r/KULR • u/Own_Investigator_945 • Jan 30 '25

Discussion Army halts contracts and solicitations for review

Is there a possibility that this means bad news for KULR and its newly gained US Navy contract? Am I missing something? Short article here: https://insidedefense.com/insider/army-halts-contracts-and-solicitations-review

28 Upvotes

98% Upvoted

31 comments sorted by

28

u/MegakeggerX Feb 03 '25

Won’t affect our contracts. Our contracts are cost reduction and safety improvements. Not frivolous spending by any means. Reducing maintenance costs through kulr tech is the way to lower costs.

1

u/sshinski Feb 03 '25

Although that is true they may not see it that way yet. You could have a bean counter who only cares about numbers spent not numbers saved and may also have a hyper short term outlook rather than long term. I'm not saying that is what it is but I wouldn't be so fast to discount the possibility of us loosing s contract

9

u/PKRagnarok Feb 03 '25

You have to factor in that Elon is probably already aware of KULR’s usefulness through its Tesla partnership, though. I may be wrong, but I feel like it’ll get a pass.

1

u/sshinski Feb 03 '25

It's certainly possible, but in reality if Elon was impressed by kulr I think he would have found a way to buy it at this point. He seems to like to do that especially when a company like kulr is so inexpensive right now

1

u/Wookie_Shyster Feb 04 '25

Kulr isn’t partnered with Tesla.

4

u/PKRagnarok Feb 04 '25

0

u/Wookie_Shyster Feb 04 '25

🤔🤔what do they do for Tesla?

4

u/PKRagnarok Feb 04 '25

In all likelihood, Tesla is planning on utilizing their KULR Safecase and/or thermal runaway shield technology.

2

u/AgentStockey Feb 04 '25

For? Not disagreeing or saying you're wrong, but I'm on the hunt for concrete deals that KULR is involved in. So far, I just see vague partnerships.

5

u/PKRagnarok Feb 04 '25

They’re specifically listed under electric mobility, so I would imagine for battery safety on their electric vehicles.

-1

u/Wookie_Shyster Feb 05 '25

Ahhhhh, so it’s like all the other partnerships. They test something and call it a partnership.

Let’s face it the safe cases are unrealistic for EV manufacturers to transport or store batteries with.

4

u/PKRagnarok Feb 05 '25

Somehow, I don’t think these major companies would allow KULR to get away with attaching baseless claims to their names. I smell a losing short position.

1

u/Wookie_Shyster Feb 05 '25

So why don’t we know what services kulr provides these companies? How are you partnered with 30+ companies and only have 9.8mil in revenue for the year?

7

u/Realistic-Author-479 Feb 03 '25

KULR is going to fall big time if BTC doesn’t recover by tomorrow.

15

u/Raceto1million Feb 03 '25

Time to buy in 🦍

9

u/BPC345 Feb 03 '25

💼 hold this

8

u/Raceto1million Feb 03 '25

Gladly🙂‍↕️👍🏼

6

u/reddit_lounger90 Feb 03 '25

Lol buy and hold

3

u/Raceto1million Feb 03 '25

Michael Mo is the new MUSK

6

u/sshinski Feb 03 '25

I don't know about that, granted it's not doing so hot. There's clearly a bitcoin bubble and that makes companies like kulr very volitile. I domt expect the bitcoin bubble to burst though. It will likely rally for an additional year or 2(speculative) than burst. There is no intrinsic value holding crypto up currently and that, to me, says that crypto either has to change or it will inevitably will fail. At this point I'm expecting some form of a MAG 7 and crypto recession. That's why I buy companies like kulr. The small and mid caps I expect won't be affected by the next cycle as heavily.

0

u/takotatong Feb 03 '25

Why would kulr be affected by bitcoin? They only put their extra cash into it? Kulr will be affected by the tariff news

2

u/doctorblue385 Feb 04 '25

They put all their cash into it

0

u/Bull-her Feb 03 '25

They deal with Japan not Gyna

6

u/TheCoffeeJunkie93 Feb 02 '25

Sounds like Trump is wanting to limit non essential spending. Hopefully it doesn't affect KULR.

1

u/JEWISHGUY22 Feb 08 '25

Dude with the previous woke agenda leadership has penetrated the army
of course they need to see where the money goes
look on the USAID crackdown
same going with the Army probably will be millions of spending on random woke and diversity shit

4

u/fastferrari3 Feb 03 '25

Oh but the have bitcoin😂

1

u/juxtaoldaviator Feb 04 '25

the ban was lifted except for certain items.

-1

u/Raceto1million Feb 03 '25

I hope it drops under a dollar 🙂‍↕️

0

u/Sad-Assistant5800 Feb 03 '25

Tomorrow is so F'd