CNN has said that the scalability of the company’s business is huge…
The Wall Street Journal has called the company a STAR…
Introducing KULR Technology Group Inc. (OTC: KULR), the developer of a ground breaking cooling system for lithium-ion batteries used in phones, laptops, electric cars and even in outer space!
The Lithium-Ion Battery space is a multi-billion-dollar arena that the world heavily relies on for laptops, phones, electric vehicles and space technology.
What is not being talked about enough is that these innovative batteries are susceptible to overheating and can potentially burst into flames, putting assets and even human life at risk!
This is where San Diego-based KULR Technology Group enters the equation…
KULR has developed a revolutionary protective wrap for lithium-ion batteries that combats the risk of overheating and spreading fires.
This wrap is designed to CONTAIN the fire so it does not spread!
The sheer number of lithium batteries that are used across the globe represents
an enormous market for KULR, but can you imagine how important such a technology is for space?
The sheer number of lithium batteries that are used across the globe represents an enormous market for KULR, but can you imagine how important such a technology is for space?
NASA-JPL’s Perseverance Rover included KULR’s space-used Thermal Management Technology!
The company’s innovative carbon fiber thermal management solution was used on the NASA-JPL 2020 Mars mission as part of the Mars Rover.
Crucial thermal management was provided for vital components in the rover as part of the SHERLOC (Scanning Habitable Environment with Raman & Luminescence for Organics & Chemicals) equipment.
Make sure to watch this video where KULR president and COO Keith Cochran discusses with Fox 5 San Diego how the company’s technology on the Perseverance Rover is now being deployed in the world of auto racing and drones!
KULR was named the official thermal management and battery safety provider to electric SUV extreme racing team Andretti United Extreme E ahead of the inaugural all-electric SUV Off-Road Racing Series which took place this past April!
Reasons to Have KULR Technology Group, Inc. (OTC: KULR) on Your Radar:
- The company is trading on a public platform and is in the growth phase after years of investing into its unique technology! The company also has PLENTY of cash on hand having raised $8 million in gross proceeds from the sale of its common stock and warrants!
- KULR has become a pioneer in thermal (cooling) management technology with its carbon fiber thermal interface material. The material offers superior thermal conductivity and heat dissipation properties. It is ultra-lightweight and flexible in that it can fit most power or electronic configurations, and was designed for space exploration and defense applications where efficient cooling is paramount.
- In October 2020, the Consumer Product Safety Commission reported that KULR’s design solutions could stop fires and explosions in lithium-ion battery packs, and provides additional insights on the future of safe battery technology.
- According to GrandViewResearch, the global lithium-ion battery market size was valued at $32.9 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 13.0% from 2020 to 2027. This is a considerable market opportunity for KULR! (source: https://www.grandviewresearch.com/industry-analysis/lithium-ion-battery-market)
- Everyone is chasing after the holy grail of battery safety, but KULR may have the safest efficient material on the market!
- The company has been in a long-standing collaboration with NASA, which has said that to this date, a design solution with as much promise has NOT been found…
- The Mars Perseverance was not even KULR’s first project high-profile NASA mission. In 2017, the company designed a system to keep the components from freezing during NASA’s NICER mission which explored deep space neutron stars. The company also collaborated on a project to safely ship to and store laptop batteries aboard the International Space Station using KULR’s Thermal Runaway Shield (TRS) technology!
- KULR has more than 30 contracts with NASA and deals with the Department of Transportation, U.S. Air Force, and other government agencies in projects that are critical to the country’s national security interests!
- The company’s technology prevents battery explosions in the International Space Station! NASA picked the company’s Thermal Runaway Shield (TRS) because its proprietary carbon fiber technology handles heat better than anything else on the market.
- KULR is also working with some of the largest car companies in the electric vehicle (EV) revolution! The company has formed a partnership with Andretti Technologies (ATEC), is the official thermal management and battery safety provider to electric SUV extreme racing team Andretti United Extreme E, and is supplying products to the Drako GTE, one of the world’s fastest all-electric supercars!
- In 2020, KULR’s passive propagation resistant (PPR) packaging solution was chosen by Americase, which works with virtually every manufacturer of consumer electronics and is the world’s most widely used return packaging provider for damaged, defective, or recalled lithium batteries.
- Despite the tremendous potential that drones hold, their adoption rate is strongly affected by battery-related safety risks as well as technology issues such as energy densities of batteries and weight. KULR’s energy efficient battery pack platform incorporates an inherently safe and lighter battery with advanced chemistry and thermal management technology. For drone makers, that means a drone can fly farther and longer on a single charge!
- The company is also working with the Marshall Space Flight Center, evaluating a dual-use opportunity to integrate its technology into 3D-printed battery systems for manned and robotic space applications.
- Hypersonics are a top research-and-development priority for the Pentagon. A Congressional Research Services report in December 2020 shows that the Pentagon’s FY2021 budget request for all hypersonic-related research is $3.2 billion, up from $2.6 billion in the prior year’s request. KULR is adapting its technology to serve the needs of next-generation hypersonic weapons!
Continue Reading to See How KULR Technology Group Inc. (OTC: KULR) is Emerging as a Leading Provider of NASA-grade Electronics and Lithium-Ion Battery Safety Solutions!
Greetings Investors,
Over the last decade, a surge in lithium-ion battery production has led to a big decline in prices, making electric vehicles and energy storage commercially viable for the first time in history.
Lithium-ion batteries are popular because they have a number of important advantages over competing technologies.
The market is for these batteries is expected to hit a staggering $100 billion in just a few years, according to Allied Market Research (https://kulrtechnology.com/like-tesla-nikola-and-the-entire-ev-space-this-stock-is-kulr-mw/).
While lithium-ion is safe, with millions of consumers using these batteries, failures are bound to happen….
Most lithium-ion battery fires and explosions come down to a problem of short circuiting.
When this happens, the plastic separator fails and lets the anode and cathode touch. Once these two connect, the battery starts to overheat.
KULR Technology Group Inc. (OTC: KULR), a San Diego-based company that makes its products in the U.S., has found a solution to combatting these dangerous explosions!
This company is delivering industry-changing thermal management solutions to market.
KULR’s ion-battery safety technology was recently called “Mandatory” at Benzinga GSC Conference…
The company showed the devastating effects of NOT including its thermal management solutions into the more powerful current ion-battery design.
KULR Technology Group Inc. (OTC: KULR) has a narrative that reads like a Big Board story – it may be only a matter of time that the company explodes into the spotlight!
Make sure to watch CEO Michael Mo’s CNN interview that explains the company’s technology and its partnerships below:
Hurry and add the stock to your watch list!
San Diego-based 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 space missions and 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 consumers.
Whether it’s aboard a spaceship to Mars, an electric vehicle racing in the desert, or inside a smartphone, KULR’s technology is aimed to keep products cool and efficient so that the lithium-ion batteries or cells inside don’t overheat, catch fire, explode and cause a catastrophic fire or worse.
Company Products
VEGA INTERNAL SHORT CIRCUIT
Utilized in the design process of lithium-ion cells and battery packs to identify failure modes and safety issues.
HYDRA THERMAL RUNAWAY SHIELD
Used in battery packs, the HYDRA absorbs heat and shields cells from entering into thermal runaway propagation.
LYRA ISC TRIGGER CELL
A testing tool for battery packs, used to identify and study failure modes and safety issues that may arise.
URSA FIBER THERMAL INTERFACE
High performance, flexible, thermally conductive carbon fiber materials.
VEGA INTERNAL SHORT CIRCUIT
Utilized in the design process of lithium-ion cells and battery packs to identify failure modes and safety issues.
EFFICIENT THERMAL MANAGEMENT IS ESSENTIAL IN THE BATTERY SAFETY AND ELECTRONICS INDUSTRIES AS WELL AS OTHER SECTORS!
BATTERY TRANSPORTATION SOLUTIONS
Lithium batteries are regulated as hazardous material during transport; as such, the U.S. Department of Transportation requires lithium batteries to adhere to applicable regulatory requirements during transportation.
Whether shipping a single battery, a battery-powered device, or a load shipment of batteries, the safety of those handling a package along the way is of greatest importance.
5G COMMUNICATION & CLOUD COMPUTING
Demand for improved, cost-effective cooling solutions in the burgeoning 5G and the rapidly growing cloud computing industries is ever-increasing. KULR collaborates with some of the world’s top companies in 5G and cloud computing to develop solutions that maximize performance and safety.
KULR’s proprietary carbon fiber-based suite of thermal interface materials (FTI) offers advantages that collectively are unique and of great importance to the 5G and cloud computing industries. In particular:
- High bulk thermal conductivity
- Low interfacial resistance at relatively low contact pressures
- High electrical conductivity for electromagnetic shielding
- Exceptionally lightweight and compliant (form-fitting)
- Industrial-level reliability
- Highly customizable and cost-effective solutions
E-MOBILITY
One of the biggest challenges facing electric vehicle manufacturers is increasing battery energy capacity while maintaining the highest levels of battery safety in the event of a thermal runaway event.
Engineers are demanding more battery capacity to expand the range and power of existing platforms while adding new, power-demanding components for advances such as 5G data networks. These double demands will strain battery limits, increasing the risk for overheating and serious failures as well as generating heat in sensitive electronics (chip) architecture.
KULR’s passive propagation resistant (PPR) battery pack solutions mitigate those challenges by reducing weight and managing heat in the battery and electronics architecture as well as preventing catastrophic thermal runaway propagation.
ENERGY STORAGE
Inherent in the rise of battery portability will be a need for battery systems to effectively meet increased power and energy density requirements. Because of their energy density, higher voltage and negligible memory effects, lithium-ion batteries are the popular choice for a wide range of applications, especially in portable electronics. However, larger power demands and increasing cell density of lithium-ion battery packs result in higher operating temperatures, especially under peak loads. Although rare, news of exploding electronic devices due to thermal runaway in lithium-ion batteries is well documented and raises serious safety concerns.
lithium-ion battery cells with cobalt cathodes should never rise above 130°C (265°F). At 150°C (302°F), the cell becomes thermally unstable, causing a condition that can lead to thermal runaway in which flaming gases are vented. During thermal runaway, the high heat of the failing cell can propagate to adjacent cells causing them to become thermally unstable as well. To increase safety, packs are fitted with dividers to protect the failing cell from spreading to neighboring cells.
KULR’s HYDRA TRS is a cost-effective passive thermal management system to prevent lithium-ion battery thermal runaway propagation. It offers design simplicity and eliminates the need for costly mechanical equipment and additional capacity to power them.
Company Timeline
What the company has to say about its proven technology:
Multi-billion Dollar Market Opportunities
Innovation + Growth Drivers = Scalable Business Models
The Electric Vehicle (EV) Market
Technological advancement has made the lithium-ion battery the most sought-after battery for electric vehicles because of its lighter weight, smaller size, and longer life capacity than other batteries on the market.
Lithium-ion batteries are what power today’s electric cars and trucks including EV giant Tesla’s vehicles.
EV demand is expected to rise, according to Bloomberg New Energy Finance (BNEF), which sees improved batteries, more readily available charging infrastructure, new markets, and price parity with internal combustion engine (ICE) vehicles as major drivers. The study forecasts that EVs will hit 10% of global passenger vehicle sales by 2025, rising to 28% in 2030 and 58% in 2040. (https://www.forbes.com/sites/arielcohen/2020/10/26/plugging-into-the-future-the-electric-vehicle-market-outlook/?sh=59ab756c9812)
President Joe Biden has pledged to transition the U.S. economy “away from the oil industry,” which could accelerate the shift to EVs even faster!
KULR’s products are a part of the brand new Drako GTE, one of the world’s fastest all-electric supercars!
KULR Technology Group Inc. (OTC: KULR) is supplying its carbon fiber thermal interface (FTI) material to Drako Motors, Silicon Valley manufacturer of the Drako GTE, a new, ultra-high-performance electric supercar.
As part of KULR’s space-proven thermal architecture, FTI offers superior thermal conductivity, ultra-lightweight and flexible mechanical properties designed for space exploration and defense applications where efficient cooling and size and weight restrictions are paramount.
The company is applying its space-proven technologies to a thermal management platform for EV applications — which includes battery thermal management with FTI materials, battery safety with passive propagation resistant (PPR) design, battery safety testing with internal short circuit (ISC) technology, and electrical motor and component cooling with FTI and phase change material (PCM) solutions.
“Anyone who’s ever held an electronic device knows batteries can get hot, and that high-performance, top-end batteries can get extremely hot when pushed to their limits,” KULR CEO Michael Mo has stated. “We’re excited to partner with Drako Motors in the thermal design of their battery packs — the very best of thermal performance in space applied to the very pinnacle of EV performance on Earth. With a unique quad motor, 1,200 horsepower architecture designed for the absolute highest levels of automotive performance, Drako GTE is the ideal EV platform to showcase the superior performance of KULR’s thermal solutions.”
Hypersonic Weapons
At the beginning of 2021, KULR Technology Group Inc. (OTC: KULR) announced that it had provided thermal management design services to a Tier-1 aerospace and defense technology manufacturer.
The technology is designed to improve thermal subsystems that are needed to increase performance of hypersonic weapons.
These hypersonic strike systems are valued for their unique war-fighting aspects of range, speed, maneuverability, survivability and lethality, according to Mike White, assistant director of hypersonics at the Office of the Undersecretary of Defense for Research and Engineering.
A Congressional Research Services report released in December showed that the Pentagon’s FY2021 budget request for hypersonic-related research is $3.2 billion, up from $2.6 billion in the prior year’s request, the company noted!
Developing a New Battery Safety and Testing Procedure
Also in 2021, KULR Technology Group, Inc. (OTC: KULR) revealed a partnership with the CSA Group to develop a new battery safety and testing procedure. The CSA Group (formerly the Canadian Standards Association) is a leading standards development organization and a global provider of testing and certification services.
The company’s passive propagation resistant (PPR) design solutions prevent dangerous cell-to-cell thermal runaway propagation. The company’s collaboration with CSA Group is the most recent of several alliances formed to enable the application of its expertise and to help shape the regulatory and industry standards for battery shipments.
Long-term Technology and Developmental Partnership with Andretti Technologies (ATEC)
KULR Technology Group Inc. (OTC: KULR) announced in March 2021 that it had agreed a long-term technology and developmental partnership with Andretti Technologies (ATEC), the advanced technology arm of racing team Andretti Autosport.
The company said the alliance will establish a thermal management testing and design platform for high-performance battery solutions with the highest safety ratings that will be adapted to the technical requirements of Andretti’s racing enterprise.
As part of the partnership, both parties will also focus on co-developing and co-marketing motorsports’ battery and safety technologies to automotive partners for mass-market EV applications.
KULR said the aim of the partnership is a transfer of technical knowledge from aerospace to the racetrack through ATEC affiliated programs.
ATEC plans to implement new cooling technology, battery cell architecture, and testing methodologies for its high performance and high-power applications within the global EV motorsports marketplace.
Official Thermal Management and Battery Safety Provider to Andretti United Extreme E
KULR Technology Group Inc. (OTC: KULR) in March of 2021 said that it would be the official thermal management and battery safety provider to electric SUV extreme racing team Andretti United Extreme E ahead of the inaugural all-electric
The SUV Off-Road Racing Series took place in April and the Andretti United Extreme E team won the Crazy Race semifinal and placed second overall in the inaugural Desert X Prix in Saudi Arabia on April 3-4, 2021.
Introduces High-Capacity Lithium Battery Packs for Commercial Drone Market
KULR Technology Group Inc. (OTC: KULR) in June 2021 announced the launch of a new product line of high-capacity lithium battery packs targeting the $127 billion commercial drone market!
The company secured a global commercial drone manufacturer as a customer and expects to secure additional customers in the second half of 2021.
The announcement is a first step in KULR’s overall strategy of targeting adjacent markets complimentary to the company’s established battery safety and thermal management products.
The company said it intends to expand into additional e-mobility markets in the coming year.
KULR’s initial drone battery pack platform will service the high-performance market at a retail price between $450 to $550 U.S. dollars, with drone battery pack platforms servicing the mid to moderate performance markets expected to soon follow.
Providing Devices to Federal Aviation Administration
KULR Technology Group Inc. (OTC: KULR)’s internal short circuit technology will be used in evaluating problems leading to passenger lithium-ion battery malfunctions that can cause smoke and fire incidents aboard aircrafts!
The company has supplied its internal short circuit (ISC) battery safety and testing device technology to the Federal Aviation Administration (FAA).
According to data released by the FAA, since January 2017, an air/airport incident involving lithium batteries (smoke, fire, extreme heat, or explosion) has occurred on average about once every eight days.
As the exclusive provider of ISC technology to the FAA, KULR’s devices will address the alarming increase in smoke and fire incidents aboard an aircraft due to passengers’ malfunctioning lithium-ion batteries.
Developed by researchers at NASA and the National Renewable Energy Lab (NREL), KULR has an ISC device that reliably creates thermal runaway in lithium-ion battery trigger cells in controlled, laboratory conditions.
Unlike most other evaluation methodologies that mechanically damage the battery exterior to activate the short, KULR’s ISC device triggers a true internal short.
This method makes it possible to accurately pinpoint and fix problems leading to battery malfunctions.
The company’s ISC technology received the prestigious R&D100 Award in 2016 and was runner-up for NASA invention of the year in 2017!
New Additions to Management
KULR Technology Group Inc. (OTC: KULR) announced the appointment of veteran manufacturing and operations executive Keith Cochran as its president and chief operating officer.
Cochran brings over 25 years of successful operations and business management experience to the group, having previously served as senior vice president of Jabil Greenpoint’s global business units in Singapore.
As COO, Cochran will provide the leadership and organizational experience necessary to ensure it has “proper operational controls and procedures in place to effectively manufacture and automate on mass scale with sound operating efficiency.”
The company also appointed Morio Kurosaki to its board as an independent director.
Kurosaki is a seasoned executive and investor in Japan’s information technology industry, and brings global go-to-market strategy and scalability as the company moves toward its next chapter of product commercialization.
Additionally, KULR appointed Dr. Joanna Massey as an independent director on its board.
Dr. Massey is a former senior vice president of Corporate Communications at Lions Gate Entertainment and brings decades of experience relevant to the company’s near and long-term growth strategies and is expected to further strengthen its corporate governance.
Cash on Hand and Revenue is Soaring
Now that KULR Technology Group Inc. (OTC: KULR) is in the growth phase, the company is seeing remarkable revenue growth and has plenty of cash on hand to forge forward.
On March 10, the company reported a 298% surge in its 4Q 2020 revenue to $208,488, which the company attributed mainly to new orders received for products and engineering services for military and aerospace customers.
The company also said it ended the quarter with $8,880,140 in cash on its books as of December 31, having raised $8 million in gross proceeds from the sale of its common stock and warrants!
The company has said that current funding leaves it well-positioned to expand operations, support new business and fund ongoing product development in spite of the pandemic-related difficulties.
KULR has also improved its gross margins to 80% in 4Q from 48% during the same period in 2019.
As well, the company increased its shareholder equity from a $525,612 deficit on September 30 to a surplus of $6,118,552 by the end of the quarter ended December 31!
FOUNDED BY SOME OF THE FOREMOST EXPERTS IN THERMAL MANAGEMENT
The Team
KULR Technology Group Inc. (OTC: KULR) was founded by some of the foremost experts in energy, thermal management, semiconductor and industrial manufacturing.
Investors and advisors include industry leaders from the U.S., Japan and China, all from a variety of different fields, including electric vehicles, communications, energy management and semiconductors.
MICHAEL MO – Chief Executive Officer
Mr. Mo is a technology entrepreneur and successful investor with over 25 years of experience in technology management, product development and marketing. Mr. Mo started his career as a design engineer at HP and has since started three technology companies as founder and CEO. He has also been an early venture investor in many successful technology companies, included Spreadtrum Communications (NASDAQ: SPRD), which was acquired for $1.9 billion. Mr. Mo received a master’s degree in electrical engineering and computer science from UC Santa Barbara in 1995.
KEITH COCHRAN – President and COO
Mr. Cochran is a value-driven leader offering 25+ years of exceptional, high-paced business management and operations expertise. From 1995 to 2019, he worked for world class EMS, Jabil Inc. He concluded his 24-year career with Jabil as senior vice president of Global Business Units. Prior to Jabil, Mr. Cochran was supply chain manager for SCI Systems. Mr. Cochran received his Bachelor of Science in business operations from DeVry Institute of Technology in 1990.
Dr. TIMOTHY KNOWLES – Chief Technology Officer
Dr. Knowles has over 30 years of thermal management R&D experience having led teams that developed high-performance thermal management products for numerous high-caliber aerospace and industrial applications. Previously, he served as president of Energy Science Laboratories, where his team developed the core Carbon Fiber Cooling technology utilized in KULR’s products today. Dr. Knowles received a Ph.D. in physics from UC San Diego in 1977.
SIMON WESTBROOK – CFO
In 2009, Mr. Westbrook founded Aargo Inc., a company specializing in financial consulting services to corporations in various tech-related industries. Prior to Aargo, Mr. Westbrook was CFO of Amber Networks Inc., and the chief financial officer of Sage Inc. (NASDAQ: SAGI), a Silicon Valley company specializing in flat panel displays. Before Sage, Mr. Westbrook held senior level financial positions at Creative Technology (NASDAQ: CREAF) and Atari Corp (AMEX: ATC). Simon is a chartered accountant and holds a master’s degree in economics from Trinity College, Cambridge University.
MICHAEL G. CARPENTER – Vice President of Engineering
Mr. Carpenter was former director and safety officer of Energy Science Laboratories PCM Heatsink Group. He also served as quality manager and facility security officer in the Defense Industrial Security Program from 1988 to 1995. Mr. Carpenter received a Bachelor of Science in applied mechanics from UC San Diego in 1983.
SARA FEULNER – VP of Human Resources
Ms. Feulner has 20 years of HR and operations experience in the technology industry. The majority of her career was spent at ARM as the global vice president of human resources. During her tenure, the organization grew from 500 to 3000 employees and $100 million to over $1 billion in revenue. She has lived and worked internationally and now specializes in leading edge HR and operations consulting for small to medium size tech companies. Sara is an alumnus of Harvard Business School’s Program for Leadership Development and holds a master’s degree from Trinity University in San Antonio, Texas.
The Bottom Line
KULR Technology Group Inc.’s (OTC: KULR) technology is becoming much less a secret nowadays and Wall Street may soon uncover the company!
The adoption of the company’s technology from clients in auto racing to military defense could help serve up exponential growth in the coming quarters.
There are broad market applications for KULR’s technology and the most recent earnings report shows that growth is already surging.
Other deals could be announced in the fast-growing electric vehicle sector… plus a penetration into the energy storage and thermal management markets is more than timely and could be monumental for the company!
According to Lux Research, the energy storage market alone today delivers a more than $59 billion revenue opportunity. (https://www.thecowboychannel.com/story/43917732/kulr-technology-delivers-industrychanging-thermal-management-solutions-to-market-takes-trip-to-mars-aboard-microsoft-surface-pro-kulr)
The company’s carbon fiber thermal management solutions included on Mars Rover Perseverance 2020 confirms its standing as having a best-in-class solution to protect very expensive and important assets.
The FAA also evaluating the company’s technology for in-flight applications and its effect to mitigate ion-battery malfunctions, is very exciting. This is the FAA, after all, and companies listen to what the FAA says.
Let’s not forget that leading suppliers of electronic components in smartphones such as the iPhone could soon include KULR’s technology – another monstrous revenue opportunity!
2021 may be the year for KULR Technology Group Inc. (OTC: KULR) to really shine and the company is making a reputation for itself as the “go-to” source for thermal management safety solutions!
