KULR Technology Group Inc (KULR)

[supernova23]

Today, KULR Technology announced its first customer partnership with "mass market" commercial potential. Up until now, the Company's main source of business came from its aerospace customer engagements. I believe this is an important step for KULR as it validates the Company's TRS technology as a commercially viable battery storage product for consumer facing applications. In the past KULR Technology reported that it's TRS battery storage application is being tested and developed for a tier-1 medical device manufacturer and automaker (electric vehicles). I imagine that the product development period for potential inclusion of TRS technology into electric vehicles, medical devices, and electronics in general is a rather lengthy process in comparison to the recently announced "battery bag" application for the shipping and logistics industry. Time will tell if the Company succeeds with commercializing this particular technology in other markets.