Traders News Source Senior Editor, Mark Roberts Interviews Mr. Michael Mo CEO, KULR Technology Group, Inc. (NYSE American: KULR)
Mr. Michael Mo, Co-Founder, Chairman, CEO & President
Mr. Mo is a technology entrepreneur and successful investor with over 20 years of experience in technology management, product development, and marketing. From 2007 to 2015, Mr. Mo served as Senior Director of Business Development at Amlogic, Inc. Prior to Amlogic, he was co-founder and CEO of Sympeer Technology, a peer-to-peer network company. Mr. Mo received a Master’s degree in Electrical Engineering from UC Santa Barbara in 1995.
Thank you for giving us your time to answer a few questions.
Full Interview
Could you give us a brief overview your company, its segments, and its revenue streams?
KULR Technology Group Inc. (NYSE American: 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.
We are continuing to invest and focus on our core growth segments in energy storage, e-mobility and safe transportation of lithium-ion batteries within the full battery management lifecycle. As we further commercialize these areas, we will leverage our innovative R&D capabilities and products and also reference our partnerships in aerospace, defense, government and regulatory sectors.
What is your perspective on growth of the thermal management and battery transport markets you are in, now and through 2023?
We believe it to be quite robust. According to Verified Market Research, the Thermal Management Market size was valued at USD 11.2 Billion in 2021 and is projected to grow at a CAGR of 8.6% from 2022 onwards till 2030.
Can you tell us who some of your best/largest customers are?
At the moment our biggest customers are government and space customers such as Lockheed Martin and NASA, and lithium-ion battery recycler Retriev Technologies (now Cirba Solutions). Cirba, through its sister companies, maintains access to over 100,000 customer locations, 2,500 employees, and a fleet of over 1,300 power units and 108 facility locations across North America. We are proud to provide our space-proven thermal solutions to Cirba and their customers, with the aligned goal of helping provide a safer and cleaner environment for everyone.
Our best customers are companies such as stationary energy storage and e-mobility clients who are engaged with us in recurring revenue type projects.
Can you give any updates and particulars on the drone development project?
In August 2022 we secured 2 orders from a Fortune 20 e-commerce and cloud computing firm for its lithium-ion battery powered commercial drone delivery fleet. The first order was for the proof of concept of KULR’s design and the second was a follow-on order for prototype, field testing and certification trials. Pre-production is slated for 2023, with full ramp-up expected to start in H2 2024.
How would you describe the KULR IP portfolio and how long your most critical patents are protected?
We take multi-proned approach to our IP portofolio: internal development and licensing from others. We have developed a lot of IP and knowhow around own battery safety technology around TRS and SafeCase products. We have a few patents granted and many more pending. Our most important patents are covered until 2035. We also acquire and license patents from the likes of NASA and DOE to compliment our portfolio. ISC is a perfect example of this. We are the exclusive licensee of it from NASA/DOE and we have been commercializing that since 2018. Now we have over 40 customers using this product to test their battery safety and it’s been adopted into a few UL certifications. It’s a good successful case study on how to commercialize a NASA patent and make it part of our a platform and ecosystem.
What can you tell us about the fully automated battery testing program for NASA and DoD and when will that begin?
We commenced installation of the fully automated battery testing program with initial processing capability of approximately 500,000 18650/21700 lithium-ion cells annually in support of NASA’s manned flight specification EP-WI-037. System installation will conclude in Q3 2022 with full capability processing beginning in Q4 2022. Screened cell capacity will be allocated to NASA and United States Department of Defense (“DoD”) battery cell deployments as well as internal requirements related to KULR’s qualified commercial cell deployments.
What new products/technologies might KULR be developing that our readers would be interested in?
As a total battery safety platform solution provider, we will incorporate our core thermal technologies into battery pack design, testing and production to create the safest batteries for high value applications. KULR is currently at a key inflection point as we position our thermal safety solutions platform to become better entrenched in the marketplace, ultimately providing us with an opportunity to optimize logistics and to more effectively capture full value for our shareholders. We’re extremely excited on our prospects for the rest of the year and beyond.
What catalyst at KULR could be the biggest benefit to shareholders in the near-term? Confirmation of revenue ramp?
One major boon for domestic battery pack solution suppliers such as KULR going into 2023 is the passing of the Inflation Reduction Act (IRA). The legislation includes US$369 billion of measures to advance the country’s clean energy progress, with the standout from an energy storage perspective being the inclusion of an investment tax credit (ITC) for standalone energy storage (ESS) projects. This will usher in years and years worth of ESS projects domestically. ESS is fertile ground for us as we scale our space-grade thermal management solutions for stationary and mobile energy storage applications.
Thank you,
The Traders News Team
Privacy Policy and Disclaimer
Your Consent
By using our site, you consent to our online privacy policy and disclaimer.
Do we disclose any information to outside parties?
We do not sell your information to anyone.
What information do we collect?
We collect information from you when you subscribe to our newsletter or fill out a form on one of our social platforms. This includes your email address and or mobile phone number.
When registering on our site, as appropriate, you may be asked to enter your: e-mail address and or mobile number.
What do we use your information for?
When we collect your email or mobile number it is used for one purpose to send you the information you requested about small cap stocks. Please read our disclaimer carefully before viewing our emails.
Your information, whether public or private, will not be sold, exchanged, transferred, or given to any other company for any reason whatsoever, other than for the express purpose of delivering the information on small cap stocks that you requested.
We send periodic emails.
The email address you provide may be used to send you information, the small cap stock reports you requested, respond to inquiries, and/or other requests or questions.
How do we protect your information?
We implement a variety of security measures to maintain the safety of your personal information when you enter, submit, your email address. We use secure third parties to send email and sms messages to you.
Because we value your privacy we have taken the necessary precautions to be in compliance with the California Online Privacy Protection Act.
Online Privacy Policy Policy
This online privacy policy applies to information collected through our website and social media platforms.
Contacting Us
If there are any questions regarding this privacy policy or disclaimer you may contact us using the information below.
Editor@TradersNewsSource.com
Traders News Source is a wholly owned subsidiary of Traders News Source LLC, herein referred to as TNS LLC.
Our reports/releases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The disclaimer is to be read and fully understood before using our services, joining our site or our email/blog list as well as any social networking platforms we may use.
Please Note: TNS LLC and its employees are not a registered investment advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever.
Release of Liability: Through use of this website viewing or using you agree to hold TNS LLC, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. TNS LLC encourages readers and investors to supplement the information in these reports with independent research and other professional advice.
All information on featured companies is provided by the companies profiled, or is available from public sources and TNS LLC makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. None of the materials or advertisements herein constitute offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based upon the information provide herein. Instead TNS LLC strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D.
TNS LLC is compliant with the Can Spam Act of 2003. TNS LLC does not offer such advice or analysis, and TNS LLC further urges you to consult your own independent tax, business, financial and investment advisors. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled.
The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results.
In preparing this publication, TNS LLC has relied upon information supplied by its customers, publicly available information and press releases which it believes to be reliable; however, such reliability cannot be guaranteed. Investors should not rely on the information contained in this website. Rather, investors should use the information contained in this website as a starting point for doing additional independent research on the featured companies. The owners and operators of this website have been compensated up to twenty five thousand dollars cash via bank wire by shore thing media for this weeks distributed opinions on kulr. The advertisements in this website are believed to be reliable, however, TNS LLC and its owners, affiliates, subsidiaries, officers, directors, representatives and agents disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of materials facts from such advertisement.
TNS LLC is not responsible for any claims made by the companies advertised herein, nor is TNS LLC responsible for any other promotional firm, its program or its structure.
TNS LLC is not affiliated with any exchange, electronic quotation system, the Securities Exchange Commission or FINRA. TNS LLC is not a Broker/Dealer and does not engage in high frequency trading.
