OUR NEW PROFILE IS: (NYSE: KULR)
“RIGHT NOW KULR IS A STAR” – WALL STREET JOURNAL
Contracts With NASA, Lockheed Martin, And Other Global Business Giants
KULR SECURES FOLLOW-ON $2.68 MILLION CONTRACT AS EXCLUSIVE SUPPLIER OF FAIL-SAFE BATTERY SAFETY SOLUTIONS FOR INDUSTRIAL SCALE ENERGY STORAGE SYSTEM MANUFACTURER (BREAKING TONIGHT AFTER THE BELL)
KULR Reports Preliminary Fourth Quarter 2022 Financial Results, Anticipates 137% Revenue Growth.
Read our press release for more information: https://t.co/cvDJ1YPBdz#Battery #Aerospace $KULR pic.twitter.com/IJm9UVBdab
— KULR Technology (@KULRTech) February 13, 2023
*****KULR INVESTOR PRESENTATION*****
__________________________________________________________
Hello Everyone,
Energy Storage
The U.S. doubled its energy storage capacity in 2021 and is expected to increase 17x by 2030, according to Wood Mackenzie. Lithium-ion batteries are the dominant technology on the market for energy storage because of their cost and availability but do carry well documented safety risks. While rare, cell to cell thermal runaway in lithium-ion batteries can cause a fire or explosion. For example, an explosion at Arizona Public Service’s McMicken battery plant injured four emergency responders in 2019 and overheating caused the 1.2 GWh Moss Landing storage facility in California to go off-line. To reach net zero by mid-century will require an additional 245 GWh of battery capacity each year until 2030, but incidents of the like distill trust in battery technologies and threaten to slow the pace which is needed to achieve decarbonization goals. KULR’s passive propagation resistant (PPR) and thermal runaway shield (TRS) technologies prevent cell to cell thermal runaway propagation and inhibit fire and ejecta of a single cell from exiting the battery enclosure, making battery energy storage packs safe for homes, hospitals, schools, and universities, and more. KULR is partnering with leaders in the energy storage industry such as Volta Energy Products, the subsidiary of Buffalo NY based parent company, Viridi Parente, to increase deployments of safe, reliable, and durable energy storage safety systems to accelerate the broader energy transition.
Battery Recycling and Management
KULR-Tech Safe_Case provides a safe and cost-effective solution to commercially store and transport lithium batteries, which is increasing in frequency as supply chain challenges and ESG commitments necessitate battery recycling and end-of-lifecycle management. Whether shipping a single battery, a battery-powered device or a load shipment of batteries, KULR’s technology mitigates the impacts of cell-to-cell thermal runaway propagation and ensures a safe journey. KULR’s Thermal Runaway Shield (TRS) technology is trusted by NASA to ship and store astronauts’ laptop batteries on the International Space Station. In addition, KULR combines its Passive Propagation Resistant (PPR) solutions with its new CellCheck intelligent battery management system to extend battery life. The CellCheck modular battery management system platform is KULR’s AI-powered battery safety technology for e-mobility, energy storage and fleet applications. It captures real time and lifetime battery intelligence, sensing adverse electrical, environmental, and physical events to analyze and control for maximum battery safety, reliability, and performance. As commercial industries across the board face greater scrutiny to comply with ESG standards, KULR is serving a total addressable market for a circular economic model for batteries that will reach over $21 billion by 2025 (estimated based on market data projections published by Grand View Research, Inc. stating that the global battery recycling market size is expected to reach $21.04 billion by 2025).
E-mobility
KULR is supporting the shift to electrified transport by enabling safer, lighter, and faster charging lithium-ion batteries for electric vehicles and micro mobility solutions. KULR’s passive propagation resistant (PPR) battery pack solutions increase battery energy capacity while preventing thermal runaway events that can lead to hazardous explosions, helping the transportation industry to address growing public safety concerns around electric vehicles, electric aviation and micro-mobility markets.
Vehicle technology advancements and EV range anxiety requires more battery capacity to expand the range and power of existing platforms while adding new, power-demanding components for advances such as 5G data networks. The additional strain on batteries increases the risk for overheating and serious failures and can damage sensitive chip architecture. In addition, overheating has been a key limiting factor for advancing fast charging battery technology. KULR’s carbon fiber thermal management technologies reduce the thermal resistance inside battery cells while increasing electrical conductivity to dissipate heat more efficiently to enable the safe deployment of fast charging batteries. With KULR, automotive OEMs and battery manufacturers can increase the energy capacity of battery cells so less cells are needed, making for lighter vehicles that drive further before needing to be charged.
Aerospace/Defense
KULR’s thermal management solutions enable the defense and aerospace industries to safely deploy electronic technologies that support critical missions and protect national security.Technology in this sector is developing at increasing rates – the space industry alone will be worth nearly $3 trillion in 30 years. The electronic devices being placed into aircrafts, satellites, and missiles are becoming ever smaller and more powerful. Lithium-ion batteries, which are already prone to overheating and propagation, are exposed to harsh thermal environments as well as shock and vibration during aerospace and defense operations. KULR has partnered with Lockheed Martin, Leidos and other prime contractors to develop and supply mission-critical technologies for hypersonic vehicles, high-power magnetic wave, and other defense systems.
High-Powered Computing & 5G
Demand for improved, cost-effective cooling solutions in the rapidly growing 5G and cloud computing industries is ever-increasing. KULR’s portfolio of thermal management solutions target air and liquid-cooling of high-performance computing applications such as crypto mining, cloud computing, AI, and AR/VR simulations to maximize performance, energy efficiency and safety. KULR’s proprietary carbon fiber-based suite of thermal interface materials leverage advanced carbon fiber based heatsink technology that offers customers highly customizable, lightweight, and cost-effective solutions with industrial-level reliability due to their high thermal conductivity, lightweight, and low contact pressure.
New Battery Cell Development
KULR started a research and development initiative using carbon fiber structures to produce battery cells with higher energy density and faster charging capabilities. Fast-charging will be the killer app for next-gen batteries. Right now, overheating is a key limiting factor in advancing fast-charging battery technology. There may be a way to solve that problem by using carbon fiber inside the battery cell to reduce thermal and electrical resistance which can dissipate heat more effectively. The R&D initiatives include thicker cathode with higher loading factor, silicon anode, lithium metal anode and solid-state electrolyte development. This is a long-term strategic development for KULR.
Commercial Partnerships
KULR has a long-term technology and developmental partnership with Andretti Technologies (ATEC), the advanced technology arm of racing team Andretti Autosport. The alliance will establish a thermal management testing and design platform for high-performance battery solutions with the highest safety ratings that will be adapted to the technical requirements of Andretti’s racing enterprise with the goal of transferring solutions to mass-market electric vehicle (EV) applications.
New Facility and IT-Systems
KULR relocated in October 2021 to a new facility located at 4863 Shawline St, San Diego, CA. The facility is 3 times larger than the previous facility with adequate room to support the Company’s new automated battery cell testing capability that will launch in Q322 as well as personnel growth. Additionally, the Company installed independently enclosed areas to support the machine shop, testing lab, battery lab, and Fiber Thermal Interface Material (“FTI”) manufacturing lab. KULR has implemented a 5S standard for the entire facility and will seek ISO 9001 certification in June 2022.
KULR has engaged with Managed Solutions to enhance its IT infrastructure and improve all aspects of Cyber Security. As a sub-contractor for DOD programs, it was vital that KULR have state of the art IT systems and controls. The Company believes the best path based on the current scale of the company is to outsource this activity to a professional IT services organization. The result of this activity was an improvement of our NIST score of over 140 points.
EVOLUTION OF KULR
______________
KULR NEWS
KULR REPORTS PRELIMINARY FOURTH QUARTER 2022 FINANCIAL RESULTS, ANTICIPATES 137% REVENUE GROWTH
KULR, today announced its unaudited preliminary financial results for the fourth quarter ending December 31st, 2022.
KULR TECHNOLOGY GROUP ANNOUNCES ISSUANCE OF U.S. PATENT COVERING LI-ION BATTERY STORAGE AND TRANSPORTATION SOLUTION
KULR today announced that the United States Patent and Trademark Office awarded a patent on the technology behind its SafeCase products
KULR TECHNOLOGY GROUP RETAINS INTEGROUS COMMUNICATIONS
KULR, today announced that it has retained Integrous Communications as its investor relations advisor.
KULR SETS FEBRUARY 2023 CONFERENCE SCHEDULE
KULR is scheduled to participate at the following conferences in the month of February 2023
KULR TECHNOLOGY GROUP TO DEMONSTRATE KULR VIBE AT THE 2023 AUTONOMOUS VTOL TECHNICAL MEETING AND ELECTRIC VTOL SYMPOSIUM ON JANUARY 24-26, 2023
KULR is a sponsor of the event, which is in its 10th year of leading presentations and interactive discussions in the latest advancements in electric vertical takeoff and landing (“eVTOL”) aircrafts, and the challenges that still remain.
KULR TECHNOLOGY GROUP TO VIRTUALLY PARTICIPATE AT THE 25TH ANNUAL NEEDHAM GROWTH CONFERENCE ON JANUARY 12, 2023
KULR CEO Michael Mo will be virtually participating in 1-on-1 meetings with qualified institutional investors. For additional information or to schedule a one-on-one meeting with KULR management, please contact Gateway Group at KULR@gatewayir.com.
KULR TECHNOLOGY GROUP PARTNERS WITH THEORY RACING TO DEVELOP NEXT-GENERATION E-BIKE BATTERIES
The partnership with Theory comes on the heels of the Company announcing that it will introduce its all-new modular energy storage platform, KULR ONE, at CES 2023 this January 5-8. KULR ONE is a family of next-generation battery packs bringing a combination of safety, performance, intelligence, modularity and reliability to the world’s most demanding applications.
KULR TO INTRODUCE ALL-NEW MODULAR ENERGY PLATFORM, KULR ONE, AT CES 2023
Meet-and-Greet with KULR Partners, Indy Racing Legends Mario and Marco Andretti with No. 98 KULR Technology Honda Indy Car on Display
KULR SECURES FIRST CUSTOMER FOR KULR VIBE UNDERSCORING SOLUTION’S COMMERCIAL APPLICATION IN THE AVIATION SECTOR
The Client is one of the world’s largest civilian helicopter operators with over 250 diverse aircraft spanning 5 continents. Through KULR VIBE, the Company addresses one of the most challenging issues with advanced machinery today, excessive vibrations.
KULR’S CELLCHECK LAUNCHES ON MICROSOFT’S AZURE CLOUD COMPUTING SERVICE
KULR will demonstrate CellCheck on Azure Cloud with live sensor data capture at the upcoming 2023 International Consumer Electronics Show in Las Vegas on January 5-8, 2023.