The Internal Short Circuit Testing Technology Allows the Company to Predictably Instigate Battery Cell Failure and then Study the Causes Behind Them in Order to Build Safer Batteries
SAN DIEGO / GLOBENEWSWIRE / November 14, 2022 / KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a leading energy management platform company accelerating the global transition to a sustainable electrification economy, today announced that it has entered into an agreement to provide its internal short circuit (“ISC”) battery safety and testing device to the largest automotive manufacturer in the United States (the “Customer”). Additional information regarding Customer pipeline can be found in the Company’s latest 10-Q filing.
The internal short circuit testing solution reliably creates thermal runaway in lithium-ion battery trigger cells in controlled, laboratory conditions. The device does not rely on mechanically damaging the battery exterior to activate the short, as do most of the other evaluation methodologies, but instead triggers a true internal short. This makes it possible to accurately pinpoint and fix problems leading to malfunctions. This superior testing method allows KULR and its customers to more effectively test the next generation of EV batteries and bring more reliable and safer battery systems to market in a faster and more cost-effective manner.
The ISC technology received the prestigious R&D 100 Award in 2016 and was the runner-up for NASA invention of the year in 2017.
“We are at the beginning of the electrification movement and it’s great to see a global automotive company fully embrace the strategic value of better testing for designing the next wave of EV battery systems,” said Michael Mo, CEO at KULR Technology. “Particularly in the wake of Hurricane Ian and the continued destruction that was caused by the explosion of EV batteries in areas affected by the storm, solutions like KULR’s ISC device are more important than ever at ensuring consumer safety across a variety of industries including electric vehicles, electric vertical take-off and landing aircrafts, maritime and more.”
About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) is a leading energy management platform 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 https://www.kulrtechnology.com/.
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