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Wednesday, February 03, 2021 10:31:57 PM
The complete process for commercializing from initial testing phase---> development phase ---> spec'ing in and commercialization can be lenghty, often times involving multiple back and forth iterations. This is evidenced by KULR's third quarter 2020 commentary where the Company states "given the innovative nature of our portfolio of thermal management solutions, the process for designing in to next-generation electronics and battery systems has been lengthy and challenging." In KULR's Q2 2020 results commentary the CEO stated, "Some of our more mature product development engagements are on track to transition into consistent volume production customers in 2020 and 2021”.
Given reported delays experienced due to Covid-19 (see Q3 2020 results) in 2020 and the CEO telegraphing imminent commercialization, I believe KULR is in more advanced stages of product development and close to reporting significant events pertaining to commercialization.
KULR's management and advisory board members (James Harden, Bob Richard, and Xia Zuoquan) are more than capable of leveraging their experience and industry connections (NASA, etc.) to advise the Company, raise awareness of their technologies, and assist in engaging companies/entities for testing and product development. KULR has already made progress on this front as evidenced by the various partnership announcements with tier-1 or world-class entities (https://www.benzinga.com/news/20/12/18939009/from-mars-to-your-hands-kulr-is-making-electronics-cooler-and-safer). The Company may have numerous other such engagements that have yet to be reported until reaching a more mature state. At the end of the day, some of these engagements may not bear fruit while others do for any number of reasons (i.e. economic feasibility, product fit, etc). I think the key will be to get the foot in the door with a number of customer engagements, which will further raise potential customer awareness and the cycle repeats.
Stay tuned...
**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As a moderator (supernova23) of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and you should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
Recent KULR News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 01:30:09 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/03/2024 12:00:18 PM
- KULR Announces Expiration of SEPA Facility and Compliance with NYSE Guidelines on Audit Opinion Disclosure • GlobeNewswire Inc. • 06/03/2024 12:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/31/2024 09:14:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/29/2024 12:30:17 PM
- KULR Experiences Fast-Growing Demand for Next-Gen EV Battery Safety and Testing Solutions with Order from Top Japanese Automaker • GlobeNewswire Inc. • 05/29/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/25/2024 01:30:16 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/23/2024 12:30:28 PM
- KULR CEO Michael Mo Reduces Cash Salary to Better Align with Shareholder Value Creation • GlobeNewswire Inc. • 05/23/2024 12:30:00 PM
- KULR Secures Test Engineering Contract with Bombardier Recreational Products • GlobeNewswire Inc. • 05/22/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 08:15:21 PM
- KULR Technology Group Reports First Quarter 2024 Financial Results • GlobeNewswire Inc. • 05/15/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/13/2024 01:11:18 PM
- KULR Adds United Parcel Service to its Battery Safety Shipping Platform, Forms Strategic Partnership with Safeware for Online Marketplace • GlobeNewswire Inc. • 05/13/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 08:16:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/07/2024 12:30:17 PM
- KULR Technology Successfully Completes 200 Amp-Hour Battery Fractional Thermal Runaway Calorimetry Test for EV Customer • GlobeNewswire Inc. • 05/07/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 12:30:46 PM
- KULR Technology Group Regains Compliance with NYSE American Continued Listing Standards • GlobeNewswire Inc. • 05/06/2024 12:30:00 PM
- KULR Technology Group Lends Battery Production Infrastructure for Rapid Support of NASA's R5 Program • GlobeNewswire Inc. • 05/02/2024 12:30:00 PM
- KULR Technology Group and Amprius Technologies Form Strategic Partnership for Advanced Battery Packs • GlobeNewswire Inc. • 04/30/2024 12:30:00 PM
- KULR Delivers Immediate Power Cell Battery Deployment Order for AI-Enabled Drone Missions in Ukraine • GlobeNewswire Inc. • 04/23/2024 12:30:00 PM
FEATURED POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM
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Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers • AVAI • Jun 25, 2024 8:00 AM
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM