Wall Street Signals: $KULR KULR Technology Group is showing near irrefutable proof that its technology can substantially reduce the risk of fire and explosion.

$KULR KULR Technology Group is showing near irrefutable proof that its technology can substantially reduce the risk of fire and explosion.

It’s always exciting to see a company that successfully combines innovation with ethics, which is exactly the case with KULR Technology Group (NYSE American: KULR), a leading developer of next-generation lithium-ion battery safety and thermal management technologies.

The company recently rang the closing bell on the New York Stock Exchange to celebrate the completion of its uplisting to the NYSE American exchange. As KULR Technology begins its next chapter as a public company, it’s a good time to remind investors what makes this company stand out.

Renewable energy and electric vehicle stocks like Tesla (NASDAQ: TSLA) and KULR Technology are intriguing because they are companies using technology for better environmental initiatives.

Investors can feel good about putting their capital to work to make the world a better place while benefiting from the potential upside that companies working for a cleaner future may realize, given the huge growth opportunities in areas like 5G infrastructure, aerospace, electronics, and electric vehicles.

KULR Technology works with a broad range of customers from NASA to electric vehicle manufacturers, and the company’s technology is making it safer to transport and store lithium-ion batteries. What’s also attractive about the company is that it is working hand in hand with the burgeoning environment, social, and governance (ESG) movement.

If you aren’t familiar with lithium-ion batteries, they are environmentally friendly and used in things like portable electronics, electric vehicles, and even for military and aerospace applications.


They have progressed significantly throughout the last decade because of a flood in lithium-particle battery creation, which has made electric vehicles and energy stockpiling financially feasible unexpectedly. 

The solitary issue with lithium-particle batteries is that they can introduce a few wellbeing dangers including fire or a blast in case they aren't shielded from actual effects, outrageous temperatures and the sky is the limit from there. That is the reason KULR Technology's Thermal Runway Shield innovation is so fascinating. 

It could even be the way into the broad appropriation of lithium-particle battery advances, which thus will prompt a cleaner climate later on. 

KULR as of late got an extraordinary license from the U.S. Division of Transportation approving vehicle of model lithium cells and batteries for trade, which is surely a major advance towards more secure and more proficient battery innovation. 

The capacity to create and get to a new cell and battery structures and designs is seriously compelled if model lithium battery cells can't show up at their necessary end objective in a quick way, which is the reason the new news is so energizing. 

Notwithstanding the ecological applications referenced above, KULR Technology is additionally buckling down on ESG drives and has kept an autonomous governing body including 2 recently delegated female chiefs. 

Dr. Joanna D. Massey is a previous Senior VP of Corporate Communications at Lions Gate Entertainment (NYSE: LGF/A) and ought to positively assist with fortifying the organization's corporate administration. She brings to KULR many years of involvement exhorting leader groups at Fortune 500 organizations, new businesses, and non-benefit associations which should assist with the organization's close and long haul development procedures. 

Lieutenant General Stayce D. Harris likewise joins the directorate and is a resigned the United States Air Force Reserve Lieutenant General who last filled in as the Inspector General of the Air Force. Harris is an accomplished pilot with more than 10,000 flight hours securely shipping travelers and freight worldwide for United Airlines (NASDAQ: UAL) and was a pilot for almost 30 years prior to resigning from the organization in 2020. General Harris right now serves on the Boeing (NYSE: BA) governing body and will utilize her active flying experience to give significant understanding to KULR.

The company’s recently acquired permits could lead to strong revenue growth during the remainder of the year, and the fact that KULR Technology has already attracted high-profile clients like Lockheed Martin Corporation (NYSE: LMT), battery manufacturer SAFT, a Total Company (NYSE: TOT), and NASA tells us that its products could have big potential.

Keep in mind that since KULR Technology is one of the few companies authorized to transport lithium ion and metal batteries for recycling, it has an excellent opportunity to gain market share given how quickly the demand for these batteries is increasing.

Although KULR Technology is still working towards profitability, the company’s top-line growth potential, ESG initiatives, and intriguing patent-protected technology certainly make it worth watching going forward.

See more from Benzinga