Huge Investments in EV market in next 5 to 10 years A Reuters analysis of 29 global automakers found that they are investing at least $300 billion in electric vehicles, with more than 45 percent of that earmarked for China. By Paul Lienert and Christine Chan PUBLISHED JAN. 10, 2019 Global automakers are planning an unprecedented level of spending to develop and procure batteries and electric vehicles over the next five to 10 years, with a significant portion of their budgets targeted at China, according to a Reuters analysis of public data released by those companies. Automakers’ plans to spend at least $300 billion on EVs are driven largely by environmental concerns and government policy, and supported by rapid technological advances that have improved battery cost, range and charging time. The accelerated rate of industry spending — much of it led by Germany’s Volkswagen — is greater than the economies of Egypt or Chile. EV INVESTMENT FLOWS BY COUNTRY OF ORIGIN OF AUTOMAKER In billions of dollars....... Goto https://graphics.reuters.com/AUTOS-INVESTMENT-ELECTRIC/010081ZB3HD/index.html for complete write up.
KUTG 10-K for fiscal year ended 12/31/18 is out. The Company is focused on E-Mobility (electric transportation) markets, which perhaps represents a logical progression from the high-performance aerospace market solutions it has provided in the past. The Company also speaks to potential synergistic acquisitions as part of its growth strategy. https://www.sec.gov/Archives/edgar/data/1662684/000114420419017012/tv516626_10k.htm
KULR Technology Group's (KUTG) business is to utilize space technology that was co-developed with NASA used to cool electronics (chips) and batteries (lithium-ion). Although it's technology has broad applications within the world of electronics, KUTG has recently honed its focus towards acquisition of E-Mobility (electric transportation) and aerospace customers. Visit recently updated website KULR Technology for more information. Some notable news about their tech: Wall Street Journal: NASA's Work to Head Off Battery Blazes in Space Finds Uses on Earth Cheddar TV (video): Protecting Batteries from Electric Cars to NASA Space Shuttles Forbes: A Rocket Science Solution To Lithium-Ion Battery Fires The Company intends to uplist to the NYSE or NASDAQ this year but needs to meet minimum uplisting requirements including fulfilling minimum pre-tax income, # shareholders, shareholder equity. Recently, KUTG announced acquisition of Japanese telematics company TECHTOM, which will be synergistic (software/hardware) making the Company more competitive as it makes efforts to capture market share in the E-Mobility space. TECHTOM did about $2.35 million in revenue (fiscal year ended 4/30/18), while KUTG did $1.27 million (fiscal year ended 12/31/18). Each standalone entity is projected to experience substantial growth FY2019 (i.e. TECHTOM projected $4.5 to $5 million in revenue). More information about KULR Technology Group including information about their technology, archived news and press releases, management team bios, and SEC filings can be found at www.kulrtechnology.com.
An important Message from board manager to those following KUTG stock: Thank you for taking the time to follow this board. I feel it’s my duty to disclose to you that my family has invested in KUTG (KULR Technology Group) and are shareholders of the Company. I am also acting as a paid consultant for the Company and have been compensated in KUTG shares. I have extensively researched KULR Technology and believe its exceptional thermal management solutions have palpable potential to displace traditional products serving today’s electronics and battery storage markets. KULR Technology has an extraordinary management team along with talented, hard working employees (engineers) and its solutions hold certain key advantages over the competition. All questions, comments and opinions about KUTG whether bullish or bearish are welcome on this board as its purpose is to generate thoughtful dialogue about the Company. KUTG is a newly listed OTC company and although this community is currently very small, with time I envision this board will grow and serve to be a beneficial resource for discussion, opinion, and news for all involved. I am not a licensed financial professional and do not recommend you buy or sell KUTG without first doing your own due diligence. 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. From a business standpoint, micro-cap companies tend to lack in resources and often struggle to commercialize their products or services in a meaningful way. However, a growing company with a good business model and sound business practices (i.e. transparency, solid operational procedures, astute strategic planning, etc.) is capable of overcoming these challenges, which can translate into creating shareholder value over time. Stay tuned… Best wishes, Tom
Hello longtermbull. Well, first posts were on July 20, 2018 (roughly when KUTG was first publicly traded). On that day KUTG closed at $1.87, but in the following week, the stock's trading range was $2.00 to $5.00 with most trades occurring in the $2.70 to $2.80 range. KUTG is currently at $2.20. The stock has been trading with very thin volume since inception (avg daily vol ~500 shares/day since inception). So if one considers the market to be a "voting machine" performance is difficult to gauge at this time. This is due to the lack of trading history and volume ("votes"). On another note, thin volume is certainly a risk for shareholders today. Given that KUTG is still maturing or in a developmental/early commercialization phase of its business, it will be critical to see it live up to its potential moving forward to justify current and higher valuations. Pay attention to the fundamentals of the Company and it's business (customer acquisition, earnings/revenue growth, cap raises, etc). IMO, this will be more telling of longer-term performance.
