KULR’s battery safety technology wins validation from Naval Surface Warfare Center for being effective

KULR Technology Group Inc (OTCQB:KULR), a leading developer of next-generation thermal management technologies, said on Thursday that a report by the Naval Surface Warfare Center validates the effectiveness of the company’s battery safety technology. The San Diego-based company said the report by the Naval Surface Warfare Center Carderock Division (NSWCCD) confirms that “KULR’s thermal management solutions can prevent cell-to-cell propagation.” These findings mirror test results from other government and private test authorities. KULR developed its cooling technology with help from NASA for regulating extreme temperatures of sensitive components in space. Today, the company has manufactured custom-designed heat sinks (channels heat away) and thermal management products for two NASA Jet Propulsion Laboratory space missions — Mars Perseverance Rover and the return to the Moon in 2025. READ: Taglich Brothers initiates coverage of KULR Technology with Speculative Buy rating and 12-month price target of $2.50 The new “Emerging Energy Storage Technologies” report studied energy storage applications in consumer electronics, and the safety concerns they pose. “Incorporating a vaporizing heat sink from KULR could lead to significant mass savings and … was capable of preventing cell-to-cell propagations. (Battery packs) assembled and tested at NSWCCD with the KULR material (the Thermal Runaway Shield) were found to be highly effective at resisting cell-to-cell propagation when a trigger cell was externally heated,” said the report. “Meanwhile, identical cells with identical configuration but no TRS underwent a complete cell-to-cell propagation under the same test conditions.” Experts maintain that extreme heat, bumping and jostling, high-demand usage, or physical damage can cause a single battery cell in a multicell pack to fail. “When this happens, the fire and heat of that single failure often trigger failure in neighboring cells. This causes a dangerous chain reaction that causes high energy fires and explosions,” noted the company. According to the NSWCCD report, KULR’s solutions are capable of preventing these types of runaway or propagation risks. In addition underlining the effectiveness of KULR safety products in lithium-ion battery packs, the report highlighted storage alternatives to lithium-ion batteries such as solid state or lithium metal configurations. “The overall conclusion from the authors of this report is that lithium-ion batteries are likely to maintain if not increase application in consumer electronics. For this reason, the safety of these devices may have to be engineered through secondary technologies,” noted the report. KULR CEO Michael Mo said the report is “highly significant” as it shows that lithium-ion batteries will not be replaced soon, which makes preventing cell-to-cell propagation fires “the holy grail of battery safety.” “The results again confirm that our design solution efficiently prevents battery packs from blowing up, which has major implications across various multi-billion-dollar market verticals,” added Mo. Hazmat Safety Consulting President Bob Richard noted that there’s a real need to improve lithium battery safety. “Multiple government agencies are focused on technologies that can reduce the likelihood of battery fires in transport (e.g. aircraft cargo compartments), for energy storage, vehicle applications, and consumer electronics. The test results on KULR’s thermal management solution are quite remarkable and very encouraging,” said Richard. KULR recently announced research and design partnerships with a number of commercial partners, including Drako Motors, a Silicon Valley manufacturer of the high-performance electric supercar Drako GTE. The firm’s technology also is being used on the International Space Station and the Mercury Messenger project. Contact the author Uttara Choudhury at uttara@proactiveinvestors.com Follow her on Twitter: @UttaraProactive