Beam Global is Issued Patents in China and India for Thermal Management Technology that Makes Lithium-ion Batteries Safer
January 19 2023 - 8:00AM
Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of
innovative sustainable products and technologies for electric
vehicle (EV) charging, energy storage, energy security and outdoor
media, announced the issuance of another patent by the China
National Intellectual Property Administration (CNIPA) and the
Office of the Controller General of Patents, Designs and Trade
Marks (CGPDTM) in India, that cover the Company’s battery safety
technology, with the patent title Thermal State of Charge
Estimation of Phase Change Material (PCM) in a Battery Pack with a
PCM Thermal Management System products.
The Chinese Patent Certificate for Patent No. ZL 2018 8
0026414.8 issued December 6, 2022, and the Indian Patent
Certificate for Patent No. 412569 issued November 25, 2022, are for
Beam Global’s smart battery management system (BMS) that monitors
thermal storage capacity of the phase change material and
automatically adjusts the power output of the battery packs and
cells as a function of the thermal storage capacity of the phase
change material to provide a heat output within a predetermined
safe temperature limit.
“Battery safety is our number one priority at Beam. We now have
various patents covering our battery technology and innovations in
the US, China, the European Union, France, Germany and India,” said
Desmond Wheatley, Beam Global’s CEO. “Our ability to deliver
superior safety with technology that can mitigate thermal runaway
propagation is making batteries safer across the many modes of
transportation and automation that are electrifying, creating a
significant differentiating advantage for us. Protecting this and
all our other valuable IP in China, India and Europe is important
particularly as we continue to consider international expansion
opportunities.”
The electrification of transportation continues to gain global
momentum. Worldwide sales of electric cars rose strongly in 2022,
with 2 million sold in the first quarter, up 75% from the same
period in 2021, according to IEA. More vehicles were sold in China
in 2021 (3.3 million) than in the entire world in 2020. The first
quarter of 2022 showed similar trends, with sales in China more
than doubling compared with the first quarter of 2021 (accounting
for most of global growth), a 60% increase in the United States and
a 25% increase in Europe. According to Straits Research in a July
2022 report, the global market for vehicle electrification was
valued at USD 82.13 billion in 2021, and is anticipated to reach
USD 186.8 billion by 2030. Asia-Pacific is anticipated to maintain
its position as the most significant market.
About Beam Global
Beam Global is a clean technology leader providing innovative,
sustainable products and technologies for electric vehicle (EV)
charging, energy storage, energy security and outdoor media. Core
platforms include Beam EV ARC™ and Solar Tree® sustainable EV
charging systems, Beam AllCell™ high-performance energy storage
solutions, energy resiliency and disaster preparedness products and
a deep patent library.
Beam EV ARC™ EV charging infrastructure systems support any
quality brand EV charging service equipment, and Beam AllCell™
battery solutions power micro-mobility, terrestrial EVs, aviation,
maritime and recreational vehicles as well as stationery and
energy-security platforms.
Beam develops, patents, designs, engineers and manufactures
unique and advanced clean mobility solutions that protect the
environment, save customers time and money, empower communities and
keep people moving. Based in San Diego and Chicago, the company
produces Made-in-America products with the mission to Lead the
World to Clean Mobility. Beam Global is listed on Nasdaq under the
symbols BEEM and BEEMW. For more information visit BeamForAll.com,
LinkedIn, YouTube and Twitter.
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Forward-looking statements are generally accompanied by terms or
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that convey the uncertainty of future events or results. These
statements relate to future events or future results of operations,
including, but not limited to the following statements: statements
regarding the proposed acquisition, its expected benefits, the
acquisition’s anticipated timing, and the anticipated future
financial performance as a result of the acquisition. These
statements are only predictions and involve known and unknown
risks, uncertainties and other factors, which may cause Beam
Global's actual results to be materially different from these
forward-looking statements. There can be no assurances that the
proposed acquisition of AllCell will be completed. Except
to the extent required by law, Beam Global expressly disclaims any
obligation to update any forward-looking statements.
Media Contact:Next PR+1
813-526-1195Press@BeamForAll.com
Investor Relations:Core IRIR@BeamForAll.com+1
516-222-2560
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