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KULR Technology (OTCQB: KULR)

Discussion in 'Penny Stocks' started by quantum, Oct 31, 2019.

  1. quantum

    quantum Member

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    Hello all. Starting a new thread about KULR Technology (OTCQB: KULR) as the old thread is getting a bit overloaded with information and couldn't edit the company's ticker symbol to KULR (ticker changed from KUTG to KULR in July 2019). Please refer to the old thread for information about the Company posted through today.

    About KULR Technology Group, Inc.
    KULR Technology Group, Inc. (OTCQB: KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company’s roots in developing breakthrough cooling solutions for NASA deep space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.kulrtechnology.com.

    10/31/2019: KULR's CEO interview on Cheddar: Space Tech Company Sending Bags to Contain Battery Explosions to ISS
     
  2. quantum

    quantum Member

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  3. quantum

    quantum Member

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    KULR Technology Reports Third Quarter 2019 Financial Results
    NASA-Utilized Electronics and Battery Cooling Technologies Ready for Mass Market Commercialization


    Key Takeaways from 3rd quarter results and recent CNN interview:
    • Recent lumpy revenue growth attributed to lengthy product development cycle and dependent on stage of product development

    • KULR has progressed product development work with Tier-1 partners, moved into beta testing phase with one or more partners, and anticipates securing volume customer relationships into 2020.

    • NASA is benefiting from KULR's battery storage technology and has utilized it during recent launch to International Space Station.

    • The Company is commercializing it's disruptive battery storage technology in consumer facing markets such as electric vehicles, consumer electronics, and shipping & logistics markets.

    • KULR looks to implement a novel (for this industry) licensing model with it's battery storage solution and has been in discussions with it's potential customer(s) in this regard.

    • Stay tuned as the Company looks to announce significant event(s) related to business model/customer soon
     
    #3 quantum, Nov 4, 2019
    Last edited: Nov 4, 2019
  4. quantum

    quantum Member

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    Thermal Interface Materials: Why Will Markets Double by 2025?

    This is an interesting summary on a research report produced by IDTechEx. It speaks to the massive growth potential of the Thermal Interface Material (TIM) market and specifically refers to a growing necessity for high-performance TIMs including carbon fiber TIMs. KULR is a leader in carbon fiber based TIMs. Recently the Company announced working with an Tier-1 power tool manufacturer on improving performance of a BLDC motor with KULR's TIM product, FTI.
     
    #6 quantum, Dec 5, 2019
    Last edited: Dec 5, 2019
  5. quantum

    quantum Member

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  6. quantum

    quantum Member

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  7. quantum

    quantum Member

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  8. quantum

    quantum Member

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    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 (https://kulrtechnology.com/hydra-thermal-runaway-shield/) 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 KULR succeeds with commercializing TRS in other markets.
     
    #11 quantum, Apr 13, 2020
    Last edited: Apr 13, 2020
  9. quantum

    quantum Member

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  10. quantum

    quantum Member

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  11. quantum

    quantum Member

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    Yesterday, KULR his a milestone in trading volume, posting it's highest daily volume since inception in July 2018. Although trading volume is still quite thin with liquidity risk still an issue, volume has picked up these days. According to my calculations, KULR's average daily volume since inception is 900 shares/day (on the dot) corresponding to a volume weighted average price (VWAP) of $1.59/share. Yesterday, KULR closed with 34,896 shares traded with a VWAP of $1.25.

    On November 4, 2019, KULR's CEO stated, "To date, we have experienced lumpiness in revenues, which is largely attributed to a lengthy product development cycle in which revenue earned can be inconsistent and dependent on stage of product development. We expect our recent work with commercial partners will lead to future growth into 2020 as we are well-positioned to convert our development partnerships into volume production customers."

    On April 13, 2020, KULR announced it's first consumer-facing customer acquisition licensing its technology to Americase, a leader in providing battery packaging solutions for the electronics industry.

    Although COVID-19 has impacted the Company's progress (as stated in their last 10K filing), it will be interesting to see what balance of product development partnerships KULR converts into customers during the balance of 2020.

    Today, KULR released an updated June 2020 investor presentation. Take a look to see the lay of the land. You can find it here.
     
  12. quantum

    quantum Member

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