KULR has a product that will benefit from an industry that will continue expanding rapidly over the next few years. Thermal runaway is the technical term for the battery fires caused by batteries. You have all seen the videos of batteries catching fire in cell phones, laptops, hoverboards, scooters, or electric vehicles. There is a genuine safety concern when transporting and charging battery systems for these items. As the charging systems try to push more energy into the cells of the batteries at a faster rate, more heat is created, which increases the likelihood of a possible "Thermal Runaway."
The team at KULR are experts in this field, and they work with NASA to find ways of preventing potential incidents like the ones we have seen in videos from occurring in space where one small fire could be catastrophic.
In collaboration with NASA. KULR has designed and continues to create new systems to monitor, package, protect and prevent battery systems from "thermal runaway." As systems become more complex and more products use batteries as their primary source for power, the need for the systems KULR makes and designs, the larger the opportunity and TAM become. New use cases are discovered every week with no signs of slowing down soon.
Michael Mo is the CEO of KULR with an educational background in electrical engineering and computer science, has spent his entire career working in this field. He understands the need intimately. Michael is laser-focused on making KULR the one-stop-shop for "thermal runaway" solutions.
Drones, electric boats, power tools, gardening equipment, farming equipment, construction equipment, and even aircraft are going electric. The battery demand is increasing at breakneck speed. We need more batteries and a battery charging infrastructure to charge all these items. We will also need more power storage systems.
These new uses emphasize the need to have a road map for safety regulations and protocols that set the standard for monitoring, recycling, transporting, and disposal of batteries. I can not think of a higher standard for safety than the standards NASA requires for the safety and protection of their crews, space crafts, satellites, and space stations.
KULR is losing money but their are several potential catalysts on the horizon. KULR is good on cash after a recent cap raise. Momentum is starting to pick up and there are new product offerings also on the way. KULR is in a hot sector (Pun Intended} Keep this one on your radar, it doesn't take a rocket scientist to see the demand and the future for the solutions KULR provides. I think KULR could be another "Hidden Gem!" Watch the interview and decide for yourself.
