Kulr Technology (otc: Kutg)

Discussion in 'Penny Stocks' started by supernova23, Jul 20, 2018.

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    supernova23 Senior Investor

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    Incomplete List of Articles Related to Battery Overheating and Fires in 2019

    Do you recall the infamous Samsung Galaxy Note 7 recall in 2016 as a result of a rash of battery fires? Lithium-ion battery overheating and resulting fires continues to be an issue in 2019:

    Lyft halts San Francisco e-bike program after bicycles catch fire
    The Guardian, July 31, 2019

    Hyundai Kona EV exploded in a garage, blowing the door off
    Electrek, July 27, 2019

    Dockless Lime bike catches fire, injuring cyclist
    Curbed, July 25, 2019

    Tesla Model S Shanghai Fire, Range, and Charge Issues Seem Connected
    Inside EVs, July 20, 2019

    Man said vape pen exploded ‘like a rocket’, left him with severe leg burns
    Fox News, July 19, 2019

    Burning battery pack forces emergency landing of Virgin flight
    The Verge, July 5, 2019

    Tesla vehicle fire in Shanghai caused by single battery module
    TechCrunch, June 28, 2019

    Vape pen explosion, shattering teen’s jaw amid rising concerns over batteries
    NBC News, June 22, 2019

    Apple recalls older 15-inch MacBook Pros because the batteries could catch fire
    The Verge, June 20, 2019

    China’s ordering safety checks after a series of electric car fires
    Quartz, June 18, 2019

    This New York-listed Chinese electric carmaker’s flagship vehicle keeps catching fire
    Quartz, June 17, 2019

    Tesla vehicle caught on fire while plugged in at Supercharger station
    Electrek, June 1, 2019

    Electric scooter battery explodes while charging in a Shanghai apartment
    MSN, May 28, 2019

    Auto analysts worry Tesla fires could dampen electric car sales as industry ramps up EV production
    CNBC, May 19, 2019

    Another parked Tesla Model S burst into flames
    Quartz, May 13, 2019

    A Tesla Model S caught fire in a garage in San Francisco
    Business Insider, May 3, 2019

    Life, death, and spontaneous combustion – here’s why the debate about Tesla fires just got more fierce
    Business Insider, April 26, 2019

    Tesla investigates viral video of Model S exploding in parking lot
    NBC News, April 22, 2019

    Exploding vape pen kills a Texas man
    CNN, February 5, 2019


    KULR Technology (OTCQB: KULR) offers a solution for cooler, lighter, safer battery packs with it's HYDRA Thermal Runaway Shield (TRS). To learn more visit www.kulrtechnology.com.

    About KULR Technology Group, Inc.

    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 deep space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer.

    **Disclosure:**This information does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. My family has invested in KULR and I am personally acting as a consultant for KULR and have been compensated in shares for that role. I have done extensive research on the Company and personally believe it has exceptional thermal management technology, management team, and real potential to displace conventional thermal management solutions in the marketplace. That said, I am not a licensed financial professional and do not recommend you buy or sell KULR. 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. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.
     
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    supernova23 Senior Investor

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    KULR Technology has made some forward looking statements in their recently announced Q2 2019 earnings and today's Leidos/NASA "TRS" battery storage announcement.

    In the Q2 2019 earnings announcement, the Company stated it has engaged more than 25 world-class companies at various stages of testing and development (also stated in July 2019 Company presentation) and anticipates 2019 to be a "breakout year" converting developmental partnerships into volume production customers.

    Today's Leidos partnership announcement has KULR stating that it is "rapidly transitioning TRS and other proprietary technologies into mass market commercialization" and that the Company is working closely with regulatory agencies and private sector to provide a better way to store and ship lithium ion batteries and products containing them.

    Let's see if the Company can deliver on these statements.
     
  10. supernova23

    supernova23 Senior Investor

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    Leidos, KULR Technology Ink Deal, Thermal Runaway in Focus (Source: Zacks Equity Research)

    Leidos Holdings, Inc. (LDOS - Free Report) has recently collaborated with KULR Technology Group to supply National Aeronautics and Space Administration (NASA) with Thermal Runaway Shield (TRS) storage solution. The TRS solution will be utilized to store laptop lithium-ion batteries on the International Space Station (ISS).

    Notably, this is part of NASA’s $159 million contract for procuring multiple technology innovations, which Leidos Holdings recently won. As part of this agreement, Leidos Holdings will utilize KULR Technology’s cost-effective TRS solution to improve cargo planning, processes and packing capabilities for the ISS.

    Significance of Thermal Runaway Shield

    Over heated, over charged or damaged lithium ion batteries can transit into a thermal runaway reaction with further heat and gas release. In certain cases when one lithium-ion cell in a pack catches on fire and it spreads through the entire pack, which is when a thermal runaway propagation occurs. Lithium ion batteries are widely used by NASA in varied items ranging from space suit to space vehicles. In fact, NASA was one of the earliest proponents of such battery use in space, due to smaller batteries and long-life expectancy. Moreover, these batteries have better energy density, often more than two times greater than other battery chemistries.

    However, at high temperatures the cells of these batteries become thermally unstable leading to events like thermal runaway. Sadly, even the possibility of a single-cell thermal runaway is a matter of concern, since if it occurs all batteries in package will be destroyed owing to domino effect, causing thermal runaway propagation. Consequently, NASA aspires to prevent any event of thermal runaway, which can be catastrophic for space vehicles.
    This is where the thermal runaway shield comes in handy, as it minimizes the chances of an explosion and other risks associated with thermal runaway in lithium-ion batteries. The shield contains vertically-aligned carbon fiber material, which prevents thermal runaway of lithium-ion batteries in extremely demanding spaces with minimal contact pressure.

    Benefits of the Collaboration

    KULR Technology's patented TRS is well known for its capabilities to prevent thermal runaway propagation, which has been a serious concern for aerospace and defense customers, and electric vehicle manufacturers. Its unique combination and configuration of the shield passively draws intense heat of cell failures away from nearby cell, which helps to keep lithium ion batteries cooler and safer.

    With increased use of lithium ion batteries by NASA over time, the demand for TRS will also rise. As the U.S. administration strongly focuses on strengthening the nation’s space research and development, Leidos Holdings’ latest partnership with KULR Technology paves the way for improving the efficiency of thermal management solutions. This in turn will allow the company to acquire more contracts from NASA, which has been allotted a spending provision of $21 billion for fiscal 2020, by the U.S. government — strongest on record budget for the agency.

    Price Movement

    Leidos Holdings’ stock has improved 26.3% in the last one year, compared with the industry’s growth of 10.9%.

    Source: https://www.zacks.com/stock/news/503202/leido...y-in-focus

    KULR Technology (OTCQB: KULR)
     

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