KULR Technology Group, Inc. (OTCMKTS: KULR) stock is moving higher in Thursday’s session after the news.
As of 12:33, KULR stock was up over 6.60% to $2.155. The stock has witnessed a total volume of over 132K shares traded hands -compared to its average volume of 151K shares. The stock opened at $2.10 and moved in a very wide range of $2.0700 – 2.2000.
KULR Technology says United States Patent and Trademark Office has awarded it a patent on its Thermal Runaway Shield
- 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.
“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.”