#Battery #Tech #Safety Snapshot (NYSE American: $KULR) (NASDAQ:
$TSLA) (NASDAQ: $ENVX) (NASDAQ: $KNDI); @KULRTech @Tesla
@Enovix3D
Evolving from #EV’s to #ElectronicDevices
to #Space - Safety Concerns Drive Future Innovation
Point Roberts WA, Delta, BC –July 22, 2021 - Investorideas.com, a leading investor news resource covering EV and battery stocks releases a special report on battery technology innovation as EV car manufacturers, electronic device companies and space agencies look for more efficient, safe and effective battery options.
Read this article featuring KULR
in full at https://www.investorideas.com/news/2021/renewable-energy/07222Battery-Tech.asp
In a report on the global lithium battery market, Reportlinker said,
“Safety concerns towards lithium-ion batteries is the major challenge faced by
the lithium-ion batteries market. Lithium-ion batteries generate large amounts
of energy, associated with the risk of explosion or fire.”
Continued: “For example,
Several Tesla (NASDAQ:
TSLA) Model S sedans caught fire after battery shield
getting damaged by road debris. Therefore, inadequate safety in lithium-ion batteries
hindering the lithium-ion batteries market’s growth.”
KULR Technology
Group Inc. (NYSE
American:KULR), a
leading developer of next-generation lithium-ion battery safety and thermal
management technologies believes they have a solution.
At the recently
announced ringing of the closing bell on the New York Stock
Exchange in celebration of the successful completion of its recent up-listing
to the NYSE American exchange,
KULR CEO, Michael Mo said, "We
couldn't be more excited about our prospects serving the world of e-mobility
and energy storage at a time when the world is entering into an electrification
revolution. We will continue to innovate with our space-proven technologies to
make batteries and electronics cooler, lighter and safer."
From the
news:
The Company 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.
KULR’s team has included some top
level directors such as Dr. Joanna D. Massey, who joined the Company as an
independent director back
in February.
Dr. Massey has extensive experience
advising executive teams at Fortune 500 companies, startups and non-profit
organizations. A seasoned C-level communications executive and consultant, she
has over 25 years' experience in the media and digital technology industries,
strategizing on global brand reputation management as Head of Communications at
Condé Nast Entertainment and Senior Vice President of Corporate Communications
at Lions Gate Entertainment (NYSE: LGF.A) and at
The Hub Network, a joint venture
between Discovery, Inc. (Nasdaq: DISCA) and Hasbro, Inc. (Nasdaq: HAS). She
also held Senior Vice President positions in communications and media relations
at CBS Corporation and Viacom, Inc., now ViacomCBS
Inc. (Nasdaq: VIAC). She
also previously served as managing director at Golden Seeds, an early-stage
investment firm with over $125 million in investment in more than 170
female-run businesses. Dr. Massey currently serves as a corporate consultant
working at the intersection of communications and neuroscience with her firm
JDMA Inc.
General Stayce D. Harris was also
recently added to its board of directors. Harris also serves as Chairperson of
the company’s Compensation Committee.
General
Harris is a retired United States Air Force Reserve Lieutenant General who last
served as the Inspector General of the Air Force. She previously served as the
Assistant Vice Chief of Staff and Director, Air Staff, Headquarters United
States Air Force and prior as 22nd Air Force Commander (US Air Force Reserve)
at Dobbins Air Reserve Base, GA. Harris made history becoming the first African
American woman to command an Air Force operational flying squadron, wing and
numbered Air Force and served as the first woman Inspector General of the Air
Force. Harris is an experienced pilot with
over 10,000 flight hours safely transporting passengers and cargo worldwide for
United Airlines (NASDAQ: UAL) and
was a pilot for nearly 30 years before retiring from the company in 2020.
Harris
serves as a director of The Boeing Company (NYSE: BA), an
independent director/trustee, BlackRock Fixed-Income Mutual Funds, and is a
member of the board of councilors for Viterbi School of Engineering, University
of Southern California, the board of directors for Direct Relief and a trustee
of the Falcon Foundation, United States Air Force Academy.
On June 30, 2021, KULR shared its
breakthrough recycling and prototype battery transportation solutions with
industry and government leaders at the 11th Annual Battery Safety Summit.
From the
news:
KULR recently received two US Department of Transportation (DoT) special
permits for the transport of recycled batteries and prototype lithium batteries
up to 2.1 kilowatt-hour (kWh). When shipping lithium batteries up to 2.1 KWh,
the special permit allows exceptions from shipping papers and employee safety
training. The special permit authorizes these exceptions based on using KULR's
specially designed thermally protective packaging which incorporates the
Company's patented Thermal Runaway Shield (TRS) technology. KULR's special permits
mark an important development for the Company as it continues to secure
logistical partners for air, maritime, and ground cargo transportation of
lithium batteries.
From the
news:
The Thermal Runaway Shield (TRS), has been shown in multiple tests to prevent
or minimize the dangerous fires and explosions that can occur after a
lithium-ion cell enters into a thermal runaway event. KULR's TRS technology was
selected by NASA to transport to and store batteries aboard the International
Space Station.
Tesla Inc. (NASDAQ:
TSLA) has been, for quite some time, one of the few EV
companies in town but that is changing as new entrants to market compete. Safety
is becoming a larger factor. The regulatory risk in Tesla’s largest market, the
US, has heightened considerably given a series of mishaps regarding the safety
of Tesla’s EV batteries.
A
recent article chronicles the tangible rise in concern
from the regulatory agencies, culminating with the new 'souped-up' Plaid Model.
“Unlike
’19 and ’20, Tesla is far from the only EV in town, be it Boston, Beijing, or
Barcelona. There is significant potential for a valuation derating due to
sliding market share, particularly from Tesla's main growth vector, China.”
The
company is expected to publish its Q2 2021 results after the markets close on
Monday, July 26. The EV company has already provided delivery figures for the
quarter, noting that it sold a record 201,250 vehicles, a sequential increase
of 9% and a year-over-year increase of about 130%.
The Company plans
to open up its network of superchargers to other electric
vehicles later this year, CEO Elon Musk said recently on Twitter.
Enovix
Corporation (NASDAQ
GS:ENVX), the leader in the design and manufacture of next
generation 3D Silicon™ Lithium-ion batteries, recently
announced a contract award with General Technical Services under
DOTC-17-01-INIT1218 Advanced Power Systems Technologies with the Department of
Defense to demonstrate safe and efficient advanced lithium-ion battery
technology to the U.S. Army. This contract was awarded in conjunction with
Inventus Power, a leading provider of advanced battery and power systems that
specializes in the design and manufacture of Li-ion battery packs, smart
chargers, and efficient power supplies. The application for the Enovix
batteries is the WarFighter centralized power source, used to power worn and
carried equipment within the soldier ensemble. Enovix believes that the total
U.S. wearable military battery market is approximately $350M annually based on
currently established military programs.
“President Biden’s recent executive
order calls for a comprehensive review of US supply chains to identify
vulnerabilities and risks, and lithium-ion batteries are imperative to our
military and national security,” said Cam Dales, General Manager and Chief
Commercial Officer at Enovix. “In addition to our demonstrated product
performance and ability to manufacture at scale, we understand that the
Department of Defense greatly values our ability to produce our advanced
lithium-ion batteries in the U.S. in order to secure the supply chain for
mission-critical power sources to power the most advanced defense force in
history.”
From the
news:
US soldiers carry more than 60 pounds of gear including more than 15 pounds of
batteries to power critical equipment—from weapons to newer technologies using
smartphones, tablets, and GPS—and traditionally those batteries have been
developed and sourced internationally. Since 2011, the US Army has been
provided with slim and light batteries that can last through a three-day
mission, solving two issues that soldiers were previously faced with: carrying
too much weight and having an efficient power source.
Kandi
Technologies Group, Inc. (NASDAQ
GS: KNDI), another player in the battery space, recently
announced the expansion of its battery cell business with the
acquisition of a leading cell producer in Jiangxi Province, China. Kandi is a
leader in electric vehicles and associated parts, including the cell business
of subsidiary Ankao and the intelligent battery exchange system, so this
acquisition is a natural fit to its vertical integration strategy. The company
to be acquired, Jiangxi Province Huiyi New Energy Co., Ltd., produces
approximately 90 million 18650 lithium-ion rechargeable cells annually. The
cells have a variety of applications, especially in consumer products. Kandi
intends to further grow its cell business by using the newly acquired
technology to address many new applications, eventually including EV battery
packs.
Mr. Hu Xiaoming, Chairman and CEO of
Kandi commented, “With the rapid growth of new forms of electric propulsion
mobility, the battery industry is literally in its infancy. Whether it is
classic pure-EV automobiles, recreational products like hoverboards, or the air
transportation of the future, eVTOLS, the need for powerful, safe, and reliable
battery storage will grow exponentially over the coming decades. Kandi already
has significant expertise in electric propulsion, so this acquisition is the
first step to take our expertise and market presence to the next level. Jiangxi
Huiyi is already a high volume, profitable producer. Under Kandi’s ownership,
we intend to grow volume and market share by leveraging their technology to
address many emerging applications.”
CNBC
recently reported on some of the recent vehicle fires from
the Chevy Bolt EV and Telsa Plaid, saying, “The fire is the most recent to
highlight an ongoing concern of automakers and vehicle safety watch dogs as
companies release an
influx of new electric vehicles in the coming
years. Automakers have continually touted the environmental benefits of EVs,
however, the lithium-ion batteries that power the vehicles can be dangerous and
result in significant chemical fires if something goes wrong.”
With so many new electric vehicles,
devices and yes...now spaceships all coming down the industrial pipeline at
breakneck speed, battery developers are realizing the need to up their game
with regards to innovation and efficiency. Safety can no longer take a backseat
to speed to market as the number of EV’s coming to market raises serious
concerns.
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investors following renewable energy and EV/battery stocks, visit the directory
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