To any small or microcap company, forging a partnership with a major is a Holy Grail milestone, lending credence to operations and/or their technology. For KULR Technology Group, Inc. (OTCQB: KULR), landing a household name as a partner is becoming a regular occurrence as aerospace stalwarts look to gain access to KULR’s portfolio of next-generation carbon fiber thermal management technologies for batteries and electronic systems.
The San Diego-based company specializes in Lithium-ion (Li-ion) battery technologies, where it provides turnkey solutions that overcome the most common headache with the popular rechargeable batteries: fire. Vaunted for their high energy density, everyday applications for Li-ion batteries today include mobile phones, tablets, medical equipment, power tools, electric vehicles, energy storage systems and more. The challenge for scientists and engineers, however, has been how to mitigate risks of overheating, ignition and subsequent explosions as fire spreads from cell to cell, a phenomenon known as “thermal runaway propagation.”
Under no circumstance is a Li-ion fire acceptable, but if one happens in the air, much less outer space, it can be catastrophic. NASA obviously has every potential resource at its disposal to address this matter, for which it has frequently selected the carbon fiber technology of KULR for use on International Space Station missions and even exploration on Mars.
In fact, last week, KULR was selected by NASA to supply safe storage solutions for the Microsoft Surface Pro 5 notebooks used aboard the International Space Station.
KULR partners in its aerospace operations include Boeing (NYSE: BA), Leidos (NYSE: LDOS), Lockheed Martin (NYSE: LMT) and Ball Aerospace (NYSE: BLL).
As of Tuesday, European multinational aerospace corporation Airbus (OTC: EADSY) (Euronext: AIR) has joined that impressive list. KULR and Airbus Defense and Space have teamed up to provide KULR’s passive propagation resistant (PPR) battery design solutions for Airbus’s ongoing research into Li-ion battery testing and safety for flight applications for defense, space, helicopter and aircraft applications.
Unsurprisingly, Airbus has a connection with NASA as well, last week delivering two of its new H135 helicopters to NASA for use at Kennedy Space Center in Florida.
The KULR solution, a combination of its HYDRA Thermal Runaway Shield (TRS), LYRA internal short circuit and NASA’s Fractional Thermal Runaway Calorimeter (FTRC) cell analysis technologies, checks all the requisite boxes for flight applications, including superior mass and weight advantages.
Thermal runaway risk is minimized via KULR’s HYDRA TRS, a sleeve-like shield that encapsulates and separates cells in a multi-cell pack. Each sleeve contains a fiber core and fire-prevention liquid coolant that serves the purpose of passively drawing heat from the cell and neighboring cell and, in the event of a cell failure, dousing the damaged cell with liquid to extinguish any fire.
“We believe our TRS technology can provide a lightweight and effective solution to mitigate thermal runaway propagation risk for Airbus’ high-performance batteries,” said Michael Mo, CEO of KULR, in Tuesday’s news release.
With consideration for a steady influx of orders across Airbus’ aerospace operations, the question certainly should be raised as to just how big of a deal this could be for KULR. Even with COVID-19 somewhat stymying demand, a company that size of Airbus (H1 2020 revenue of US$22.23 billion) continues to generate the type of business that can be meaningful to KULR’s top and bottom line, whether through usage in Airbus airplanes and helicopters or as part of Airbus building next-generation mobile telecommunication systems for global satellite operator Yahsat.
The investment community would be wise to pay attention to the tailwinds that are starting to collect behind KULR as it steadily deepens it footprint in the multi-billion-dollar Li-ion battery industry working shoulder-to-shoulder with small and large companies alike on projects around the world and far beyond.
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