Kulr Technology (otc: Kutg)

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

  1. supernova23

    supernova23 Senior Investor

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  2. supernova23

    supernova23 Senior Investor

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  3. supernova23

    supernova23 Senior Investor

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    Re: KULR Technology Reports Third Quarter 2019 Financial Results

    Key Takeaways from 3rd quarter results and recent CNN interview (https://twitter.com/jchatterleyCNN/status/1190275818704003072):
    • Recent lumpy revenue growth attributed to lengthy product development cycle and dependent on stage of product development
    • KULR has progressed product development work with Tier-1 partners, moved into beta testing phase with one or more partners, and anticipates securing volume customer relationships into 2020.
    • NASA is benefiting from KULR's battery storage technology and has utilized it during recent launch to International Space Station.
    • The Company is commercializing it's disruptive battery storage technology in consumer facing markets such as electric vehicles, consumer electronics, and shipping & logistics markets.
    • KULR looks to implement a novel (for this industry) licensing model with it's battery storage solution and has been in discussions with it's potential customer(s) in this regard.
    • Stay tuned as the Company looks to announce significant event(s) related to business model/customer soon
     

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