There are some very interesting comments from the company and there is certainly a lot going on. However, until the shares are traded on a recognised stock market they will have limited appeal to investors with over-the-counter stock markets not having a very good track record. If things are going as well as it looks, surely a full stock market listing must be inevitable?
Right. I agree. KULR Technology (OTCQB: KUTG) intends to uplist to a major stock exchange in 2019 (see page 6 of Company Presentation at KULR's web site). Moving forward, it will be important to see growth or to put it another way, achieve customer acquisition and sales objectives (2018 Q3 and Q4 earnings and announcements will be important benchmarks). In the sea of muck that the OTC can be, there have been good developmental stage companies who've successfully been able to navigate to a brighter future on a big exchange. Time will tell if KUTG is one of those companies.
NASA Places Initial Order for KULR's Battery Testing Devices CAMPBELL, Calif.--(BUSINESS WIRE)--Oct 16, 2018--KULR Technology Group, Inc. (OTCQB: KUTG), (the “Company” or “KULR”), today announced that NASA has placed an initial order for the Internal Short Circuit (ISC) trigger battery cells, which can replicate lithium-ion battery cell failures in battery pack designs. The ISC is licensed, manufactured and distributed by KULR under an exclusive agreement with the DOE’s National Renewable Energy Laboratory (NREL). “We are pleased to continue our long and productive relationship with NASA and help them continue their pioneering work on battery safety,” said Michael Mo, CEO of KULR Technology Group. “As the exclusive commercialization partner for this ground-breaking technology, we will be providing NASA with initial test cells this quarter and ramp up commercial production in the first quarter of 2019,” Mo said. “We have seen growing interest in ISC trigger cells from different industries and geographic regions. We have been working with tier-one battery cell manufacturers to make the trigger cells in both 18650 and 21700 form factors. We expect 2019 to be a breakout year for this ISC technology and establish it as the go-to standard for battery design safety testing for various industries and applications. Our ISC testing technology makes batteries safer and global battery manufacturers are realizing it,” Mo said. Lithium-ion batteries are the industry and consumer standard for portable power; billions of individual battery cells exist and billions more are planned for production. But lithium-ion batteries fail, sometimes with catastrophic results. Due to the relative rarity of cell failures, scientists and researchers struggle to reliably or accurately replicate latent defect cell failures in lab settings, impeding research into safer battery technology. The cornerstone of the E-mobility ecosystem is battery safety. Whether you’re addressing electric vehicles, charging stations, power generation, power distribution and storage, or aerospace and defense, advancing battery safety is essential for wider market adoption. The ISC technology received the prestigious R&D100 Award in 2016, was runner-up NASA invention of the year in 2017 and is now part of NASA’s “Crewed Space Vehicle Battery Safety Requirements.” KULR’s core technology is a NASA-developed, space-used, vertically-aligned carbon fiber material that is lighter, more flexible, and more efficient than traditional thermal management products. As pure carbon, KULR fiber is perfectly heat efficient. And because it behaves like a flexible fabric it can fit with just about any power or electronic configuration in extremely demanding spaces with minimal contact pressure, increasing efficiency and safety for a variety of thermal management and energy storage uses across a range of markets. About KULR Technology Group, Inc. Founded by some of the foremost experts in aerospace thermal management, KULR’s mission is to utilize space technologies to make e-mobility cooler and safer. KULR is joined by industry veterans in semiconductor and industrial manufacturing. The Company’s investors and advisors include industry leaders from US, Japan, and China in the field of electrical vehicles, energy storage, communications, and semiconductors. KULR’s proprietary carbon fiber-based solutions are lighter, higher performance and more compliant than traditional solutions. Some applications of the company’s carbon fiber material include space exploration, electric vehicles, cameras and laser displays, robotics, servers and data systems, power storage and consumer electronics. https://www.kulrtechnology.com Safe Harbor Statement This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our parent entity’s Form 10-K filed on April 17, 2018. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. Source: AP Newswire
KULR Technology Secures Contract With Leidos to Provide Purpose-Built Materials for Ongoing Defense Fieldwork CAMPBELL, Calif., Nov. 01, 2018 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KUTG), (the “Company” or “KULR”), today announced that it will provide specific-use thermal management material to Leidos (NYSE: LDOS) for ongoing testing, research and development on defense-related projects. Details of the agreement, the specific materials, and proposed projects are under security restrictions and will not be released but company leaders highlighted the importance of the relationship to continued programs within Leidos and with other partners. “Whether in space, aerospace, defense or in consumer electronics, managing the heat of high-performance, high-demand components is always mission critical – too much heat, or not enough of it, in the wrong place at the wrong time can impair system performance or in the worst case be catastrophic,” said Dr. Timothy Knowles, co-founder and Chief Technology Officer at KULR. “We are proud to continue our work on safe and efficient thermal solutions with industry and research leaders such as Leidos.” “The design and development of next-generation products and systems requires next-generation energy management or thermal management solutions,” said Vice President Billy Schaefer, Leidos Business Manager for Directed Energy. “Partnering with KULR will help us create these innovative products from conception to implementation for the customer.” Though it’s not the company’s only thermal product, KULR’s core technology is a space-used, vertically-aligned carbon fiber material that is lighter, more flexible, and more efficient than traditional thermal management products. As pure carbon, KULR fiber is perfectly heat efficient and because it behaves like a flexible fabric it can fit with just about any power or electronic configuration in extremely demanding spaces with minimal contact pressure. Partners, including NASA and multiple defense agencies and contractors, have contributed decades of research and development on KULR’s thermal technology solutions. “New areas of defense technology like directed energy systems, for example, require upgraded, optimal thermal systems, even just to test them,” said Michael G. Carpenter, Vice-President of Engineering at KULR Technology. “That’s why agreements with companies such as Leidos are so exciting for us.” Directed energy research programs are similar to those being promoted by the Directed Energy Professional Society. About KULR Technology Group, Inc. KULR Technology Group, Inc., through its wholly-owned subsidiary KULR Technology Corporation ("KULR"), develops and commercializes high-performance, space-used thermal management technologies for electronics, batteries and other components across an array of applications such as electrical vehicle, autonomous driving, AI/Cloud computing, energy storage and 5G communications technologies known collectively as e-Mobility. KULR's proprietary, core technology is a carbon fiber material with roots in aerospace and defense that provides superior thermal conductivity and heat dissipation in an ultra-lightweight, pliable material. By leveraging this break-through cooling solution, and its longstanding development partnerships with NASA, the Jet Propulsion Lab and others, KULR makes e-Mobility and other products safer and cooler. https://www.kulrtechnology.com About Leidos: Leidos is a Fortune 500® information technology, engineering, and science solutions and services leader working to solve the world’s toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The company’s 32,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $10.17 billion for the fiscal year ended December 29, 2017. For more information, visit www.Leidos.com.
KULR Technology Group Announces Third Quarter 2018 Earnings (announcement made after market close on 11/13/18) CAMPBELL, Calif.--(BUSINESS WIRE)--Nov 13, 2018--KULR Technology Group, Inc. (OTCQB: KUTG), (the “Company” or “KULR”), today issued its third quarter 2018 financial statements which are included in its Form 10-Q and its Chief Executive Officer, Michael Mo, provided the following statement: To our shareholders: KULR Technology passed a few milestones in the third quarter of 2018: Financial Milestones: For the three months ended September 30, 2018 and 2017, KULR generated $482,798 and $15,106 of revenues, an increase of $467,692. Our revenues during the three months ended September 30, 2018 consisted of sales of our component product, our Carbon Fiber Velvet (“CFV”) thermal management solution. For the nine months ended September 30, 2018 and 2017, we generated $881,929 and $26,006 of revenues, an increase of $855,923. Our revenues during the nine months ended September 30, 2018 consisted of sales of our component product, our CFV thermal management solution, sales of an Original Equipment Manufacturer (“OEM”) product as well as certain research and development contract services. Generally, we earn greater margins on revenue from products compared to revenue from services, so product mix plays an important part in our reported average margins for any period. Also, we are introducing new products at an early stage in our development cycle and the margins earned can vary significantly between period, customers and products due to the learning process, customer negotiating strengths, and product mix. Customer Progress: Continued focus on defense and aerospace sectors led to 182% increase in revenue in the 3 rd quarter of 2018 as compared to the 2 nd quarter of 2018; Deepened relationships with world-class OEM developmental partners in the EV and scooter markets; Secured design wins working with world class research laboratories such as Air Force Research Lab, the Naval Research Lab, and Lawrence Livermore National Laboratory; and Continued customer engagement with a US government agency. Fourth Quarter 2018 Since becoming a publicly traded company in July of this year, we’ve been keenly focused on developing and commercializing our disruptive carbon-fiber based high-performance thermal management technologies across a wide array of electronics applications. Our revenue for the third quarter of 2018 increased 182% as compared to the 2 nd quarter of 2018, showing early signs of the momentum in our business and our growth potential. In the quarters ahead, we plan to forge additional global OEM ventures as well as deepen our partnerships within the aerospace and defense sectors. We anticipate our top line growth continuing for the next several quarters as our diversified product lines gain further adoption in primarily the aerospace, defense, and electric vehicle markets. KULR’s core vision is commercializing its space qualified technology for the E-mobility revolution. E-mobility is one of the biggest market opportunities in the technology industry. It’s a grand convergence of electric vehicle technology, autonomous driving, AI/Cloud computing, and 5G communication and battery safety combined to fundamentally change the way we will live and work. Safety and energy efficiency are fundamentally important building blocks to the future of E-mobility. KULR will continue to develop new technologies, partner with the likes of NASA and the Jet Propulsion Laboratory, and integrate with other innovators to be one of the leaders in this marketplace. KULR’s mission is to be a world leader in the E-mobility charging infrastructure network. The foregoing information and summary of results of operation does not purport to be complete and is qualified in its entirety by reference to the complete Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2018, which was filed on November 13, 2018. Safe Harbor Statement This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our parent entity’s Form 10-K filed on April 17, 2018. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. View source version on businesswire.com:https://www.businesswire.com/news/home/20181113006225/en/ CONTACT: KULR Technology Group, Inc. Derek Newton, 786-499-8998 Head of Investor and Media Relations [email protected] SOURCE: KULR Technology Group, Inc. Copyright Business Wire 2018. PUB: 11/13/2018 05:15 PM/DISC: 11/13/2018 05:15 PM http://www.businesswire.com/news/home/20181113006225/en
KULR Tech presenting at NASA Aerospace Battery Workshop on Wednesday November 28, 2018 at 3:45 pm. 3:45 Carbon Fiber Based Thermal Management and Safety Solutions for Lithium-Ion Battery Mike Carpenter and Michael Mo, KULR Technology Source: https://www.eventbrite.com/e/nasa-aerospace-battery-workshop-registration-41053735829 NASA Aerospace Battery Workshop: https://www.nasa.gov/batteryworkshop
KULR Technology to Present at 11th Annual LD Micro Main Event Tuesday, November 27, 2018 4:00 PM LOS ANGELES, CA / ACCESSWIRE / November 27, 2018 / KULR Technology (OTCQB: KUTG), a leading provider of space-designed, space-used thermal products for E-mobility and other major markets, today announced that it will be presenting at the 11th annual LD Micro Main Event on December 4th at 2:30 PM PST / 5:30 PM EST. KULR Co-founder and CEO Michael Mo will be presenting and meeting with investors. The presentation will be webcast live on KULR's website at http://www.kulrtechnology.com/events. An archive of the presentation will be available on the site for 90 days. KULR's core technology is a NASA-developed, vertically-aligned carbon fiber material that is lighter, more flexible, and more efficient than traditional thermal management products. As pure carbon, KULR fiber is perfectly heat efficient. Because it behaves like a flexible fabric, it can fit with just about any power or electronic configuration in extremely demanding spaces with minimal contact pressure, increasing efficiency and safety for a variety of thermal management and energy storage uses across a range of markets. KULR recently announced thermal management and battery safety agreements with NASA, Leidos and others. View KULR's profile here: http://www.ldmicro.com/profile/KUTG About KULR Technology Group KULR Technology Group, Inc., through its wholly-owned subsidiary KULR Technology Corporation ("KULR"), develops and commercializes high-performance, space-used thermal management technologies for electronics, batteries and other components across an array of applications such as electrical vehicle, autonomous driving, AI/Cloud computing, energy storage and 5G communications technologies known collectively as E-mobility. KULR's proprietary, core technology is a carbon fiber material with roots in aerospace and defense that provides superior thermal conductivity and heat dissipation in an ultra-lightweight, pliable material. By leveraging this break-through cooling solution, and its longstanding development partnerships with NASA, the Jet Propulsion Lab and others, KULR makes E-mobility and other products safer and cooler. https://www.kulrtechnology.com About LD Micro LD Micro was founded in 2006 with the sole purpose of being an independent resource in the microcap space. What started out as a newsletter highlighting unique companies has transformed into several influential events annually (Invitational, Summit, and Main Event). In 2015, LDM launched the first pure microcap index (the LDMi) to exclusively provide intraday information on the entire sector. LD will continue to provide valuable tools for the benefit of everyone in the small and micro-cap universe.
Presentation given by CEO Michael Mo at LD Micro Main Event on 12/04/18 http://wsw.com/webcast/ldmicro15/kutg/
KULR Technology Secures Patent for Thermal Runaway Shield (TRS), Proven to Minimize Risk of Fires and Explosions in Lithium-Ion Battery Packs
KULR Technology has recently engaged Pondel Wilkinson for Investor Relations. http://www.pondel.com/client-experience/investor-relations/
