KULR Secures Exclusive Global License For NASA's Battery Safety Technology To Service World's Largest OEM Customers
Portfolio Pulse from Benzinga Newsdesk
KULR Technology Group, Inc. has secured an exclusive global license for NASA's large format Fractional Thermal Runaway Calorimeter (FTRC) technology, which is critical for lithium-ion battery safety testing. This positions KULR as the sole provider of comprehensive battery testing services for all cell types and establishes them as a key partner for OEMs in battery safety design, testing, storage, and recycling. The global battery testing equipment market is expected to grow from USD 11.2 billion in 2021 to USD 16.5 billion by 2030, and KULR is already serving major clients in the automotive, space exploration, electric truck manufacturing, and electric vertical take-off and landing sectors.
January 17, 2024 | 1:45 pm
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KULR Technology Group's exclusive license for NASA's FTRC technology enhances its position as a leader in battery safety testing services, potentially increasing its market share and revenue in a growing industry.
The exclusive license for NASA's FTRC technology is a significant competitive advantage for KULR, likely to attract more OEM customers seeking advanced battery safety solutions. This strategic move could lead to increased demand for KULR's services, positively impacting its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100