Kulr Technology (otc: Kutg)

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

  1. supernova23

    supernova23 Senior Investor

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    Today, KULR Technology announced its first customer partnership with "mass market" commercial potential. Up until now, the Company's main source of business came from its aerospace customer engagements. I believe this is an important step for KULR as it validates the Company's TRS technology (https://kulrtechnology.com/hydra-thermal-runaway-shield/) as a commercially viable battery storage product for consumer facing applications. In the past KULR Technology reported that it's TRS battery storage application is being tested and developed for a tier-1 medical device manufacturer and automaker (electric vehicles). I imagine that the product development period for potential inclusion of TRS technology into electric vehicles, medical devices, and electronics in general is a rather lengthy process in comparison to the recently announced "battery bag" application for the shipping and logistics industry. Time will tell if KULR succeeds with commercializing in other markets.
     
  2. supernova23

    supernova23 Senior Investor

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  3. supernova23

    supernova23 Senior Investor

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    supernova23 Senior Investor

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  5. supernova23

    supernova23 Senior Investor

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    Yesterday, KULR his a milestone in trading volume, posting it's highest daily volume since inception in July 2018. Although trading volume is still quite thin with liquidity risk still an issue, volume has picked up these days. According to my calculations, KULR's average daily volume since inception is 900 shares/day (on the dot) corresponding to a volume weighted average price (VWAP) of $1.59/share. Yesterday, KULR closed with 34,896 shares traded with a VWAP of $1.25.

    On November 4, 2019, KULR's CEO stated, "To date, we have experienced lumpiness in revenues, which is largely attributed to a lengthy product development cycle in which revenue earned can be inconsistent and dependent on stage of product development. We expect our recent work with commercial partners will lead to future growth into 2020 as we are well-positioned to convert our development partnerships into volume production customers."

    On April 13, 2020, KULR announced it's first consumer-facing customer acquisition licensing its technology to Americase, a leader in providing battery packaging solutions for the electronics industry.

    Although COVID-19 has impacted the Company's progress (as stated in their last 10K filing), it will be interesting to see what balance of product development partnerships KULR converts into customers during the balance of 2020.

    Today, KULR released an updated June 2020 investor presentation. Take a look to see the lay of the land. You can find it here: https://kulrtechnology.com/category/presentations/
     
  6. supernova23

    supernova23 Senior Investor

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    supernova23 Senior Investor

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  8. supernova23

    supernova23 Senior Investor

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    Carbon-Fiber Heat Sink Makes Batteries Safer for Electric Cars, Bikes, and More

    This article released by NASA speaks to the working relationship between NASA and KULR and a bit of the history behind the development of KULR's Thermal Runaway Shield (TRS).

    https://spinoff.nasa.gov/Spinoff2020/cg_3.html
     
  9. supernova23

    supernova23 Senior Investor

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  10. supernova23

    supernova23 Senior Investor

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    This Wood Mackenzie press release dated April 1, 2020 speaks to the rapid growth of utility (electric grid) and residential-level energy storage market. Utilities are utilizing lithium energy storage solutions as a means of providing more efficient power to the electric grid. Additionally, lithium energy storage is currently the most efficient way to store solar power.

    Unfortunately, in part due to a rapidly growing industry with more energy storage systems being put into place, battery fires/explosions are inevitable. In the last 12 months, there were more than 20 energy storage fires in Korea. In the U.S., last year's Arizona battery facility explosion caused industry wide concern and the need for improved safety.

    Today, KULR Technology (OTCQB: KULR) announced commercializing battery safety technology with Volta Energy, to be used in energy storage systems for residential, commercial, and industrial applications. In the press release KULR CEO stated "technologies that promote battery safety are of great importance for utility and industrial energy storage industries and is a primary focus for KULR."

    If KULR can capitalize on the rapid growth of utility and residential level energy storage by raising industry awareness of it's battery safety technologies and ultimately forging new partnerships with energy storage manufacturers, this would be a game changer.

    It will be interesting to see how story line progresses.

    Last year, KULR announced a partnership with Leidos (NYSE: LDOS) and NASA to utilize its TRS technology to safely transport and store lithium-ion batteries aboard the International Space Station. KULR recently announced licensing its passive propagation technologies to Americase, the global leader in providing the electronics industry with packaging solutions for product recalls arising from defective or damaged batteries.
     

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