Not surprisingly, most people don’t have a clue about how rechargeable lithium-ion (Li-ion) batteries function to power a mobile phone, tablet or toy, but they do know that they can get hot, real hot. In some case, they can even catch fire, which happens more than you probably realize.
Apropos, it is the chemical reaction in Li-ion batteries, coupled with inefficiencies in design and manufacturing, that results in battery heat that feels like a laptop is burning your thighs. The threat of a catastrophic fire is amplified exponentially should a battery be damaged, which highlights the importance for science and regulations to mitigate any risks.
In order to address these issues, more and more companies and organizations are turning to KULR Technology Group (OTCQB:KULR) and its suite of carbon fiber-based products for thermal management of Li-ion batteries. The portfolio contains a full spectrum of products from testing to shipping Li-ion batteries, inclusive of technologies that protect against fires and their spread.
Throughout decades of use in space missions, including currently traveling on the Perseverance Rover on its way to explore Mars, KULR products have been validated under some of the toughest conditions known to man.
With partners and clients such as NASA, Boeing, Lockheed Martin, Airbus, the Federal Aviation Administration and more, KULR is a little known darling of the OTC world that is making noise now that it has expanded into commercial markets. In about one year since launching the commercial initiatives in addition to its aerospace business, KULR is already working with Americase, the leading company in defective Li-ion battery returns; Drako Motors for its $1.2 million electric supercar; a Tier 1 tool maker to work on next-generation motors; the Outdoor Power Equipment Institute; Hazmat Safety Consulting Group and others.
Today, KULR said it has done it again, penning a Memorandum of Understanding with “a leading global electronics component and battery manufacturer, which is a leading supplier of a key electrical component in smartphones such as the Apple iPhone.” As is typical, the new partner’s name isn’t disclosed for competitive reasons, but investors can read between the lines to understand this partner is a key supplier amid the 5G mobile revolution that commands new thermal management and testing innovations.
KULR CEO Michael Mo called the partner’s reputation “unparalleled,” which speaks to the quality and scope of the latest opportunity to one day make KULR technology a benchmark on Earth as it is in space.
Per the MOU, the iPhone parts maker is interested in KULR’s Internal Short Circuit (ISC) battery testing technology and licensing KULR’s passive propagation resistant Thermal Runaway Shield (TRS) technology for a number of its current uses, including, to name a few, energy storage, electric mobility, consumer electronics and mobile devices.
“We are proud to work with a leading innovator, whose technology is trusted by globally recognized brands,” said Mo. “Through this partnership, we will share our breakthrough ISC and TRS technologies to make our partner’s batteries safer and more efficient for both commercial and consumer application,” he added.
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