Find out how KULR Technology Group (NYSE: KULR) is taking its space-proven solutions for electronics and lithium-ion batteries to serve the world of electric transportation, energy storage, battery storage, 5G infrastructure, cloud computing, and aerospace and defense applications.
.01 | Solid Growth
The company is trading on a public platform and is in the growth phase after years of investing into its unique technology! The company also has PLENTY of cash on hand having raised $8 million in gross proceeds from the sale of its common stock and warrants!
.02 | Pioneering Technology
KULR has become a pioneer in thermal (cooling) management technology with its carbon fiber thermal interface material. The material offers superior thermal conductivity and heat dissipation properties. It is ultra-lightweight and flexible in that it can fit most power or electronic configurations, and was designed for space exploration and defense applications where efficient cooling is paramount.
.03 | A Growing Market
According to Grand View Research, the global lithium-ion battery market size was valued at $32.9 Billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 13% from 2020 to 2027. This is a considerable market opportunity for KULR!
.04 | NASA Partnership
The company has been in a long-standing collaboration with NASA, which has said that to this date, a design solution with as much promise has not been found.
.05 | Time Tested
The Mars Perseverance was not even KULR’s first high profile NASA mission. In 2017, the company designed a system to keep the components from freezing during NASA’s NICER mission which explored deep space neutron stars. The company also collaborated on a project to safely ship to and store laptop batteries aboard the International Space Station using KULR’s Thermal Runaway Shield (TRS) tech.
.06 | Increased safety
In October 2020, the consumer Product Safety Commission reported that KULR’s design solutions could stop fires and explosions in lithium-ion battery packs, and provides additional insights on the future of safe battery technology.
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The Lithium-Ion Battery space is a multi-billion-dollar arena that the world heavily relies on for laptops, phones, electric vehicles and space technology.
What is not being talked about enough is that these innovative batteries are susceptible to overheating and can potentially burst into flames, putting assets and even human life at risk!
The company’s innovative carbon fiber thermal management solution was used on the NASA-JPL 2020 Mars mission as part of the Mars Rover.
Crucial thermal management was provided for vital components in the rover as part of the SHERLOC (Scanning Habitable Environment with Raman & Luminescence for Organics & Chemicals) equipment.
A testament to both their quality and versatility, the KULR team has been adopted as the official thermal management and battery safety provider to electric SUV extreme racing team Andretti United Extreme E.
KULR has developed a revolutionary protective wrap or lithium-ion batteries that combats the risk of overheating and spreading fires.
This wrap is designed to CONTAIN the fire so it does not spread!
The sheer number of lithium batteries that are used across the globe represents an enormous market for KULR, but can you imagine how important such a technology is for space.
KULR has shown an incredible ability to integrate their tech into the fabric of high-profile companies. This has not only rewarded their efforts from a financial and growth perspective, but also in their media coverage. With each new deal comes increases in brand awareness and a higher level of focus from huge media publications and finance professionals.
“The KULR team has been an essential part of many of our projects.”
“Thrilled to make a mark on this historic exploration.”
“The scalability of this business is huge.”
“Right now, KULR is a star.”
“To date, NASA has not found a design solution with as much promise.”
Check out the latest announcements from the source.
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