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 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 - New NAATBatt Association Creates Chance To Work Alongside Top Policy Makers
KULR Technology Joins NAATBatt, the Premiere Trade Association for Advanced Battery Technology
SAN DIEGO, Sept. 14, 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, today announced it has joined NAATBatt International (NAATBatt), the premiere trade association of developers, manufacturers, suppliers and users of battery technology in North America. As a platinum member, KULR will regularly participate in board meetings, allowing the company to connect with top policy makers in the space, discuss and develop cutting-edge technological advancements and remain at the forefront of battery technology.
“KULR is at an inflection point as we position our thermal safety solutions platform to become further entrenched in the marketplace, ultimately providing us with an opp. to optimize logistics as we continue investing in the localization of our production and supply chain to North America,” said Michael Mo, Co-Founder and CEO of KULR Technology Group. “Becoming a member of NAATBatt allows us to further that mission. We’ll learn and participate in the development of innovative solutions for the advancement of battery technologies, become better positioned to meet market needs and benefit from local policy support.”
Jim Greenberger, Executive Director of NAATBatt International, said: “NAATBatt is delighted to welcome KULR Technology Group as NAATBatt’s newest Platinum level member and KULR’s CEO, Michael Mo, to NAATBatt’s board of directors. Under Michael’s leadership, KULR has been working on the critically important issue of thermal management in advanced battery systems. New innovations in thermal management, which affect both the safety and performance of batteries, are likely to become an important differentiator in the ongoing competition to build better, safer and cheaper advanced batteries. I am looking forward to having Michael’s expertise available to our board.”
The Company’s new membership in NAATBatt follows KULR's July 2022 announcement that it is procuring 75MWh of lithium-ion battery cell capacity from Taiwan Cement Corporation’s subsidiary E-One Moli Energy Corporation (“Molicel”), which it will use to build battery applications. The engagement with Molicel, known as the first manufacturer of Li-ion cells in North America, and the expanded network from NAATBatt signal KULR’s prioritized efforts to position itself as a centerpiece of North America supply chains.
Read the full article here.
No. 3 KULR Potential Catalyst - KULR Receives 2nd Order From Fortune 20 Company
KULR Secures Second Order from Fortune 20 E-Commerce and Cloud Computing Customer for Commercial Drone Delivery
SAN DIEGO, Aug. 18, 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, has received two orders from a leading Fortune 20 e-commerce and cloud computing company for its next generation Li-ion battery powered commercial drone delivery fleet.
The first order was for the proof of concept of KULR’s design; the second follow-on order is for prototype, field testing and certification trials. Pre-production is scheduled for 2023 with full ramp-up set to start in the second half of 2024. These drones will feature improved safety and longer flight time. In March of this year McKinsey & Company asserted, “As of early 2022, we estimate that more than 2,000 drone deliveries are occurring each day worldwide. The growth rate is accelerating every week, and we project that there will be close to 1.5Mn deliveries in 2022 as a whole, up from just under half a million in 2021.”
KULR’s VP of Sales and Marketing Greg Provenzano added, “This project dovetails nicely with our focus on specific high-growth markets where our differentiated products provide a design and production solution for safety and performance. Drone delivery is still in its early innings and e-commerce companies will only continue to implement this form of delivery logistics into their platforms as the commercial drone ecosystem continues to build out.”
Read the full article here.
No. 4 KULR Potential Catalyst - With Technicals Leaning Oversold, A Possible Healthy Reversal Looms
As of close on Friday, Barchart was reporting this profile to have several oversold leaning technicals.
These technicals could be signaling a healthy reversal in the near term.
Here's the definition of a "reversal" from Investopedia:
"A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart."
Now, here are some key technicals (as of close Friday) that could signal KULR to be leaning oversold and on the verge of a potential reversal.
- 9-Day Relative Strength Index: 34.01%
- 14-Day Relative Strength Index: 38.31%
When these numbers drop down to the 30% range and lower, they can be viewed as being in oversold territory. While in this territory, they can paint the picture of a profile that is undervalued.
- 14-Day Raw Stochastic: 10.53%
- 14-Day Williams %R: 89.47%
As the Raw Stochastic nears the 10% range and lower and the Williams %R nears the 90% range or higher, these technical indicators may also be viewed as oversold and undervalued.
Keep an eye on these technicals closely.
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 400% Potential Upside From Friday's Close
No. 2 - New NAATBatt Association Creates Chance To Work Alongside Top Policy Makers
No. 3 - KULR Receives 2nd Order From Fortune 20 Company
No. 4 - With Technicals Leaning Oversold, A Possible Healthy Reversal Looms
No. 5 - Inclusion In Russell Microcap Index Could Provide Added Exposure
Coverage is officially reinitiated on KULR. When time permits, do this: