Thermal runaway shield acts as a heat sink during normal lithium-ion battery pack operation but also prevents thermal runaway propagation, which is a serious concern for aerospace and defense customers and electric vehicle manufacturers.
A vaporizing thermal capacitor that provides passive prevention of thermal runaway propagation (TRP) in lithium-ion battery packs.
Thermal runaway can occur spontaneously in a Li-ion cell due to a short.
This can trigger an explosive release of electric energy that ruptures the end cap resulting in a flare and combustion of cell materials.
Released heat drives the triggered cell temperatures to > 500°C, causing a dramatic increase in neighboring cell temperatures. Temperatures above the critical 130°C greatly increase the chance for a short in adjacent cells and result in TRP. This product keeps neighboring cell temperatures from rising above 100°C (well below the 130°C threshold) and prevents TRP.
Effective passive thermal management solutions for battery packs ranging from 10 to 4,000 cells are in demand.
This is especially the case with high-performance applications that draw more power from the battery pack, which can be the case with E-Mobility applications.
The company's US-designed, NASA-tested design is a very light-weight, durable heat sink that keeps lithium ion batteries cooler and safer.
A perfect fit for an automotive industry (electric vehicles) that demands safe and reliable, light-weight battery management solutions.
Grab Sources And Read More About KULR On Their Company Website.
And as I mentioned previously, KULR has several potential catalysts that could spark vertical movement near term. Here's what to take into account.
No. 1 KULR Potential Catalyst - $7.00 Price Target Provides Over 300% Potential Upside From Friday's Close
Analyst Theodore R. O’Neill of Litchfield Hills Research reiterated a buy rating and slapped KULR with a $7.00 price target back towards the end of 2021.
Here are some key highlights from his report:
Initial $500K order for immediate delivery. Yesterday, the company announced the Company has received an initial order totaling approximately $500K for its passive propagation resistant ("PPR") battery systems from the Lockheed Martin Corporation (NYSE: LMT-NR). This initial order is for immediate delivery and is the starting point in the partnership as LMT leverages KULR's technological advancements in PPR energy products for its Advanced Energy Systems that use next generation lithium-ion batteries.
Demand growing as lithium-ion battery use grows rapidly. KULR's PPR energy products include the Thermal Runaway Shield ("TRS"), the Internal Short Circuit ("ISC"), its full suite of proprietary battery design and testing methodologies, as well as the battery cell screening and monitoring system KULR developed for its aerospace and U.S. Department of Defense ("DoD") customers.
Well protected IP. The company’s technology is well protected. It has eleven granted U.S. patents of which five are directly related to “thermal runaway shield(s).”
Building a suite of battery safety products. Its lithium-ion battery safety technology solutions is recognized by the U.S. Department of Transportation which expanded its expansion of a permit to transport reused, refurbished and retrofitted lithium-ion batteries for recycling on September 24, 2021.
Attractive valuation. Although the shares trade above peer averages, on the basis of discounted future earnings, we feel the shares are undervalued.
Read the full report here.
No. 2 KULR Potential Catalyst - A New Strategic Relationship With "Molicel" Could Prove Extremely Fruitful
KULR Partners with E-One Moli Energy Corporation to Advance its Total Battery Safety and Thermal Management Solutions Strategy
SAN DIEGO, June 30, 2022 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion (“Li-ion”) battery safety and thermal management technologies, placed an initial order for over 75 megawatt hours (“MWh”) of Li-ion battery cell capacity from Taiwan’s E-One Moli Energy Corporation (“Molicel”) to design and build battery applications with the highest safety ratings. As part of the strategic relationship, KULR would purchase over 700MWh of battery energy capacity to further accelerate its production and supply chain localization initiatives within North America.
Molicel, a subsidiary of publicly traded Taiwan Cement (1101. TW), has been a leading innovator in the Li-ion battery industry for more than four decades and is focused on developing the high-power cylindrical cell segment as a top tier global supplier. The company has proven to be a world-class manufacturer of high-performance rechargeable Li-ion cells and battery pack products. Molicel was the first organization in the world to produce high-power Li-Ion cells for high discharge rate applications, producing the world’s first Li-Ion power tool system, and it supplied the first NASA Spacesuit Li-Ion battery on the STS-133 mission.
“Partnering with a battery supplier that has the technical and manufacturing pedigree of Molicel is an important step for our growth strategy," said KULR CEO Michael Mo. "This collaboration ensures that KULR has access to world-class Li-ion battery capacity – an increasingly scarce resource given today's global supply chain challenges. As a total battery safety platform solution provider, we will incorporate our core technologies into battery pack design, testing and production to create the safest batteries for high value applications. This is an inflection point for KULR as it positions our thermal safety solutions platform to become better entrenched in the marketplace, ultimately providing us with an opportunity to optimize logistics and to more effectively capture full value for our shareholders. As we described earlier this year, we plan to continue investing in the localization of our production and supply chain to North America. Securing this Molicel battery cell supply accelerates our ability to provide total solutions to high value customer applications with revenue potential that could exceed $350Mn.”
Through the partnership with Molicel, KULR will apply a holistic and comprehensive solution to battery safety and thermal energy management with a suite of technologies including its: Passive Propagation Resistant (“PPR”) design and testing, Internal Short Circuit (“ISC”) trigger cells, Fractional Thermal Runaway Calorimeter (“FTRC”) testing and AI-powered CellCheck battery management system, to target the following markets:
- Aerospace and defense systems, such as CubeSat batteries meeting JSC 20793 safety requirements and the strategic battery reserve program initiated by NASA
- Energy storage systems
- High-performance electric vehicles and electric vertical take-off and landing (“eVOTL”)
- Premium industrial and consumer electronics
Read the full article here.
No. 3 KULR Potential Catalyst - Lockheed Martin Makes Follow-on Order For PCM Heat Sink Technology
KULR Receives Follow-On Phase Change Material Heat Sink Order from Lockheed Martin
SAN DIEGO, June 29, 2022 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, announced today it received a follow-on order for its space-developed phase change material (“PCM”) heat sink technology from leading aerospace and defense company Lockheed Martin Corporation (NYSE: LMT).
Phase change material heat sink technology reduces system temperature excursions and extends both the life of key components within the thermal storage process. The solution is most useful for compact and high-performance devices that require bursts of computational power in short time intervals. KULR’s PCM heat sink technology is compact, reliable, and lightweight and has been utilized by leaders in the U.S. aerospace and defense industries.
“Repeat business like this is a testament to our reliable engineering, testing, and design capabilities that meet the stringent requirements of long-range weapon systems,” said Keith Cochran, President & COO of KULR Technology Group, Inc. “Our many years of experience designing lightweight and durable heat sink technologies positions us well to capture additional share of the thermal design market for military precision strike weapons. Lockheed is a valuable customer to us, and we look forward to the continued partnership in providing them the best thermal management technologies for crucial aerospace, defense and other systems.”
Read the full article here.
No. 4 KULR Potential Catalyst - KULR's Recent Hot Streak Has It Trading From A Position Of Potential Strength
Over the past 3 weeks, KULR appears to be heating up.
So much so that as of close Friday, KULR had pushed above several key lines of potential support.
Those include KULR's:
- 5-Day Simple Moving Average (SMA)
- 20-Day SMA
- 50-Day SMA
- 5-Day Exponential Moving Average (EMA)
- 13-Day EMA
That's great and all, but here's the key detail to pay attention to.
As of close Friday, KULR had a 200-Day SMA of just over $2.18.
With so much potential support just below KULR, there may be little resistance towards a return to its 200-Day SMA!
Now, I'm not saying KULR is going to make a big double-digit surge to any previous high around $2.18, but you need to be aware of the potential upside from current levels.
No. 5 KULR Potential Catalyst - Inclusion In Russell Microcap Index Could Provide Added Exposure
KULR Set to Join Russell Microcap® Index
SAN DIEGO, June 06, 2022 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, is set to join the Russell Microcap® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the US market opens on June 27, according to a preliminary list of additions posted June 3.
Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
“We look forward to joining the well-known Russell Microcap® Index, as it will enhance our equity profile and support our efforts in expanding our existing base of institutional in-vest-ors,” said KULR CEO Michael Mo. “As we just pass the year mark from uplisting to the NYSE, it is truly an honor to be on track to achieve another encouraging milestone in our company’s history. With several exciting initiatives brewing in the pipeline, we look forward to further sharing the KULR story to the broader investment community.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12Tn in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
Read the full article here.
KULR Recap - 5 Potential Catalysts Could Provide This Past Champ With Breakout Fuel
No. 1 - $7.00 Price Target Provides Over 300% Potential Upside From Friday's Close
No. 2 - A New Strategic Relationship With "Molicel" Could Prove Extremely Fruitful
No. 3 - Lockheed Martin Makes Follow-on Order For PCM Heat Sink Technology
No. 4 - KULR's Recent Hot Streak Has It Trading From A Position Of Potential Strength
No. 5 - Inclusion In Russell Microcap Index Could Provide Added Exposure
Coverage is officially reinitiated on KULR. When time permits, do this: