Breaking #Cleantech / #Tech #Stock News: KULR (NYSE: $KULR) Partners with E-One Moli Energy Corporation to Advance its Total #BatterySafety and #ThermalManagement Solutions Strategy; @KULRTech

Breaking #Cleantech / #Tech #Stock News: KULR (NYSE: $KULR) Partners with E-One Moli Energy Corporation to Advance its Total #BatterySafety and #ThermalManagement Solutions Strategy; @KULRTech

 

SAN DIEGO - June 30, 2022 (Investorideas.com Newswire) KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion ("Li-ion") battery safety and thermal management technologies, placed an initial order for over 75 megawatt hours ("MWh") of Li-ion battery cell capacity from Taiwan's E-One Moli Energy Corporation ("Molicel") to design and build battery applications with the highest safety ratings. As part of the strategic relationship, KULR would purchase over 700MWh of battery energy capacity to further accelerate its production and supply chain localization initiatives within North America.

 

Read this news, featuring KULR in full at https://www.investorideas.com/news/2022/renewable-energy/06301KULR-E-One-Moli-Energy-Corporation.asp

 

Molicel, a subsidiary of publicly traded Taiwan Cement (1101.TW), has been a leading innovator in the Li-ion battery industry for more than four decades and is focused on developing the high-power cylindrical cell segment as a top tier global supplier. The company has proven to be a world-class manufacturer of high-performance rechargeable Li-ion cells and battery pack products. Molicel was the first organization in the world to produce high-power Li-Ion cells for high discharge rate applications, producing the world's first Li-Ion power tool system, and it supplied the first NASA Spacesuit Li-Ion battery on the STS-133 mission.

 

"Partnering with a battery supplier that has the technical and manufacturing pedigree of Molicel is an important step for our growth strategy," said KULR CEO Michael Mo. "This collaboration ensures that KULR has access to world-class Li-ion battery capacity - an increasingly scarce resource given today's global supply chain challenges. As a total battery safety platform solution provider, we will incorporate our core technologies into battery pack design, testing and production to create the safest batteries for high value applications. This is an inflection point for KULR as it positions our thermal safety solutions platform to become better entrenched in the marketplace, ultimately providing us with an opportunity to optimize logistics and to more effectively capture full value for our shareholders. As we described earlier this year, we plan to continue investing in the localization of our production and supply chain to North America. Securing this Molicel battery cell supply accelerates our ability to provide total solutions to high value customer applications with revenue potential that could exceed $350 million."

 

Through the partnership with Molicel, KULR will apply a holistic and comprehensive solution to battery safety and thermal energy management with a suite of technologies including its: Passive Propagation Resistant ("PPR") design and testing, Internal Short Circuit ("ISC") trigger cells, Fractional Thermal Runaway Calorimeter ("FTRC") testing and AI-powered CellCheck battery management system, to target the following markets:

• Aerospace and defense systems, such as CubeSat batteries meeting JSC 20793 safety requirements and the strategic battery reserve program initiated by NASA
• Energy storage systems
• High-performance electric vehicles and electric vertical take-off and landing ("eVOTL")
• Premium industrial and consumer electronics

 

About KULR Technology Group Inc.

KULR Technology Group Inc. (NYSE American: KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company's roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.KULRTechnology.com.

 

Safe Harbor Statement

This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 28, 2022. Forward-looking statements include statements regarding our 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 release 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 our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

 

Investor Relations:

Tom Colton or Matt Glover
Gateway Investor Relations
Main: (949) 574-3860
KULR@gatewayir.com

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: KULR Technology Group, Inc. (NASDAQL KULR) is a paid news and social media company effective May 16 2022 more info https://www.investorideas.com/About/News/Clientspecifics.asp

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Breaking #Cleantech / #Tech #Stock News: KULR (NYSE: $KULR) Receives Follow-On Phase Change Material Heat Sink Order from Lockheed Martin (NYSE: $LMT); @KULRTech

Breaking #Cleantech / #Tech #Stock News: KULR (NYSE: $KULR) Receives Follow-On Phase Change Material Heat Sink Order from Lockheed Martin (NYSE: $LMT); @KULRTech

 

SAN DIEGO - June 29, 2022 (Investorideas.com Newswire) KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, announced today it received a follow-on order for its space-developed phase change material ("PCM") heat sink technology from leading aerospace and defense company Lockheed Martin Corporation (NYSE: LMT).

 

Read this news, featuring KULR in full at https://www.investorideas.com/news/2022/renewable-energy/06291KULR-Lockheed-Martin.asp

Phase change material heat sink technology reduces system temperature excursions and extends both the life of key components within the thermal storage process. The solution is most useful for compact and high-performance devices that require bursts of computational power in short time intervals. KULR's PCM heat sink technology is compact, reliable, and lightweight and has been utilized by leaders in the U.S. aerospace and defense industries.

 

"Repeat business like this is a testament to our reliable engineering, testing, and design capabilities that meet the stringent requirements of long-range weapon systems," said Keith Cochran, President & COO of KULR Technology Group, Inc. "Our many years of experience designing lightweight and durable heat sink technologies positions us well to capture additional share of the thermal design market for military precision strike weapons. Lockheed is a valuable customer to us, and we look forward to the continued partnership in providing them the best thermal management technologies for crucial aerospace, defense and other systems."

 

About KULR Technology Group Inc.

KULR Technology Group Inc. (NYSE American: KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company's roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.KULRTechnology.com.

 

Safe Harbor Statement

This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 28, 2022. Forward-looking statements include statements regarding our 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 release 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 our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

 

Investor Relations:

Tom Colton or Matt Glover
Gateway Investor Relations
Main: (949) 574-3860
KULR@gatewayir.com

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: KULR Technology Group, Inc. (NASDAQL KULR) is a paid news and social media company effective May 16 2022 more info https://www.investorideas.com/About/News/Clientspecifics.asp

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

 

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#Microchip Shortage Continues- #Stocks in the news: (OTCPINK: $GTCH) (NasdaqGS: $INTC) (NasdaqGS: $AAPL) (NasdaqGS: $SNPS) (NYSE: $TSM) @Intel @Apple @Synopsys

#Microchip Shortage Continues- #Stocks in the news: (OTCPINK: $GTCH) (NasdaqGS: $INTC) (NasdaqGS: $AAPL) (NasdaqGS: $SNPS) (NYSE: $TSM) @Intel @Apple @Synopsys

 

Vancouver, Kelowna, Delta, BC – June 29, 2022  – Investorideas.com, a global investor news source covering Artificial Intelligence and tech stocks releases a sector snapshot on the ongoing microchip shortages and companies providing solutions, featuring technology company GBT Technologies Inc. (OTCPINK:GTCH).

 

Read this article, featuring GTCH in full at https://www.investorideas.com/news/2022/technology/06291Microchip-Shortage.asp

 

The global microchip shortage, beginning in 2020 and further exacerbated this year by ongoing supply chain issues and trade impacted by geopolitical factors such as the Russia-Ukraine War, has forced governments and many firms to rethink their strategies to meet demand, In the US, the Senate passed a bipartisan measure called the CHIPS Act in the summer of 2021 to spend $52 billion USD for the subsidization of computer chip manufacturing and research in the country. But according to the Washington Post, “the process of combining the House and Senate bills has been bogged down over disputes about elements of the legislation unrelated to chips, including climate provisions and trade with China.”

 

Microchip giant Intel (NasdaqGS:INTC) recently invested $20 billion in a chip-factory project in Ohio. Regarding the CHIPS Act, William Moss, a spokesman for Intel, said in an emailed statement to the Washington Post:

 

“…the scope and pace of our expansion in Ohio will depend heavily on funding from the CHIPS Act. Unfortunately, CHIPS Act funding has moved more slowly than we expected and we still don’t know when it will get done. It is time for Congress to act so we can move forward at the speed and scale we have long envisioned for Ohio and our other projects.”

 

A recent report published by Transparency Market Research found that the global market for SoCs (System-on-a-chip) is projected to grow from roughly $151.8 billion USD in 2021 to $317.8 billion by the end of 2031, with a compound annual growth rate (CAGR) of 8.1 percent in the forecast period 2022-31. Driving the demand for chips, according to the report, is the “increasing demand for high performance and low cost portable electronic devices and wearable devices such as smartphones, laptops, smartwatches, headsets, etc…,” as well as their utility in Advanced Driver Assistance Systems (ADAS).

 

GBT Technologies Inc. (OTC PINK:GTCH), an early stage technology developer in (IoT), and Artificial Intelligence (AI) Enabled Mobile Technology Platforms, is an example of a firm innovating in the microchip space, with its 3D, multiplanar, integrated circuits (IC) design and manufacturing technology. Most recently, GBT announced that it is researching the development of a machine learning-driven, automated integrated circuits design environment, enabling Fast-Track, Design-to-Silicon capabilities. Regarding the development, the Company’s CTO, Danny Rittman explained:

 

"We are researching an IC solution that would target small start-up companies to large corporations in the semiconductor industry with varying design requirements. With GBT's new approach, we aim to develop a machine learning-driven, one automated IC design flow, enabling Fast-Track Design-to-Silicon for IC design houses. The way we want to do this is by combining traditionally separate front-end and back-end chip design flows into one integrated environment that accelerates the overall design cycle and reducing the IC development costs. A typical microchip design process includes many steps which are classified as front-end and back-end tasks. Various steps are executed using separate EDA tools which require vast amount of integration and design environment adjustments. The new, machine learning-driven flow that we are researching aims to provide one-stop design environment advanced capabilities, with high levels of automation, with the goal of enabling the delivery of superior quality designs, with much faster completion time. The usage of our deep learning and advanced computational geometry algorithms aims to produce a comprehensive design environment, enabling efficient digital/analog design and implementation, particularly with advanced manufacturing nodes. In addition, we are also researching incorporating other capabilities into the system which may include functional and physical verification, simulations, power optimization, characterization, or yield management. With this research we aim to standardize digital and analog IC's design, simulation, verification and characterization. We firmly believe that a one, intelligent, automated IC design environment will introduce a significant productivity enhancement for IC design firms, reducing their overall projects design time and bringing them faster to market.”

 

Earlier in June, tech giant Apple (NasdaqGS:AAPL) announced the M2 chip – an evolution of its M1 which debuted earlier in 2022 – described as “the next generation of Apple silicon designed specifically for the Mac.” The new chip boasts “an 18 percent faster CPU, a 35 percent more powerful GPU, and a 40 percent faster Neural Engine,” than its predecessor. Johny Srouji, Apple’s senior vice president of Hardware Technologies, said:

 

"M2 starts the second generation of M-series chips and goes beyond the remarkable features of M1. With our relentless focus on power-efficient performance, M2 delivers a faster CPU, GPU, and Neural Engine. And along with higher memory bandwidth and new capabilities like ProRes acceleration, M2 continues the tremendous pace of innovation in Apple silicon for the Mac."

 

Elsewhere in the space, electronic design automation firm Synopsys (NasdaqGS:SNPS) posted news that multinational semiconductor contract manufacturing and design company Taiwan Semiconductor Manufacturing Company (TSMC) (NYSE:TSM) has certified the Synopsys digital and custom design flows for its industry-leading N3E and N4P process technologies. This, according to the press release, helps “customers optimize performance, power and area (PPA) for next-generation system-on-chips (SoCs) used in demanding mobile and high-performance computing applications.” Suk Lee, Vice President of the Design Infrastructure Management Division at TSMC, commented:

 

"TSMC and Synopsys have successfully collaborated for decades, with the shared goal of helping our mutual customers meet the aggressive PPA demands of increasingly complex SoCs. By enabling Synopsys' design solutions on TSMC's high-performing and power-efficient N3E and N4P processes, customers can produce innovative, advanced chips for a variety of demanding, compute-intensive applications."

 

The semiconductor shortage continues to inhibit the supply of chips to manufacturers, but companies like the aforementioned GBT Technologies are keeping at innovation and making more efficient microchip designs. Though this scarcity might stretch into 2023, as a piece from Consumer Reports suggests, companies that persist in inventiveness and development may be better positioned in the market.

 

About GBT Technologies Inc.

GBT Technologies, Inc. (OTC PINK: GTCH) (“GBT”) (http://gbtti.com) is a development stage company which considers itself a native of Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms used to increase IC performance. GBT has assembled a team with extensive technology expertise and is building an intellectual property portfolio consisting of many patents. GBT’s mission, to license the technology and IP to synergetic partners in the areas of hardware and software. Once commercialized, it is GBT’s goal to have a suite of products including smart microchips, AI, encryption, Blockchain, IC design, mobile security applications, database management protocols, with tracking and supporting cloud software (without the need for GPS). GBT envisions this system as a creation of a global mesh network using advanced nodes and super performing new generation IC technology. The core of the system will be its advanced microchip technology; technology that can be installed in any mobile or fixed device worldwide. GBT’s vision is to produce this system as a low cost, secure, private-mesh-network between any and all enabled devices. Thus, providing shared processing, advanced mobile database management and sharing while using these enhanced mobile features as an alternative to traditional carrier services.

 

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Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp Disclosure: GTCH is a paid featured monthly stock on Investorideas.com

 

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#AIEye #Podcast 708: #Stocks discussed: (OTCPINK: $GTCH) (NasdaqGM: $SOUN) #artificialintelligence

 

 

#AIEye #Podcast 708: #Stocks discussed: (OTCPINK: $GTCH) (NasdaqGM: $SOUN) #artificialintelligence

 

GBT Tokenize Corp. Completes Phase One of smartGOAL Intelligent Soccer Platform, and SoundHound AI Partners with DMI for Intelligent Vehicle Solutions

 

Global #AI in #Fintech Market to Reach $113.9B by 2031

 

Vancouver, Kelowna, Delta, BC – June 28, 2022  – Investorideas.com, a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of  The AI Eye-watching stock news, deal tracker and advancements in artificial intelligence – featuring technology company GBT Technologies Inc. (OTCPINK:GTCH).

 

Listen to today’s podcast:

https://www.investorideas.com/Audio/Podcasts/2022/062822-AI-Eye.mp3

 

Read this in full at https://www.investorideas.com/news/2022/artificial-intelligence/06281GTCH-SOUN.asp

 

Hear the Ai Eye on Spotify  

 

Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

 

Stocks discussed: (OTCPINK:GTCH) (NasdaqGM:SOUN)

 

GBT Tokenize Corp. (GTC), a joint venture that is 50 percent owned by GBT Technologies Inc. (OTC PINK:GTCH), has completed phase one of its intelligent soccer game analytics and score prediction platform. According to the press release, GTC employed a development team of experts in soccer sport statistics and analysis domains for the purpose of developing a software system with the internal code name: smartGOAL. Danny Rittman, GBT’s CTO, explained:

 

“The more information the system is trained with, we believe the more accurate the predictions and analysis will be. One of our joint venture companies, GTC, aimed to evaluate machine learning-driven applications in various fields, among them are entertainment, media and sports. We believe smartGOAL is an intelligent application that has the ability to change the world's soccer field when it comes to analytics and game score predictions.”

 

SoundHound AI, Inc. (NasdaqGM:SOUN) has partnered with global digital transformation services company DMI to develop “superior driver experiences through the integration of SoundHound's advanced voice AI platform with DMI's Edge-to-Cloud solutions.” This, according to the press release, aims to “provide clients with an out-of-the-box solution to bring voice recognition and conversational AI into the vehicle.” Matt Anderson, Director of Business Development at SoundHound, commented:

 

"Our partnership with forerunners DMI will help connect SoundHound technology with auto manufacturers of all sizes that are looking to deliver the voice-enabled experience drivers and their passengers are beginning to expect. This technology also allows OEMs to plug directly into a broader connected ecosystem, opening up new revenue opportunities while delivering a best-in-class conversational technology that feels natural and intuitive."

 

Global AI in Fintech Market to Reach $113.9B by 2031

 

Research published by ReportLinker finds that the global AI in Fintech market is projected to grow from $8.4 billion USD in 2021 to $113.9 billion by 2031, registering a compound annual growth rate (CAGR) of 29.8 percent in the forecast period. An excerpt from the report’s summary indicates some key factors driving the market’s growth:

 

Some of the primary driving drivers for the market are changing technologies, which are enhancing financial service providers’ business processes, as well as increasing internet penetration and availability of spatial data. Banks and fintech have profited from AI and machine learning because they can process large amounts of data on clients. This data and information are then compared to arrive at conclusions about what services/products clients want, which has benefited in the development of customer relationships.

 

Sam Mowers, Investorideas.com

 

Read and hear other editions of the AI  Eye

 

For a list of artificial intelligence stocks on Investorideas.com visit here

 

About Investorideas.com - News that Inspires Big Investing Ideas

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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

Disclosure: GTCH is a paid featured AI stock on Investorideas.com More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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