KULR Technology wins special DoT permit authorizing the transport of damaged, defective, or recalled lithium-ion batteries

KULR Technology Group Inc. has received a special US Department of Transportation (DoT) permit authorizing the transport of damaged, defective, or recalled (DDR) lithium-ion cells, batteries, or lithium metal cells contained in the company’s proprietary Thermal Runaway Shield (TRS) packaging.  The company said the granting of the recent DDR special permit -- its third in two months -- marks a key strategic step as it continues to push its TRS as an integrated design solution providing total battery safety for more efficient battery systems, increased sustainability, and end-of-life battery management.   KULR’s solutions have been proven by various government testing authorities to stop or mitigate the effects of dangerous lithium-ion battery failures known as thermal runaway (fires and explosions) that can occur when transporting batteries.  READ: KULR sees 1Q revenue rocket 439% driven by new orders from military and aerospace customers The company noted that the granting of the third special permit validates the commercial and regulatory viability of its passive propagation resistant (PPR) solution.   Previously, in October 2020, the Consumer Product Safety Commission reported KULR's design solutions could stop fires and explosions in lithium-ion battery packs, and provided additional insights on the future of safe battery technology. In 2019, KULR provided NASA with a solution to protect laptop computer battery packs aboard the International Space Station (ISS). "Damaged, defective, or recalled lithium-ion batteries can present tremendous safety risks to people, property, and the environment if they are improperly handled, stored or disposed of," said KULR President and COO Keith Cochran in a statement. "We live in an increasingly portable and digital society in which we routinely see rechargeable batteries or battery-centric products suffer damage or defect, which require a recall. We've seen it with children's toys, scooters, laptops, mobile phones, online shopping, and of course electric vehicles. With further adoption of Li-ion technology, we believe there will be an ever-increasing need for KULR's Thermal Runaway Shield (TRS) packaging.”  Cochran added: "Our DDR special permit, along with our recently attained prototype battery special permit and recycling special permit, strategically establishes KULR as an end-to-end provider of safe battery shipping solutions, no matter the mode of transfer." Contact the author: patrick@proactiveinvestors.com Follow him on Twitter @PatrickMGraham