KULR Technology says United States Patent and Trademark Office has awarded it a patent on its Thermal Runaway Shield

KULR Technology Group Inc. (OTCQB:KULR) said the United States Patent and Trademark Office has awarded it a patent on its Thermal Runaway Shield (TRS) - a passive propagation resistant solution designed and successfully tested to reduce the hazardous risks associated with thermal runaway in lithium-ion battery packs. The patent, issued as #11018397, was awarded on May 25, 2021. This is the third patent the company has been granted on its TRS technology. The company's TRS is a sleeve-like shield that surrounds and separates individual cells in multi-cell packs and contains carbon-fiber core and liquid coolant and the unique combination and configuration of the shield passively draws intense heat of cell failures away from nearby cells while dousing the failed area in a cooling and fire-prevention liquid. The TRS product is used by NASA to transport to and store batteries aboard the International Space Station. READ: KULR Technology Group announces sponsorship of IndyCar driver Marco Andretti at the Indianapolis 500 on Sunday "Securing this patent is the continuation of our progress in making batteries safer," Dr Timothy Knowles, co-founder and chief technology officer of KULR said in a statement. "We are extremely proud with the development of our patent portfolio. This new issuance expands the comprehensiveness of our battery safety technology covering disastrous battery failures." The KULR team brings technologies and multi-decades of experience capable of solving today's problems in thermal management. 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. "Battery safety is a global concern across many large and rapidly growing markets such as electric vehicles, battery storage, 5G infrastructure, drone delivery, and space exploration," said Michael Mo, CEO of KULR. "We continue to work with government agencies, regulators and commercial customers across the world to deploy our technology." KULR Technology develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company's roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. Contact the author at jon.hopkins@proactiveinvestors.com