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Forward Looking StatementsThis presentation and other written or oral statements made from time to time by representatives of KT High-Tech Marketing, Inc. and/or its wholly owned subsidiary KULR Technology Corporation
contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking
statements reflect the current view about future events. Statements that are not historical in nature, such as our revenue forecast, and which may be identified by the use of words like “expects,”
“assumes,” “projects,” “anticipates,” “estimates,” “we believe,” “could be,” "future" or the negative of these terms and other words of similar meaning, are forward-looking statements. Such
statements include, but are not limited to, statements contained in this presentation relating to our expected sales, cash flows and financial performance, business, business strategy, expansion,
growth, products and services we may offer in the future and the timing of their development, sales and marketing strategy and capital outlook. Forward-looking statements are based on
management’s current expectations and assumptions regarding our business, the economy and other future conditions and are subject to inherent risks, uncertainties and changes of
circumstances that are difficult to predict and may cause actual results to differ materially from those contemplated or expressed. We caution you therefore against relying on any of these
forward-looking statements. These risks and uncertainties include those risk factors discussed in Part I, “Item 1A. Risk Factors” of our Annual Report on Form 10-K or other filings we filed with the U.S.
Securities Exchange Commission (the “Public Reports”). Any forward-looking statements are qualified in their entirety by reference to the factors discussed in the Public Reports. Should one or more
of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended
or planned.
Important factors that could cause actual results to differ materially from those in the forward looking statements include: a decline in general economic conditions nationally and internationally;
decreased demand for our products and services; market acceptance of our products; the ability to protect our intellectual property rights; impact of any litigation or infringement actions brought
against us; competition from other providers and products; risks in product development; inability to raise capital to fund continuing operations; changes in government regulation, the ability to
complete customer transactions and capital raising transactions.
Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity,
performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to
conform these statements to actual results.
Forecasts
All forecasts are provided by management in this presentation and are based on information available to us 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.
Reference Material
This overview is delivered solely as reference material with respect to our company. This document shall not constitute an offer to sell or the solicitation of an offer to buy securities in our company in
any jurisdiction. The information herein is based on data obtained from sources believed to be reliable. Although we believe that the sources are reliable, we have not independently verified such
data. The trademarks included herein are the property of the owners thereof and are used for reference purposes only.
3
Making Electronics Cooler, Lighter, and Safer
Space Proven Technology Transforming The World of Electronics
44
Prologue
Overheating Is A Serious Problem In The Electronics Industry
• Modern CPUs have become more capable but energy consumption and heat production have grown rapidly
• Heat impairs performance and can result in failure and shortened life of electronics
• Demand for more powerful, higher energy density battery packs has grown rapidly
• Devices are getting more compact and capable
• Effective compact and lightweight thermal management solutions for electronics and energy storage (lithium-ion battery pack) are in high demand
“Lithium-ion Battery Demand Grows Despite Overheating Danger, Travel Limits”
- Arizona State University, Dec 27, 2017
“HP Recalls Laptop Batteries Due to Overheating Issues”
- Engadget, Jan 4, 2018
“Apple Store Reportedly Evacuated After iPhone Battery Overheats”
- CNET, Jan 9, 2018
“Self-Driving Cars Use Crazy Amounts of Power, And It’s Becoming a Problem”
- Wired Magazine, Feb 6, 2018
“Tesla Spontaneously Catches Fire With No Crash”-CNN, Jun 18, 2018
“Why Is My Phone So Slow? Common Causes Explained”
-Android Authority, July 6, 2018
“Samsung Galaxy 9 Phone Catches Fire, Burning Florida man”
- ABC News, July 11, 2018
5
Company Summary
• KULR Technology’s high-performance, passive thermal management technologies forelectronics and energy storage applications have a unique patented carbon fiberarchitecture that outperforms traditional solutions
• Our team has 20+ years experience producing high-caliber thermal managementsolutions for space and defense customers (NASA, JPL, Raytheon, and Boeing)
• Progressing towards commercializing disruptive cooling solutions on a larger scale with aprimary focus on high value space, industrial, defense and electric vehicle markets
• Secondary objective to commercialize within the consumer electronics, mobile andcloud computing markets
• Existing and potential customer engagements with a diverse group of world-classcompanies and organizations
• Various stages of next-generation product development anticipated to result in major
design wins
• Highly proven management team with extensive experience leading internationaltechnology companies
KULR tech inside International
Space Station’s NICER
telescope and 2020 Mars Rover
6
Company Fact Sheet Key Partnership Strategy Global Strategy
• Founded in 2013
• Parent assigned trading symbol in June 2018 (OTC: KUTG)
• Plan to apply for uplisting to major stock exchange in 2019
• 20+ motivated employees and growing
• 10 talented engineers and growing
• Active developmental partnership with NASA
• Exclusive license with NREL, a national laboratory of the U.S. Department of Energy
• Manufacturing scalability through global partnerships
• Innovative licensing and business partnership model to expand business worldwide
• Working with a diverse group of international companies and agencies to develop best-in-class thermal management solutions
• Licensing, Design Services, OEM, and Subscription Revenue Model
KULR Technology In Motion
7
Vision Statement
Provide next level cooling solutions for next-generation electronics
Making the world of electronics cooler, lighter, and safer
8
Carbon Fiber Cooling
Thermal Management Product Line
1. “FTI” – Fiber Thermal Interface (material)
2. “TRS” – Thermal Runaway Shield
3. PCM Heat Sink
Exceptional High Performance Thermal Management Products
“Demands for battery performance are really high, but right now KULR is a star
in finding ways to reduce the risk of dangerous overheating.”
- Goti Deng, UBTech Chief Strategy Officer
From The Wall Street Journal, “NASA’s Work to Head Off Battery Blazes in
Space Finds Uses on Earth”, July 21, 2017
9
Fiber Thermal Interface (“FTI”) Material
Carbon Fiber Cooling Exceptional High Performance Thermal Management Products
Features FTIThermal
GreaseThermal Pad PCM
Low Thermal
Resistance0.45 C.cm2/W 2.0 C.cm2/W 3 – 5 C.cm2/W 0.5 C.cm2/W
Bulk Thermal
Conductivity20 – 50+ W/m.K 2 – 5 W/m.K 2 – 4 W/m.K 3 – 8 W/m.K
Bond Line
Thickness0.3 – 4.0mm 0.05 – 0.1 mm 0.1 – 5.0 mm 0.2 – 1.0 mm
Low Contact
Pressure5 – 20 psi 20 psi+ 10 – 30 psi+ 30 psi
Compressibility Yes No Yes No
• Increases power densities of board layout while enhancing thermal stability and reliability
• High temperature tolerance in harsh working conditions
• Low contact pressure required relieving mechanical stress
• Ultralight weight and suitable for a wide range of electronics applications
Source: “Space Proven Carbon Fiber Thermal Management Solutions Unleash High-Performance
Device Performance”, KULR, Thermal Live 2017
10
Thermal Runaway Shield (“TRS”)
• Passive vaporizing heatsink enclosure prevents thermal runawaypropagation between lithium ion cells in a battery pack
• Lightest weight, effective lithium ion battery heat sink solutiontested by NASA to date
• Broad applications in the high energy density storage spaceespecially where weight and size restrictions are of concern (i.e.electric vehicles, bikes, and planes)
Carbon Fiber Cooling Exceptional High Performance Thermal Management Products
“KULR’s solution is the lightest weight battery heat sink option NASA has
evaluated to date, that has excellent promise to prevent thermal runaway
propagation with the highest energy density COTS Li-ion cell designs. To
date, NASA has not found a design solution with as much promise for
preventing Li-ion battery TRP with as positive temperature margins on the
adjacent cells while also being very lightweight.”
- Dr. Eric Darcy, NASA Johnson Space Center Battery Systems Lead (from
Space Tech Expo 2017)
11
PCM Heat Sink
• Reduces electronics system temperature excursions,extending life of key components
• Saves system weight/volume by reducing or eveneliminating the need for active cooling
• Lengthens system peak operating times
• Much lighter weight and more compact in comparisonto traditional metals used for thermal capacity
• Suitable for high-end electronics applications wheretemperature extremes need to be moderated
Carbon Fiber Cooling Exceptional High Performance Thermal Management Products
12
Competitive Advantage
KULR is a global leader in carbon fiber based thermal management solutions
• Years of R&D has resulted in great improvements to technology and manufacturing processes,improving design and lowering manufacturing costs
• Outperforms traditional solutions in virtually every category important to the world of electronics
• Cost-effective solutions for many high-performance electronics applications
• First mover advantage
• Patents on key manufacturing processes and carbon fiber architectures make barrier to entry high
• Strategic relationships with far-reaching individuals, internationally recognized companies, andgovernment agencies expands the Company’s footprint
13
Fast Growing Thermal Management Market To Reach $14.7B in 2021*
Target Markets
*BCC Research Report 2016, Thermal management market size
“I have always believed in KULR’s technology to solve challenging thermal problems. What KULR is doing with batteries, vehicles, and other markets is
really important and I look forward to contributing to their growth.”
- Xia Zuoquan, Co-founder and Director of BYDBusiness Wire, Press Release July 11, 2018
• Space, Industrial, and Defense along with Electric Transportation categories are our primary target markets
• Focus on innovative licensing and business partnership models to
expand position in key markets worldwide
1414
Developmental Partnerships
KULR to Exclusively Commercialize Lithium-ion Battery Safety Testing Devices (ISC) Developed by NASA and NREL
• NASA standards - Crewed Space Vehicle Battery SafetyRequirements, Rev D 2017 (Testing Standards) – Internal ShortCircuit (ISC)
• ISC is one of the most consistent, reliable testing solutions fortriggering thermal runaway
• Received 2016 R&D 100 Award
• Partnership opportunities with battery cell manufacturers,regulatory bodies (standards) and OEM customers who relyon consistent, reliable testing methodologies
• Anticipated to be a significant source of revenue
• Increases visibility of KULR’s TRS as a superior, safer, lightweightheat sink and energy storage solution.
1515
Developmental Partnerships
Multiple Developmental Stage Partnerships With World Class Companies and Organizations
Vertical MarketNumber of
Engagements
Stage of Customer
Development
Space/Industrial/Defense 9 1, 2, 3, 4, and 5
Electric Transportation 3 1 and 3
Consumer Electronics 5 1, 2, 4, and 5
Mobile and Cloud Computing 3 1 and 4
1
2
3
4
Design Win
Prototyping
Iterations of
Sampling &
Testing
Initial sample testing based on product specs
(i.e. size, weight, and thermal requirements)
5
Stages of Customer Development
Note: Engagements include FTI, TRS, and/or PCM heat sink product development
1616
Growth
Major Inflection Point Ahead of Rapid Growth Phase
• Build upon foundation of high value space, industrial, and defense customers
• Focus on mid-stage developmental contract with global automaker for next-generation electric vehicles
• Target global commercialization of ISC device (NREL and NASA partnership) and TRS solutions
• Rapid growth phase over next three years with accelerated expansion of engineering staff
• Secure large scale design-wins across multiple vertical markets
• Establish KULR as best-in-class thermal management solution provider
• Shareholder value creation through sustained quarter-over-quarter growth
Bank of America Merrill Lynch sees
space industry growing from $350
billion to $2.7 trillion in 30 years
Bank of America Merrill Lynch sees
oil demand peaking by 2030 as
electric vehicle market booms
17
Management Team
Michael Mo, Chief Executive Officer
• Family co-founded IC software simulation company, Epic Design Technology (acquired by Synopsis
for $427M in 1997)
• Co-founded Sympeer Technology in 2005 (acquired by Amlogic in 2007)
• Managed supply chain representing 70% of China's OTT set top box market
• Established business relationships with high profile tech leaders in the U.S. and China
• MS in Electrical Engineering from UC Santa Barbara.
Dr. Timothy Knowles, Chief Technology Officer
• 30+ years of thermal management R&D experience having performed work on some of the most
challenging aerospace and industrial applications
• Led team that built the X-38 battery heat sink, Mercury Messenger PCM heat sink, NICER telescope
PCM heat sink, and 2020 Mars Rover heat sink
• Conceived and developed KULR's proprietary Carbon Fiber Cooling solutions and was awarded
hundreds of contracts from numerous customers including NASA, JPL, Raytheon, and Boeing.
• PhD in Physics from UC San Diego
Simon Westbrook, Chief Financial Officer
• Founded and served as an officer of Aargo, Inc, a company specializing in financial consulting
services to corporations in various tech related industries
• Served as CFO of Amber Network and Sage, Inc. (Nasdaq: SAGI)
• Held senior financial positions at Creative Technology (Nasdaq: CREAF) and Atari (AMEX: ATC)
• Multiple initial and secondary public offerings and public and private M&A transactions
• Masters of Economics from Trinity College, Cambridge University
18
Management Team
Stuart Ching, VP of Sales
• Former Vice President of World Wide Sales for semiconductor company ARM Holdings (acquired
by Softbank for $32B in 2016)
• Led sales team of 165 employees responsible for generating over $1.2B in bookings and revenue
• Senior business leader with a proven record of creating and leading over achieving global
strategic sales teams with billion dollar revenue targets
• Alumnus of Stanford Graduate School of Business
Michael Carpenter, VP of Engineering
• Former Director of PCM Heat Sink Group and Safety Officer for Energy Science Laboratories Inc
• Served as Quality Manager and Facility Security Officer in the Defense Industrial Security Program
from 1988 to 1995
• B.S. in Applied Mechanics from the UC San Diego
19
Advisory Board
Morio Kurosaki
• President of IT-Farm Corporation in Japan
• One of earliest members of Western Digital Corporation’s
Japanese division
• Founded Aisys Corporation, a firm helping Silicon Valley
startups gain entry into the Japanese market
• Served as advisory board member of ARM and Nvidia Japan
Xia Zuoquan
• Co-founder and currently a director of BYD one of the worlds
largest electric vehicle and rechargeable battery
manufacturers
• 10% stakeholder in UBTech, a leading in AI and humanoid
robot manufacturer, recently valued at $5 billion
• Forbes World’s Billionaire List
• Early round investor in KULR Technology
Xia Zhongrui
• Former President of Hua Hong Micro-Electronics Corp
• Directed development of Shanghai government computer
system and promoting IT throughout China
• Developed China’s first 8-inch semiconductor processing line
• Director of semiconductor company Spreadtrum
Communications
Dr. Gang Chen
• Carl Richard Soderberg Professor of Power Engineering
• Department Head Mechanical Engineering – Massachusetts
Institute of Technology (MIT)
• Member of US National Academy of Engineering
• Fellow of American Association for Advancement of Science
and American Physical Society
20
Evolution of KULR Technology
1980
01
1990
03
2000 2010
09
Today
Product development
with world-class partners
and start of business
expansion into diverse
markets, including those
that are consumer facing.
2018
NASA and NREL Partnerships
NASA testing of TRS heatsink
battery enclosure is best-in-class.
Exclusive worldwide license of
NREL ISC testing device.
2017/2018
KULR Technology
Company founded; obtains exclusive worldwide
license of ESLI technologies and retains ESLI
team. CEO, Michael Mo recognizes increasing
need for improved cost-effective “cooling” tech
within broad high performance electronics
and battery markets.
KULR products are the solution.
2013
Mercury Messenger
Carbon-fiber core PCM
heat sink inside Mercury
Messenger satellite.
2004
Carbon Fiber Innovation
First prototype of core
carbon fiber thermal
management technology.
1990
International Space Station
KULR PCM heat sink tech
inside ISS NICER telescope.
2017
ESLI
Energy Science Laboratories
Incorporated founded;
specializes in materials science
R&D on behalf of mainly
government agencies.
1980
Dr. Timothy Knowles
Joins ESLI team and will play a
major role in developing key
carbon fiber architecture and
products for thermal
management of electronic
components.
1983
Advancements in R&D
Performance enhancing
Improvements made to core
technology and new product
offerings developed. ESLI will go on
to win over 500 contracts post-mid-
1990s with many agencies including
the US Military, NIH, NASA, JPL,
Raytheon and Boeing. Multiple
patents filed and obtained.
Mid-1990s thru early 2000s
0602
04
05
Advancements in R&D
Breakthrough in manufacturing process
of core tech, reducing production costs;
broad market viability. Development of
new ultra compliant and light-weight
“soft” TRS product. Multiple patents filed.
2016/2017
07
08