The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.
We’ve all held battery-powered devices in our hands and know that they can get really hot when we overuse them. When batteries overheat they can catch fire, explode, or at a minimum reduce system performance and reliability. This creates a growing need for efficient thermal management in the battery safety and electronics industries.
According to data released by the Federal Aviation Administration (FAA), since 2017, lithium battery incidents involving smoke, fire, extreme heat, or explosions occur an average of once every eight days on planes or in airports. So it is essential to provide new safety solutions that can prevent future incidents as society continues its rapid adoption of rechargeable batteries .
KULR Technology Group, Inc. KULR develops, manufactures, and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. The company is taking its space-proven solutions for electronics and lithium-ion batteries to serve the world of electric transportation, energy storage, battery safety, 5G infrastructure, cloud computing, aerospace, and defense applications.
NASA & KULR: Technology Proven In Space
Thermal management for aerospace and defense applications are mission-critical, particularly with space electronics exposed to severe shock, vibration, and extreme temperature swings throughout flight operation.
KULR’s core technology is a carbon fiber material that provides superior thermal conductivity and heat dissipation properties in an ultra-lightweight compliant material.
In fact, KULR’s technology has its beginnings in the space industry with over 30 contracts with NASA, including providing thermal management solutions that were used in the Mars 2020 Rover, Mercury Messenger, and classified government projects.
The company’s proven technologies can be seen with the engagement of Tier-1 aerospace operators, including Boeing Co. BA, Lockheed Martin Corp. LMT, Leidos Holdings, Inc. LDOS, and Ball Corporation BLL, among other companies.
Making 5G Technologies Safer & More Reliable
All this need for remote connectivity has resulted in a more significant need for cost-effective safety solutions when relying on 5G communication and cloud computing. Since everything is now handled in our home office or through our handheld devices, the need for improved, cost-effective cooling solutions is even more important. KULR enables leading aerospace, electronics, energy storage, 5G technology, and electric vehicle manufacturers to create cooler, lighter, and safer products for the consumer. The company collaborates with top companies in 5G and cloud computing to develop solutions that maximize performance and safety.
Phase Change Materials
KULR has different proven technologies to transform the E-Mobility, consumer electronics, and aerospace industries. These technologies include Thermal Interface Materials, HYDRA Thermal Runaway Shields, URSA Fiber Thermal Interface Materials, LYRA Internal Short Circuit Trigger Cells, and ARA Thermal Capacitors with PCM heat sink.
The ARA is a carbon fiber-infused heat sink utilizing phase change materials (PCM) to absorb or provide heat. It successfully reduces system temperature excursions and extends both the life of key components in your product as well as overall operating times. Due to its low mass, it saves on weight and volume by reducing or eliminating the need for active cooling.
Recently, KULR partnered with Drako Motors for their electric supercar. The Drako GTE will integrate KULR’s FTI Thermal Interface Material within its thermal management system.
In addition, the company’s technology can help with compliance and safety within the EV sector for companies like Tesla Inc’s TSLA, Arcimoto FUV, Nio NIO, and General Electric GE, among others.
Recently, the Consumer Product Safety Commission reported that KULR’s design solutions can stop fires and explosions in lithium-ion battery packs and provides additional insights on the future of safe battery technology. In fact, the worldwide lithium-ion battery market will exceed $100 billion by 2024, growing at an 18% CAGR.
"From our beginnings as a component supplier, KULR is evolving into an integrated design and testing services provider today," said Michael Mo, CEO of KULR. "Ultimately, by leveraging our thermal design expertise and intellectual property, we envision KULR to provide total systems solutions for the directed energy, hypersonic vehicle thermal systems, energy storage, and lithium-ion battery recycling markets, and develop market-leading products that KULR will take to market directly. We believe that by doing so, we will be able to create more value for our shareholders while making the world of batteries and electronics cooler, lighter, and safer.”
KULR recently announced research and design partnerships with a number of commercial partners: the super-EV, a separate Tier-1 automaker, a major power tool manufacturer, a large medical device manufacturer, a shipping container maker, as well as various defense and aerospace engagements.
"We are taking steps to meet the requirements to up-list KULR stock, currently trading on the OTC Markets, to a national securities exchange. We believe that moving to a national exchange will help increase investor awareness, broaden KULR's institutional shareholder base, and provide shareholders better liquidity,” said Michael Mo, CEO of KULR. “ This will put KULR in a strong position to execute on its goals and vision in the coming months and years, especially as the markets anticipate an increased focus on clean energy and decarbonization."
The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.
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