KUTG - KULR Technology

Discussion in 'Penny Stocks' started by quantum, Jul 4, 2018.

  1. quantum

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    Incomplete List of Articles Related to Battery Overheating and Fires in 2019

    Do you recall the infamous Samsung Galaxy Note 7 recall in 2016 as a result of a rash of battery fires? Lithium-ion battery overheating and resulting fires continues to be an issue in 2019:

    Lyft halts San Francisco e-bike program after bicycles catch fire
    The Guardian, July 31, 2019

    Hyundai Kona EV exploded in a garage, blowing the door off
    Electrek, July 27, 2019

    Dockless Lime bike catches fire, injuring cyclist
    Curbed, July 25, 2019

    Tesla Model S Shanghai Fire, Range, and Charge Issues Seem Connected
    Inside EVs, July 20, 2019

    Man said vape pen exploded ‘like a rocket’, left him with severe leg burns
    Fox News, July 19, 2019

    Burning battery pack forces emergency landing of Virgin flight
    The Verge, July 5, 2019

    Tesla vehicle fire in Shanghai caused by single battery module
    TechCrunch, June 28, 2019

    Vape pen explosion, shattering teen’s jaw amid rising concerns over batteries
    NBC News, June 22, 2019

    Apple recalls older 15-inch MacBook Pros because the batteries could catch fire
    The Verge, June 20, 2019

    China’s ordering safety checks after a series of electric car fires
    Quartz, June 18, 2019

    This New York-listed Chinese electric carmaker’s flagship vehicle keeps catching fire
    Quartz, June 17, 2019

    Tesla vehicle caught on fire while plugged in at Supercharger station
    Electrek, June 1, 2019

    Electric scooter battery explodes while charging in a Shanghai apartment
    MSN, May 28, 2019

    Auto analysts worry Tesla fires could dampen electric car sales as industry ramps up EV production
    CNBC, May 19, 2019

    Another parked Tesla Model S burst into flames
    Quartz, May 13, 2019

    A Tesla Model S caught fire in a garage in San Francisco
    Business Insider, May 3, 2019

    Life, death, and spontaneous combustion – here’s why the debate about Tesla fires just got more fierce
    Business Insider, April 26, 2019

    Tesla investigates viral video of Model S exploding in parking lot
    NBC News, April 22, 2019

    Exploding vape pen kills a Texas man
    CNN, February 5, 2019


    KULR Technology (OTCQB: KULR) offers a solution for cooler, lighter, safer battery packs with it's HYDRA Thermal Runaway Shield (TRS). To learn more visit www.kulrtechnology.com.

    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.

    **Disclosure:**This information does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. My family has invested in KULR and I am personally acting as a consultant for KULR and have been compensated in shares for that role. I have done extensive research on the Company and personally believe it has exceptional thermal management technology, management team, and real potential to displace conventional thermal management solutions in the marketplace. That said, I am not a licensed financial professional and do not recommend you buy or sell KULR. 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

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    KULR Technology has made some forward looking statements in their recently announced Q2 2019 earnings and today's Leidos/NASA "TRS" battery storage announcement.

    In the Q2 2019 earnings announcement, the Company stated it has engaged more than 25 world-class companies at various stages of testing and development (also stated in July 2019 Company presentation) and anticipates 2019 to be a "breakout year" converting developmental partnerships into volume production customers.

    Today's Leidos partnership announcement has KULR stating that it is "rapidly transitioning TRS and other proprietary technologies into mass market commercialization" and that the Company is working closely with regulatory agencies and private sector to provide a better way to store and ship lithium ion batteries and products containing them.

    Let's see if the Company can deliver on these statements.
     
  8. quantum

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    Leidos, KULR Technology Ink Deal, Thermal Runaway in Focus (Source: Zacks Equity Research)

    Leidos Holdings, Inc. (LDOS - Free Report) has recently collaborated with KULR Technology Group to supply National Aeronautics and Space Administration (NASA) with Thermal Runaway Shield (TRS) storage solution. The TRS solution will be utilized to store laptop lithium-ion batteries on the International Space Station (ISS).

    Notably, this is part of NASA’s $159 million contract for procuring multiple technology innovations, which Leidos Holdings recently won. As part of this agreement, Leidos Holdings will utilize KULR Technology’s cost-effective TRS solution to improve cargo planning, processes and packing capabilities for the ISS.

    Significance of Thermal Runaway Shield

    Over heated, over charged or damaged lithium ion batteries can transit into a thermal runaway reaction with further heat and gas release. In certain cases when one lithium-ion cell in a pack catches on fire and it spreads through the entire pack, which is when a thermal runaway propagation occurs. Lithium ion batteries are widely used by NASA in varied items ranging from space suit to space vehicles. In fact, NASA was one of the earliest proponents of such battery use in space, due to smaller batteries and long-life expectancy. Moreover, these batteries have better energy density, often more than two times greater than other battery chemistries.
    However, at high temperatures the cells of these batteries become thermally unstable leading to events like thermal runaway. Sadly, even the possibility of a single-cell thermal runaway is a matter of concern, since if it occurs all batteries in package will be destroyed owing to domino effect, causing thermal runaway propagation. Consequently, NASA aspires to prevent any event of thermal runaway, which can be catastrophic for space vehicles.

    This is where the thermal runaway shield comes in handy, as it minimizes the chances of an explosion and other risks associated with thermal runaway in lithium-ion batteries. The shield contains vertically-aligned carbon fiber material, which prevents thermal runaway of lithium-ion batteries in extremely demanding spaces with minimal contact pressure.

    Benefits of the Collaboration

    KULR Technology's patented TRS is well known for its capabilities to prevent thermal runaway propagation, which has been a serious concern for aerospace and defense customers, and electric vehicle manufacturers. Its unique combination and configuration of the shield passively draws intense heat of cell failures away from nearby cell, which helps to keep lithium ion batteries cooler and safer.
    With increased use of lithium ion batteries by NASA over time, the demand for TRS will also rise. As the U.S. administration strongly focuses on strengthening the nation’s space research and development, Leidos Holdings’ latest partnership with KULR Technology paves the way for improving the efficiency of thermal management solutions. This in turn will allow the company to acquire more contracts from NASA, which has been allotted a spending provision of $21 billion for fiscal 2020, by the U.S. government — strongest on record budget for the agency.

    Price Movement
    Leidos Holdings’ stock has improved 26.3% in the last one year, compared with the industry’s growth of 10.9%.

    Source: https://www.zacks.com/stock/news/503202/leidos-kulr-technology-ink-deal-thermal-runaway-in-focus

    OTCQB: KULR
     
  9. quantum

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    Surviving crew member thought phone charging station might have sparked boat fire (Source: LA Times)

    By HANNAH FRY, KIM CHRISTENSEN, SUSANNE RUST, COLLEEN SHALBY

    SEP. 5, 2019 3 AM

    One of the crew members aboard the dive boat Conception hadn’t been asleep long when a noise jolted him awake.

    He swung open the door of the wheelhouse — the top level of the 75-foot boat, located just above the galley — and was greeted by flames.

    As the fire raged in the predawn hours of Labor Day, the vessel’s captain made a frantic mayday call to the Coast Guard. Then he and four crew members jumped from the wheelhouse and climbed into a dinghy to get help from the Grape Escape, a fishing boat anchored nearby off Santa Cruz Island.

    Once aboard, the crew member who had been jolted awake shook as he recounted the horrific story to Grape Escape owner Shirley Hansen. His theory, Hansen said, was that the fire started in the galley, where cellphones and cameras had been plugged in to charge overnight.

    “The impression I got was that the fire was already too big to do anything,” Hansen said in an interview Wednesday.

    The cause of the fire, which killed 34 people, is now the subject of an intensive investigation by the National Transportation Safety Board, the U.S. Coast Guard and other federal and county agencies. Investigators are trying to determine where and how it started.

    The concern about the charging station in the galley is one possibility.

    Roy Hauser, who designed the Conception and commissioned its construction in 1981, suggested another. He said he thinks, based in part on footage he viewed of the wood-hulled boat being ravaged by fire, that the blaze started in the bunk area and spread so rapidly that the 34 people there could not get out.

    “This had to have been, in my estimation, one of those lithium battery chargers,” Hauser told The Times. “This happened in the belly of the boat. Those people did not have a chance to get out: From stem to stern, that boat was burning.”

    The Conception was one of three dive boats operated out of Santa Barbara Harbor by Truth Aquatics Inc., a long-established operation founded by Hauser in 1974 and now owned by Glen Fritzler.

    Lack of escape routes in boat fire becomes focus as investigation intensifies

    The diesel-powered boat had three decks: the wheelhouse on top, the main dive deck in the middle and the bunk room on the bottom.

    The sleeping area had 20 single bunks and 13 doubles, some stacked three high, records show. When fire consumed the boat, the bunks were occupied by 33 passengers and one crew member.

    For those in the bunk room, there were two exits. At the bow end of the room was a staircase that led up to the galley area. Toward the stern, an escape hatch located above one of the bunks led to a mess area next to the galley — and just a few feet from the large, open main deck.

    Officials said Tuesday that both exits from the bunk area were blocked by fire. Hauser said passengers should not have been impeded by flames — if they had been able to get to the escape hatch from the bunk room.

    “When you come out of the escape hatch you look straight out to the main deck — you’re within 3 or 4 feet of the main deck. All you have to do is lurch forward,” Hauser said. “I don’t think those people ever had a chance to get out of their bunks.”

    Boat fires often start in engine compartments, where fuel ignition sources can combine. Other such fires have been traced to electrical sources, such as wiring harnesses or batteries, or to external causes such as fires in marinas or storage facilities.

    Hauser said the rapid spread of fire caused by a lithium battery could explain why no one got out.

    The Federal Aviation Administration prohibits airline passengers from stowing devices containing lithium batteries — such as those in cellphones, laptops and cameras — in checked luggage unless they are turned off and protected from damage. As of Aug. 1, the FAA had recorded 265 air or airport incidents involving lithium batteries in cargo or baggage.

    The U.S. Navy and others in the dive industry also have expressed concerns about lithium batteries, which in various sizes are used to power everything from automobiles to hoverboards. They also power smaller devices, such as cellphones and camera equipment, that can be carried aboard boats.

    “Lithium cells and batteries offer many advantages compared to other power sources,” U.S. Navy guidelines state. “However, they are high-energy devices and shall be considered hazardous at all times. “

    Mike Strong, a Phoenix-area PADI master dive instructor, said, “We’ve all seen these batteries go,” alluding to reports of cellphones, e-cigarettes and lithium car batteries catching fire.

    “They’re a major safety issue,” he said, noting that he charges his batteries in a fireproof container.

    And yet, on some boats, people have their camera and dive equipment charging at outlets in bunk rooms, in the galley or in the salon, he said.

    “Most dive boats now require you to charge them externally on the deck,” Strong said. “There are fewer combustibles out there and more firefighting equipment.”

    Dale Sheckler, a longtime diver who’s been on the Conception roughly 100 times, said there was a main charging station in the galley. A number of AC power outlets — the power strips one might have at home — are available for charging cellphones, batteries for strobes, underwater lighting and laptops.

    The main charging station would be “directly above the bunk bed areas,” he said.

    There are conflicting account about whether power outlets were available in the sleeping quarters. Sheckler said he thought there were some there and in the restroom area. But he recalls the galley area as the main charging station.

    “You can plug in overnight,” he said. “Sometimes with a lot of people on board, there’d be competition for space.”

    Gerry Lazzareschi, a physician who’s led seven trips on the Conception over the past 20 years, said power outlets were located every few feet along a ledge that lined the galley. He did not recall outlets in the sleeping quarters.

    “There were never any wires haphazardly hanging out,” Lazzareschi said of the outlets. “It was all very well appointed.”

    Hauser, the boat’s designer, said there were electrical outlets in the bunk room, where he fears the blaze started and spread rapidly.

    Long since retired, Hauser, 75, said he has not yet spoken with Fritzler, his former partner and Truth Aquatics’ current owner, and has no inside information on the fire. But even though he has been out of the business for years, Hauser said, he is distraught by the Labor Day catastrophe on the Conception.

    “I’m devastated,” Hauser said. “My God, we did this so people could go out and have fun and dive — not die. Especially in that magnitude. It’s unbelievable.”



    Times staff writer Laura Newberry contributed to this report.

    Source: https://www.latimes.com/california/story/2019-09-05/what-caused-fire-aboard-the-conception?
     
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