Big Breaking Patent News Has Tech Profile (KULR) Trending Green Early This AM, Read Now
KULR is making green moves this AM and requires your immediate attention.
Why? Because the company just dropped huge news this morning.
Check it out:
KULR Technology Group Announces Issuance of U.S. Patent Covering Risk Minimization of Fires and Explosions in Lithium-Ion Battery Packs
Issuance of United States Patent Number 11018397 Further Bolsters Intellectual Patent Portfolio
SAN DIEGO, CA / ACCESSWIRE / May 27, 2021 / KULR Technology Group Inc. (OTCQB:KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, announced today the United States Patent and Trademark Office has awarded it a patent on its Thermal Runaway Shield (TRS) - a passive propagation resistant solution designed and successfully tested to reduce the hazardous risks associated with thermal runaway in lithium-ion battery packs. This is the third patent the Company has been granted on its TRS technology.
The Company's TRS is a sleeve-like shield that surrounds and separates individual cells in multi-cell packs and contains carbon fiber core and liquid coolant. The unique combination and configuration of the shield passively draws intense heat of cell failures away from nearby cells while dousing the failed area in a cooling and fire-prevention liquid. The TRS product is used by NASA to transport to and store batteries aboard the International Space Station.
"Securing this patent is the continuation of our progress in making batteries safer," said Dr. Timothy Knowles, co-founder and Chief Technology Officer of KULR. "We are extremely proud with the development of our patent portfolio. This new issuance expands the comprehensiveness of our battery safety technology covering disastrous battery failures."
The KULR team brings technologies and multi-decades of experience capable of solving today's problems in thermal management. In October 2020 the Consumer Product Safety Commission reported KULR's design solutions could stop fires and explosions in lithium-ion battery packs, and provided additional insights on the future of safe battery technology.
"Battery safety is a global concern across many large and rapidly growing markets such as electric vehicles, battery storage, 5G infrastructure, drone delivery, and space exploration," said Michael Mo, CEO of KULR. "We continue to work with government agencies, regulators and commercial customers across the world to deploy our technology."
The patent, issued as #11018397, was awarded on May 25th, 2021.
Read the full article here.
Could this be the news to create a breakout spark for KULR?
As I mentioned previously, Barchart is reporting this profile to have at least 8 technical indicators triggered as bullish over the short, medium, and long term.
If you haven't yet, get KULR on your radar and read my initial report below.
Did you see what happened with recent profile, (FLGC)?
Alerted this past Saturday after it closed the week at $3.25, FLGC went on an absolute two day tear.
When it hit a high of $4.15 on Wednesday, the profile had climbed approximately 27% from this past Friday's close.
Not too shabby.
At the same time, I've been keeping a close eye on another profile with exciting upside potential which could be on the verge of a major vertical surge.
Let me ask you, what do you know about space travel?
You know... Space: the final frontier.
Growing up, space always seemed so close because of what you were able to see on TV and the movie screen.
Though, when the shiny fantasy of your Star Wars and Star Trek type entertainment wore off, it would be easy to admit to yourself that you’re probably never going to leave Earth.
That said, here we are and commercial space travel is on the horizon.
Millions are enthralled by the thought of leaving the surface and testing the waters of space travel. Granted, while space tourism companies aren’t quite ready to send folks into space just yet, the industry is seeing demand.
In fact, according to analysts at Cowen, “39% of people with a net worth of more than $5Mn are interested in paying at least $250k for a flight.”(1)
Better, by 2040, Morgan Stanley believes the industry could be worth about $1Tn.(2)
For these reasons and more, there is one company you need to get on your radar ASAP:
KULR Technology Group, Inc. (KULR)
KULR Technology Group, Inc. 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 space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer.
And, because of huge news this week, KULR needs to be your immediate focus now. Check it out:
Your No. 1 Potential KULR Catalyst
KULR Technology Group Announces Sponsorship of Marco Andretti in the 105th Running of the Indianapolis 500 on Sunday, May 30th, 2021
SAN DIEGO, May 25, 2021 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, today announced it will serve as a sponsor of Marco Andretti in the 105th Running of the Indianapolis 500 this Sunday, May 30, 2021. Piloted by Marco Andretti, the No. 98 Honda represents a partnership between Andretti Herta-Haupert Autosport with Marco Andretti and Curb-Agajanian. As a corporate sponsor, the KULR logo will be featured on the side tire ramp of the race car.
KULR Technology Group Inc. develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Earlier this year KULR became the official thermal management and battery safety technical partner for Andretti Technologies, the advanced technology arm of racing enterprise Andretti Autosport. The alliance establishes a thermal management testing and design platform for high-performance battery solutions with the highest safety ratings adapted to the technical requirements of Andretti’s racing enterprise.
"Excited to have KULR expand to our INDYCAR family for this year’s Indy 500,” said Marissa Andretti, Vice President, Andretti Autosport. "We already collaborate together on other motorsports projects, and we are both huge proponents of highlighting technical excellence, racing safety, and team building. I'm excited to see what we can accomplish together – both on and off the track."
"The Andretti name represents the pinnacle of racing achievement in the NTT INDYCAR SERIES," said Michael Mo, CEO, KULR Technology Group. "KULR is honored to be associated with the heritage and legacy Andretti Autosport maintains in the world of high-performance racing."
In April 2021, KULR became official thermal management and battery safety provider for Andretti United Extreme E, the combination of U.S.-based Andretti Autosport and England’s United Autosports, for Extreme E, the new all-electric off-road global racing series.
Read the full article here.
Your No. 2 Potential KULR Catalyst
KULR Technology Group Inc. Reports First Quarter Results and Announces Shareholder Update Call
SAN DIEGO, CA / ACCESSWIRE / May 21, 2021 /KULR Technology Group, Inc. (OTCQB:KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, today announced its financial results for the first quarter ended March 31, 2021.
KULR's Q1 revenue increased by 439% year-over-year as we continue to make significant investments in all areas of our business to sustain and expand in 2021 and beyond. We are pleased to announce the Company recently raised $6.5Mn in capital on May 20, 2021. Our belief is that this investment validates the value our new investors see in KULR's ability to commercialize within additional e-mobility markets. This funding is expected to significantly strengthen the Company's balance sheet and further advance KULR's up listing process to a senior U.S. exchange.
KULR's business model continues to evolve as the Company focuses on near-term commercialization opportunities for its technology in the energy storage, electrical transportation, and battery transportation markets. We recently announced our first new smart battery product for the commercial drone market. This is the opening step of KULR's overall strategy to target adjacent markets complimentary to our established battery safety and thermal management products to expand into additional e-mobility markets in 2021. Additionally, we have targeted using our carbon fiber technology inside battery cells to make lighter and safer batteries with fast charge capability.
First Quarter 2021 and Recent Operational Highlights
In April 2021, KULR announced the June 2021 launch of a new product line of high-capacity lithium battery packs targeting the $127Bn commercial drone market, according to PricewaterhouseCoopers. The Company recently secured a global commercial drone manufacturer as a customer and expects to secure additional customers in the second half of 2021.
In March 2021, Keith Cochran joined KULR as President and COO. Mr. Cochran was previously SVP of Global Business Unit at Jabil where he was responsible for the $3.7Bn smartphone business and managing over 65,000 employees in US and Asia. Keith brings over 25 years of experience in business operations, supply chain management and large-scale manufacturing automations.
KULR became the official thermal management and battery safety technical partner for Andretti Technologies, the advanced technology arm of Andretti Autosport, founded by Michael Andretti. As part of the alliance, KULR will establish a thermal management testing and design platform for high performance battery solutions with the highest safety ratings specially adapted to the rigorous technical requirements of Andretti's global racing enterprise. Both partners will also focus on co-developing and co-marketing motorsports' battery and safety technologies to automotive partners for mass market EV applications.
KULR strengthened its Board by the appointments of Joanna D. Massey and Morio Kurosaki as directors, contingent upon the Company's common stock being approved for up listing to a senior national exchange and expect their involvement to strengthen our corporate governance and strategic direction.
In April 2021, KULR announced former Jabil Operations Manager, Antonio Martinez, as new Vice President of Operations. Mr. Martinez will be responsible for managing day-to-day operations of the Company's manufacturing department as well as supporting strategic growth goals. Mr. Martinez joins KULR with over 37 years of leadership and worldwide manufacturing experience in Electronics Manufacturing and Operations.
KULR announced it was expanding its manufacturing presence to a new, larger facility in San Diego, CA to accommodate continued business growth.
Read the full article here.
Your No. 3 Potential KULR Catalyst
KULR Introduces High Capacity Lithium Battery Packs for Commercial Drone Market
Company’s Customized Battery Pack Platform Targets the Global $127B Commercial Drone MarketSAN DIEGO, April 21, 2021 (GLOBE NEWSWIRE) -- KULR Technology Group Inc. (OTCQB: KULR) (the "Company" or "KULR"), a leading developer of next-generation thermal management technologies, today announced the June 2021 launch of a new product line of high capacity lithium battery packs targeting the $127Bn commercial drone market, according to PricewaterhouseCoopers. The Company recently secured a global commercial drone manufacturer as a customer and expects to secure additional customers in the second half of 2021. The announcement is a first step in KULR’s overall strategy of targeting adjacent markets complimentary to the Company’s established battery safety and thermal management products. KULR intends to expand into additional e-mobility markets in the coming year.
KULR President and COO, Keith Cochran, commented, “As I previously shared when I joined, KULR would be building the organization to prepare for entry into mass production markets. As such, we hired a very experienced VP of Operations and announced our move into a facility with four times the manufacturing floor space. These steps were taken in support of delivering the first of KULR’s EV Battery Pack platform. We targeted markets that are adjacent and complimentary to KULR’s established battery safety and thermal management products. The first market in our scope is commercial drones. However, we intend to expand rapidly into other markets. We are very excited to finally be able to share this news with our inv-estors.”
Despite the tremendous potential that drones hold, their adoption rate is strongly affected by battery related safety risks as well as technology issues such as energy densities of batteries and most of all -- weight. KULR's energy efficient battery pack platform incorporates an inherently safe and lighter battery with advanced chemistry and thermal management technology. For drone makers, that means a drone can fly farther and longer on a single charge. KULR's technology is based on the Company's 30+ year history specializing in carbon based fiber materials applied to thermal management and battery safety. Additional smart battery features of the KULR drone battery pack include monitoring of battery state at the cell level and pack level, visible warning indicators, battery capacity indicators, balancing of charge control, anti-spark connectors, maintenance of battery condition history which is accessible via CAN/SMBus communication, and most importantly thermal runaway and battery fire mitigation.
The KULR team brings technologies and multi-decades of experience capable of solving today's problems in thermal management. In October 2020 the Consumer Product Safety Commission reported KULR’s design solutions could stop fires and explosions in lithium-ion battery packs, and provided additional insights on the future of safe battery technology.
KULR's initial drone battery pack platform will service the high performance market at a retail price between $450 to $550 US Dollars, with drone battery pack platforms servicing the mid to moderate performance markets expected to soon follow.
Read the full article here.
Your No. 4 Potential KULR Catalyst
KULR Moves to New Facility to Accommodate Continued Growth
Move to larger facility along with recent key hires illustrates Company's continued commitment to scaling production as it continues to push forward with uplisting process to a U.S. senior exchange
SAN DIEGO, April 13, 2021 (GLOBE NEWSWIRE) -- KULR Technology Group Inc. (OTCQB: KULR) (the "Company" or "KULR"), a leading developer of next-generation thermal management technologies, today announced it is expanding its manufacturing presence to a new, larger facility in San Diego, CA to accommodate continued business growth.
KULR plans to leverage its new facility to commence commercialization of its product portfolio while also establishing new internal operational efficiencies. The new facility will also provide KULR's partners with improved work space to facilitate collaboration and communication while providing the Company with further room for growth.
“We’re truly happy to be able to move into a new building with significantly more production space while remaining in our home city of San Diego,” said Keith Cochran, President and COO of KULR Technology Group. “More than anything, this move and recent key hires represent our continued commitment to scale and commercialization of KULR's space-proven thermal management technologies. This strategic move will assist the Company as it pushes forward with the uplisting process to a U.S. senior exchange.”
As of May 1, 2021, KULR's new location will be based at the McGrath Commerce Center, 4863 Shawline Street, Suite B, San Diego, CA 92111.
Read the full article here.
Your No. 5 Potential KULR Catalyst
As of close 11:00PM EST Wednesday, KULR was displaying a multitude of triggered technical indicators on Barchart. Check these out:
Short Term Indicators
- 20 - 100 Day MACD Oscillator
- 20 - 200 Day MACD Oscillator
Medium Term Indicators
- 50 - 100 Day MACD Oscillator
- 50 - 150 Day MACD Oscillator
- 50 - 200 Day MACD Oscillator
Long Term Indicators
- 150 Day Moving Average
- 200 Day Moving Average
- 100 - 200 Day Moving Average
Could these triggered technicals be signaling a potential vertical surge for KULR in the near future?
KULR Top 5 Potential Catalysts Recap: What To Know
#1. Announcing Sponsorship Of Marco Andretti
#2. First Quarter Results And Corporate Update
#3. Introduction Of High Capacity Lithium Battery Packs For Commercial Drone Market
#4. Moving To New Facility To Accommodate Continued Growth
#5. Multiple Bullish Triggered Technicals
Coverage is officially initiated on KULR.