KULR Technology Stock Races Higher As Andretti Technologies And NASA Embrace Its Thermal Management Technology
Published: April 26, 2021 at 8:49 a.m. ET
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Apr 26, 2021 (AB Digital via COMTEX) -- KULR Technology Group, Inc. (OTC Other: KULR) stock is racing its way higher- literally. Year-to-date, company shares are roughly 38% higher, and analysts covering the company see considerable room to grow. In fact, in an April report, analysts at Taglich Brothers awarded the company a 12-month price target roughly 87% higher than its current levels. Why so bullish? Because KULR has surging revenues, game-changing thermal management technology, several potentially lucrative 2021 contracts, and a new deal with AndrettiTechnologies that should combine to fuel a breakout year. The great news is that KULR has the experience, technology, and capital to make that happen.
From an investor's perspective, KULR is in the right markets at the right time. And despite its small-cap price of roughly $2.00, KULR is advancing several big-time programs. At its core, KULR is capitalizing on massive industry opportunities through the development and commercialization of high-performance thermal management technologies for batteries, electronics, and other components. That's putting it simply.
For sure, trying to explain the technology to the layman is no easy task. But to those at NASA, the Jet Propulsion Lab, and Andretti United Team E racing, KULR's core thermal conductivity and heat dissipation technology is proving itself a potential lifesaver and an industry game-changer. And since that technology substantially reduces the risk of fire and explosion, that's no understatement.
Better news is that KULR's technology is needed in markets far beyond those clients mentioned. In fact, by mitigating the effects of thermal runaway propagation that lead to fire and explosions, KULR can capitalize on massive market opportunities by providing thermal management solutions for electric vehicles, cloud computing, 5G communication technologies, and energy storage for commercial markets. Also, the technology is attracting considerable attention from aerospace and defense contractors, who recognize and understand its value in military applications such as directed energy weapons and high-power missile programs.
In short, the technology has enormous multi-market potential. And, for investors, the KULR story gets even better. Not only is KULR already commercializing solutions targeting tremendous opportunities in the thermal management and energy storage markets, but its success in doing so is showing up in its revenue streams. Thus, KULR isn't a wait-and-see opportunity.
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