Hello Everyone,
We wanted to put KULR back in front of you for today's session.
We have profiled this one many times over the years and have seen some real volatility with this one in the past.
We truly get excited every time we are able to put it back in front of you.
You may remember it from back in late March when we brought it to your attention.
It went nuts over the next 3 weeks and went on to make a 300% move and jump from right around where it is currently sitting and smoke past .90 on huge interest.
The company was dropping some huge news announcements back then and the street was LOVING IT.
There is a lot to catch up with on the news front with this one.
KULR Technology Group Inc (NYSE: KULR) develops and commercializes high-performance thermal management technologies for batteries, electronics, and other components across an array of battery-powered applications. As the global economy becomes increasingly electrified and connected, KULR is addressing the rising demand for cooler, lighter, and safer 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 provides customers with industry-leading battery safety technologies as well as cost-effective cooling technologies that outperform traditional solutions. The world’s leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers trust KULR to solve safety, reliability, and efficiency challenges in an ethical and environmentally sustainable manner.
Active government initiatives propelled by industry and regulatory tailwinds are increasing demand for battery recycling and clean energy, resulting in an expanding total addressable market for KULR’s solutions. The Company’s disruptive technologies strive to fulfill an addressable $24 billion thermal management systems market (estimated based on market data projections published by Converged Markets stating that the thermal management systems market size was projected to grow from $11.1 billion in 2017 to $24.8 billion by 2025. KULR’s integrated design approach offers comprehensive solutions in thermal interface materials, lightweight heat exchangers, and protection against lithium-ion battery thermal runaway propagation. Its high-performance solutions can be designed to fit demanding configurations and applications.
As companies and governments around the world pledge to meet net zero emissions over the next few decades, KULR is uniquely positioned to accelerate the adoption of clean energy solutions and sustainable products and facilitate the migration to a global circular economy. The Company’s goal is to provide total battery safety solutions for more efficient battery systems, increased sustainability, and end-of-life battery management, making KULR a key technology solutions provider in the migration to a global circular economy.
CATALYSTS
- Leveraging KULR’s roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR provides customers with industry-leading battery safety technologies as well as cost-effective cooling technologies that outperform traditional solutions.
- KULR is currently processing up to 10,000 lithium-ion cells per week as well as preparing for tests performed by NASA, the Department of Defense (“DoD”), and others performing manned flighted missions.
- KULR was awarded three additional contracts with DoD prime contractors to implement the Company’s carbon fiber cathode solution for high-power magnetic and other covert pulse weaponry initiatives.
- KULR also secured a new battery safety contract with NASA to test its lithium-ion cells for future battery packs designed for the Artemis Program, a series of US-led international human spaceflight programs.
- KULR recently appointed former NASA Johnson Space Center senior leader Dr. William Walker as Director of Engineering.
- KULR expects to procure lithium-ion battery cells providing up to 500-megawatt hours (“MWh”) of energy capacity, enough to power approximately 40,000 homes.
- KULR just received a follow-on phase change material heat sink order from Lockheed Martin
- 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.
- 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 Receives up to $1.5M Satellite Battery Systems Order from South Korea’s Nara Space for Artemis II CubeSat Mission
HOUSTON, Sept. 10, 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 been awarded an initial contract valued close to $1M, with additional options bringing total contract value up to $1.5M, to supply 20793-rated battery systems to South Korea’s Nara Space (NARA) for their CubeSat mission aboard Artemis II. This project is part of a larger collaboration involving the Korea Astronomy and Space Science Institute (KASI) and the National Aeronautics and Space Administration (NASA), where Nara Space is providing the CubeSat to KASI, as part of the Artemis program.
This award highlights KULR’s growing influence in the aerospace sector and reinforces its position as a trusted partner in developing cutting-edge energy solutions for space applications. Recent analysis by Pro Market Reports projects the Space Battery Market to reach USD 25.14 billion by 2032.
KULR’s successful delivery of a 20793-rated battery to NARA in record time marks a significant milestone in our battery design service initiatives. This achievement reflects the Company’s strategic investment in offering a comprehensive suite of design services, including cell selection and screening, thermal modeling, passive propagation-resistant design, and multi-fault tolerant strategies tailored for space and defense applications. Leveraging the KULR ONE Space (K1S) architecture, we are able to facilitate an expedited four-month turnaround for NARA to receive a fully 20793-compliant system.
We are excited to announce the availability of the K1S architecture to customers seeking to accelerate their path to 20793 certification. This customizable solution allows for faster time to market and enhanced cost efficiency. By offering a ready-made platform, KULR enables customers to reduce development time and achieve compliance with greater speed and effectiveness.
The awarded contract underscores KULR’s continued commitment to developing advanced energy solutions for space and defense applications, which often require challenging combinations of safety and performance. Leveraging its existing research and development efforts for space-rated battery systems, KULR will deliver a scalable battery architecture specifically designed to meet the rigorous safety and performance standards required for human spaceflight (20793 compliance). The options included in the contract will be exercised pending further evaluation with NASA to determine the necessity of additional testing.
Dr. Will Walker, CTO of KULR Technology Group, stated, “Our turn-key design approach with KULR ONE Space (K1S) has been the focal point for our battery design teams for the last 12 months, and our resulting position to support NARA’s timeline, which is driven by NASA, represents a major advancement in simplifying and reducing the cost of battery integration for future human-rated space missions. By delivering a fully compliant and scalable solution, we are helping to pave the way for more efficient and reliable space exploration.”
Ted Krupp, VP of Sales and Marketing at KULR Technology Group, added, “NARA’s decision to partner with KULR was driven by our ability to rapidly bring products to market and our strong relationships within NASA. These factors are critical in optimizing the certification process for both NARA and KASI, an affiliated research institute of the Korea AeroSpace Administration(KASA), ensuring that their CubeSat is ready for its role in the Artemis II mission. The NARA 20793-rated battery will be delivered in record time for this classification of energy storage system.”
READ THE FULL REPORT HERE: https://www.insiderfinancial.com/profile/kulr-profile-25
Sincerely,
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