KULR Technology Group Inc (NYSE:KULR) has announced that the US Patent and Trademark Office has awarded a patent on the technology behind its SafeCase products – a US Department of Transportation (DoT) permitted lithium-ion battery cell and pack storage and transportation system.
The company said the SafeCase products are designed to mitigate thermal runaway propagation and its catastrophic effects for lithium-ion battery packs of up to 2.5 kilowatt-hours (kWh) per case by utilizing its patented Thermal Runaway Shield technology.
“We bring decades of experience solving today's problems within thermal management,” KULR chief technology officer, Dr Will Walker, said in a statement. “Previously, the Consumer Product Safety Commission reported KULR’s design solutions could stop fires and explosions in lithium-ion battery packs and provided additional insights on the future of safe battery technology.”
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The company noted that in 2022 it gained immediate and open access to commercial partners and customers by securing United Parcel Service shipping certification, which allows for the shipment of batteries utilizing the KULR SafeCase products through UPS’ vast shipping network.
It said this is the fourth patent issued to KULR based on its TRS design architecture. As a result of its TRS solution, it more recently secured a trio of DoT-granted special permits enabling it to strategically pursue regulatory markets ranging from shipping prototype batteries to end-of-life battery management, as well as those used by NASA to transport and store batteries aboard the International Space Station.
“We continue to work with government agencies, regulators, and commercial customers across the world incorporating our holistic methodology for designing safe battery systems,” Walker added.
KULR Technology Group is a leading energy management platform offering proven solutions that play a critical role in accelerating the electrification of the circular economy. Leveraging a foundation in developing, manufacturing, and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systems, KULR has evolved its holistic suite of products and services to enable its customers across disciplines to operate with efficiency and sustainability in mind.
Contact the author at stephen.gunnion@proactiveinvestors.com