some notable news about their tech:
Wall Street Journal: NASA's Work to Head Off Battery Blazes in Space Finds Uses on Earth
Cheddar TV (video): Protecting Batteries from Electric Cars to NASA Space Shuttles
Forbes: A Rocket Science Solution To Lithium-Ion Battery Fires
The Company intends to uplist to the NYSE or NASDAQ this year but needs to meet minimum uplisting requirements including fulfilling minimum pre-tax income, # shareholders, shareholder equity. Recently, KUTG announced acquisition of Japanese telematics company TECHTOM, which will be synergistic (software/hardware) making the Company more competitive as it makes efforts to capture market share in the E-Mobility space. TECHTOM did about $2.35 million in revenue (fiscal year ended 4/30/18), while KUTG did $1.27 million (fiscal year ended 12/31/18). Each standalone entity is projected to experience substantial growth FY2019 (i.e. TECHTOM projected $4.5 to $5 million in revenue).
More information about KULR Technology Group including information about their technology, archived news and press releases, management team bios, and SEC filings can be found at KULR Technology Group
NOTE: I am the moderator for the KUTG board and a shareholder of the Company. KUTG is very thinly traded at this time (contrary to Rule #6 of this board). I believe this is largely due to a lack of people following the stock. KUTG has only been publicly traded since July 2018 and the Company has not really been actively marketing itself. There is certainly liquidity risk because of the lack of volume. That said, I do believe in the long-term potential of this Company's technology. Time will tell as the Company needs to capture meaningful market share with its novel tech. If you're interested, keep this one on your radar, watching out for future earnings and press release announcements. Thanks. Tom
KULR Technology Group's (KUTG) business is to utilize space technology that was co-developed with NASA used to cool electronics (chips) and batteries (lithium-ion). Although it's technology has broad applications within the world of electronics, KUTG has recently honed its focus towards acquisition of E-Mobility (electric transportation) and aerospace customers. Visit recently updated website KULR Technology Group for more information.
KULR Technology Group to Acquire Vehicle Management Technology Company TECHTOM
Acquisition will allow KULR to expand as E-Mobility solutions platform company.
CAMPBELL, Calif., April 03, 2019 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KUTG), (the “Company” or “KULR”), today announced it has entered into a purchase agreement to acquire TECHTOM Ltd. (“TECHTOM”), a leading provider of automotive telematics solutions and electrical vehicle battery management technology in Japan.
“Two of the most important components of E-Mobility are energy and data,” said Michael Mo, CEO of KULR. "With this acquisition, KULR is one step closer to our mission of becoming a leading technology solutions platform company for E-Mobility, which we believe is one of the most significant technology markets for the next twenty years.”
Subject to various closing conditions, upon consummating the acquisition, TECHTOM will deliver KULR the following technology and business synergies to address customers’ needs in energy and data management for their next generation E-Mobility applications:
-Integration of software and hardware battery management systems (BMS) with high performance space-qualified battery safety and thermal management technology
-Collaboration on electric vehicle conversions towards E-buses and other electric public transportation vehicles
-Development of next generation telematics devices to serve the ride-sharing and car-sharing applications
-Access to the Japanese automotive market for KULR products
An IP portfolio of 21 granted and 12 pending patents held by TECHTOM, and 8 granted and 7 pending patents held by KULR
These synergistic advantages establish the foundation for positioning the combined entities as key competitors in the growing global electric vehicle and E-Mobility markets. According to Frost & Sullivan’s Global Electric Vehicle Market Outlook 2018, global EV sales will climb from 1.2 million units in 2017 to approximately 2 million units in 2019. According to a 2018 JP Morgan report, by 2025 and 2030, 32% and 59% of total automobile sales, respectively, will come from EV (including hybrids).
The mobile charging infrastructure market alone, which includes batteries and battery technology, according to an AT Kearney report, will be a $29 billion global market by 2020 within the overall $390 billion global E-Mobility market. At the same time, the telematics market is forecast to grow to $230 billion by 2025. As the 260 million vehicles on the road in North America continue to age, aftermarket telematics will play a large role for insurance providers, ride-sharing applications, and other market segments such as road safety and fuel and routing optimization.
“By leveraging decades of experience, a deep reserve of intellectual property and the product successes of TECHTOM, KULR expands its technology portfolio from space-qualified battery safety and thermal management technology to integrated hardware and software battery management systems and vehicle telematics systems,” said Mo. “With our combined resources, KULR will be able to serve customers with technologies that measure performance, detect mobility challenges and deliver a safer and more energy-efficient product to the end user.”
TECHTOM’s CEO Naoki Tomita said, “We are honored to join the KULR family with their history and success in space thermal management design, and to share our ideas and technologies to enhance E-Mobility solutions for our major clients and their customers.” TECHTOM has more than 20,000 devices in operation in the Japan and Southeast Asia markets. Its devices have been deployed for vehicle and fleet management by Softbank, Nissan, Honda, NEC, Orix and major insurance companies.
KULR also recently announced the patent of its thermal runaway shield (TRS), which has been proven to reduce the risks of lithium-ion battery explosions due to thermal runaway. KULR also announced that it became the exclusive provider of the internal short circuit (ISC), developed by researchers at the National Renewable Energy Lab (NREL) and NASA. The ISC device is key to studying and preventing serious battery failures. KULR also recently announced a partnership with French battery maker, Saft, to develop safer batteries.
Although KULR continues its due diligence over TECHTOM and its historical financial data, it has been reported to KULR that TECHTOM recognized revenues of approximately $2.35 million for its fiscal year ended April 30, 2018 and, although no assurances can be made, it forecasts its FY 2019 revenue to be in the range of $4.5 million to $5 million. Details about the terms of KULR’s acquisition of TECHTOM will be detailed in KULR’s Current Report on Form 8-K filed on or around the date of this release.
As part of the agreement, TECHTOM shareholders will receive the following aggregate acquisition price: (i) $1,750,000 cash consideration (which is subject to certain escrowed indemnification hold backs); and (ii) one hundred (100) shares of KULR's Series C Convertible Preferred Stock (which shares have an aggregate stated value of $1,000,000 and are convertible into 2,000,000 shares of KULR's common stock). Closing of the acquisition is subject to customary closing conditions including the delivery of audited financial statements.
Aegis Capital Corp. is acting as lead financial advisor to KULR in the acquisition of TECHTOM and Sichenzia Ross Ference LLP as legal counsel to KULR.
About KULR Technology Group, Inc.
KULR Technology Group, Inc., through its wholly-owned subsidiary KULR Technology Corporation ("KTC"), develops and commercializes high-performance space-used thermal management technologies for electronics, batteries, and other components across an array of applications such as electric vehicles and autonomous driving (collectively as E-Mobility), AI/Cloud computing, energy storage, and 5G communication technologies. KULR's proprietary, core technology is a carbon fiber material with roots in aerospace and defense that provides superior thermal conductivity and heat dissipation in an ultra-lightweight and pliable material. By leveraging this break-through cooling solution and its longstanding development partnerships with NASA, the Jet Propulsion Lab and others, KULR makes E-Mobility and other products cooler, lighter, and safer. https://www.kulrtechnology.com
About TECHTOM:
TECHTOM., Ltd., is a telematics company that analyzes automotive control systems and provides on-board diagnostic services and solutions including various Intelligent Transport System devices for vehicle management services. With 30 years of experience specializing in car electronics, TECHTOM has solved a variety of problems within the sector, in particular, technology for information acquisition from vehicles. TECHTOM's proprietary technology currently supports approximately 1,600 vehicle models and has over 20,000 devices in operation in Japan and Southeast Asia markets.
http://www.TECHTOM.co.jp/en
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 parent entity’s Form 10-K filed on March 29, 2019. 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. 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: http://www.globenewswire.com/news-release/2019/04/03/1796277/0/en/KULR-Technology-Group-to-Acquire-Vehicle-Management-Technology-Company-TECHTOM.html
KULR Technology Group to Acquire Vehicle Management Technology Company TECHTOM
Acquisition will allow KULR to expand as E-Mobility solutions platform company.
CAMPBELL, Calif., April 03, 2019 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KUTG), (the “Company” or “KULR”), today announced it has entered into a purchase agreement to acquire TECHTOM Ltd. (“TECHTOM”), a leading provider of automotive telematics solutions and electrical vehicle battery management technology in Japan.
“Two of the most important components of E-Mobility are energy and data,” said Michael Mo, CEO of KULR. "With this acquisition, KULR is one step closer to our mission of becoming a leading technology solutions platform company for E-Mobility, which we believe is one of the most significant technology markets for the next twenty years.”
Subject to various closing conditions, upon consummating the acquisition, TECHTOM will deliver KULR the following technology and business synergies to address customers’ needs in energy and data management for their next generation E-Mobility applications:
- Integration of software and hardware battery management systems (BMS) with high performance space-qualified battery safety and thermal management technology
- Collaboration on electric vehicle conversions towards E-buses and other electric public transportation vehicles
- Development of next generation telematics devices to serve the ride-sharing and car-sharing applications
- Access to the Japanese automotive market for KULR products
- An IP portfolio of 21 granted and 12 pending patents held by TECHTOM, and 8 granted and 7 pending patents held by KULR
These synergistic advantages establish the foundation for positioning the combined entities as key competitors in the growing global electric vehicle and E-Mobility markets. According to Frost & Sullivan’s Global Electric Vehicle Market Outlook 2018, global EV sales will climb from 1.2 million units in 2017 to approximately 2 million units in 2019. According to a 2018 JP Morgan report, by 2025 and 2030, 32% and 59% of total automobile sales, respectively, will come from EV (including hybrids).
The mobile charging infrastructure market alone, which includes batteries and battery technology, according to an AT Kearney report, will be a $29 billion global market by 2020 within the overall $390 billion global E-Mobility market. At the same time, the telematics market is forecast to grow to $230 billion by 2025. As the 260 million vehicles on the road in North America continue to age, aftermarket telematics will play a large role for insurance providers, ride-sharing applications, and other market segments such as road safety and fuel and routing optimization.
“By leveraging decades of experience, a deep reserve of intellectual property and the product successes of TECHTOM, KULR expands its technology portfolio from space-qualified battery safety and thermal management technology to integrated hardware and software battery management systems and vehicle telematics systems,” said Mo. “With our combined resources, KULR will be able to serve customers with technologies that measure performance, detect mobility challenges and deliver a safer and more energy-efficient product to the end user.”
TECHTOM’s CEO Naoki Tomita said, “We are honored to join the KULR family with their history and success in space thermal management design, and to share our ideas and technologies to enhance E-Mobility solutions for our major clients and their customers.” TECHTOM has more than 20,000 devices in operation in the Japan and Southeast Asia markets. Its devices have been deployed for vehicle and fleet management by Softbank, Nissan, Honda, NEC, Orix and major insurance companies.
KULR also recently announced the patent of its thermal runaway shield (TRS), which has been proven to reduce the risks of lithium-ion battery explosions due to thermal runaway. KULR also announced that it became the exclusive provider of the internal short circuit (ISC), developed by researchers at the National Renewable Energy Lab (NREL) and NASA. The ISC device is key to studying and preventing serious battery failures. KULR also recently announced a partnership with French battery maker, Saft, to develop safer batteries.
Although KULR continues its due diligence over TECHTOM and its historical financial data, it has been reported to KULR that TECHTOM recognized revenues of approximately $2.35 million for its fiscal year ended April 30, 2018 and, although no assurances can be made, it forecasts its FY 2019 revenue to be in the range of $4.5 million to $5 million. Details about the terms of KULR’s acquisition of TECHTOM will be detailed in KULR’s Current Report on Form 8-K filed on or around the date of this release.
As part of the agreement, TECHTOM shareholders will receive the following aggregate acquisition price: (i) $1,750,000 cash consideration (which is subject to certain escrowed indemnification hold backs); and (ii) one hundred (100) shares of KULR's Series C Convertible Preferred Stock (which shares have an aggregate stated value of $1,000,000 and are convertible into 2,000,000 shares of KULR's common stock). Closing of the acquisition is subject to customary closing conditions including the delivery of audited financial statements.
Aegis Capital Corp. is acting as lead financial advisor to KULR in the acquisition of TECHTOM and Sichenzia Ross Ference LLP as legal counsel to KULR.
About KULR Technology Group, Inc.
KULR Technology Group, Inc., through its wholly-owned subsidiary KULR Technology Corporation ("KTC"), develops and commercializes high-performance space-used thermal management technologies for electronics, batteries, and other components across an array of applications such as electric vehicles and autonomous driving (collectively as E-Mobility), AI/Cloud computing, energy storage, and 5G communication technologies. KULR's proprietary, core technology is a carbon fiber material with roots in aerospace and defense that provides superior thermal conductivity and heat dissipation in an ultra-lightweight and pliable material. By leveraging this break-through cooling solution and its longstanding development partnerships with NASA, the Jet Propulsion Lab and others, KULR makes E-Mobility and other products cooler, lighter, and safer. https://www.kulrtechnology.com
About TECHTOM:
TECHTOM., Ltd., is a telematics company that analyzes automotive control systems and provides on-board diagnostic services and solutions including various Intelligent Transport System devices for vehicle management services. With 30 years of experience specializing in car electronics, TECHTOM has solved a variety of problems within the sector, in particular, technology for information acquisition from vehicles. TECHTOM's proprietary technology currently supports approximately 1,600 vehicle models and has over 20,000 devices in operation in Japan and Southeast Asia markets.
http://www.TECHTOM.co.jp/en
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 parent entity’s Form 10-K filed on March 29, 2019. 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. 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: http://www.globenewswire.com/news-release/2019/04/03/1796277/0/en/KULR-Technology-Group-to-Acquire-Vehicle-Management-Technology-Company-TECHTOM.html
KULR Technology Group Announces FY2018 Financial Results
CAMPBELL, Calif., April 02, 2019 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KUTG), (the “Company” or “KULR”), issued its Annual Report on Form 10-K for the fiscal year ended December 31, 2018. Its Chief Executive Officer, Michael Mo, provided the following statement:
To our shareholders:
Financial Milestones:
For the year ended December 31, 2018, KULR generated $1,274,028 in revenues, an increase of 441% over 2017, and gross profit of $937,374, compared to $78,975 for 2017. Our 2018 revenue consisted of sales of our carbon fiber thermal management component products, Original Equipment Manufacturer (“OEM”) products as well as certain research and development contract services. The increase in revenue was due to new contracts entered into during 2018 as well as existing customers increasing orders.
Gross margin was 73.6% in 2018, compared to 33.5% in 2017. The increase in gross margin was primarily due to a more favorable product mix being sold in 2018. KULR earns greater margins in high performance component products compared to services and OEM products, so product mix plays an important part in our reported average margins for any period. Also, we are introducing new products at an early stage in our development cycle, hence margins earned can vary significantly between periods, customers, and products due to the learning process, customer negotiating strengths and product mix. The revenues for 2018 and 2017 were generated from 13 and 11 different customers, respectively.
For the years ended December 31, 2018 and 2017, cost of revenues was $336,654 and $156,609, respectively, an increase of $180,045, or 115%. The increase was primarily due to increased volume of contracts in the 2018 period which required additional labor and materials. Net loss for 2018 was $2,058,239, a decrease of 15.2% from $2,424,510 in 2017.
We believe the growth of the E-Mobility market will continue to create significant new opportunities for the application of our technology and intellectual property (“IP”). The E-Mobility market consists of electrification of power trains with lithium ion batteries, vehicle management systems and the communications infrastructure to support the vehicles. These new opportunities will be further driven by certain behavioral changes we’ve observed in younger generations who seem to increasingly cope with higher population densities and prefer sharing services instead of ownership of products. We believe these technology and demographic trends will lead to new E-Mobility products and services in the future.
KULR will continue leveraging its heritage and expertise in high performance space energy management technology to develop solutions for E-Mobility applications. Our focus is to provide safety and energy management solutions for lithium-ion batteries in E-Mobility vehicles. We believe we are well positioned to serve customer specific needs and intend to expand our business through partnerships, IP licensing and acquisitions. In the case of acquisitions, we seek to acquire businesses that are synergistic and complimentary to our existing technologies, operations and management experience.
The foregoing information and summary of results of operation does not purport to be complete and is qualified in its entirety by reference to the complete Annual Report on Form 10-K for the period ended December 31, 2018, which was filed on March 29, 2019.
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 parent entity’s Form 10-K filed on March 29, 2019. 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. 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/2019/04/02/1795291/0/en/KULR-Technology-Group-Announces-FY2018-Financial-Results.html
KUTG 10K for fiscal year ended December 2018 is out. The Company is focused on E-Mobility (electric transportation) markets, which perhaps represents a logical progression from the high-performance aerospace market. The Company also speaks to potential synergistic acquisitions as part of its growth strategy. Give it a read:
https://www.sec.gov/Archives/edgar/data/1662684/000114420419017012/tv516626_10k.htm
When Will You Go to Space? ft. Richard Branson (PBS Space Time video)
NOTE: Off-topic (not about KUTG)
Interesting video that sheds light on recent breakthroughs mankind has made in sub-orbital space travel and the visionaries behind it (Branson interview).
Although PBS Space Time can be quite dense at times, it's a good program that covers all topics related to astrophysics. Hope you enjoy!
Video:
Jerry Maguire! Haha, good one SF. You're right. Need to see the Company convert partnerships into revenue.
KULR Technology Partners With Saft to Provide Battery Safety Research and Testing Devices
CAMPBELL, Calif., March 11, 2019 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KUTG), (the “Company” or “KULR”), today announced that it will provide its internal short circuit (ISC) battery testing device to battery manufacturer Saft, a Total Company (NYSE: TOT), for ongoing research into battery safety.
The ISC was developed in 2015 by researchers at the National Renewable Energy Lab (NREL) and NASA and reliably creates failures in lithium-ion battery cells in controlled, laboratory conditions. The failures triggered by the ISC replicate cell failures that, although rare, can happen in a wide variety of commercial and consumer battery uses. By replicating cell failures, designers and researchers can study methods and systems to reduce battery failures as well as design systems to mitigate their consequences.
As the exclusive provider of the ISC, KULR will deliver ISC devices beginning in Q2 of 2019. Further details of the arrangement were not released but company leaders highlighted the importance of this agreement and possible advancements of battery safety.
“We are very proud to be working with leaders at NASA and NREL in sharing the break-through ISC technology as part of our ongoing commitment to making safer and more efficient batteries,” said Michael Mo, CEO of KULR. “We’re also very excited to work with leading battery maker Saft in helping them advance their research into battery reliability and safety, which is work we know will pay off for their customers and partners.”
“Saft is committed to making the safest and most reliable batteries as we possibly can,” said Dr. Kamen Nechev, Chief Technology Officer of Saft. “Our team will continue to design, test, and innovate with the singular goal of providing the best battery solutions to our customers.”
The ISC replicates latent defects in batteries which can be some of the most common, serious, and hardest cell failures to detect. Unfortunately other lithium-ion cell testing methods such as mechanical (crush, nail penetration), thermal (heat to vent, thermal cycling) and electrical (overcharge, off-limits cycling) are all simply “not relevant to the latent-defect–induced field failure,” according to a 2015 NASA and NREL presentation. The ISC break-through received the prestigious R&D100 Award in 2016 and was the runner-up NASA invention of the year in 2017.
Saft, headquartered in France, is a leading global battery manufacturer with more than 3,000 customers in 18 countries.
About KULR Technology Group, Inc.
KULR Technology Group, Inc., through its wholly-owned subsidiary KULR Technology Corporation ("KULR"), develops and commercializes high-performance space-used thermal management technologies for electronics, batteries, and other components across an array of applications such as electric vehicles and autonomous driving (collectively as E-Mobility), AI/Cloud computing, energy storage, and 5G communication technologies. KULR's proprietary, core technology is a carbon fiber material with roots in aerospace and defense that provides superior thermal conductivity and heat dissipation in an ultra-lightweight and pliable material. By leveraging this break-through cooling solution and its longstanding development partnerships with NASA, the Jet Propulsion Lab and others, KULR makes E-Mobility and other products safer and cooler. https://www.kulrtechnology.com
About Saft:
Saft specializes in advanced technology battery solutions for industry, from the design and development to the production, customization and service provision. For 100 years, Saft’s longer-lasting batteries and systems have provided critical safety applications, back-up power and propulsion for our customers. Our innovative, safe and reliable technology delivers high performance on land, at sea, in the air and in space. Saft is powering industry and smarter cities, while providing critical back-up functionality in remote and harsh environments from the Arctic Circle to the Sahara Desert. Saft is a wholly-owned subsidiary of Total, a leading international oil and gas company and a major player in low-carbon energies.
We energize the world. www.saftbatteries.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 parent entity’s Form 10-K filed on April 17, 2018. 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. 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/2019/03/11/1751314/0/en/KULR-Technology-Partners-With-Saft-to-Provide-Battery-Safety-Research-and-Testing-Devices.html
A Rocket Science Solution To Lithium-Ion Battery Fires
by Robert Rapier (Forbes Contributor)
China's Drive to Dominate the Electric Car Industry (60 Minutes)
Holly Williams reports on China's challenge to the rest of the world's carmakers, as they will build more than a million electric cars this year.
https://www.cbsnews.com/news/electric-cars-chinas-drive-to-dominate-the-industry-60-minutes/
Huge Investments in EV market in next 5 to 10 years
A Reuters analysis of 29 global automakers found that they are investing at least $300 billion in electric vehicles, with more than 45 percent of that earmarked for China.
By Paul Lienert and Christine Chan
PUBLISHED JAN. 10, 2019
Global automakers are planning an unprecedented level of spending to develop and procure batteries and electric vehicles over the next five to 10 years, with a significant portion of their budgets targeted at China, according to a Reuters analysis of public data released by those companies.
Automakers’ plans to spend at least $300 billion on EVs are driven largely by environmental concerns and government policy, and supported by rapid technological advances that have improved battery cost, range and charging time. The accelerated rate of industry spending — much of it led by Germany’s Volkswagen — is greater than the economies of Egypt or Chile.
EV INVESTMENT FLOWS BY COUNTRY OF ORIGIN OF AUTOMAKER
In billions of dollars.......
Goto https://graphics.reuters.com/AUTOS-INVESTMENT-ELECTRIC/010081ZB3HD/index.html for complete write up.
Yup. Just posted it myself. Thanks.