| KULR Technology (KULR) is Growing with Its Mission-Critical Li-On Battery Technology in Hot Demand
Mars Rover, International Space Station and Air to Air Missiles Use KULR Technology
Good day everyone,
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 safer.
Current price $1.37/share (as of market close 10-5-22)
KULR shares gained a modest 2.24% in the Tuesday session. The company shares gained steadily to $1.419/share in the afternoon and stayed there until the last two minutes of trading. In afterhours KULR shares were back at $1.41.
Uplisting to the NYSE American exchange last year was a big step for KULR. The battery thermal management market is dominated by large public companies like Bosch, Dana, and Valeo but those companies have their focus on the EV sector. When it comes to companies that scale with KULR, a lot are still private companies.
KULR customers such as Lockheed, NASA, and the U.S. DoD prefer to deal with public companies as they have a greater level of transparency. While the big public companies in the thermal management space are chasing EV business, when it comes to mission-critical applications customers are choosing KULR’s technology.
I want to take a closer look at the KULR product line.
Cell Check – next generation battery safety technology for e-mobility, energy storage and fleet applications. It captures real time and lifetime battery intelligence, sensing adverse electrical, environmental, and physical events to analyze and control for maximum battery safety, reliability, and performance. CellCheck Intelligence delivers “Battery Safety AI.” It’s built-on Data Driven Edge Analytics to deliver immediate assessments to the user regarding hazards and risks, degradation of reliability and safety resulting from daily real-world use or abuse of volatile energy dense batteries.
Safe Case – utilized to mitigate Thermal Runaway providing for safe and sustainable storage and transportation of Lithium-Ion Cells and Battery Packs up to 2.5KWh per Case.
Thermal Capacitor – 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 even eliminating the need for active cooling.
Thermal Runway Shield – acts as a heat sink during normal lithium-ion battery pack operation but also prevents thermal runaway propagation, which is a critical concern for aerospace and defense customers and electric vehicle manufacturers.
Fiber Thermal Interface – high performance, flexible thermally conductive carbon-based fiber materials. Various interfaces exist between high power, heat generating components and heat sinks. Thermal management issues can come about through the minimal contact areas that arise between the two surfaces (interface) due to micro-scale surface roughness. This reduces heat conduction across the interface as air gaps have low thermal conductivity.
Internal Short Circuit – a device placed in a Lithium-ion cell (18650, 21700, and pouch cells) to intentionally short circuit the cell on demand. Triggering occurs when the cell is heated to between 40 and 60°C, which causes the cell to short circuit in a controlled environment. The cell’s structure is preserved prior to triggering and overall cell performance is not impacted by the ISC pad implementation.
Cathode – carbon fiber velvet cathodes generating powerful electron pulses via field emission. The cathodes can be customized for different applications including the generation of microwaves, x-rays, and laser radiation. They can be fabricated in a wide variety of physical configurations, ranging from simple planar and cylindrical forms to more complex lobed shapes. The device can be provided on a metallic or graphite substrate.
As the Li-On battery market grows, so will the need for battery thermal management and transport solutions (ever notice how hot your phone can get). I think we’ve all read stories about EV’s spontaneously combusting in a garage or driveway. KULR is not the biggest player in the market, yet, but when failure is not an option in battery thermal management customers prefer KULR.
The Traders News Group
Original report below
KULR Technology (KULR) Books Muti-Million Dollar Order from DoD Contractor with Product Deliveries Beginning Immediately
The Traders News Team is dedicated to getting you the winners in Q4 22.
Good morning everyone,
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 safer.
Current price $1.33/share (as of 10:00 a.m. EDT 10-5-22)
After closing the Tuesday session at $1.34/share, KULR shares gained early to $1.379. As the equities indices backed off from the rally of Monday and Tuesday, KULR shares followed to the current level. I expect both KULR and the equities market could rebound as the day progresses.
KULR announced it has received an initial deployment order totaling over $500,000 from a leading Department of Defense (DoD) contractor, with future considerations up to the multi-million-dollar amount over the next year.
KULR’s technology will be utilized by the American manufacturer of spacecraft components and instruments for national defense, civil, space, and commercial space applications to support its Air-to-Air Missile shipping program. This initial deployment order is for immediate delivery and could boost Q4 2022 revenues.
Stay tuned for our full report on KULR.
The Traders News Team
Original report below
KULR Technology (KULR) Makes Batteries Cooler but Their Stock Looks Like It’s Getting Hot
NASA, Lockheed Martin, and the DoD are all using KULR products.
Good day and welcome to all of our new members,
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 safer.
Current price $1.33/share
KULR is a growing company with products in a sector with an 8.6% CAGR and several catalysts are lining up to drive the company’s value. The company shares are hitting lows like many stocks. Given the amount of potential near-term catalysts KULR is looking attractive.
Recent prices for KULR shares:
August 16th $1.90share
September 8th $1.65/share
September 28th $1.54/share
Revenues at KULR jumped from $620K in FYE 2020 to $2.4M in FYE 2021 increasing by a factor of 4.0X YoY.
KULR has a patented portfolio of products designed to keep lithium-ion (Li-On) batteries cooler and transportable and we will discuss them below. The growth in the use of Li-On batteries is growing at an explosive rate. Li-On batteries are the best bet for storing energy to operate the ever-expanding electronic world, but they do get hot. KULR has the expertise to control that heat and keep our electronic world safer.
KULR products are used in a variety of applications and can be found everywhere, even 128 million miles away. KULR products were selected by NASA as components in the Mars Perseverance Rover, and NASA said, “To date, NASA has not found a design solution with as much promise.” Closer to home, KULR products are also used in the International Space Station.
At the time the Perseverance Rover successfully landed on Mars, Stuart Varney of Fox News interviewed KULR CEO Michael Mo, and I wanted to provide you a link to that momentous occasion.
KULR has a lot of new developments and catalysts coming both near term and mid-term and I want to talk about them.
In news that broke just yesterday, KULR announced it has received an initial deployment order totaling over $500,000 from a leading Department of Defense (DoD) contractor, with future considerations up to the multi-million-dollar amount over the next year. KULR’s technology will be utilized by the American manufacturer of spacecraft components and instruments for national defense, civil, space, and commercial space applications to support its Air-to-Air Missile shipping program. This initial deployment order is for immediate delivery and could boost Q4 2022 revenues.
To my mind, a big near-term catalyst is the passing of the Inflation Reduction Act (IRA). The new legislation includes $369B of measures to advance the country’s clean energy progress, including an investment tax credit for standalone energy storage (ESS) projects. This legislation will result in several years’ worth of ESS projects. ESS is a big part of KULR’s business as they scale their space-grade thermal management solutions for stationary and mobile energy storage applications. A lot of companies will want to engage KULR in ESS projects to earn that tax credit.
One week ago, KULR received an order from a leading Fortune 500 commercial aviation company for its holistic suite of safe battery products and services. The aviation customer has enlisted KULR to provide its suite of battery design and safety solutions in the development of its new electric vertical takeoff and landing (eVTOL) aircraft. Though a longer-term development, it signals new markets for KULR.
In August, KULR secured two 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. This is also a longer term, albeit exciting development for the company.
KULR is implementing a 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 U.S. Department of Defense battery cell deployments as well as internal requirements related to KULR’s qualified commercial cell deployments. This battery testing program will likely develop near-term benefit for the company.
KULR has embarked on an aggressive conference campaign this month with company executives appearing at six different events to discuss their products and potential investment in the company. These conferences bring a greater level of exposure to the company and highlights their product line.
The potential catalysts mentioned above are major developments at KULR and having NASA and the DoD as customers is significant. KULR also has more noteworthy customers as well such as Lockheed Martin the global defense and aerospace contractor, and the huge lithium-ion battery recycler 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.
KULR products (we will discuss these in more detail in our full report to follow):
Cell Check – next generation battery safety technology for e-mobility, energy storage and fleet applications.
Safe Case – utilized to mitigate Thermal Runaway providing for safe and sustainable storage and transportation of Lithium-Ion Cells and Battery Packs up to 2.5KWh per Case.
Thermal Capacitor – a carbon fiber infused heat sink utilizing phase change materials (PCM) to absorb or provide heat.
Thermal Runway Shield – acts as a heat sink during normal lithium-ion battery pack operation but also prevents thermal runaway propagation, which is a critical concern for aerospace and defense customers and electric vehicle manufacturers.
Fiber Thermal Interface – high performance, flexible thermally conductive carbon-based fiber materials.
Internal Short Circuit – a device placed in a Lithium-ion cell (18650, 21700, and pouch cells) to intentionally short circuit the cell on demand.
Cathode – carbon fiber velvet cathodes generating powerful electron pulses via field emission.
These ancillary/safety products in the Li-On battery market make KULR an indispensable supplier to the users that demand the highest quality. You can see that just by looking at their client list.
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.
KULR statistics:
FYE is December 31, MRQ is June 30, 2022
Outstanding shares 107M
Shares in float 84M
Cash (mrq) $12.9M
Revenues (ttm) $2.15M
Insider ownership 36%
Market cap $142M
Stay tuned for more on KULR.
The Traders News Group |
