KULR Technology Group Inc (OTCQB:KULR) said it has been issued a special permit from the US Department of Transportation authorizing the transport of lithium-ion and metal batteries for recycling.
The developer of lithium-ion battery safety and thermal management technologies said the permit provides exceptions from shipping papers and employee training when shipping lithium batteries in excess of 300 Watt-Hours, as well as authorizing the exceptions based on the use of KULR's specially designed thermally protective packaging which incorporates the company's patented thermal runaway shield (TRS) technology.
READ: KULR Technology says United States Patent and Trademark Office has awarded it a patent on its Thermal Runaway Shield
KULR also said regulatory bodies were particularly interested in its passive propagation resistant (PPR) design and proprietary internal short circuit (ISC) battery safety testing technology.
“The permit issuance comes at a crucial time for the general public since lithium batteries used by consumers and companies such as outdoor power equipment manufacturers are increasingly larger and more energy dense, such as batteries for lawn mowers, snow blowers and power tools. These batteries require shipment for recycling when they reach end of life…As a provider of space-proven expertise in the design, manufacturing, testing and development of innovative risk mitigation solutions to enhance lithium battery safety, KULR continues to support regulatory initiatives that promote the development and safe transportation of lithium batteries, especially in end of life and recycling applications," the company said.
"Sound battery design, testing and packaging play a critical role in reducing the likelihood of cells and batteries experiencing thermal events. These factors are also crucial in reducing the hazards when a cell or battery experiences a thermal event. Our product strategy is to provide a suite of products to address the battery safety issue from testing, transportation, application, second life, and to end of life. The recent issuance of this special permit from the Department of Transportation is a continuation of that strategy. We firmly believe the rising safety regulations in the renewable energy market will be a strong catalyst for KULR's products and testing services going forward", added KULR CEO Michael Mo.
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