|Since our initial coverage on October 4th, 2022 KULR Technology Group’s stock has performed well and released some great news. Following a recent pull back, the stock has now come back on our radar.
KULR Technology Begins Phase 2 Battery Safety Testing for Lockheed Martin
KULR Technology Partners with Gamma Technologies
- KULR to Integrate Gamma Technologies’ GT-SUITE Multi-Scale Multi-Physics Simulation Platform into the Company’s Holistic Suite of Products and Services
- Enhancement Allows KULR’s Engineering Team to Create Next Generation Battery Designs for the eVTOL and EV Markets
Good morning everyone and welcome to all of our new trading group members,
Our trading group has been growing at an exponential pace recently, following several back-to-back winners throughout October. So, let’s keep the momentum going.
KULR Technology Group Inc. (NYSE American: KULR) develops, manufactures, and licenses carbon fiber thermal management technologies for batteries and electronic systems. KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and much safer.
As seen in recent news following hurricane Ian salt water can also wreak havoc on electric vehicle batteries causing fires that are very difficult to extinguish. I am sure you all remember the overheating in Li-On batteries in some Samsung phone models as well. KULR has the solution, The DoD, Lockheed Martin and NASA agree.
Current price $1.77/share (as of market close 11-2-22)
KULR had a good October beginning with our alert at $1.33/share on the 4th and closing on the 31st at $2.05/share. Through the month of October KULR shares had a high of $2.22/share representing 67% in bookable gains peak to trough.
KULR looks like a great value here, and I consider it a potential pre-catalyst opportunity. I say that because KULR has several industries, including EV manufacturers that may adopt their tech soon. there is a transformation taking place at the company and an accelerated pace that catalysts are lining up.
KULR has lined up customers with deep pockets like NASA, Lockheed Martin, and the DoD
KULR has transformed itself into a world class player in the electrical management sector. Look below and grasp the changes happening at KURL right now. Innovative technologies, acquisition and partnerships, new client programs and orders, high-level staff coming on board and multi-billion-dollar addressable markets.
KULR just announced the appointment of Dr. William Walker, Ph.D. as the new Chief Technology Officer. Walker will also spearhead the continued evolution of KULR’s battery safety platform and the suite of battery testing services with the Company’s Fractional Thermal Runaway Calorimeter
Prior to joining KULR, Dr. Walker was employed by NASA’s Johnson Space Center where he co-invented their patented FTRC technology. While at NASA, he supported the design of lithium-ion batteries and their associated thermal management systems for human spaceflight applications.
In a recently announced partnership with Gamma Technologies to integrate their GT-SUITE multi-scale, multi-physics analysis platform into KULR’S products and services.GT-SUITE’s simulation capabilities enable engineering teams to create highly optimized, next generation battery designs for the eVTOL (electric vertical take-off and landing aircraft) and EV Markets.
KULR will utilize GT’s electrochemical simulation solution, GT-AutoLion3D, on the GT-SUITE platform. The integrated solution will be used to deliver cell and pack-level aging and cycling models. The integration of the GT-SUITE platform allows KULR to ensure its customers have access to state-of-the-art solutions.
“Analysis has always been the backbone of design improvement,” said William Walker, KULR’s director of engineering. “However, moving away from single physics models and into the realm of multi-physics models allows for endless possibilities when it comes to design improvement and product performance enhancement. KULR is excited to expand our capabilities with Gamma Technologies’ industry-leading simulation platform.”
A week ago, KULR discussed its Phase 2 development of its passive propagation resistant (PPR) battery 0systems for the Lockheed Martin Corporation utilizing KULR’s recently implemented bomb calorimeter and leveraging the Company’s technological advancements in PPR energy products for its Advanced Energy Systems.
A bomb calorimeter measures the total heat generated in a particular reaction. Data gathered with KULR’s bomb calorimeter can be used in combination with additional information collected from running experiments in the company’s FTRC, licensed from NASA (and co-invented by KURL’s new CTO).
On October 20th KULR announced receipt of a production prototype order for KULR SafeCase, a reusable, safe, and high-energy battery transportation and storage solution, from a top-tier power tool manufacturer.
This specific power-tool manufacturer is a leader in sustainability and safety within the industrial tool and household hardware sectors, and an active participant in many initiatives around lithium-ion battery safety, transportation, education, and recycling.
KULR is the only company in the world with a product approved by the DoT for storage and transport of lithium-ion batteries that can manage up to a capacity of 2.5 kWh.
At the end of our coverage a month ago, I mentioned that KULR acquired VibeTech, a company engaged in the measurement and reduction of vibrations in hundreds of applications, including aviation, transportation, renewable energy (wind), manufacturing, industrial, performance racing and autonomous aerial (drone) applications.
The Vibe acquisition gives KULR a suite of products and services to approach their customers with and there’s a lot of crossovers in clients for both companies. The new partnership with Gamma broadens the appeal of KULR to those same customers with next gen technology.
Any one of the potential catalysts above would be enough to get excited about a company’s prospects, but when taken in their totality it generates, for me, a WOW moment.
According to Verified Market Research, the Thermal Management Market size was valued at $11.2B in 2021 and is projected to grow at a CAGR of 8.6% from 2022 onwards till 2030.
According to Fact.MR, an insights-driven global market intelligence company, the global vibration motor market is estimated at $6.5 Billion in 2022 and is forecast to reach $24.1 Billion by 2032, growing at a CAGR of 14.1% during 2022-2032.
FYE is December 31, MRQ is June 30, 2022
Outstanding shares 107M
Shares in float 67M
Cash (mrq) $12.9M
Revenues (ttm) $2.15M and Growing
Insider ownership 36%
Market cap $203M
I’ll be back with more updates on KULR very soon,
The Traders News Group
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