KULR Technology Group (NYSE-AMER: KULR) stock continues its bullish move, trading higher by more than 17% since the start of August. Better still, its $2.39 price at press time Wednesday is the highest level the stock has seen since the first week in July. And with several revenue-generating deals in motion to drive shareholder value higher in the weeks, further stock price appreciation may be in fashion.
Indeed, KULR's uplist to the NYSE-AMER exchange gave the stock a boost in credibility in the trading world, but its technology is what's attracting accolades. In fact, KULR is developing best-in-class battery safety solutions targeting a broad, diversified sector reach. The technology is so good that NASA included it on its Perseverance Mars 2020 Rover. Still, many others besides NASA recognize the quality. Andretti Enterprises, Leidos (NYSE: LDOS), Lockheed Martin (NYSE: LMT), and Marshall Space Center are also clients. And those blue-chip names are only a small representation of its global customer list.
A-List Of Global Clients And Agency Partnerships
Other big names and agencies are also turning to KULR for its state-of-the-art thermal management technologies. The attraction is from KULR creating next-generation battery safety solutions that make batteries cooler, more efficient, safer, and lighter for usage. Most importantly, KULR technology mitigates the risk of fire and explosion in these lithium-ion batteries. That's pretty important when taking equipment to Mars or driving a family across town in a shiny electric vehicle.
Even better, KULR is extending its applications reach by targeting the massive consumer products, transportation, and military markets. Special permits from the Department of Transportation allow KULR a unique revenue-generating privilege to transport lithium batteries through land or air for proper transfer or end-of-life disposal.
And while its client list is growing, so is its revenue. Last quarter, KULR reported a 212% surge in comparative Q2 revenues and finished with its highest cash on hand totals in its history. That cash, by the way, won't sit idle. It's expected to help KULR accelerate partnerships and agreements made earlier this year. Further, guidance is strong, and KULR has a strong record of meeting or beating its own estimates. Thus, their optimism can be a clue that shares present a compelling investment opportunity at current levels.
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Targeting A Multi-Billion Lithium-ion Battery Market
That's more evident knowing that by targeting a lithium-ion battery market expected to grow into a $116 billion opportunity by 2030, KULR is in the right market at the right time. Indeed, expect battery safety to become a considerable area of discussion as the popularity of lithium-ion batteries continue to penetrate global markets at a more than 12% AGR. And it's not only high-ticket applications in KULR technologies crosshairs. Everything from power tools to hypersonic missiles is in play.
In fact, its critically needed technology can be a significant factor in making energy storage systems (lithium-ion batteries) safer, lighter, more functional, and easier to transport. The DoT and DoD in the United States are already taking notice. In August, KULR earned special transportation permits from the U.S. Department of Transportation (DOT) to help recycle and dispose of the massive numbers of lithium-ion batteries, including recycled, prototype, and DDR (damaged, defective, and recalled) products. That win wasn't a lottery pick; KULR scored the contracts from having the right trucks, equipment, and great battery-safety technology to reduce the risk of catastrophic occurrences in these highly volatile batteries.
The even better news is that KULR is already monetizing these special permits, which could be one of the reasons for the stock's recent spike. Still, while those permits are a revenue-generating asset today, KULR's core focus is expected to generate exponentially more revenues in the coming quarters. Better yet, they have multiple shots on value-creating goals.
Multiple Market Opportunities In-Play
In fact, KULR can create shareholder value from a growing list of clients representing different sectors. And while its client list is diversified, KULR's ability to adapt its battery safety solutions to changing market conditions keeps those jobs accretive to a common income stream. Better still, it allows for execution speed and enables KULR to remain ideally positioned to quickly capitalize on market opportunities within the battery mobility and energy storage product sectors.
Moreover, beyond capable, they are a first-to-market company supported by a strong IP portfolio. And that IP may help them penetrate and lead markets sooner rather than later. Better yet, its IP allows KULR to extend its interests into several verticals, keeping potential competitors at bay during the process.
Hence, clients would be wise to keep in touch with KULR. Frankly, they are. KULR has noted making several deals and attracting substantial customer interest to integrate its innovative power management and safety solutions into a broad assortment of client products. Further, by managing the business processes from start to finish, KULR retains control of the entire process and cuts out the potential for poachers to gain competitive insight.
And it's a significant advantage to have. It likely helped close a deal to develop a battery cell screening and automated testing system for its Department of Defense and Aerospace customers. Those clients want to extend strategic battery reserves and implement safety thermal runway technology to reduce the risk of fire and explosion. There, KULR's independence is apparent, intending to build this project from the ground up through a campaign to build an open-source flight control system. The test pilot system is expected to be finished in the first half of 2022, with the company anticipating processing up to 1.2 million 18650 and 21700 cylindrical battery cells per year.
Also, in play, KULR intends to show that its carbon-fiber technology will offer more than an ability to make lithium-ion battery technology safer and faster. They expect its carbon-fiber technology to enable lithium-ion batteries to charge faster and last 20 times longer than before. Expect updates on these programs soon. Potentially several by the end of the year.
Enhancing The KULR Proposition
While the DoT and DoD agreements add immediate value, substantial opportunities exist from its core revenue-generating opportunities already in play. KULR's second-quarter report emphasized its whos' who list of clients and further highlighted monetizing its agreements with NASA, Marshall Space Center, Lockheed Martin, and Andretti Enterprises.
Moreover, penetrating the multi-billion-dollar drone industry opens additional and tremendous near and long-term revenue-enhancing market opportunities. The value-proposition strengthens further when factoring in its collaborative development and marketing deal with Andretti Enterprises to develop battery-safety solutions for the EV markets. That deal can add global opportunities in the EV sector and have the potential to fast-track through the Andretti brand. It gets better.
A potential deal that could be a company game-changer could come through the FAA. According to KULR, the FAA is evaluating KULR's battery-safety system and technology for in-flight use on aircraft. Undoubtedly, the FAA recommending KULR technology makes sense, especially since it is not cost-prohibitive and can be added to existing fleet. It also follows the FAA mandate to ensure the safety of passengers and cargo. If approved and ordered for aircraft, it would be an overnight company game-changer for KULR.
Momentum In Place For 2021-22Growth
Indeed, the back half of 2021 and the first part of 2022 is set up for more record-setting growth. And with KULR catching the attention of multiple industry giants, its battery-safety technology and solutions can earn market traction faster than expected. Moreover, working with the world's most influential clients in the electric vehicles, consumer goods, military, and defense markets adds more than credibility; it adds long-term value.
Frankly, from an investor's perspective, KULR presents a compelling case for investment consideration. They posted consecutive triple-digit percentage revenue increases, have a growing list of global clients, and earned several valuable DoT permits that are already adding to existing revenue streams. Moreover, its development deal with Andretti Technologies to co-market valuable EV battery technology could add exponentially to the equation too.
And if they can close a contract with a global consumer products maker to integrate KULR's batter safety solutions, revenues could surge well beyond expectations. There, KULR noted that it is discussing such a deal with a major consumer products manufacturer. It could include hundreds of millions of phones and lithium-ion using products.
Thus, several potential catalysts could be in play before the end of the year. And coupling potential near-term catalysts with expected and continued record-setting growth makes KULR stock more than a compelling investment consideration; it makes it a timely one.
Trading ahead of the news may be a wise choice.
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