|The previous post is a recent Bloomberg article dated June 17, 2019, which you can again find here: bloomberg.com|
A growing electric car industry:
- According to the IEA, the global electric car fleet exceeded 5.1 million units in 2018, up 2 million units from 2017 (Source: iea.org.
- Major "traditional" auto manufacturers like Volkswagen, Nissan, Mercedes-Benz, and GM are making significant investments in producing next-gen electric vehicles (Source:https://www.businessinsider.com/electric-cars-that-will-be-available-by-2025-2018-1).
Growing public safety concerns have prompted automakers to address electric car battery safety issues and although it's still early stage, it appears that KULR Technology Group (OTCQB: KUTG) has made some strides working with global auto maker(s) to introduce KUTG's space-qualified "cooler, lighter, safer" battery pack (HYDRA TRS) for next-gen electric cars. See Company's June 2019 presentation for information about this.
Sources and information about KUTG's business:
- HYDRA TRS: kulrtechnology.com
- Wall Street Journal article, "NASA's Work to Head Off Battery Blazes in Space Finds Uses on Earth": wsj.com
- KULR Technology Group June 2019 Company Presentation:https://kulrtechnology.com/category/presentations/
**About KULR Technology Group, Inc. (OTCQB: KUTG)**KULR Technology Group, Inc., through its wholly-owned subsidiary KULR Technology Corporation ("KTC"), develops and commercializes high-performance space-used thermal management technologies for electronics, batteries, and other components across an array of applications such as electric vehicles and autonomous driving (collectively as E-Mobility), AI/Cloud computing, energy storage, and 5G communication technologies. KULR's proprietary, core technology is a carbon fiber material with roots in aerospace and defense that provides superior thermal conductivity and heat dissipation in an ultra-lightweight and pliable material. By leveraging this break-through cooling solution and its longstanding development partnerships with NASA, the Jet Propulsion Lab and others, KULR makes E-Mobility and other products cooler, lighter, and safer. kulrtechnology.com
**Disclosure:**This information does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. My family has invested in KUTG and I am personally acting as a consultant for KUTG and have been compensated in shares for that role. I have done extensive research on the Company and personally believe it has exceptional thermal management technology, management team, and real potential to displace conventional thermal management solutions in the marketplace. That said, I am not a licensed financial professional and do not recommend you buy or sell KUTG. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.