| The year was 2016. Bieber's "Love Yourself" topped the charts, and COVID was still four years away. Ahh, those were the simpler times… Except for exploding phones. You might remember chyrons crossing the screen, letting everyone know the Samsung Galaxy Note 7 tended to…well, explode. 
You see, lithium-ion batteries contain carefully balanced chemicals that shouldn't mix. When they do, violent reactions can occur. At worst, the batteries develop a thermal runaway that can lead to fires and explosions. Considering we now drive on half a ton of batteries in a Tesla Model 3, heat dissipation is extremely important. That's where KULR Technology (AMEX: KULR) comes in. As you'll soon learn, KULR takes a holistic approach to the problem, providing one-stop-shop solutions for customers starting with design and analytics all the way through battery shielding, mitigation products, and even their own battery pack. This is one of the more interesting promotions I've come across, aligning with a VERY hot sector that's seen a lot of interest and runners. And it's definitely worth your time. KULR Technology (AMEX: KULR) - 1-month trading range: $1.68 - $1.15
- Typical average daily volume: ~470,000
- Float: 74.3 million
When KULR says they're at the cutting edge of battery technology, they mean it. NASA recently awarded them a contract to build 3-D battery systems for future manned and robotic space exploration. Heck, the company's carbon fiber thermal management technology has been used to transport and store batteries aboard the International Space Station since 2019. Their tech has even made it to Mars with the Rover! KULR boasts a who's who of customers with names like Meta, General Motors, and more. 
Source: KULR Spring 2023 Investor Deck The full life cycle planning is particularly unique to the company's products. KULR takes its products from production to recycling, keeping environmental impact minimal. Financials Unlike many promoted stocks, KULR turns a gross profit on the products it sells, hitting gross margins of 42% in the last twelve months. The last year was active for the company, with CAPEX of $3.9 million and a cash burn of $14.8 million compared to $2.5 million $6.8 million the prior year. However, with $16.2 million in cash and no long-term debt, the company can limit share issuance, of which it did 11.8 million in 2021 and 9.9 million in the last twelve months. Promoter Activity Recent promoter activity highlighted the following catalysts: - Analyst Theodore R. O'Neill of Litchfield Hills Research reiterated a buy rating with a $7.00 price target in November 2022.
- Key patent awarded to KULR's SafeCase Tech on February 7, 2023, joining the company's dozen other patents.
- KULR's new partnership with Theory Racing to develop next-gen e-bike batteries was announced on December 29, 2022.
- Company Secures First KULR VIBE client with one of the top civilian helicopter operators globally reported on December 21, 2022.
- Huge revenue growth with preliminary 4th quarter anticipated to hit 137% YoY for the quarter announced on February 13, 2023.
I listed the catalysts from top to bottom in order of importance. At the top, a buy rating from November is notable, but not timely. On the second point, While the patent on a U.S. Department of Transportation-permitted lithium-ion battery cell and pack storage and transport system is important, it doesn't imply more revenues or profits. It's simply a protection mechanism. The third catalyst - a partnership with Theory Racing - can add to current revenues, assuming KULR's paid for its services. And adding the first VIBE client is noteworthy, given it adds a "six-figure annual subscription agreement." Ongoing revenue streams will help the company increase its topline and improve margins. What's the most tangible and timely is the last bullet point. This is huge for a company that only does $2.9 million in annual sales. Overall, some catalysts could move traders in the near term. Contracts for multi-million dollar deals are likely to be met with serious interest. Lastly, I wanted to touch on the promoter payments. As of now, I've only identified two promoters highlighting the stock. One promoter was paid $15,000 for a campaign from 3/2/2023 to 3/3/2023. To date, this promoter has received $110,000 for promotions extending back to late February 2021. The second promoter was hired from 2/28/2023-3/1/2023 for $20,000. To date, this promoter has received $232,500 for promotions extending back to late May 2021. These are lengthy campaigns, but not huge dollar spends compared to others assessed for our newsletters. Straight to the Facts As might be expected, the follow-on contract announcement did buoy the stock, pushing shares up from $1.24 to $1.31 on heavier volume. However, the biggest run, with significant volume, came back in October 2022. That was when shares ran from a low of $1.02 to over $2.20 in a few days. Given the stock's history and consistent promotional activity, this is one to watch for press releases. Operating in a hot sector with limited revenues, KULR is one killer contract announcement away from a possibly violent move. Always at your service, Baron Von Stocks | 
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