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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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    From Mars To Your Hands: KULR Is Making Electronics Cooler And Safer
    Silvia Munoz Campo December 28, 2020 10:11am 4 min read

    KULR Technology Group, Inc. was one of the sponsors for theBenzinga Global Small Cap Conferencethat took place on December 8-9, 2020.

    We’ve all held battery-powered devices in our hands and know that they can get really hot when we overuse them. When batteries overheat they can catch fire, explode, or at a minimum reduce system performance and reliability. This creates a growing need for efficient thermal management in the battery safety and electronics industries.

    According to data released by the Federal Aviation Administration (FAA), since 2017, lithium battery incidents involving smoke, fire, extreme heat, or explosions occur an average of once every eight days on planes or in airports. So it is essential to provide new safety solutions that can prevent future incidents as society continues its rapid adoption of rechargeable batteries.

    KULR Technology Group, Inc.KULR 45.16% develops, manufactures, and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. The company is taking its space-proven solutions for electronics and lithium-ion batteries to serve the world of electric transportation, energy storage, battery safety, 5G infrastructure, cloud computing, aerospace, and defense applications.

    NASA & KULR: Technology Proven In Space
    Thermal management for aerospace and defense applications are mission-critical, particularly with space electronics exposed to severe shock, vibration, and extreme temperature swings throughout flight operation.

    KULR’s core technology is a carbon fiber material that provides superior thermal conductivity and heat dissipation properties in an ultra-lightweight compliant material.

    In fact, KULR’s technology has its beginnings in the space industry with over 30 contracts with NASA, including providing thermal management solutions that were used in the Mars 2020 Rover, Mercury Messenger, and classified government projects.

    The company’s proven technologies can be seen with the engagement of Tier-1 aerospace operators, including Boeing Co.BA 0.13%, Lockheed Martin Corp.LMT 1%, Leidos Holdings, Inc.LDOS 0.57%, and Ball CorporationBLL 0.09%, among other companies.

    Making 5G Technologies Safer & More Reliable
    All this need for remote connectivity has resulted in a more significant need for cost-effective safety solutions when relying on 5G communication and cloud computing. Since everything is now handled in our home office or through our handheld devices, the need for improved, cost-effective cooling solutions is even more important. KULR enables leading aerospace, electronics, energy storage, 5G technology, and electric vehicle manufacturers to create cooler, lighter, and safer products for the consumer. The company collaborates with top companies in 5G and cloud computing to develop solutions that maximize performance and safety.

    Phase Change Materials
    KULR has different proven technologies to transform the E-Mobility, consumer electronics, and aerospace industries. These technologies include Thermal Interface Materials, HYDRA Thermal Runaway Shields, URSA Fiber Thermal Interface Materials, LYRA Internal Short Circuit Trigger Cells, and ARA Thermal Capacitors with PCM heat sink.

    The ARA is a carbon fiber-infused heat sink utilizing phase change materials (PCM) to absorb or provide heat. It successfully reduces system temperature excursions and extends both the life of key components in your product as well as overall operating times. Due to its low mass, it saves on weight and volume by reducing or eliminating the need for active cooling.

    Electrical Vehicles
    Recently, KULR partnered with Drako Motors for their electric supercar. The Drako GTE will integrate KULR’s FTI Thermal Interface Material within its thermal management system.
    In addition, the company’s technology can help with compliance and safety within the EV sector for companies like Tesla Inc’sTSLA 0.93%, ArcimotoFUV 7.46%, NioNIO 2.22%, and General ElectricGE 0.7%, among others.

    Looking Ahead
    Recently, the Consumer Product Safety Commission reported that KULR’s design solutions can stop fires and explosions in lithium-ion battery packs and provides additional insights on the future of safe battery technology. In fact, the worldwide lithium-ion battery market will exceed $100 billion by 2024, growing at an 18% CAGR.

    "From our beginnings as a component supplier, KULR is evolving into an integrated design and testing services provider today," said Michael Mo, CEO of KULR. "Ultimately, by leveraging our thermal design expertise and intellectual property, we envision KULR to provide total systems solutions for the directed energy, hypersonic vehicle thermal systems, energy storage, and lithium-ion battery recycling markets, and develop market-leading products that KULR will take to market directly. We believe that by doing so, we will be able to create more value for our shareholders while making the world of batteries and electronics cooler, lighter, and safer.”

    KULR recently announced research and design partnerships with a number of commercial partners: the super-EV, a separate Tier-1 automaker, a major power tool manufacturer, a large medical device manufacturer, a shipping container maker, as well as various defense and aerospace engagements.

    "We are taking steps to meet the requirements to up-list KULR stock, currently trading on the OTC Markets, to a national securities exchange. We believe that moving to a national exchange will help increase investor awareness, broaden KULR's institutional shareholder base, and provide shareholders better liquidity,” said Michael Mo, CEO of KULR. “ This will put KULR in a strong position to execute on its goals and vision in the coming months and years, especially as the markets anticipate an increased focus on clean energy and decarbonization."

    Source: https://www.benzinga.com/news/20/12...s-kulr-is-making-electronics-cooler-and-safer
     
  2. quantum

    quantum Member

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    KULR Technology Group Announces Pricing of $8.0 Million Offering

    December 29, 2020 09:15 ET | Source: KULR Technology Group, Inc.

    SAN DIEGO, Dec. 29, 2020 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KULR) (the “Company” or “KULR”), a leading developer of next-generation thermal management technologies, today announced that it has entered into securities purchase agreements with certain institutional investors for the purchase and sale of an aggregate of 6,400,000 shares of common stock and warrants to purchase up to an aggregate of 6,400,000 shares of common stock at a purchase price of $1.25 per share and accompanying warrant in a registered direct offering. The warrants have an exercise price of $1.25 per share, are exercisable immediately, and will expire five years following the date of issuance. The closing of the offering is expected to occur on or about December 31, 2020, subject to the satisfaction of customary closing conditions.

    Lake Street Capital Markets, LLC and Maxim Group LLC are acting as co-placement agents for the offering.
    The gross proceeds to the Company from the offering are expected to be approximately $8.0 million. In addition, in the event the warrants are exercised in full for cash, the Company expects to receive approximately $8.0 million in additional gross proceeds. However, there is no assurance that all or any portion of the warrants will be exercised prior to their expiration.
    The securities described above are being offered by the Company pursuant to a “shelf” registration statement on Form S-3 (File No. 333-232614) filed with the Securities and Exchange Commission (SEC) on July 11, 2019 and declared effective on August 1, 2019. The offering of the securities described herein will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A final prospectus supplement and accompanying prospectus relating to the securities being offered will be filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained, when available, on the SEC’s website at http://www.sec.gov or from Lake Street Capital Markets, LLC, Attention: Syndicate Department, 920 Second Avenue South, Suite 700, Minneapolis, Minnesota 55402, or by calling (612) 326-1305, or by emailing [email protected].
    This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
    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 space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.kulrtechnology.com.
    Safe Harbor Statement
    This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on May 14, 2020. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management's best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
    Source: https://www.globenewswire.com/news-...nnounces-Pricing-of-8-0-Million-Offering.html
     
  3. quantum

    quantum Member

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    I speculate yesterday's offering investor group sold aggressively in the mid $1.30's to $1.40's area in the latter half of today's trading session (dumbfounding move given the $1.25 purchase price). If true and they continue to sell, be wary of buying above $1.50. I'd rather they liquidate their positions at these lower levels, limiting them to a small profit than sell at higher levels at the expense of loyal retail investors. In my opinion, we'll need a needle-moving event or catalyst such as an announcement of a major deal or commercialization event to drive prices higher.

    For those interested in entering, I do believe entering between $1.25 and $1.30's is the play given the $1.25 purchase on 6.4M shares by the investor group, the Company looking to up list to a senior exchange (shareholder equity requirement now fulfilled with yesterday's investment), and the prospect of commercialization in 2021 as indicated by the CEO in past quarterly earning recaps.



    **Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As manager of this board it's 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.
     
  4. quantum

    quantum Member

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  5. quantum

    quantum Member

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