The efficacy of KULR's carbon fiber based cooling technologies is without question the biggest draw for potential commercialization. KULR's technologies are proven effective by the numerous contracts awarded to the Company by NASA, U.S. government, and the aerospace industry. So the key question of concern is whether or not KULR can effectively commercialize these technologies in a cost effective way in markets that have large scale/high volume (mass market) potential.
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.
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