Friday, December 27, 2024

KULR Technology Wins U.S. Navy Contract to Advance Battery Safety Testing Technology | KULR Stock News

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KULR Technology Group has secured a contract from the U.S. Navy to enhance its Internal Short Circuit (ISC) technology for higher temperature activation. The improved ISC devices, originally developed with NASA and NREL, will enable more accurate simulation of extreme conditions for battery safety testing in aviation applications. This advancement aligns with FAA and EASA safety standards, particularly benefiting electric and hybrid-electric aircraft development. The technology offers controlled thermal runaway testing in lithium-ion cells, providing important data for battery behavior under worst-case scenarios in high-stress environments.

KULR Technology Group ha ottenuto un contratto dalla Marina degli Stati Uniti per migliorare la sua tecnologia di Cortocircuito Interno (ISC) per un’attivazione a temperature più elevate. I dispositivi ISC migliorati, originariamente sviluppati con la NASA e la NREL, consentiranno una simulazione più accurata delle condizioni estreme per i test di sicurezza delle batterie nelle applicazioni aeronautiche. Questo progresso è in linea con gli standard di sicurezza della FAA e dell’EASA, a beneficio particolare dello sviluppo di aerei elettrici e ibridi. La tecnologia offre test controllati di runaway termico nelle celle di litio, fornendo dati importanti sul comportamento delle batterie in scenari critici in ambienti ad alta pressione.

KULR Technology Group ha conseguido un contrato de la Marina de los EE. UU. para mejorar su tecnología de Cortocircuito Interno (ISC) para activación a temperaturas más altas. Los dispositivos ISC mejorados, desarrollados originalmente con la NASA y NREL, permitirán una simulación más precisa de condiciones extremas para las pruebas de seguridad de baterías en aplicaciones de aviación. Este avance se alinea con los estándares de seguridad de la FAA y la EASA, beneficiando particularmente el desarrollo de aeronaves eléctricas y eléctricas híbridas. La tecnología ofrece pruebas controladas de fuga térmica en celdas de iones de litio, proporcionando datos importantes sobre el comportamiento de las baterías en escenarios adversos en entornos de alta presión.

KULR 기술 그룹미국 해군으로부터 온도 상승을 위한 내부 단락(ISC) 기술 개선 계약을 체결했습니다. NASA와 NREL과 함께 개발된 ISC 기기는 항공 애플리케이션의 배터리 안전 테스트를 위한 극한 조건의 보다 정확한 시뮬레이션을 가능하게 할 것입니다. 이 발전은 FAA 및 EASA의 안전 기준에 부합하며, 특히 전기 및 하이브리드 전기 항공기 개발에 유익합니다. 이 기술은 리튬 이온 셀에서 제어된 열 폭주 테스트를 제공하여 고압 환경에서 최악의 상황에서 배터리 동작에 대한 중요한 데이터를 제공합니다.

KULR Technology Group a obtenu un contrat de la Marine des États-Unis pour améliorer sa technologie de Court-Circuit Interne (ISC) pour une activation à des températures plus élevées. Les dispositifs ISC améliorés, initialement développés avec la NASA et la NREL, permettront une simulation plus précise des conditions extrêmes pour les tests de sécurité des batteries dans les applications aéronautiques. Ce progrès est en adéquation avec les normes de sécurité de la FAA et de l’EASA, bénéficiant particulièrement au développement des aéronefs électriques et hybrides. La technologie offre des essais contrôlés de défaillance thermique dans les cellules lithium-ion, fournissant des données importantes sur le comportement des batteries dans des scénarios critiques en environnements à forte pression.

KULR Technology Group hat einen Vertrag mit der US Navy gesichert, um ihre Technologie für den Internen Kurzschluss (ISC) zur Aktivierung bei höheren Temperaturen zu verbessern. Die verbesserten ISC-Geräte, die ursprünglich in Zusammenarbeit mit der NASA und NREL entwickelt wurden, ermöglichen eine genauere Simulation extremer Bedingungen für die Sicherheitstests von Batterien in der Luftfahrt. Dieser Fortschritt entspricht den Sicherheitsstandards der FAA und der EASA und kommt insbesondere der Entwicklung elektrischer und hybrid-elektrischer Flugzeuge zugute. Die Technologie bietet kontrollierte Tests des thermischen Durchgehens in Lithium-Ionen-Zellen und liefert wichtige Daten zum Verhalten von Batterien unter Worst-Case-Szenarien in Hochstressumgebungen.

Positive


  • Secured new contract with U.S. Navy for ISC technology enhancement

  • Technology advancement aligns with FAA and EASA aviation safety standards

  • Strategic positioning in the growing electric aviation safety testing market

Insights


The U.S. Navy contract represents a significant technological advancement in battery safety testing, particularly valuable for the growing electric aviation market. The high-temperature Internal Short Circuit (ISC) technology addresses a critical gap in current testing capabilities by enabling controlled thermal runaway simulation under extreme conditions.

The contract’s strategic value lies in its dual-use potential across military and commercial applications. The enhanced ISC technology will help validate battery systems against stricter FAA and EASA certification requirements, potentially accelerating the certification process for electric aircraft manufacturers. This positions KULR advantageously in the expanding electric aviation market, which is projected to grow significantly in the coming years.

While the contract’s monetary value isn’t disclosed, the partnership with the U.S. Navy adds credibility and could lead to expanded military contracts. The technology’s alignment with regulatory requirements suggests strong potential for commercial adoption, particularly among electric aircraft manufacturers seeking certification.












HOUSTON, Nov. 25, 2024 (GLOBE NEWSWIRE) — KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a provider of advanced thermal management solutions, has been awarded a contract by the U.S. Navy to advance its Internal Short Circuit (ISC) technology to activate at higher temperatures. This development, vital for both military and commercial applications, will support a wide range of safety-critical uses, with particular importance for aviation by enabling the simulation of extreme conditions that better reflect the stringent safety standards of the Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA).

KULR’s ISC devices, originally developed in collaboration with NASA and the National Renewable Energy Laboratory (NREL), induce controlled thermal runaway in lithium-ion cells, offering safer and more accurate testing than conventional methods. With the capability to activate at elevated temperatures, the new ISC devices provide deeper insights into battery behavior under worst-case scenarios, allowing for a precise evaluation of resilience and safety for high-stress environments.

Advantages of High-Temperature ISC Activation

High-temperature ISC activation supports critical advancements in aviation safety by:

  • Accurately Simulating Extreme Conditions: Higher temperature activation mirrors real-world operational stresses, offering precise data on thermal runaway behavior essential for electric and hybrid-electric aircraft.
  • Achieving Greater Consistency with Safety Standards: The advanced ISC testing helps align battery safety development with the rigorous safety expectations of FAA and EASA as electric aviation progresses toward certification.
  • Enhancing Military and Commercial Safety: The technology provides both the U.S. Navy and commercial aviation sectors with tools to rigorously evaluate battery resilience, bolstering mission safety and reliability.

“Our work with the U.S. Navy on high-temperature ISC technology will enhance safety protocols and provide essential data as electric aviation moves closer to regulatory certification and market entry,” said Michael Mo, CEO of KULR Technology. “With these advancements, KULR is well-positioned to support safer, more resilient battery systems across the aviation industry.”

This contract further strengthens KULR’s role as a critical partner in battery safety advancements. Combined with our growing capability to evaluate large-format cells and battery packs during thermal runaway, KULR is uniquely positioned to support the aviation sector in meeting safety standards and advancing safely to market. For more information on KULR’s ISC technology and its applications, please visit kulrtechnology.com.

About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) delivers cutting edge energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. The Company’s holistic offering allows delivery of commercial-off-the-shelf and custom next generation energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. For more information, please visit www.kulrtechnology.com.

Safe Harbor Statement
This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on April 12, 2024, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulrtechnology.com









FAQ



What is the new U.S. Navy contract awarded to KULR Technology Group?


KULR Technology Group (KULR) was awarded a contract by the U.S. Navy to develop high-temperature Internal Short Circuit (ISC) technology for enhanced battery safety testing in aviation and military applications.


How does KULR’s enhanced ISC technology benefit aviation safety?


KULR’s enhanced ISC technology enables more accurate simulation of extreme conditions for battery testing, aligning with FAA and EASA safety standards, and provides important data for evaluating battery resilience in electric and hybrid-electric aircraft.


What are the key features of KULR’s Internal Short Circuit technology?


KULR’s ISC technology, developed with NASA and NREL, induces controlled thermal runaway in lithium-ion cells, offering safer and more accurate testing than conventional methods, with new capabilities for high-temperature activation.





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