[Image] NEW PICK: NYSE: KULR Our New Pick we sent out yesterday at 1PM ET just announced some HUGE NEWS! We could be in for one CRAZY Ride TODAY! Check out the news: KULR Receives Follow-On Phase Change Material Heat Sink Order from Lockheed Martin SAN DIEGO, June 29, 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, announced today it received a follow-on order for its space-developed phase change material (âPCMâ) heat sink technology from leading aerospace and defense company [Lockheed Martin Corporation]( (NYSE: LMT). Phase change material heat sink technology reduces system temperature excursions and extends both the life of key components within the thermal storage process. The solution is most useful for compact and high-performance devices that require bursts of computational power in short time intervals. KULRâs PCM heat sink technology is compact, reliable, and lightweight and has been utilized by leaders in the U.S. aerospace and defense industries. âRepeat business like this is a testament to our reliable engineering, testing, and design capabilities that meet the stringent requirements of long-range weapon systems,â said Keith Cochran, President & COO of KULR Technology Group, Inc. âOur many years of experience designing lightweight and durable heat sink technologies positions us well to capture additional share of the thermal design market for military precision strike weapons. Lockheed is a valuable customer to us, and we look forward to the continued partnership in providing them the best thermal management technologies for crucial aerospace, defense and other systems.â Full Press Release here: Previous Full Report e-mail from yesterday incase you missed it: As the global market for lithium batteries is set to grow immensely, this Small-Cap NYSE Company could get fully charged⦠Greetings Investors, As we step into the more modern-day in our everyday life, technological advancement is undeniable which is why the lithium batteries demand is expected to continuously increase to about 10 times between 2018 and 2030. The global revenues in 2025, for the lithium-ion market, is expected to exceed US$70 billion. With this growing demand, the lithium-ion battery industry[is projected to hit 87.54 billion USD in 2027 at 13% CAGR.]( For years to come, advances in technology and manufacturing will keep Li-ion batteries at the forefront of electrochemical energy storage markets. The growing EV market will also keep the batteries at front stage. Lithium battery safety has become a top concern and one NYSE company has a game changing solution to enable this! Lithium battery fire incidents involving hoverboards, smart phones, and EVs are a serious public safety concern for electronics and battery manufacturers. The companyâs Passive Propagation Resistant (PPR) solutions have proven to stop or mitigate the impacts of thermal runaway propagation in battery packs or between batteries. Their Thermal Runaway Shield (TRS) has also shown to prevent cell-to-cell propagation. With a surge in demand for improved battery safety technologies and thermal management solutions, this company could quickly see unstoppable growth ahead and is trading at under $2! [Image]( [www.KULRTechnology.com]( KULR Technology Group, Inc. NYSE: KULR KULR Technology Group is taking its space-proven solutions for electronics and lithium-ion batteries to serve the world of electric transportation, energy storage, battery safety, 5G infrastructure, cloud computing, and aerospace and defense applications! KULR develops, manufactures and licenses next-generation carbon fiber thermal management technologies for 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, the company enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. [Image]( PASSIVE PROPAGATION RESISTANT (PPR) LITHIUM-ION BATTERY SAFETY SOLUTIONS ⪠Formally launched a PPR battery design solutions for lithium-ion battery cooling and safety in 2020 ⪠Design solution provides key features that prevents cell-to-cell thermal runaway propagation and risk of fire and explosion from exiting the battery enclosure ⪠KULR currently works with NASAâs Marshall Space Center and NASAâs Ames Research Center on designs for a crewed space mission ⪠KULRâs HYDRA Thermal Runaway Shield (TRS) technology deployed to the International Space Station - Product development engagements with medical device, electric aircraft, and electric vehicle makers, shipping and logistics solution provider and others SPACE QUALIFIED THERMAL INTERFACE MATERIAL (TIM) AND HEAT SINK SOLUTIONS FOR NEXT GENERATION, CONSUMER-FACING MASS MARKET APPLICATIONS ⪠High thermal conductivity, low thermal resistivity TIMs and heat sinks keep electronics and electrical products cooler allowing for improved system performance ⪠Compliant, low contact pressure TIMs allow for greater electronic and electrical product design flexibility and reliability KULRâs proprietary, core technology is a carbon fiber material that provides superior thermal conductivity and heat dissipation properties in an ultra-lightweight compliant material. [Image]( The companyâs technologies have been utilized in numerous aerospace projects, including applications on the International Space Station, Mars 2020 Rover and classified government projects! [Image]( EFFICIENT THERMAL MANAGEMENT IS ESSENTIAL IN THE BATTERY SAFETY AND ELECTRONICS INDUSTRIES! "Thermal management safety is a critical component of the sustainable circular economy in our transition from fossil fuel to electrification." - CEO Michael Mo First Quarter 2022 and Recent Operational Highlights: - Selected by a multinational technology conglomerate to supply proprietary carbon fiber solution for core component in the sensing of electrical nerve signals to control navigation through virtual environments. This foundational partnership marks KULRâs entry into the Metaverse, where the Company believes it has additional opportunities to support this growing industry.
- Secured a battery safety contract with NASA to test the Companyâs lithium-ion cells for future battery packs designed for the Artemis Program, a series of US-led international human spaceflight programs. KULR is processing up to 10,000 lithium-ion cells per week as well as preparing for tests performed by NASA, the Department of Defense (âDoDâ), and others performing manned flighted missions.
- Awarded three additional contracts with DoD prime contractors to implement the Companyâs carbon fiber cathode solution for high-power magnetic and other covert pulse weaponry initiatives.
- Appointed former NASA Johnson Space Center senior leader Dr. William Walker as Director of Engineering. Dr. Walker will work with the Companyâs engineering team on its next generation high-performance computing (âHPCâ) and hypersonic vehicle thermal management initiatives.
- Released a passive propagation resistant (âPPRâ) solution in its KULR-Tech Safe Case product family for maritime lithium-ion battery safety. The PPR solution meets the upcoming United States Coast Guardâs new safety requirements for the passenger vessel industry and provides additional battery safety options for the cargo, fishing, and cruise verticals. The Companyâs solution prevents cell to cell thermal runaway propagation as well as heat, fire, and explosion from exiting the KULR-Tech Safe Case enclosure. Multi-Billion Dollar Market Opportunities Innovative High-Performance Thermal Management Solutions for Todayâs Industries and Emerging Technologies ⪠KULRâs passive propagation resistant technologies improves battery system reliability and safety ⪠KULRâs high-performance thermal management products satisfies the increasing cooling demands of next-generation electronics and battery systems ⪠3.3 million EVâs on the road in 2019 and 27 million EVâs by 2030 (Market and Markets Research) ⪠Global lithium-ion battery recycling industry worth $1.5 billion in 2019 and projected to grow to $18.1 billion by 2030 (Market and Markets Research) ⪠Rapid growth of 5G industry to displace current 4G cellular network technologies Lithium battery fire incidents involving hoverboards, smartphones, and electric vehicles are a serious public safety concern for electronics and battery manufacturers. Such incidents have created a surge in demand for improved battery safety technologies and thermal management solutions. This has created immense opportunity for KULR! KULR Battery Storage Solution on International Space Station Between January and June 2019, NASA JSC Propulsion & Power Division tested storage and use of rechargeable lithium ion laptop batteries. The tests intentionally triggered the batteries into dangerous failures in order to study what storage methods may stop battery fires from spreading battery to battery in the chain reaction known as thermal runaway propagation In Fall 2019, NASA used KULRâs Passive Propagation Resistant (PPR) Thermal Runaway Shield (âTRSâ) technology to safely ship and store laptop batteries aboard the International Space Station! [Image]( 5G Cellular Network and Cloud Computing Opportunities Demand for high-performance passive cooling solutions in the rapidly growing 5G and cloud computing industries is increasing. KULR is collaborating with Tier-1 companies in the 5G infrastructure and cloud computing spaces to design and develop cooling solutions that enhance performance and safety standards. ⢠The 5G infrastructure market size is forecasted to be worth $496.6 billion by 2027 with a CAGR of 106.4%* ⢠The global cloud computing market size was valued at $266 billion in 2019 with a CAGR of 14.9% from 2020 to 2027* KULRâs proprietary suite of thermal interface materials have characteristics that collectively are of particular importance to the 5G infrastructure and cloud computing industries: ⢠High bulk thermal conductivity ⢠Low interfacial resistance at relatively low contact pressures ⢠High electrical conductivity for electromagnetic shielding ⢠Exceptionally lightweight and compliant (form-fitting) ⢠Industrial-level reliability *Source: Grand View Research, 5G Infrastructure Market Size, Share & Trends Analysis Report (2020); Cloud Computing Market Size, Share & Trends Analysis Report (2020) Utility-Scale Energy Storage Opportunities Utility companies are progressively turning to lithium battery energy storage installations that enable efficient grid operations. ⢠The U.S. energy storage industry has serious safety concerns - the June 2019 Arizona Public Service (APS) battery facility explosion highlights the importance for the industry to implement safer battery storage technologies capable of preventing thermal runaway propagation ⢠KULR is working with industry leaders to develop and test its world-class passive propagation resistant (PPR) solutions inside battery modules used by utility companies. KULRâs Thermal Runaway Shield (TRS) creates a safer battery module preventing or mitigating the risk of thermal runaway propagation. *Source: Wood Mackenzie U.S. Energy Storage Monitor: 2019 Year-In-Review The fact that KULRâs core technology was chosen by NASA screams in volumes! Plus, on May 13, 2022, KULR entered into separate transactions for both a note and a standby equity purchase agreement, allowing the Company to access up to $55 million in additional capital for procuring battery cell supplies as well as other key materials! The Company is securing inventory allocations in anticipation of ongoing demand from its key end markets. In total, KULR expects to procure lithium-ion battery cells providing up to 500-megawatt hours (âMWhâ) of energy capacity, enough to power approximately 40,000 homes using currently available domestic energy storage options. Within applications for the energy storage and e-mobility markets, the battery cell supplies would equate to a revenue opportunity of $250-$350 million. To further control supply chain and manufacturing costs and risks, the Company also intends to use these funds to bring much of its production capabilities to North America. Make sure to check out this video here explaining what the company is doing more extensively: [( This may be the best time to have KULR on your radar as lithium technology continues to dominate headlines and gain attention on Wall Street! Start your research right away! Copyright 2022 © PTE.la is owned and operated by CareBear Marketing Group LLC. [Disclaimer and Privacy]( more Information please contact Support@pte.la Company Address: 26 Downing Street, Newark NJ 07105. This website provides information about the stock market and other investments. 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