KULR and Cirba Solutions Announce National Groundbreaking Recycling Program for Lithium-Ion Battery and Battery Materials Packaging
July 18 2023 - 8:30AM
KULR Technology Group, Inc. (NYSE American: KULR)
(the “Company” or “KULR”), a global leader in sustainable energy
management, today announced a joint collaboration with Cirba
Solutions, the largest and most comprehensive battery materials and
management processor for end-of-life EV batteries and gigafactory
manufacturing scrap. This collaboration focuses on developing a
safe transportation platform for original equipment manufacturers
(“OEM’s”) to store and transport prototype, end of life, damaged,
defective, and recalled lithium-ion batteries up to 2.5 kWh
(kilowatt-hours) by utilizing KULR’s SafeCASE™ and Cirba Solutions’
nationwide logistics and recycling services.
The collaboration between KULR and Cirba Solutions is an
exclusive nationwide program for consumer lithium-ion batteries
focused on sustainability, for responsible and compliant recycling
in the United States. The large-scale deployment of KULR’s
SafeCASE™ product is set for immediate delivery while the ongoing
partnership is expected to yield additional products and solutions
developed together over time to meet the requirements of Cirba
Solutions customers.
KULR's fire resistant SafeCASE™, along with the Company’s
SafeSLEEVE™, are part of its patented SafeX product line, that will
serve Cirba Solutions’ customers with a comprehensive solution
available in customized form factors and configurations for the
safe storage and transportation of lithium-ion batteries depending
on the customer’s requirements.
For over 30 years, Cirba Solutions has demonstrated its
industry-leading capabilities in collection, logistics and
processing for all batteries. Cirba Solutions now provides the only
vertically integrated solution for customers: a true traceable
option enabling the circular battery supply chain.
Jay Wago, Chief Commercial Officer of Cirba Solutions,
emphasized “The need to safely transport lithium-ion batteries is
critical to increasing recycling rates and building a circular
battery framework in the U.S. The SafeCASE™ design provides safe
transportation and storage for lithium-ion batteries up to 2.5 kWh
in a form that is easy to use for customers. The focus on a
reusability feature makes the solution both cost effective and
sustainable.”
"As we continue to collaborate, we are eager to provide our
proven thermal protections to Cirba Solutions and its customers
with the common goal of helping provide a safer and cleaner
environment for everyone," said KULR CEO, Michael Mo. "Given
current geo-political, environmental, and economic issues facing
the world today, KULR is proud to help strengthen North America's
lithium-ion battery supply chain by ensuring its safe
transportation and storage."
About KULR Technology Group Inc.KULR Technology
Group Inc. (NYSE American: KULR) is a leading energy management
platform company 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.
For more information, please visit www.kulrtechnology.com.
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Investor Relations:KULR Technology Group,
Inc.Phone: 858-866-8478 x 847Email: ir@kulrtechnology.com
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