KULR Technology Group Inc (NYSE:KULR) announced that it has achieved operational readiness for its Fractional Thermal Runaway Calorimeter (FTRC) within its suite of battery safety and thermal management solutions after finalizing a commercial licensing agreement with the National Aeronautics and Space Administration (NASA) for the agency's patent-pending FTRC solution.
The energy management platform company said its new commercial license allows customers access to new battery safety and testing solutions across multiple industries.
“FTRC is a key part of KULR’s holistic methodology for the design of safe battery systems and amplifies the company’s mission of providing commercially applicable solutions that support the electrification of the circular economy,” KULR Technology Group chief technology officer William Walker said in a statement.
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“Fractional calorimetry has certainly changed the way we understand thermal runaway and I cannot wait to see what else is revealed to the industry as we continue our explorative studies internally on thermal runaway behavior,” Walker added.
The company noted that following a one-year trial license from NASA, KULR’s new commercial license allows FTRC to be utilized by commercial-leaning companies, such as aerospace company Lockheed Martin, that wish to develop better and safer battery pack and battery management system (BMS) designs.
FTRC measures the amount of heat energy released during a thermal runaway event, a dangerous, powerful chain-reaction explosion that can happen when batteries are stored, shipped or used together, which helps engineers and designers better understand these incidents and helps develop safer battery solutions to mitigate them, according to the company.
KULR added that the commercial license for its FTRC specifically applies to 18650 and 21700 format lithium-ion cells and the company plans to enable pouch cell FTRC next month.
KULR Technology develops, manufactures, and licenses next-generation carbon fiber thermal-management technologies for batteries and electronic systems. As the world of electronics demands increasing processing power and further miniaturization and transportation into electrification, KULR’s disruptive, game-changing thermal management technology strives to solve the challenge of keeping electronics cooler, lighter, and safer in an ethical and environmentally sustainable manner.
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