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 400% Potential Upside From 2/28'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 in November of 2022.
Here are some key highlights from his updated report:
One-cent miss to EPS but record revenue. KULR reported 3Q22 revenue and an EPS loss of $1.4MM and $0.05, respectively. Consensus 3Q22 revenue and EPS loss expectations were $0.9M and $0.04, respectively. The $0.01 EPS variance was due to lower margins and higher non-operating expenses, partially offset by lower operating expenses and higher sales.
Batting well above its weight. The company reported it has over 300 customers in the current quarter, with some of the world’s largest industrial and commercial companies such as Lockheed Martin (LMT-NR), Ball Aerospace, SAFT Group, General Motors (GM-NR), Cirba Solutions, Redwood Materials, Leidos Holdings (LDOS-NR), Meta Platforms (META-NR), Viridi Parente and BOSCH. KULR products protect and solve complex, real-world issues of heat, vibration, and safety.
Well capitalized. The company ended the quarter with $16.2MM of cash.
We are updating our estimates to include the results in the quarter, which increases our 2022 revenue to $3.4MM from $2.7MM. The 2022 EPS loss is unchanged at $0.19. For 2023, our revenue and EPS estimates are unchanged.
Although the shares trade above peer averages, it has held a premium for a considerable time and based on discounted future earnings, we feel the shares are undervalued.
Read the full report here.
No. 2 KULR Potential Catalyst - Revenue Appears To Be Off The Charts (Anticipated 137% Growth)
KULR Reports Preliminary Fourth Quarter 2022 Fi-nan-cial Results, Anticipates 137% Revenue Growth
SAN DIEGO, Feb. 13, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading energy management platform company accelerating the global transition to a sustainable electrification economy, today announced its unaudited preliminary fi-nan-cial results for the fourth quarter ending December 31st, 2022.
Q4’22 Fi-nan-cial Highlights and Operational Highlights:
- Revenue for the three months ended December 31, 2022, is estimated to be $1.813Mn, an increase of approximately 137%, compared to $766k in the same quarterly period of the prior year.
“We are very pleased with our revenue ramp and order flow moving into 2023,” said KULR CEO Michael Mo. “The platform, which we have built and continue to expand, positions KULR as a preferred solutions provider of lithium-ion battery safety and thermal management technologies. We look forward to continued growth as we leverage the tailwind of a robust battery supply chain and positive regulatory support.”
Read the full article here.
No. 3 KULR Potential Catalyst - Key Patent Awarded On KULR's SafeCase Tech
KULR Technology Group Announces Issuance of U.S. Patent Covering Li-Ion Battery Storage and Transportation Solution
Issuance of United States Patent 11502352 Further Bolsters Company’s Intellectual Property Portfolio
SAN DIEGO, Feb. 07, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading energy management platform company accelerating the global transition to a sustainable electrification economy, today announced that the United States Patent and Trademark Office awarded a patent on the technology behind its SafeCase products – a U.S. Department of Transportation (“DoT”) permitted lithium-ion battery cell and pack storage and transportation system. The SafeCase products are designed to mitigate thermal runaway propagation and its catastrophic effects for lithium-ion battery packs of up to 2.5 kWh (kilowatt-hours) per case by utilizing KULR’s patented Thermal Runaway Shield (“TRS”) technology.
In 2022, KULR gained immediate and open access to commercial partners and customers by securing United Parcel Service (NYSE: UPS) (“UPS”) shipping certification, which allows for shipment of batteries utilizing the KULR SafeCase products through UPS’ vast shipping network.
This is the fourth patent issued to KULR based on its TRS design architecture. As a result of its TRS solution, the Company more recently secured a trio of DoT granted special permits enabling it to strategically pursue regulatory markets ranging from shipping prototype batteries to end of life battery management, as well as those used by NASA to transport and store batteries aboard the International Space Station.
“We bring decades of experience solving today's problems within thermal management,” stated Dr. Will Walker, Chief Technology Officer of KULR Technology Group, Inc. “Previously, 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. We continue to work with government agencies, regulators, and commercial customers across the world incorporating our holistic methodology for designing safe battery systems.”
The lithium-ion battery market size is expected to grow at a CAGR of 13.1% from USD 44.5Bn in 2022 to USD 135.1Bn by 2031.
Read the full article here.
No. 4 KULR Potential Catalyst - KULR Continues Global Electrification Movement With New Partnership
KULR Technology Group Partners With Theory Racing to Develop Next-Generation E-Bike Batteries
Company Takes Technological Safety Advancements Derived from NASA-Proven Thermal Solutions to Mountain and City Commuter E-Bikes
SAN DIEGO, Dec. 29, 2022 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading energy management platform company accelerating the global transition to a sustainable electrification economy, today announced a partnership with Theory Racing (“Theory”), a leading World Cup Enduro racing team.
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.
“Collaborating with a leader in the mountain bike racing space, like Theory Racing, is a natural progression in KULR’s vision to support the global electrification movement,” said KULR’s CEO and Co-Founder, Michael Mo. “Working alongside Director Nic Bean and the Theory Racing team is a terrific opportunity for us to expand into high volume consumer applications as we evolve our NASA-proven battery safety technology to better service the e-bike industry.”
KULR will serve as Theory’s primary sponsor at the World Cup Enduro Tour, a global competition to showcase the future of top mountain bike talents. The Theory Global Enduro Program is a World Cup Enduro team that features top riders such as Julie Duvert and Carter Krasney who have proven to be competitive at the top of the sport internationally. KULR’s support will help push the Theory team to new heights, while electrifying their traveling infrastructure.
Read the full article here.
No. 5 KULR Potential Catalyst - Company Secures First KULR VIBE Client (One Of Top Civilian Helicopter Operators Globally)
KULR Secures First Customer for KULR VIBE Underscoring Solution's Commercial Application in the Aviation Sector
KULR Provides Client’s Global Fleet of Helicopters with Mission-Critical Maintenance Support
SAN DIEGO, Dec. 21, 2022 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading energy management platform company accelerating the global transition to a sustainable electrification economy, today announced that it has entered into a six-figure annual subscription agreement with an industry leading, American-based commercial helicopter operator (the “Client”) to provide global track and balance support for its fleet of helicopters via KULR VIBE, which provides a proprietary AI-driven vibration reduction solution. By incorporating KULR VIBE into their maintenance program, the Client can safely service and maintain operations of its diverse helicopter fleet which service customers in the oil and gas and air-medical sectors.
The Client is one of the world's largest civilian helicopter operators with over 250 diverse aircraft spanning 5 continents.
“KULR has a long history of developing products that offer its customers proven solutions built to safely withstand the most severe conditions, from space to extreme heat, while also mitigating the potentially devastating effects of excessive vibration on machinery,” said KULR’s President & COO, Keith Cochran. “Through our KULR VIBE solution we enable this Client to provide high-quality support to their customers and ensure they can safely carry out some of the most challenging assignments in aviation.”
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 400% Potential Upside From 2/28's Close
No. 2 - Revenue Appears To Be Off The Charts (Anticipated 137% Growth)
No. 3 - Key Patent Awarded On KULR's SafeCase Tech
No. 4 - KULR Continues Global Electrification Movement With New Partnership
No. 5 - Company Secures First KULR VIBE Client (One Of Top Civilian Helicopter Operators Globally)
Coverage is officially reinitiated on KULR. When time permits, do this: