KULR Secures Exclusive Global License for NASA’s Battery Safety Technology to Service World’s Largest OEM Customers
January 17 2024 - 8:45AM
KULR Technology Group, Inc. (NYSE American: KULR)
(the "Company" or "KULR"), a global leader in sustainable energy
management, today announced the execution of the exclusive
worldwide license agreement for NASA’s large format Fractional
Thermal Runaway Calorimeter (“FTRC”). The small format FTRC is
NASA’s 2023 Invention of the Year, a technology vitally important
in analyzing lithium-ion cell thermal runaway characterization and
which was co-invented by NASA alumnus and KULR’s Chief Technology
Officer, Dr. William Walker. FTRC testing is a critical testing
protocol in order for battery pack manufacturers and their OEM
customers to deliver their customers the safest, high-capacity
batteries. Without conducting these complex testing protocols,
battery pack manufacturers and OEMs are not able to get as complete
a picture as to how safe their batteries are.
KULR is now the only entity in the world providing comprehensive
fractional thermal runaway calorimetry testing services for every
cell type, regardless of capacity or format. This breakthrough win
firmly establishes KULR as the de facto industry standard battery
testing and design services provider in the world to the largest
OEM customers across all industries.
Sole access to this all-important thermal runaway data
decisively positions KULR as a crucial strategic partner for OEM
customers requiring state-of-the-art battery safety design,
testing, storage, and recycling throughout any part or all of the
battery’s life cycle. According to Straits Research, the global
battery testing equipment market was valued at USD 11.2 billion in
2021 and is anticipated to reach USD 16.5 billion by 2030.
With an exclusive license to NASA’s entire FTRC technology
suite, KULR is already serving:
- A top global automaker for next generation EV battery safety
and testing solutions;
- One of the world’s largest private space exploration companies
for enhanced battery safety solutions;
- A top-5 American electric truck manufacturer to design and
develop safer next-gen batteries;
- A top-5 global manufacturer in the electric vertical take-off
and landing sector for safe battery testing solutions
- Testing lithium-ion cells in battery packs designed for the
Artemis Space Program;
- And many other customers across all battery chemistries
including silicon anode, solid state, nickel manganese cobalt
(NMC), and lithium iron phosphate (LFP).
“Maximizing the benefits of lithium-ion technology means that
operation of safe battery assemblies using large format cells is a
necessity in industry,” stated Dr. William Walker, Chief Technology
Officer of KULR Technology Group, Inc. “We find cells of these
sizes primarily in vehicles and in grid storage applications. NASA
also utilizes large format lithium-ion cells for energy storage on
the International Space Station. Unfortunately, utilization of
these cells can be difficult due to the immense amount of energy
and gases that are released during a thermal runaway event. These
challenges are further compounded when trying to satisfy stringent
safety requirements now being levied at regulators across the
globe. As a result, this positions the FTRC, regardless of cell
capacity or format, as a core and necessary tool for designing safe
battery systems.”
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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otherwise. Investor Relations:KULR
Technology Group, Inc.Phone: 858-866-8478 x 847Email:
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