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Spotlight on KULR: Powering the $127B Commercial Drone Market

There are a number of 21st century technology markets that have become seemingly intertwined, with self-reinforcing trends and enabling innovations. These include some of the most impressive growth markets, according to analyst predictions, over the decade ahead, including space commercialization, electric vehicles, autonomous transportation, commercial drones, edge computing, artificial intelligence, and genomics.

Many of these cutting-edge technologies have applications that cross-support others, creating an emerging “new world” that is gradually coming of age, with enormous implications for investors over the next decade.

One such market deals with commercial applications of unmanned aerial vehicles, or drones.

As AI, lidar, machine learning, autonomous transportation, and edge computing develop, the capabilities of drones develop and new applications become available, which stands to increase productivity and capital efficiency, thereby creating additional opportunities through freed up resources and extra budgetary room for further R&D.

It’s a virtuous circle or an expanding pie.

The slice of this pie specifically dealing with the drone space has implications for stocks with exposure to the space, including Ambarella Inc (NASDAQ: AMBA), Draganfly Inc (OTC US: DFLYF), GoPro Inc (NASDAQ: GPRO), AeroVironment, Inc. (NASDAQ: AVAV), and Ageagle Aerial Systems Inc (NYSEAMERICAN: UAVS).

However, we want to focus on KULR Technology Group Inc (OTC US: KULR) because it may have a special role in the future, including overlapping exposure to some of the other big opportunities discussed above.

 

Spotlight: KULR Technology Group Inc (OTCMKTS: KULR)

KULR recently announced its upcoming (June 2021) launch of a new product line of high-capacity lithium battery packs targeting the commercial drone market.

According to its April release, the company recently secured a global commercial drone manufacturer as a customer and expects to secure additional customers in the second half of 2021. The announcement is a first step in KULR’s overall strategy of targeting adjacent markets complimentary to the Company’s established battery safety and thermal management products. KULR intends to expand into additional e-mobility markets in the coming year.

KULR President and COO, Keith Cochran, commented, “As I previously shared when I joined, KULR would be building the organization to prepare for entry into mass production markets. As such, we hired a very experienced VP of Operations and announced our move into a facility with four times the manufacturing floor space.  These steps were taken in support of delivering the first of KULR’s EV Battery Pack platform. We targeted markets that are adjacent and complimentary to KULR’s established battery safety and thermal management products. The first market in our scope is commercial drones. However, we intend to expand rapidly into other markets. We are very excited to finally be able to share this news with our investors.”

As noted in the release, despite the tremendous potential that drones hold, their adoption rate is strongly affected by battery related safety risks as well as technology issues such as energy densities of batteries and most of all — weight. KULR’s energy efficient battery pack platform incorporates an inherently safe and lighter battery with advanced chemistry and thermal management technology. For drone makers, that means a drone can fly farther and longer on a single charge. KULR’s technology is based on the Company’s 30+ year history specializing in carbon-based fiber materials applied to thermal management and battery safety. Additional smart battery features of the KULR drone battery pack include monitoring of battery state at the cell level and pack level, visible warning indicators, battery capacity indicators, balancing of charge control, anti-spark connectors, maintenance of battery condition history which is accessible via CAN/SMBus communication, and most importantly thermal runaway and battery fire mitigation.

The KULR team brings technologies and multi-decades of experience capable of solving today’s problems in thermal management. In October 2020, the Consumer Product Safety Commission reported KULR’s design solutions could stop fires and explosions in lithium-ion battery packs, and provided additional insights on the future of safe battery technology.

The company notes that its initial drone battery pack platform will service the high-performance market at a retail price between $450 to $550 US Dollars, with drone battery pack platforms servicing the mid to moderate performance markets expected to soon follow.

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