StockWireNews

(NYSE American: KULR) Has Been Put On Immediate Watch For Thursday AM (5 Potential Breakout Catalysts)

June 19th

Greetings Readers,

Right now, an NYSE American profile is checking multiple boxes for breakout potential.

We're talking bullish technical indicators.

Barchart is reporting a total of 10 technicals triggered as of Tuesday's closing bell.

We're talking strong analyst coverage.

At least one target suggests significant upside potential well over 1,500% from current levels.

We're talking huge news throughout 2024.

Not even halfway through this year, time and time again this company has dropped bombshell news.

Most recently, this up-and-comer announced a game-changing order from an overseas multinational that could soon start turning heads on Wall Street.

And as a past champ with multiple double-digit (approx.) short term runs under its belt after our profiles, acting with urgency to get this breakout idea on your screen is a must.

Drop everything and pull up:

*KULR Technology Group, Inc. (NYSE American: KULR)*

KULR Technology Group, Inc. is a leading energy management platform company offering proven solutions that play a critical role in accelerating the electrification of the circular economy.

One of the main markets that KULR is targeting right now is the Energy Storage Sector.

Here's why that's important...

Due to its swift growth, as reported by Precedence Research, this space is expanding rapidly.

The Global Energy Storage Systems market is expected to grow over $200Bn by 2030!

Though there is no certainty that KULR will scoop up any major chunk of that market share, nevertheless, it remains a substantial positive force driving the company forward.

Risks Grow as Use of Lithium-Ion Batteries Increases

Lithium battery fire incidents involving e-bikes, e-scooters, hoverboards, smartphones, and electric vehicles are a serious public safety concern creating a surge in demand for improved battery safety technologies and thermal management solutions.

Since 2017, lithium battery incidents involving smoke, fire, extreme heat, or explosion have occurred once every eight days on planes or in airports. (Source: FAA.gov)

Market Opp's: Space Proven Lithium-Ion Battery Design and Testing Methodology

Revolutionary Battery Packs: Introducing KULR ONE

KULR ONE is a family of revolutionary battery packs that are accelerating the global transition to a sustainable electrification economy. These new and innovative designs bring a combination of safety, performance, intelligence, modularity and reliability for the world’s most demanding applications.

1. SAFETY

Using KULR Technology’s proprietary Thermal Runaway Shield (TRS) technology, KULR ONE & KULR ONE SPACE offer industry leading passive propagation resistance (PPR).

2. PERFORMANCE

Utilizes top quality and performing 21700 and 18650 cells that offer fast charge and discharge capability.

3. INTELLIGENCE

Integrated with KULR Technology’s proprietary CellCheck digital battery safety system, KULR ONE sends battery performance and health data directly to the cloud, so you can monitor, analyze and predict your applications longevity.

4. MODULARITY

Designed to be removed from one application and used on another, KULR ONE offers you the ability to standardize your battery pack design on a wide variety of your applications which gives your customers flexibility with powering their devices at home or in the field.

5. RELIABILITY

Designed by Engineers who previously worked at NASA designing battery packs suitable for manned spaceflight, KULR ONE is manufactured with highest quality materials, using the most well thought through and vigorously tested designs, by the world’s best Battery Design Engineers.

6. CUSTOMIZABILITY

Using their world class Battery Design Engineers and Manufacturing capability, KULR Technology can design and manufacture a battery pack specific for your individual application needs. This can include a wide variety of form factors and performance characteristics with unparalleled quality and reliability.

Find Important Sources/Details Here: Company Website. Company Presentation.

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Right now, KULR has several potential breakout catalysts to take notice of quickly. Check this out...

#1. KULR Potential Catalyst - Analysts Are Foaming At The Mouth Over KULR After Recent Company Developments.

In 2024, KULR has been dropping major news announcement after major news announcement.

Revenue growth, contracts secured, strategic partnerships forged...

KULR has been on a roll and analysts have taken notice.

Within the last couple months, Taglich Brothers has raised their price target by a full 25%!

Their rating reflects the "revenue growth prospects for the company’s KULR One within the energy storage market."

But here's where things get wild...

Last month, Litchfield Hills Research reiterated their massive $7.00 target!

From Tuesday's closing valuation, that provides KULR with a killer potential upside of over 1,500%!

Not to be outdone, Zacks has also weighed in with a key vote of confidence: KULR Technology Group (KULR) Upgraded to Buy: Here's What You Should Know

Analysts. Mouths. Foaming.

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#2. KULR Potential Catalyst - KULR Secures Contract With Japanese Multinational Automaker (EV Market Creates Interesting Opp's For Company).

KULR Experiences Fast-Growing Demand for Next-Gen EV Battery Safety and Testing Solutions with Order from Top Japanese Automaker

Battery Testing and Analysis Services Unit to Generate $8Mn to $10Mn Revenue Annually Starting in 2025

SAN DIEGO, May 29, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a global leader in sustainable energy management, today announced it has secured a contract from a top Japanese multinational automaker (“Automaker”) for testing and analysis of high-energy battery cells intended for their next-generation electric vehicles. The Company will utilize its KULR ONE Design Solutions (K1-DS) platform to expedite design readiness for the Automaker’s future electric vehicle buildout.

...

Originally, K1-DS was developed to introduce customers to KULR products, with the goal of transitioning to volume production. While this remains the Company’s core objective, over time KULR has expanded its testing services, projecting it to become an annual $8 to $10Mn revenue standalone business starting in 2025, without additional in-vest-ment in testing capabilities.

New K1-DS contracts are in progress as KULR recognizes design services as a high-margin, recurring revenue stream, with the automotive sector being a prime target for ongoing business. This demand is largely driven by electric vehicle manufacturers' continuous evaluation of next-generation cells for improved efficiency and faster charging times. According to last year’s International Energy Agency's projection, electric vehicles, including fully electric and plug-in hybrid models, are expected to account for 35 percent of new vehicle sales worldwide by 2030. The Company expects the FTRC to remain widely used across various industries for assessing both current and future cell technologies.

Read the full article here.

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#3. KULR Potential Catalyst - Company's CEO Sees A Bright Future, Goes "All In" Reducing Cash Salary

KULR CEO Michael Mo Reduces Cash Salary to Better Align with Shareholder Value Creation

SAN DIEGO, May 23, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), global leader in safe and high-performance energy storage solutions, today announced that, in keeping with the Company’s recent efforts to reduce its cash consumption, KULR’s comp-en-sation committee approved a voluntary request by CEO Michael Mo to reduce the cash component of his compensation by 33% and, believing in the future of KULR, to instead grant him an equity incentive grant that does not vest for 12 months from such grant date.

The strategic move ensures one-third of Mr. Mo’s salary going forward is provided at market value of the Company’s st-ock, further aligning his interests with those of shareholders. With this revised compensation model, the CEO's benefits will directly correlate with value creation as the executive team drives the Company's transformation and industry innovation.

...

Read the full article here.

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#4. KULR Potential Catalyst - A Wild Revenue Increase Of Over 100% YoY Cannot Be Ignored For KULR.

KULR Technology Group Reports Record Annual Revenue for 2023

Full-Year 2023 Revenue Up 146% Year-Over-Year

SAN DIEGO, April 12, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced its fin.an.cial results for full-year 2023.

Full-Year 2023 Financial Results:

Revenues: Revenue increased 146% to $9.83+Mn in 2023 from $3.99+Mn in 2022. The increase in revenue was mainly due to early success in the energy storage and battery transportation and recycling sectors. The Company continues to build its relationships with a wide range of energy, transport and aerospace partners and has billed 53 customers during the year ended December 31, 2023, a 47% increase from 36 billed customers during the year ended December 31, 2022. These additions reflect management’s commitment to build new customer relationships through a growing pool of referrals and business development leads.

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Read the full article here.

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#5. KULR Potential Catalyst - Triggered Technical Indicators Could Be Hinting A Possible Breakout Lurking Around The Corner.

At 4:00PM EST Tuesday, Barchart was reporting several triggered technical indicators to be triggered across the short, medium, and long term.

Here's their list (as of close Tuesday):

Short Term Indicators

• 20 Day Moving Average
• 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

• 100 Day Moving Average
• 150 Day Moving Average
• 200 Day Moving Average
• 100 - 200 Day MACD Oscillator

Make sure to watch these technical indicators closely moving forward.

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KULR Recap - The Top Potential Breakout Catalysts To Watch For Right Now

#1. Analysts Are Foaming At The Mouth Over KULR After Recent Company Developments.

#2. KULR Secures Contract With Japanese Multinational Automaker (EV Market Creates Interesting Opp's For Company)

#3. Company's CEO Sees A Bright Future, Goes "All In" Reducing Cash Salary

#4. A Wild Revenue Increase Of Over 100% YoY Cannot Be Ignored For KULR.

#5. Triggered Technical Indicators Could Be Hinting A Possible Breakout Lurking Around The Corner.

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Coverage is officially reinitiated on KULR Technology Group, Inc. (KULR).

I'll be in touch again soon. Keep your eyes peeled.

Sincerely,

Kai Parker

StockWireNews

(Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.)