KULR Technology only became listed as a public OTC company in July 2018 and obtained OTCQB status in August 2018. Prior to becoming a public company, KULR received considerable media attention with perhaps the most notable being an article in the Wall Street Journal on July 21, 2017 (https://www.wsj.com/articles/nasas-...lazes-in-space-finds-uses-on-earth-1500638400).
KULR Technology CEO to Present Battery Safety Solutions at NASA Aerospace Battery Workshop CAMPBELL, Calif., Nov. 27, 2018 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KUTG), (the “Company” or “KULR”), announced that CEO, Michael Mo, will this week share research and design solutions for lithium-ion battery safety at the NASA Aerospace Battery Workshop. The presentation by Mr. Mo is titled, “Carbon Fiber Based Thermal Management and Safety Solutions for Lithium-Ion Battery” and will take place at: Wednesday, November 28th 3:45pm local (Central) time NASA Aerospace Battery Workshop Holiday Inn Huntsville-Research Park 5903 University Drive Huntsville, AL 35806 The NASA Aerospace Battery Workshop is an annual event hosted by the Marshall Space Flight Center and is sponsored by the NASA Engineering and Safety Center. The Workshop is typically attended by scientists and engineers from various agencies in the U.S. Government, aerospace contractors, and battery manufacturers, as well as international participation in like kind from a number of countries around the world. “We look forward to presenting our break-out research and design solutions with the experts at NASA and in the energy storage and safety community,” said Mo. “We’ve been able to take our proprietary, space-used carbon fiber technology and use it to prevent dangerous thermal runaway events, even in some of the most demanding circumstances,” he said. The battery safety solutions presented at the NASA conference have commercial applications beyond space and aerospace in markets such as defense, electric vehicles and cloud computing. KULR's core vision is commercializing its space-qualified technology for the E-mobility revolution. E-mobility is the convergence of electric vehicle technology, autonomous driving, AI/Cloud computing, 5G communication, and battery safety and efficiency. About KULR Technology Group, Inc. KULR Technology Group, Inc., through its wholly-owned subsidiary KULR Technology Corporation ("KULR"), develops and commercializes high-performance, space-used thermal management technologies for electronics, batteries and other components across an array of applications such as electrical vehicle, autonomous driving, AI/Cloud computing, energy storage and 5G communications technologies known collectively as E-mobility. KULR's proprietary, core technology is a carbon fiber material with roots in aerospace and defense that provides superior thermal conductivity and heat dissipation in an ultra-lightweight, pliable material. By leveraging this break-through cooling solution, and its longstanding development partnerships with NASA, the Jet Propulsion Lab and others, KULR makes E-mobility and other products safer and cooler. https://www.kulrtechnology.com
KULR Technology presentation given by CEO Michael Mo at LD Micro Main Event on 12/04/18 http://wsw.com/webcast/ldmicro15/kutg/
KULR Technology Secures Patent for Thermal Runaway Shield (TRS), Proven to Minimize Risk of Fires and Explosions in Lithium-Ion Battery Packs
KULR Technology has recently engaged Pondel Wilkinson for Investor Relations. Pondel has a reputable client list.
Huge Investments in EV market in next 5 to 10 years A Reuters analysis of 29 global automakers found that they are investing at least $300 billion in electric vehicles, with more than 45 percent of that earmarked for China. By Paul Lienert and Christine Chan PUBLISHED JAN. 10, 2019 Global automakers are planning an unprecedented level of spending to develop and procure batteries and electric vehicles over the next five to 10 years, with a significant portion of their budgets targeted at China, according to a Reuters analysis of public data released by those companies. Automakers’ plans to spend at least $300 billion on EVs are driven largely by environmental concerns and government policy, and supported by rapid technological advances that have improved battery cost, range and charging time. The accelerated rate of industry spending — much of it led by Germany’s Volkswagen — is greater than the economies of Egypt or Chile. EV INVESTMENT FLOWS BY COUNTRY OF ORIGIN OF AUTOMAKER In billions of dollars....... Goto https://graphics.reuters.com/AUTOS-INVESTMENT-ELECTRIC/010081ZB3HD/index.html for complete write up.
Company focus on E-Mobility industry (from recently reported 10-K) KULR Technology Group, Inc., through its wholly-owned subsidiary KULR Technology Corporation, develops and commercializes high-performance thermal management technologies for electronics, batteries, and other components across an array of applications. Currently, it is focused on targeting the following applications: electric vehicles and autonomous driving systems (collectively referred to herein as “E-Mobility”); artificial intelligence and Cloud computing; energy storage; and 5G communication technologies. The Company's proprietary, core technology is a carbon fiber material, with roots in aerospace and defense, that provides what they believe to be superior thermal conductivity and heat dissipation in an ultra-lightweight and pliable material. By leveraging its proprietary cooling solutions that have been developed through longstanding partnerships with NASA, the Jet Propulsion Lab and others, their products and services make E-Mobility products and other products safer and more stable. KULR Technology Group management believes that the E-Mobility industry has created and will create significant new opportunities for the application of its technology and know-how. These new opportunities will be further driven by certain changing preferences observed in younger generations that must increasingly cope with higher population density, global warming, and the rapidly evolving communications and computing needs of their personal devices and the surrounding infrastructure. As a result, the Company predicts that the younger generations will increasingly prefer to attend meetings by video conference; rent a car, bike, or scooter, or call an app-based car service instead of owning a vehicle; and leverage the Cloud to perform tasks traditionally done in person, such as shopping for lunch, clothes, electronics and other consumer goods that also leverages an expanding E-Mobility delivery network. In addition to evolving demands led by consumer-preferences, the Company has observed trending manufacturer-led opportunities in industries that have become increasingly more reliant on the Cloud, on portability and on high-demand processing power. For example, car manufacturers are increasingly providing options that take over the responsibility for driving, diagnosing its own service requirements and analyzing on-board systems data and efficiency. The communications and entertainment industries are leveraging increasingly more powerful and portable devices to deliver live and high-definition content and experiences. These innovations will require high bandwidth communication devices that can handle the power drain and computational requirements to keep up with the sophisticated security and software tools that will power these advanced product offerings. As a result of these manufacturer and consumer trends, the Company believes that the new generations of high-powered, small form-factor semiconductors are outpacing the development in lithium ion batteries. The above-described advances in micro technology, portable power, and compact energy efficient devices linked to an ever-widening Internet of Things (“IoT”) via the Cloud are driving opportunities that forms the focus of the Company’s business development plan. KULR Technology Group believe that its core technology and historical development focus on improving lithium-ion battery performance and safety, positions it in a competitively advantageous position to enhance key components to the evolving mobile applications for a wide range of consumer products and IoT. As chip performance increases, power consumption increases, and more heat is generated as a byproduct. When chip size reduces, there is an increased potential for a hot spot on the chip, which can degrade system performance, or even cause spontaneous combustion. However, electronic system components mustoperate within a specific temperature range on both the high and low end to operate properly. After strenuous testing, the Company believes it has developed heat management solutions that significantly improve upon traditional heat storage and dissipation solutions and that improve upon their rigidity and durability. The Company believes that traditional solutions are not equipped to handle the evolving marketplace. However, through a combination of custom design services and provision of proprietary hardware solutions, its products reduce manufacturing complexity and provide a lighter weight solution than traditional thermal management materials and can meet the heat management demands of components and batteries being designed into the newest mobile technologies and applications. The management’s growth strategy has put particular focus on targeting E-Mobility applications for its core technology as they believe that they are well-positioned to provide a broad range of E-mobility solutions, and intend to expand business through internal growth and acquisition. In the case of acquisitions, the Company seeks to acquire businesses in related markets that are synergistic to its existing operations, technologies, and management experience. This focus will highlight markets in which they can: (1) integrate existing technology into the acquiree’s product offerings or simultaneously offer its products and services through the acquiree’s customer base and channels; (2) gain a leading market position and provide vertically integrated services where it can secure economies of scale, premium market positioning, and operational synergies; and/or (3) establish a leading position in selected markets and channels of the acquiree through a joint broad-based, hi-tech, E-Mobility branding campaign. KULR Technology Group has developed an acquisition discipline based on a set of financial, market and management criteria to evaluate opportunities. If it were to successfully close an acquisition, it would seek to integrate it while minimizing disruption to existing operations and those of the acquired business, while exploiting the technical and managerial synergies from integration. https://www.sec.gov/Archives/edgar/data/1662684/000114420419017012/tv516626_10k.htm
KULR Technology Group's (KUTG) business is to utilize space technology that was co-developed with NASA used to cool electronics (chips) and batteries (lithium-ion). Although it's technology has broad applications within the world of electronics, KUTG has recently honed its focus towards acquisition of E-Mobility (electric transportation) and aerospace customers. Visit recently updated website KULR Technology for more information. Some notable news about their tech: Wall Street Journal: NASA's Work to Head Off Battery Blazes in Space Finds Uses on Earth Cheddar TV (video): Protecting Batteries from Electric Cars to NASA Space Shuttles Forbes: A Rocket Science Solution To Lithium-Ion Battery Fires The Company intends to uplist to the NYSE or NASDAQ this year but needs to meet minimum uplisting requirements including fulfilling minimum pre-tax income, # shareholders, shareholder equity. Recently, KUTG announced acquisition of Japanese telematics company TECHTOM, which will be synergistic (software/hardware) making the Company more competitive as it makes efforts to capture market share in the E-Mobility space. TECHTOM did about $2.35 million in revenue (fiscal year ended 4/30/18), while KUTG did $1.27 million (fiscal year ended 12/31/18). Each standalone entity is projected to experience substantial growth FY2019 (i.e. TECHTOM projected $4.5 to $5 million in revenue). More information about KULR Technology Group including information about their technology, archived news and press releases, management team bios, and SEC filings can be found at www.kulrtechnology.com.
An important Message from quantum (board manager) to Followers: Thank you for taking the time to follow this board. I feel it’s my duty to disclose to you that my family has invested in KUTG (KULR Technology Group) and are shareholders of the Company. I am also acting as a paid consultant for the Company and have been compensated in KUTG shares. I have extensively researched KULR Technology and believe its exceptional thermal management solutions have palpable potential to displace traditional products serving today’s electronics and battery storage markets. KULR Technology has an extraordinary management team along with talented, hard working employees (engineers) and its solutions hold certain key advantages over the competition. All questions, comments and opinions about KUTG whether bullish or bearish are welcome on this board as its purpose is to generate thoughtful dialogue about the Company. KUTG is a newly listed OTC company and although this community is currently very small, with time I envision this board will grow and serve to be a beneficial resource for discussion, opinion, and news for all involved. I am not a licensed financial professional and do not recommend you buy or sell KUTG without first doing your own due diligence. 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. From a business standpoint, micro-cap companies tend to lack in resources and often struggle to commercialize their products or services in a meaningful way. However, a growing company with a good business model and sound business practices (i.e. transparency, solid operational procedures, astute strategic planning, etc.) is capable of overcoming these challenges, which can translate into creating shareholder value over time. Stay tuned… Best wishes, Tom (quantum)
Life, death, and spontaneous combustion — here's why the debate about Tesla fires just got more fierce https://www.businessinsider.com/why-tesla-cars-catch-on-fire-2019-4
KUTG 10-Q (Q1 2019) is out: https://www.sec.gov/Archives/edgar/data/1662684/000114420419026023/tv520650_10q.htm For 3 months ended March 31, 2019 KUTG generated $194,952 in revenue for a gross profit of $133,435 (Gross margin: 68%). Total Operating Expenses of $698,683 or loss from operations of $565,248. Some Key Takeaways from 10-Q: 1) By leveraging our proprietary cooling solutions and that have been developed through longstanding partnerships with NASA, the Jet Propulsion Lab and others, our products and services make E-Mobility products and other products safer and more stable. Our management believes that the E-Mobility industry has created and will create significant new opportunities for the application of our technology and know-how. 2) After strenuous testing, we believe we have developed heat management solutions that significantly improve upon traditional heat storage and dissipation solutions and that improve upon their rigidity and durability. We also believe that the traditional solutions are not equipped to handle the evolving marketplace. However, through a combination of custom design services and provision of proprietary hardware solutions, our products reduce manufacturing complexity and provide a lighter weight solution than traditional thermal management materials and, we believe, can meet the heat management demands of components and batteries being designed into the newest mobile technologies and applications. 3) Our customers and prospective customers are large organizations with multiple levels of management, controls/procedures, and contract evaluation/authorization. Furthermore, our solutions are new and do not necessarily fit into pre-existing patterns of purchase commitment. Accordingly, the business activity cycle between expression of initial customer interest to shipping, acceptance and billing can be lengthy, unpredictable and lumpy, which can influence the timing, consistency and reporting of sales growth.
Company Presentation (June 2019) out today and can be found here: https://kulrtechnology.com/2019/06/07/kulr-technology-group-company-presentation-june-2019/
