Shawn Severson: Hello and thank you everyone for joining us today. My name is Shawn Severson, Head of Climate Tech and Sustainable Investing at Water Tower Research. Happy to have Michael Mo today with us, the CEO and Co-Founder of KULR Technology. Today, we’re going to be discussing the upcoming KULR Battery Solutions Day and some topics around that, specifically. So, I’m going to jump right into it. And, Michael, if you can go ahead and sort of tell us a little bit about what the Battery Solutions Day is.
Michael Mo: Yeah. Hey, Shawn, thanks for having us. Great to be here. Yeah, we announced the cooler Battery Solutions Day and actually, the genesis of that is, there’s a lot of investor interest in our technology, we feel that we need to give shareholders a lot more complete picture of what we do on a technical side. The typical investor presentation is more business oriented.
But on one of the conferences last, I think about a month ago, it was a Friday afternoon, about 2pm — 5pm East Coast time, I did my presentation. Just to lighten things up a little bit for the Friday afternoon crowd, I threw in a couple of slides to show our battery, how batteries blow up, how our solutions work to keep batteries from blowing up and I received some very positive feedback from investors on those slides. They seemed to want more, so we think that it may be a good idea to geek out with some of the interesting investors for, let’s say, for maybe about an hour or so to show them what we do.
And also, we think that we want to make the information flow more symmetric. What I mean by that is that we obviously have done a lot of technical presentations to customers, partners, etc. So, a lot of that knowledge about our technology is already out there, right but our shareholders don’t — haven’t already received most of that information. So, the information across — the access across the universe out there is quite a bit of asymmetric. So, we want to bring more symmetry to the information flow and give our investors as much information as possible about our technology roadmap and showcase that and that’s when we announced the Battery Solutions Day.
Shawn Severson: Along those lines, what are some of the things that are actually going to be discussed and what will we be talking about a Battery Solutions Day, give investors and framework, what to expect?
Michael Mo: Right. So yeah, on Battery Solutions Day, we’ll be discussing a whole bunch of things. The battery storage and transportation solution side, we will showcase how our thermal runaway shield, TRS, works. We’ll do some technical demonstration. We will show how that works with the department transportation special permits that we received, and also how we’re helping customers to reduce complexity in the business operation and logistics with our product.
I hope by that time, we will have our customers and partners showcase — oh, by the way, the better solutions day is September the 21st. It’s on a Tuesday. And it also will show the passive propagation solution for energy storage systems, would do technical demonstration on how the TRS works to stop thermal runaway propagation in ESS applications. We also have customers showcase at how we meet the UL and other fire safety standards on that. Then we have our battery — smart, safe batteries that we will showcase that with a drone application and other applications. And tied to that will be battery intelligence, cell analytics, whole bunch of software services that we’ve been developing, so we would like to showcase those as well.
Last but not least, it’s a new architecture of battery cell design using a carbon fiber technology. We’re thermal management people using carbon fiber, so we are exploring ways to how to do that and optimize for fast charging, safety, and better thermal management for lighter weight batteries. So, as you can see, a lot to talk about.
Shawn Severson: Absolutely. Any significance wise, September 21 to that particular day seems out there? — Just very, very specific out their ways.
Michael Mo: Yeah, well, we feel like we need to pick a date just saying we’re going to do something isn’t good enough. We got to pick a date and that’s the date we think we will come out — when we come out, we’ll be able to show showcase our suite of products, not just with technology, but also customers.
So that’s really important because based on our current projection and visibility, we expect our customers in those applications will have made their own public announcements after which we can make our announcements on top of that. So, we think that that’s a good enough time between now and then allow the customers to go out and do that right.
And also on the product development side, we’ll have enough time to have the new development, the battery intelligence software, the analytics services, as well as the new battery cell design to show — give us enough time to file for patterns around some of the technology before we can start showing them.
Shawn Severson: And talking about getting to data and battery intelligence, maybe touch on that a little bit more and how that’s tied into thermal management kind of the safety heritage that the cooler has?
Michael Mo: Right. Yeah, we start with hardware. That’s our heritage in thermal management and battery safety. Then we start thinking about how to aggregate all that data and capture the knowledge, in that you get into data and software services, right. So, I come from about 20 plus years of background in semiconductor world where chip is the building block and software is really the magic on top. And then I believe, is that the battery is going to be the new semiconductor for the electrification economy. So, we want to do the same thing for battery safety and thermal management and create the ultimate platform play. So, that’s what we showcase at the BSD.
Shawn Severson: And I know you talked a little bit – you just mentioned why September was kind of a key time and that date. Is there anything investors can expect to look for between now and then trying to find data points or things that we can look to from the outside to understand the progress?
Michael Mo: Right. Yeah, I mean, we’ll continue to provide regular updates on products and customer acknowledges, just like, what we have always done right through the press release, etc. and that won’t stop. As matter of fact, I think that will probably accelerate a little bit more for the second half of this year, as we’re just kind of queuing up for more product launches and customer launches.
However, the Battery Solutions Day is going to be an aggregation of all the products, the technology, a much longer session, we expect it to be probably about an hour with Q&A, so allow us a really good platform to geek out maybe on the technical session with interested investors. And then on top of that, we want to provide more visibility, transparency. Now we’re on New York Stock Exchange that we hope to position the BSD, Battery Solution Day as a regular venue for us another step towards this transparency towards that direction.
Shawn Severson: So now, I have one final question, actually, on carbon fiber architecture, you have some applications for faster charging and lighter and safer, etc. What can we expect to see on that topic, if anything from KULR on that day?
Michael Mo: Yeah, that’s a good question. So, I think that the killer out for battery, in our perspective, is a fast charging which is one of the — and also one of the limiting factors for fast charging is overheating. We think that there might be ways to solve that problem by using carbon fiber inside a battery cell other than just outside to reduce thermal and electrical resistance inside the cell and also be able to spread out the heat better.
So, we’ve been developing, exploring and testing some technology as well structures to make it lighter and safer. We’re in very, very early days, I would say in that development, there’s a lot of work to do on the testing for electro chemical reactions, cycle live, etc. So, we want this architecture to work with existing lithium-ion battery chemistry, as well as potentially solid-state batteries as well. So, it’s a long-term strategic development for KULR. We hope by BSD in September, we’ll be able to file certain number of patents around that and we can show some data and then some more work to our investors.
Shawn Severson: Great. Thanks. That’s all I have and we’re looking forward to September 21, for more information, and thank you, Michael.
Michael Mo: Great. Thank you so much.