$KULR - Sees Big Revenue Increase And Receives $5 PT #Technology
KULR Technology Group Inc.(OTCQB: KULR )
Current Price: $1.00
Price Target: $5.00 (Litchfield Hills Research)
KULR Technology Group develops, manufactures and licenses next-generation carbon fiber thermal management and safety technologies for batteries and electronic systems.
The company has been pulling together solid business relationships with companies that will use KULR products. Those companies, however need to execute on their production plans. For example,subsequent to the end of the quarter announced a supplier partnership with Drako Motors, maker of an electric Supercar and commercialized battery safety technology for Volta Energy’s Whispertech™ energy storage systems. It also announced it was awarded two new U.S. patents.
Both the growth of electric-motor based transportation and demand for increased safety of lithiumion batteries are key drivers for KULR . Semiconductor and other components that control current flow to the motors must manage considerable heat in the process. KULR has what we believe to be better and lighter materials for thermal management.
Attractive valuation. The company has been cutting costs and is targeting cash flow break-even by 4Q20.