KULR Technology Group Inc (NYSEAMERICAN:KULR), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, announced that it has received a special permit from the US Department of Transportation (DoT) authorizing the transport of prototype lithium cells and batteries aboard cargo aircraft.
The San Diego, California-based advanced technology company said the permit, issued as DOT-SP 21167, was granted on June 14, 2021.
"When transporting prototype batteries aboard cargo aircraft, it is critical to ensure the highest level of safety," said KULR President and COO Keith Cochran in a statement.
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"Lithium batteries can present significant hazards if they are not properly shipped in packages that afford a high level of safety and the ability to contain potential hazard (like excessive heat and fire). KULR's packaging was approved by the US DoT based on its ability to contain potential hazards in the unlikely event that a cell or battery would experience a thermal event.”
Cochran noted that KULR's newly issued special permit allows customers to safely ship prototype batteries that are necessary to "advance innovation" and contribute to the development of alternative green energy sources.
“KULR is using its technology to enhance safety and contribute to a greener environment," he added.
Prototype lithium batteries can only be transported on cargo-carrying aircraft to, from, or within the US when approved by DOT. The special permit authorizes the manufacture, mark, sale and use of KULR's specially designed packaging for transporting prototype lithium cells and batteries, and prototype lithium cells and batteries contained in or packed with equipment.
KULR said the granting of the permit marked an “important development” for the company as it continues to secure logistical partners for air, maritime, and ground cargo transportation of lithium batteries. “As battery technology continues to develop, and even safer designs are developed, the ability for manufacturers to ship prototype cells and batteries by air is critical to support continued battery innovation,” said the company.
The granting of KULR's second permit validates the commercial and regulatory viability of its passive propagation resistant (PPR) solution. In October 2020, 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.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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