#Battery Innovators and the #Defense Industry: (NYSE: $KULR) (NASDAQ: $AREC) (NASDAQ: $GOEV) (NASDAQ: $LCID) @KULRTech @Amerresources @canoo @LucidMotors

#Battery Innovators and the #Defense Industry: (NYSE: $KULR) (NASDAQ: $AREC) (NASDAQ: $GOEV) (NASDAQ: $LCID) @KULRTech  @Amerresources @canoo @LucidMotors

 

Vancouver, Kelowna, Delta, BC – June 13, 2023  - Investorideas.com, a leading investor news resource covering defense, energy and battery stocks releases a news report on the evolution of  safer and more efficient battery options featuring KULR Technology Group, Inc. (NYSE:KULR), a leading energy management platform company accelerating the global transition to a sustainable electrification economy.

 

Read this article, featuring KULR in full at: https://www.investorideas.com/news/2023/defense/06131Battery-Innovators.asp

 

According to a June 5^th post on the Department of Defense website, “Deputy Defense Secretary Kathleen H. Hicks has made clear a healthy battery supply chain is essential for military capabilities and national security — and when it comes to batteries, "America needs to lead the world." Batteries are a vital and dynamic sector at the center of national efforts to deliver effective battlefield operations, secure critical defense supply chains and ensure America's clean energy future. The Defense Department depends on batteries to communicate, operate autonomous vehicles, power directed energy weapons and electrify warfighting platforms.”

 

KULR Technology Group, Inc. (NYSE: KULR), with a long history in defense, issued a shareholder letter last week with Chief Executive Officer Michael Mo sharing key milestones and insight into the Company’s future in the battery market.

 

Excerpts: “It is a privilege to write to you as the CEO of KULR Technology Group .Over the last two years, we have worked very hard to transform KULR from a niche component supplier to NASA and the Department of Defense, to a company with multiple energy management platforms powering the electrification economy.”

 

“In 2Q 2023, we signed contracts with customers representing more revenue than we have signed in any quarter since our founding. KULR has also laid the foundation, with new products, an expanding customer base, and growing customer demand for continued significant growth. Our demanding customers continue to validate the competitive advantages of our product suite.”

 

“At CES this past January, we launched our KULR ONE Platform, which includes the KULR ONE Design Solutions ("K1DS") platform and KULR ONE battery module. K1DS consists of both products and services. On the services side, we work with clients to design, test, prototype, and achieve necessary certifications in order to bring their products to market.”

 

“With respect to K1DS, our goal is to shorten the cycle time from initial design to readiness for manufacturing for production to under one year. As more customers come to us at the initial stages of their battery design/development cycle, we can reduce timelines by utilizing K1DS. We believe that we are achieving this with the US Army battery pack, having already started the design phase in April 2023, and being on schedule to achieve manufacturing readiness by April 2024.”

 

“We recently announced receiving a $1.13 million contract from the US Army to develop a safe, high-energy battery storage platform using next generation silicon anode lithium-ion cells. We also recently received an order from the US military to develop high-energy battery packs for uninterruptible power supplies to mobile command centers.”

 

From the May 4^th news: "We are proud to support military operational readiness with advanced next-generation energy storage platforms," said KULR CEO Michael Mo. “Our breakthrough KULR ONE Design Solutions has enabled leading aerospace, electronics, and energy storage manufactures to develop lighter, safer, and more thermally efficient products. Now, by developing next generation high-energy silicon anode battery packs into smaller and lighter power sources for deployed applications, we can implement measures that enhance the capabilities and resilience of soldiers in the field. We are very excited to help solve the difficult problems facing operational preparedness for the U.S. Armed Forces and its allies.”

 

Shareholder letter continued: “Another question, I am asked often is around the size of the market and KULR’s potential within it. McKinsey estimates the global lithium battery market to be approximately $400 billion by 2030. KULR operates within the approximately $200 billion portion of the market that includes battery cells, battery packs, and recycling. Some estimates have the battery recycling market alone to reach approximately $23 billion by 2030. “

 

American Resources Corporation's (NASDAQ:AREC) subsidiary, ReElement Technologies LLC ("ReElement Technologies"), a leading provider of high performance refining capacity of battery and rare earth elements, recently announced that it has signed a partnership with American Lithium Energy Corporation to enhance the current supply chain for lithium-ion batteries to the energy storage industry by supplying battery-grade materials, investing in and co-locating advanced refining capacity with ALE's battery manufacturing. Through this agreement, ReElement Technologies will supply the high-purity lithium and other refined battery minerals to be used in creating ALE's state-of-the-art batteries that are used in a variety of applications and industries including medical, aerospace, defense, and electric vehicles.

 

From the news: American Lithium Energy ships the world's highest energy density silicon-based lithium-ion batteries with industry best safety and zero-volt stability. ALE's patented technologies eliminate the need for trade-offs between energy density, lifecycle, and safety, and ALE's products are able to deliver all three benefits. ALE's patented lithium battery safety technologies generate extremely high-power, high-energy-density lithium cells. ALE's customers include: Department of Defense, Department of Energy, and several US defense primes for over several years.

 

In February, The Defense Innovation Unit awarded Canoo (NASDAQ: GOEV), a high-tech advanced mobility company, a contract to supply battery modules for analysis and demonstration. This award supports the U.S. Department of Defense focus to incorporate scalable and adaptable capabilities in tactical environments.

 

From the news: “We are proud to be selected by the DoD and to contribute to our country's global defense technology leadership.”

 

From the news: "We are very proud to be selected by the Department of Defense and to contribute to our country's global defense technology leadership. This award is another example of our focus and commitment to innovation. We've worked hard and continue to develop our patented technologies and ability to deliver flexible, on demand energy solutions that are multi-purpose capable, to serve America's interests and its allies around the world," said Tony Aquila, Chairman & CEO at Canoo.  

 

From the news: Canoo's proprietary battery system is modular to support different vehicle configurations and engineered to provide industry leading energy density. The system is designed to be flexible and compatible with cells from leading battery providers and engineered to evolve with changes in cell size and chemistry as the industry matures, scales and reduces costs.

According to Torquenews, “ Lucid  (NASDAQ:LCID) will develop battery modules for the Department of Defense to test towards the electrification of military platforms along with Canoo, GM Defense and two other companies that are yet to be named.

 

Continued: The contracts charge Lucid and Canoo with developing batteries that can be standardized across a range of military applications. In return, the companies will receive research funding and the revenue that comes with having one of the world's largest militaries as a customer.

 

Continued: Lucid's Role The contracts aim to reduce or eliminate barriers standing between the commercial sector and the military. Lucid is tasked with developing a version of its high-voltage battery systems specifically for EV tactical military vehicles

 

The opportunity is laid out in a June 5^th post on the Department of Defense website. “Budget and strategy are also aligned in this critical mission. The President's recently released FY 2024 defense budget request makes critical investments into revitalizing the defense industrial base, driving innovation, and building enduring advantages. The budget request invests approximately $6 billion in fostering industrial base resilience, including long-term investments in five defense-critical sectors in alignment with E.O.14017, including $125 million in battery and energy storage.”

 

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Breaking #AI #Stock News: GBT (OTCPK: $GTCH) Segmental Update: Magic2, a Suite of Eight AI Driven #EDATools Assisting Engineers with Faster #Semiconductor Design; @gbtt_inc #artificialintelligence

 

Breaking #AI #Stock News: GBT (OTCPK: $GTCH) Segmental Update:  Magic2, a Suite of Eight AI Driven #EDATools Assisting Engineers with Faster #Semiconductor Design; @gbtt_inc  #artificialintelligence

 

Santa Monica, CA, June, 13 2023 – (Investorideas.com Newswire) GBT Technologies Inc. (OTC PINK: GTCH) (“GBT” or the “Company”), is pleased to provide an update covering its EDA segment intellectual properties (“IP”) portfolio.

 

Read this news, feat5uring GTCH in full at https://www.investorideas.com/CO/GOPH/news/2023/06131Magic2.asp

Magic2 (internal project name), is an AI driven electronic design automation (EDA) software Suite helping engineers to speed up time consuming task work during the integrated circuits (IC) design phase. This week GBT received patent approval for its Epsilon tool which means that four out of the eight tools received patent approval. Magic2 consists of eight integrated software applications that each cover specific component processes of the IC design cycle.

 

The tools complement each other and will help drastically reduce the development costs and speed up the IC design development cycle.

 

§  Epsilon - RV (Reliability Verification) Software for real-time analysis and Auto-Correct of integrated Circuits Reliability issues, among them are EM (Electromigration), SH (Self-Heat), IR Drop [1], and another RV phenomenon [2].  Notice of Allowance issued – Functioning Software Demo available,

§  Omega – Automatic Design Rule Correction Software of physical IC layout block. The program reads a process rule deck, a GDSII [3], Oasis data [4] and automatically fixes all DRC [6] violations, maintaining hierarchy and LVS, RV, DFM [7] compliance. Notice of Allowance issued,

• Sigma - LVS [5] Automatic Correction of IC Layout Blocks. The program reads an LVS Deck and a GDSII, Oasis data and based on schematic fixes the physical layout. The program will re-wire nets, maintaining DRC, RV, and DFM correctness. – Patent issued.

§  Phi - Automatic IP layout blocks generator to create
from scratch IC layout blocks (For example: A USB unit, or a MEMORY unit), based on hardware description language or a circuit’s schematic. The system reads the circuit’s schematic or HDL [8] and automatically generates the block in a given process (for example: 5nm). The generated block is LVS, DRC, RV and DFM compliant. –Notice of Allowance issued.

• Tau - Patent and information pending. *
• Delta - Patent and information pending. *
• Kappa - Patent and information pending. *

§  Zeta - Patent and information pending. *

 

“It sounds technical because it is, but simply spoken, Magic2** is a suite of individual EDA tools which we believe can potentially save 1000’s and 1000’s hours of engineering time, speeding up the microchip design process and at the same time building better, faster, greener, cheaper, and more reliable microchips. Epsilon has been a double milestone for GBT Technologies Inc. as we already developed a limited working software version V1.0 which has performed in an operational setting and started the whole Magic2 concept. With all the positive industry feedback, GBT will continue to focus on expanding the family of its various EDA patents and concentrating on strategic potential partnerships with the goal of integrating these technologies into a broad marketplace, diversifying the risk within all these areas, and increasing shareholder value of that portfolio” said Mansour Khatib, CEO of GBT.

 

Company is starting a limited video series “GBT News from the CEO Corner” on the company blog where the CEO will share more insight and short video clips about ongoing news, and patents, in order to provide more transparency and provide easier understanding of the technology to shareholders. The first video will be published by the end of the month. https://gbtti.com/blog/.

 

There is no guarantee that the Company will be successful in researching, developing, or implementing this system. In order to successfully implement this concept, the Company will need to raise adequate capital to support its research and, if successfully researched and fully developed, the Company would need to enter into a strategic relationship with a third party that has experience in manufacturing, selling, and distributing this product. There is no guarantee that the Company will be successful in any or all of these critical steps.

 

[1] - IR drop, also known as voltage drop, refers to the phenomenon where there is a drop in voltage across a conductor or a power distribution network due to the resistance of the conductor itself. When current flows through a conductor, it encounters resistance, and according to Ohm's Law (V = I * R), a voltage drop occurs across the resistance.

 

[2] – RV: Reliability Verification - IC reliability verification refers to the process of assessing and ensuring the reliability of integrated circuits throughout their lifecycle. It involves identifying potential failure mechanisms, analyzing the effects of stress factors (such as temperature, voltage, aging, and others), and verifying that the IC meets specified reliability requirements.

 

[3] - GDSII (Graphic Data System II) is a file format commonly used in the semiconductor industry to describe the physical layout of integrated circuits (ICs) at the mask level. It is a binary file format that represents the geometric shapes, layers, and connectivity of the various components and interconnections within an IC design.

 

[4] - OASIS (Open Artwork System Interchange Standard) is a file format used in the semiconductor industry for representing the layout of integrated circuits (ICs) at the mask level. It is designed to address the limitations of the older GDSII format and provide enhanced capabilities for handling larger and more complex designs.

 

[5] - LVS stands for Layout versus Schematic, which is a process commonly used in the semiconductor industry for verifying the electrical connectivity correctness of an integrated circuit (IC) layout with respect to its corresponding schematic representation. The LVS process is crucial in ensuring that the physical implementation of an IC accurately reflects its intended circuit design. By verifying that the layout and schematic electrical connectivity are consistent and matched, potential design errors, such as missing or incorrectly connected components, can be detected and corrected before manufacturing.

 

[6] - DRC stands for Design Rule Checking, which is a crucial step in the design and verification process of integrated circuits (ICs). DRC involves analyzing the layout of an IC design to ensure that it complies with a set of predefined design rules and manufacturing constraints. The purpose of DRC is to identify potential layout errors and violations that could affect the functionality, performance, or reliability of the IC during manufacturing or operation. These design rules encompass various aspects of the layout, including spacing between components, width and length of interconnects, overlap of layers, alignment of structures, and other geometric constraints. By performing DRC, designers can catch potential issues early in the design process, minimizing the risk of costly errors and rework during fabrication. DRC helps ensure that the layout adheres to the manufacturing process capabilities and constraints, improving the manufacturability and yield of the IC.

 

[7] - DFM stands for Design for Manufacturing, which is a methodology used in the integrated circuit (IC) design process to optimize the manufacturability and yield of ICs. DFM focuses on designing IC layouts that are compatible with the capabilities and constraints of the semiconductor fabrication process. The goal of DFM is to identify and address potential manufacturing issues early in the design phase to minimize the risk of costly rework, yield loss, or performance degradation. By considering manufacturing constraints during the design process, DFM aims to improve the efficiency, reliability, and overall success of IC manufacturing.

 

[8] - HDL stands for Hardware Description Language, which is a specialized language used in the design and verification of digital integrated circuits (ICs). HDLs allow designers to describe the behavior, structure, and timing of digital systems at various levels of abstraction.

 

About US

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 ability and is building an intellectual property portfolio consisting of many patents. GBT’s mission, to license 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 on any mobile or fixed device worldwide. GBT’s vision is to produce this system as a low cost, secure, private-mesh-network between 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.

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements because of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website ( http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products.  The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

 

Contact:

Mansour Khatib, CEO
info@gbtti.com

 

*Functionality information about those tools have been withheld on purpose and will be disclosed when approved to protect the integrity of the IP.

 

** Magic2 has been designed as an independent tool in mind. Each tool can be used as a stand-alone version just loading the generic datafile much like you load a CVS file into a spreadsheet. This generic data exchange protocol insures that Magic2 tools can be used in conjunction with all the current leading design packages from Cadence, Synopsis, Siemens, Mentor Graphics enhancing the capabilities for any company designing advanced semiconductors such as Apple, IBM, Intel, Qualcomm, Samsung, TSMC, GlobalFoundries and more. The key advantage is that you will be able to use this tool out of the box without interruption, long learning curve or complicated software integration.

 

GBT Technologies Inc. (OTCQB:GTCH) is a featured tech stock on Investorideas.com

 

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#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqGM: $BITF) (NasdaqGS: $HUT) (NasdaqCM: $HIVE)

 

 

 

#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqGM: $BITF) (NasdaqGS: $HUT) (NasdaqCM: $HIVE)

 

Bitfarms Reports New Hashrate High, Hut 8 and HIVE Post May Results

 

Vancouver, Kelowna, Delta, BC June 12, 2023 -  Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

 

Today’s podcast is sponsored by Fintech Company AppTech Payments Corp. (NasdaqCM:APCX).

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2023/061223-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2023/crypto-corner/06121BITF-HUT-HIVE.asp

 

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Stocks discussed: (NasdaqGM:BITF) (NasdaqGS:HUT) (NasdaqCM:HIVE)

 

Bitfarms Ltd. (NasdaqGM:BITF) has announced that it has reached a new hashrate high of 5.3 EH/s, up 6 percent already from May 31, 2023. Ben Gagnon, the company’s Chief Mining Officer, explained:

 

“The first tranche of 2,982 MicroBT miners were installed and began hashing last week at our Rio Cuarto farm in Argentina. These miners contributed an additional 290 PH/s driving our hashrate to 5.3 EH/s, With these new installations, operating capacity increased to 29 MW at Rio Cuarto and to 207 MW company-wide. An additional 3,300 miners are en route to Rio Cuarto and will improve production and energy efficiency at this facility when installed in July.”

 

Hut 8 Mining Corp. (NasdaqGS:HUT) has posted its production and operations update for May 2023. Highlights include the mining of 147 Bitcoin (BTC) (average of 4.7 BTC/day), the sale of 179 BTC for proceeds totalling $6.8 million, and the production of 56.54 BTC/EH in hashrate capacity for the month. The company’s CEO, Jaime Leverton, commented on the remediation of Hut 8’s site in Drumheller, Alberta:

 

"While the re-energization at Drumheller has been challenging, our team continues to show grit and perseverance and is making progress. In addition to recognizing our mining team for their hard work and dedication, I would also like to congratulate our HPC team for winning a significant five-year client contract at our flagship data centre in Kelowna."

 

HIVE Blockchain Technologies Ltd. (NasdaqCM:HIVE) has reported the unaudited production figures from its global Bitcoin operations for the month of May 2023. Highlights include the production of 304.6 BTC, and an average hashrate of 3.30 EH/s for the month. Aydin Kilic, President & CEO of HIVE, said:

 

"We are starting to receive shipments of our 1.26 EH/s of ASICs which was previously announced, and are installing them in our data centers upon delivery. We expect to provide updates on our growing hashrate capacity as we work towards our interim goal of 4 EH/s, and moreover, we are actively evaluating opportunities in the market for our year end goal of 6 EH/s."

 

Sam Mowers, Investorideas

 

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Podcast sponsor: 

AppTech Payments Corp. (NasdaqCM:APCX) is an innovative Fintech company whose mission is to deliver a better way for businesses to provide their customers with immersive commerce experiences. Commerse™, its all-new, patent-backed technology platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable, cross-border digital banking, text-to-pay, crypto payments and merchant services altogether from a single, unified stack designed to increase operational efficiencies and growth for businesses while providing the economic convenience that their customers demand from today’s commerce experiences. For more information, visit apptechcorp.com.

 

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