AwesomeStocks Donât want emails from us anymore? Click [here]( to unsubscribe. Hello! New Alert: KULR Technology Group Inc. (NYSE American: KULR) KULR is our brand new NYSE high volatility alert with a breakout opportunity. KULR has a history of experiencing significant volatility in a short period of time. KULR could be presenting a unique opportunity where it has significantly deviated from its 50 day moving average. While an increased gap does not suggest that it will get smaller, it does create the opportunity for upside potential. KULR has a 50 day moving average of 0.29, more than 20% above Mondayâs close. In addition, KULR has a RSI of 43, suggesting the potential for increased upside. In the event that KULR holds above recent lows, there exists potential for a big rally higher. KULR is a NYSE listed âglobal leader in sustainable energy managementâ. KULR is âdeveloping, manufacturing, and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systemsâ. The company has âevolved its holistic suite of products and services to enable its customers across disciplines to operate with efficiency and sustainability in mindâ. KULR's âexclusive worldwide license for NASAâs large format FTRC positions the company as the industry standard for battery testing and design servicesâ. As the company further explains: - âServing top automakers, space exploration companies, and electric truck manufacturers, KULRâs FTRC technology offers comprehensive thermal runaway characterization for various cell types.â
- âThis crucial technology enhances battery safety across industries, providing detailed insights into thermal runaway behavior and aiding in regulatory compliance.â Furthermore, âAs the global battery testing market is projected to reach USD 16.5 billion by 2030, KULRâs FTRC capabilities ensure safe, high-capacity batteries for a sustainable futureâ. KULR is âamong the few companies to meet the stringent requirements and rigorous testing standards of NASA's JSC 20793 Revision D for crewed space missionsâ. âThis qualification enables KULRâs products and solutions to be used in the Artemis missions and other upcoming critical space voyages.â KULRâs âmodular screening technology offers scalability to meet market demands, reinforcing its strategic partnership with NASA and its role in aerospace energy management and battery safetyâ. âAs the drive for electrification and sustainable energy grows, KULR is well-positioned to leverage new opportunities and advance battery design and safety measures in collaboration with industry partnersâ. The company has announced multiple accomplishments recently. Here are some of the companyâs âSecond Quarter 2024 and Recent Corporate Highlightsâ: - âKULR Lands Initial $400K NASA Contract for Automated Battery Cell Testing, $2M in Total Orders Anticipated Over Several Quarters. The Company was awarded a purchase order exceeding $400,000 from the National Aeronautics and Space Administration (âNASAâ), an independent agency of the U.S. federal government, as part of a $2M multi-phase agreement for its advanced automated battery cell screening system. The battery safety contract with NASA is to test lithium-ion cells going into future battery packs designed for the Artemis Program, a series of United States-led international human spaceflight programs. KULR will perform the tests on cells in reserve for upcoming Artemis missions as well as other pivotal manned space voyages. The cells used on the missions are required to meet certification to NASAâs strict specifications for manned flights, EP-WI-037. According to Straits Research, the global battery cell testing market is anticipated to grow at a CAGR of 4% between 2022â2030 and reach USD 7 billion by 2030.â
- âKULR Secures Test Engineering Contract with Bombardier Recreational Products (âBRPâ). The Company was awarded an engineering contract with Bombardier Recreational Products for the Companyâs Fractional Thermal Runaway Calorimetry (FTRC) testing services. This milestone underscores KULR's expanding influence and commitment to advancing battery safety in the rapidly growing electric recreational products sector. The partnership highlights BRPâs proactive approach to thermal runaway management across all its e-mobility market verticals â including National Fire Protection Association (NFPA) 1192, while concurrently aligning with KULRâs development of the KULR ONE Design Solutions (K1-DS) platform, which focuses on regulatory compliance, including battery cell testing, propagation-resistant materials, pack and module level testing. The NFPA 1192 standard establishes fire and life safety criteria for recreational vehicles to provide protection from loss of life from fire and explosion.â
- âKULR Experiences Fast-Growing Demand for Next-Gen EV Battery Safety and Testing Solutions with Order from Top Japanese Automaker. The Company secured a contract from a top Japanese multinational automaker (âAutomakerâ) for testing and analysis of high-energy battery cells intended for their next-generation electric vehicles. The Company will utilize its KULR ONE Design Solutions (K1-DS) platform to expedite design readiness for the Automakerâs future electric vehicle buildout. Originally, K1-DS was developed to introduce customers to KULR products, with the goal of transitioning to volume production. While this remains the Companyâs core objective, over time KULR has expanded its testing services, projecting it to become an annual $8 to $10 million revenue standalone business starting in 2025, without additional investment in testing capabilities. According to last yearâs International Energy Agency's projection, electric vehicles, including fully electric and plug-in hybrid models, are expected to account for 35 percent of new vehicle sales worldwide by 2030. The Company expects the FTRC to remain widely used across various industries for assessing both current and future cell technologies.
- âKULR CEO Michael Mo Reduces Cash Salary to Better Align with Shareholder Value Creation. The Company announced that, in keeping with the KULR's recent efforts to reduce its cash consumption, the Company's compensation committee approved a voluntary request by CEO Michael Mo to reduce the cash component of his compensation by 33% and, believing in the future of KULR, to instead grant him an equity incentive grant that does not vest for 12 months from such grant date. The strategic move ensures one-third of Mr. Moâs salary going forward is provided at market value of the Companyâs stock, further aligning his interests with those of shareholders. With this revised compensation model, the CEO's benefits will directly correlate with value creation as the executive team drives the Company's transformation and industry innovation.â
- âKULR Announces Expiration of SEPA Facility. The Company announced its Standby Equity Purchase Agreement (âSEPAâ), with YA II PN, LTD. ("Yorkville"), was terminated on June 1, 2024. Furthermore, the Company confirmed that it had retired all outstanding debt owed to Yorkville.â Here are some of the companyâs comments from their âKULR Technology Group Reports Second Quarter 2024 Financial Resultsâ press release from August 12: âKULR Chief Financial Officer Shawn Canter noted, âWe continue to make progress on our focus areas. Growing relevant KPIs, improving our balance sheet, and streamlining operations. Contract services revenue was up 75% against the same quarter last year, and as we have said, service revenue can foreshadow product revenue to come in the future. Our sales cycles are not necessarily measured in weeks or even months so sometimes it can take a little longer to see the product revenue that results from service contracts. KULRâs balance sheet is getting stronger. Our cash plus accounts receivables are up 40% and our liabilities are down 42% versus December 31, 2023. We are streamlining operations. SG&A is down 11% and R&D is down 32% from the year ago same quarter. The KULR team continues to execute on its plan, and we think it is showing up in the numbers.ââ In addition, the company also announced: âKULR Partners with Amprius Technologies to Develop Reference Design to Enhance Battery Safety and Performance in Advanced Air Mobilityâ As the company further explained: âThe final reference design will provide Ampriusâ customers with a solution to address thermal runaway at the battery pack level that leverages KULRâs advanced energy management platform, KULR ONE Design Solutions, with Ampriusâ high-energy Silicon Anode pouch cells to meet the rigorous thermal qualification standards set by the Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA), ensuring the highest levels of safety and performance. This partnership is set to push the boundaries of next-generation battery technology, with a focus on the burgeoning advanced air mobility (AAM) market.â Furthermore: âThe integration of all lithium-ion battery technology into Advanced Air Mobility (AAM) presents significant challenges, particularly due to the risks of cell thermal runaway. To address these concerns, the FAA and EASA have established stringent design regulations to mitigate the risks associated with using lithium-ion battery packs in electric manned applications. The partnership between Amprius and KULR is designed to meet these strict safety standards and accelerate the adoption of Ampriusâ high-performance cells in the AAM sector, where their technology is uniquely positioned to excel.â Here are some of the companyâs comments from this press release: "KULRâs proven expertise in thermal management and energy storage solutions makes them an ideal partner for this project,â said Jon Bornstein, President of Amprius Technologies Lab. âBy combining Amprius' advanced silicon anode battery technology with KULRâs innovative approach to safety and performance, we are setting a new standard in the advanced air mobility segment. This partnership accelerates our ability to meet the stringent requirements of the electric aviation industry while simultaneously pushing forward the evolution of battery technology with a focus on safety, efficiency, and market expansion." Most recently, the company also announced: - âKULR Changes Designation of Principal Executive Office to Texas, Announces Leadership Transitionâ
- âKULR Releases New Investor Presentationâ Make sure to do your own due diligence. Sources: [Presentation]( [PR1]( [PR2]( [PR3]( [PR4]( [PR5]( [PR6]( [PR7]( [PR8]( [Website]( [Chart]( Happy Trading! AwesomeStocks Note: We encourage all traders and investors to develop personal trading rules that you can follow and that work for you. Always protect your downside and note that we alert extremely volatile short-term opportunities. Before investing in securities, you should always consult with your financial, tax and legal advisor and never invest money you cannot afford to lose. DISCLAIMER You should read and understand this disclaimer in its entirety before joining the website or email/blog list of AwesomeStocks.com (the âPublisherâ). 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