KULR Technology (NYSE-Amer: KULR) stock is running higher by more than 15% since the start of August. The better news- this rally, despite a few pennies fluctuation, appears to be gaining momentum. And rightfully so. Earlier this week, KULR showed during its Q2 financial report that they are better positioned now than any time in history for potentially exponential growth during the next two quarters.
KULR’s bullish sentiment caught the ears of investors, who sent shares higher to $1.77 on Wednesday. And that trend may continue, noting KULR told investors its taking advantage of near-term revenue-generating opportunities by targeting multiple billion-dollar market shots on goal. The better news is that KULR’s optimistic sentiment isn’t wishful thinking. They have the ammo to back up what they say, supported by the considerable foundational groundwork laid during the past twelve months.
What should investors expect? A Lot. More than delivering KULR to a precipice for a breakout; that groundwork brings them to an inflection point as investments made across research and development, facility infrastructure, SG&A, and assembling a high-caliber workforce in the past year position KULR to boost revenues sooner than later.
KULR Is Thriving Despite Global Market Challenges
In fact, sooner is the operative word. Recent strategic investments resulted in the build-out of its holistic, total battery safety platform that provides customers with an extensive set of solutions to achieve battery sustainability within their respective ecosystems. Those initiatives are expected to provide multiple sources of income, and, more importantly, facilitate KULR to expand its go-to-market efforts by upselling and cross-selling the individual components of its comprehensive platform through a product sales or subscription model. That means new clients become long-term revenue drivers that provide rapid revenue growth and sales visibility.
Not only that, the versatility of KULR’s holistic platform provides speed and allowance to penetrate potentially lucrative untapped sectors and markets. Additionally, KULR is already showing it can attract significant customer interest across several verticals, including energy storage, battery recycling, electric aviation, industrial and power tools equipment, and e-mobilities. Those markets, all tolled, present over 300 enterprise and government organizations that can be immediately added to the sales pipeline.
Macro-Economic Issues Ease
And that’s excellent news for KULR and its investors. Moreover, as macro-economic pressures ease and opportunities resulting from a massive new spending bill come into play, KULR is ideally positioned to ramp sales volumes as they begin to monetize growing customer engagements over the coming quarters. Thus, with momentum in creating deals and making its legacy ones stronger, KULR looks well-positioned to monetize some pretty extraordinary opportunities.
Based on management commentary, that’s likely. Remember, in addition to KULR selling the highest standard of battery safety technology that puts up to billions in the revenue-generating crosshairs from aerospace and defense companies, the momentum generated from developing other accretive platforms could put them as a leading provider and enabler of the circular electrification economy. Several deals prove the point.
One with its recycling partner that provides KULR immediate and open access to commercial partners and customers after securing United Parcel Service (“UPS”) shipping certification. That certification allows for the shipment of batteries utilizing the KULR Safe Case products through UPS’ vast shipping network. The permit also allows the U.S. Department of Transportation compliant “Safe Case” to be used as a safe and reusable shipping container for Li-Ion battery transportation up to 2.1KWh, providing KULR’s major recycling partner a safe shipping container that can handle batteries above 300Wh.
The most important consideration is that the revenue-generating opportunity can be enormous, with billions of batteries needing to be disposed of. Again, that’s one significant opportunity. There’s plenty more.
Licensing And Construction Of FTRC
KULR also announced completing the licensing and starting the construction of its Fractional Thermal Runaway Calorimetry (FTRC). Also notable, they announced having multiple customer engagements already in queue and three purchase orders expected to close in September 2022. Accounting for those, Q3 could be a massive quarter. And that’s not all contributing to the bullish forecast.
KULR also secured four major commercial accounts for its Safe Case products, with deployment trials underway. Forecasts from that opportunity indicate several multi-million-dollar recurring commitments over the next 18 months are in the crosshairs. That adds to a follow-on order from leading aerospace and defense company Lockheed Martin (NYSE: LTM, $LTM) for its space-developed phase change material (PCM) heat sink technology. There’s more to like.
KULR also highlighted the near-term potential of its biosensing solution for its Fortune 50 Metaverse customer. There, KULR said its recently revised engineering design improves pliability, increases conductivity, and enhances softness to the skin. Also important, the next shipment to the customer is expected in late August 2022, with customer testing to occur shortly after that. Again, new revenues are in play.
More Near-Term Value Drivers
Other near-term value drivers include benefiting from its partnership with E-One Moli Energy Corporation to advance KULR’s total battery safety and thermal management solutions strategy. Also adding value is the expected installation of a fully automated battery testing program with an initial processing capability of roughly 500,000 18650/21700 lithium-ion cells annually in support of NASA’s manned flight specification EP-WI-037.
That system installation is scheduled to conclude in Q3 2022, with full capability processing beginning in Q4 2022. Once completed, screened cell capacity will be allocated to NASA and the United States Department of Defense battery cell deployments, including internal requirements related to KULR’s qualified commercial cell deployments.
Limited Competition And Set To Surge 2H/2022
Best of all, from a competitive perspective, it may be hard to infringe on KULR’s technical turf. They have an IP portfolio providing substantial competitive insulation that make the barriers of entry for others extremely high. Moreover, KULR’s commitment to developing a universal modular battery product by combining its PPR technology and CellCheck for E-mobility, enterprise energy storage, data center, and crypto-mining applications more than fortifies its competitive advantage; it could allow them to dominate the billion-dollar spaces they target.
Frankly, that’s likely scenario. And that market leadership does more than bode well for KULR; investors can bank as well. And based on current valuations, the disconnect may be a bit too stretched to ignore. But like most undervalued companies, they get discovered, which is likely happening with KULR now. They aren’t a new company but have been somewhat under the radar. Shares have traded more than 100% higher when they were lesser equipped for revenue growth. Thus, taking advantage of a strengthened KULR may be more than a wise consideration; it’s a timely one as well.
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