KULR Technology Group, Inc. Q2 FY2022 Earnings Call

· Earnings call transcript and AI-powered summary

Business Highlights
  • KULR believes it has reached an inflection point for growth, driven by strategic investments in R&D, infrastructure, SG&A, and hiring talent.
  • Expanded offerings into a holistic Total Battery Safety Platform aimed at multiple verticals including energy storage, electric aviation, battery recycling, and e-mobility.
  • Currently has over 300 enterprise and government organizations in its sales pipeline.
  • Secured UPS shipping certification enabling broader commercial deployment of its Safe Case solution (up to 2.1kWh lithium-ion battery shipments).
  • Completed licensing for NASA's fractional thermal runaway calorimetry (FTRC) and started facility construction, with 3 purchase orders expected in September 2022.
  • Secured 4 major commercial accounts for Safe Case, with deployment trials underway, projecting multi-million-dollar recurring commitments.
  • Follow-on order from Lockheed Martin for PCM heat sink technology used in aerospace and defense applications.
  • Formed a partnership with E-One Moli Energy Corp to secure 75 MWh of battery supply for high-performance e-mobility and eVTOL applications.
  • Progress on carbon fiber applications for biosensing and filed 2 provisional patents on new battery architectures.

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Stuart Smith : All right, everybody. Welcome to the KULR Technology Group Second Quarter 2022 Earnings Call. Now before the call begin, please pay attention to the following. This call does not constitute an offer to sell or solicitation of offers to buy any securities of any entity. This call may contain certain forward-looking statements based on KULR’s current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements made on this call are based on information available to the company as of the date hereof. KULR’s actual results may differ materially from those stated or implied in such forward-looking statements due to risks and uncertainties associated with their business, which include risk factors disclosed in the KULR's Form 10-K filed with the Securities and Exchange Commission on March 28, 2022. Forward-looking statements include statements regarding their expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as anticipate, believe, could, estimate, expect, intend, may, should and would or similar words. All forecasts are provided by management in this call are based on information available at this time, and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of their future financial performance given their current contracts, current backlog of opport

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