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Wednesday, November 30, 2022

#RenewableEnergy #Stock Solar Integrated Roofing (OTC: $SIRC) Appoints Veteran Technology Leader as Co-Chairman & Chief Executive Officer - Company plans uplist to #Nasdaq; @SIRCStock

#RenewableEnergy #Stock Solar Integrated Roofing (OTC: $SIRC) Appoints Veteran Technology Leader as Co-Chairman & Chief Executive Officer - Company plans uplist to #Nasdaq; @SIRCStock

 

HENDERSON, NV., November 30, 2022 -- Solar stock news from Investorideas.com Newswire Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solar power, roofing systems installation and EV charging company, today announced the appointment of veteran technology executive George B. Holmes as its Co-Chairman and Chief Executive Officer, effective immediately. David Massey will continue to serve as Co-Chairman of the Company’s Board of Directors through the Company’s planned uplist to Nasdaq.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2022/renewable-energy/11301SIRC-Co-Chairman-CEO.asp

 

George B. Holmes is a senior executive with over 35 years of hands-on experience managing and developing companies ranging in size from $400K to $4B, spanning a broad range of technologies. Previously, Mr. Holmes was Chairman and CEO of Resonant Inc., a Nasdaq-listed provider of radio frequency (RF) filter solutions for the mobile industry, where he led the company from the early stages of development to a successful sale to Murata Manufacturing Company, Ltd., an established global leader in the electronics industry. Prior to joining Resonant, Mr. Holmes served in senior executive roles at Tigo Energy, Energous, SolarBridge Technologies, Agere Systems (formerly Lucent MicroElectronics), Ortel Corp (acquired by Lucent MicroElectronics), Level One Communications and Symmetricom. Mr. Holmes holds a B.A. in Business Administration from the University of Puget Sound and a Diploma in International Business from Nyenrode Business University, Netherlands.

 

“We are privileged to have secured a tenured executive of George’s caliber, bringing the public markets and business experience needed as we work towards a planned Nasdaq uplisting,” said David Massey, Co-Chairman of SIRC. “George will prove instrumental in leading the SIRC family of companies to the next level, forming a truly national organization with the ability to scale and drive value creation.

 

“It has truly been an honor to serve as CEO of SIRC for the past several years – I want to offer my sincere thanks to our employees whose hard work and dedication have allowed us to build upon our humble beginnings and achieve incredible feats. I am confident George is the executive best suited to guide our company into the future and I look forward to working closely together with him to ensure a smooth transition,” concluded Massey.

 

Holmes added: “I am excited to have the opportunity to lead SIRC into the next phase of its maturation as a public company, building upon the recent successes and the strong foundation developed under Dave’s leadership. As we leverage the recent transition to a fully reporting company, my first priority is to build an executive team and recruit a board of directors with the necessary skills to improve our internal controls and reporting functions, while continuing to drive operational execution and revenue growth that is intended to lead to a successful Nasdaq uplisting in 2023. I look forward to working closely with Dave, the Board and the entire team at SIRC as we seek to deliver long-term, sustainable value creation for our shareholders.”

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC: SIRC), is an integrated, single-source solutions provider of solar power, roofing systems and EV charging company specializing in commercial and residential properties throughout North America. The Company serves communities by delivering the best experience through constant innovation and legacy-focused leadership. For more information, please visit the Company's website at www.solarintegratedroofing.com or join us on Twitter or LinkedIn.

 

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

 

Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

 

Paid News -Disclaimer/Disclosure: . Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure : this news release featuring SIRC is a paid for news release on Investorideas.com  More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ 

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Tuesday, November 29, 2022

#Solar/ #EV #Stock News- Solar Integrated Roofing (OTC: $SIRC) Appoints Veteran Technology Leader George B. Holmes as Co-Chairman & Chief Executive Officer; @SIRCStock

#Solar/ #EV #Stock News- Solar Integrated Roofing (OTC: $SIRC) Appoints Veteran Technology Leader George B. Holmes as Co-Chairman & Chief Executive Officer; @SIRCStock

 

David Massey to Continue to Serve as Co-Chairman of the Board of Directors

 



 

HENDERSON, NV., November. 29, 2022 -- Solar stock news from Investorideas.com Newswire and RenewableEnergyStocks - Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solar power, roofing systems installation and EV charging company, today announced the appointment of veteran technology executive George B. Holmes as its Co-Chairman and Chief Executive Officer, effective immediately. David Massey will continue to serve as Co-Chairman of the Company’s Board of Directors through the Company’s planned uplist to Nasdaq.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2022/renewable-energy/11291SIRC-George-Holmes-CEO.asp

George B. Holmes is a senior executive with over 35 years of hands-on experience managing and developing companies ranging in size from $400K to $4B, spanning a broad range of technologies. Previously, Mr. Holmes was Chairman and CEO of Resonant Inc., a Nasdaq-listed provider of radio frequency (RF) filter solutions for the mobile industry, where he led the company from the early stages of development to a successful sale to Murata Manufacturing Company, Ltd., an established global leader in the electronics industry. Prior to joining Resonant, Mr. Holmes served in senior executive roles at Tigo Energy, Energous, SolarBridge Technologies, Agere Systems (formerly Lucent MicroElectronics), Ortel Corp (acquired by Lucent MicroElectronics), Level One Communications and Symmetricom. Mr. Holmes holds a B.A. in Business Administration from the University of Puget Sound and a Diploma in International Business from Nyenrode Business University, Netherlands.

 

“We are privileged to have secured a tenured executive of George’s caliber, bringing the public markets and business experience needed as we work towards a planned Nasdaq uplisting,” said David Massey, Co-Chairman of SIRC. “George will prove instrumental in leading the SIRC family of companies to the next level, forming a truly national organization with the ability to scale and drive value creation.

 

“It has truly been an honor to serve as CEO of SIRC for the past several years – I want to offer my sincere thanks to our employees whose hard work and dedication have allowed us to build upon our humble beginnings and achieve incredible feats. I am confident George is the executive best suited to guide our company into the future and I look forward to working closely together with him to ensure a smooth transition,” concluded Massey.

 

Holmes added: “I am excited to have the opportunity to lead SIRC into the next phase of its maturation as a public company, building upon the recent successes and the strong foundation developed under Dave’s leadership. As we leverage the recent transition to a fully reporting company, my first priority is to build an executive team and recruit a board of directors with the necessary skills to improve our internal controls and reporting functions, while continuing to drive operational execution and revenue growth that is intended to lead to a successful Nasdaq uplisting in 2023. I look forward to working closely with Dave, the Board and the entire team at SIRC as we seek to deliver long-term, sustainable value creation for our shareholders.”

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC: SIRC), is an integrated, single-source solutions provider of solar power, roofing systems and EV charging company specializing in commercial and residential properties throughout North America. The Company serves communities by delivering the best experience through constant innovation and legacy-focused leadership. For more information, please visit the Company's website at www.solarintegratedroofing.com or join us on Twitter or LinkedIn.

 

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

 

Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

 

Paid News -Disclaimer/Disclosure: . Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure : this news release featuring SIRC is a paid for news release on Investorideas.com  More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ 

Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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Tuesday, November 22, 2022

Better #Batteries- Safer and more Efficient Options in Demand: (NASDAQ: $KULR) (NYSE: $GM) (NASDAQ: $MMAT) (NASDAQ: $ENVX) @KULRTech @GM @Metamaterialtec @Enovix3D

Better #Batteries- Safer and more Efficient Options in Demand: (NASDAQ: $KULR) (NYSE: $GM) (NASDAQ: $MMAT) (NASDAQ: $ENVX) @KULRTech @GM @Metamaterialtec @Enovix3D

 

Vancouver, Kelowna, Delta, BC –November 22, 2022 - Investorideas.com, a leading investor news resource covering EV manufacturers, energy and battery stocks releases a special report  on the growing demand for safer and more efficient battery options featuring KULR Technology Group, Inc. (NYSE: KULR). As EV production ramps up, we also see an “electrification” of the world agenda in an attempt to move away from traditional fossil fuel options.

 

Read this Article featuring $KULR in full at https://www.investorideas.com/news/2022/renewable-energy/11221KULR-Battery.asp

According to an S&P Global Future of Copper report, the world may face a shortfall of between 1.6 and 9.9 million tons of copper by 2035. Even under an optimistic scenario, supply would not meet the copper demand required for net-zero emissions by 2050. An EV requires 2.5 times more copper than an ICE vehicle and the forecasted supply shortage needs a better solution than more mining. Current collectors used on the cathode and anode are made from aluminum and copper foils, respectively, and together contribute about 15% of the weight of the battery cell; the heavier copper material accounts for more than 10%.

 

This follows a general trend of global battery needs and demands seen in other recent reports saying that, “According to the latest research study, the demand for global Sodium Ion Battery Market size & share was valued at approximately USD 1120 Million in 2021 and is expected to reach USD 1317 Million in 2022 and is expected to reach a value of around USD 2899 Million by 2030, at a compound annual growth rate (CAGR) of about 11.8% during the forecast period 2022 to 2030.”

 

KULR Technology Group, Inc. (NYSE: KULR), a leading energy management platform company accelerating the global transition to a sustainable electrification economy, recently announced the launch of its new CubeSat SmallSat Lithium-ion (Li-ion) battery pack format to further support the NASA space program and launch of Artemis. From the International Space Station and the Mars Rover Perseverance mission to the new Artemis Space Program, KULR continues its close relationship and contract with NASA helping to ensure the safety of battery systems, flight, and the exploration of space.

 

From the news: With an industry-leading position in safe battery design and testing, and as a major player in the current global electrification movement, KULR is one of few companies that has successfully achieved the stringent requirements and rigorous testing set forth by the JSC 20793 Revision D safety standard created by NASA crewed space missions. This qualification allows for KULR’s products and solutions to be utilized for the Artemis missions as well as other forthcoming, critical voyages. And, as a result of today’s mission success, KULR has established a deepened proof of concept, positioning itself to offer this battery format to customers across various commercial applications. KULR expects to begin accepting consumer orders in Q1 of 2023.

 

This follows the company’s previous announcement of entering into an agreement to provide its internal short circuit (“ISC”) battery safety and testing device to the largest automotive manufacturer in the United States. Additional information regarding the Customer pipeline can be found in the Company's latest 10-Q filing.

 

The internal short circuit testing solution reliably creates thermal runaway in lithium-ion battery trigger cells in controlled, laboratory conditions. The device does not rely on mechanically damaging the battery exterior to activate the short, as do most of the other evaluation methodologies, but instead triggers a true internal short. This makes it possible to accurately pinpoint and fix problems leading to malfunctions. This superior testing method allows KULR and its customers to more effectively test the next generation of EV batteries and bring more reliable and safer battery systems to market in a faster and more cost-effective manner.

 

The ISC technology received the prestigious R&D 100 Award in 2016 and was the runner-up for NASA invention of the year in 2017.

 

“We are at the beginning of the electrification movement and it's great to see a global automotive company fully embrace the strategic value of better testing for designing the next wave of EV battery systems,” said Michael Mo, CEO at KULR Technology. “Particularly in the wake of Hurricane Ian and the continued destruction that was caused by the explosion of EV batteries in areas affected by the storm, solutions like KULR’s ISC device are more important than ever at ensuring consumer safety across a variety of industries including electric vehicles, electric vertical take-off and landing aircrafts, maritime and more.”

 

In their recent 10Q  the company reported, “The KULR sales and marketing team has expanded its customer engagements through direct sales and their Manufacturer’s Representative team to support some East Coast customers. KULR had over 300 customer engagements by the end of Q3 2022 with some of the world’s largest industrial and commercial companies such as Lockheed Martin (NYSE: LMT) , Ball Aerospace, subsidiary of Ball Corporation (NYSE: BALL) , SAFT, subsidiary of  TotalEnergies SE (NYSE: TTE) , General Motors (NYSE: GM), Cirba, Redwood Materials, Leidos Holdings (NYSE: LDOS) , Meta Platforms Inc. (NASDAQ: META), Viridi and BOSCH. As we continue to expand our relationship with major partners such as Lockheed Martin across their product portfolio, it is expected they will be able to cross-sell and up-sell their total solution package to these customers.”

 

A recent news article in Energy and Storage, reports that General Motors Company (NYSE: GM) is partnering with one of California’s main investor-owned utilities (IOUs), Utility San Diego Gas & Electric (SDG&E), which serves 3.7 million people, to explore the potential of vehicle-to-grid and vehicle-to-home battery integration.

 

Continued: They plan to investigate the feasibility of integrating bi-directional electric vehicles (EVs) to act as an energy resource for the grid. That includes looking at the various considerations for hardware, software, processes and construction required to enable vehicle-to-grid (V2G), where energy stored in vehicles can be leveraged for the network.

 

It closely follows the launch by carmaker GM last month of a dedicated energy storage division, called GM Energy. GM Energy is offering products to the residential and commercial and industrial (C&I) battery storage market segments, along with EV charging, powered with lithium battery cells from Ultium, the company’s joint venture (JV) with LG.

 

The collaboration comes amid a wave of exploratory and pilot activity in the vehicle-to-x sector. Pacific Gas & Electric (PG&E), another of California’s IOUs, recently established the US’ first dynamic export mechanism for commercial vehicle V2G charging.

 

Meta Materials Inc. (NASDAQ:MMAT) is also looking into the EV space having recently announced it has entered into a Memorandum of Understanding ("MOU") in partnership with DuPont Teijin Films and Mitsubishi Electric Europe. Using META's PLASMAfusion®, the parties plan to scale a proprietary, high volume, roll-to-roll manufacturing system for film-based, coated copper current collectors. The film-based products will reduce battery weight and cost, improve energy efficiency, extend vehicle range, and enhance safety against the risk of battery fires (known as thermal runaway) compared to standard Li-Ion batteries for electric vehicles and other use cases.

 

"Current Li-Ion battery innovations focus mainly on extending battery range and life span. With today's climate crisis and the increased demand for Electric Vehicles, a next generation Li-Ion battery is required that is more sustainable and safer," said George Palikaras, META's President and CEO. "We are excited to form a strategic alliance with Dupont Teijin Films and Mitsubishi Electric Europe focused on scaling PLASMAfusion® in a proprietary high volume battery coating system that can reduce copper volume and provide superior functionality, reduced cost, and improved battery safety."

 

From the news :The MOU is focused on developing battery materials, such as coated copper current collectors and solid-state battery electrodes, as a multi-year project in several stages: a pilot-scale roll-to-roll system, to be followed by an industrial scale mass production line, and further development of the application to the production of solid-state batteries. META will contribute the PLASMAfusion® technology platform, system development and independent testing of finished cells; DuPont Teijin Films will develop and supply the polyester substrates, and Mitsubishi Electric Europe will contribute automation technology, expertise, and interface to machine builders.

 

Continued: META's PLASMAfusion® technology has already been demonstrated in a project funded by the UK Research and Innovation Faraday Battery Challenge. Thin layers of copper are deposited on both sides of a polyester substrate, reducing the weight of the current collector by up to 80%. Lighter weight increases energy density, extending vehicle range. The polyester inner layer acts like a fuse, helping to inhibit thermal runaway. This new battery technology can reduce the dependence on copper that is needed for the other parts of electric vehicles. With copper consumption in electric vehicles predicted to increase to 4 million tons annually by 2040, this innovation could save millions of tons of copper.

 

Enovix Corporation (NASDAQ: ENVX) also remains on trend having recently announced that it has placed the remaining purchase orders for the laser patterning and assembly line equipment of its Gen2 Autoline.

 

The Gen2 Autoline represents a step-change improvement in manufacturing of Enovix cells, with up to 10x faster throughput and a 6x improvement in changeover speeds for different size batteries relative to the Gen1 production line that went into service earlier this year in Fremont. The Gen2 Autoline will be the “copy exact” platform from which the company plans to scale up production to meet the strong demand for its advanced batteries.

 

“We prioritized getting Gen2 right with the knowledge that we have to move fast to capitalize on our opportunity to deliver a game-changing battery in an industry starved for innovation,” said Harrold Rust, Enovix Co-founder and CEO. “I’m pleased that our team has delivered on the commitment we made in our last quarterly earnings call to get these critical Gen2 purchase orders placed swiftly.”

 

Whether we are looking at long-time auto manufacturers like GM and their new energy/battery demands, or companies like KULR Technology Group working with NASA on the Artemis Project, our global and local battery needs are both a possible risk for our growingly battery dependent world and a great boon for battery manufacturers. Every crisis creates an opportunity and as EV’s continue to gain market share alongside much more ambitious projects that are literally out of this world, there is a real need for batteries that are easy to produce at scale while remaining efficient and safe.

 

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Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of stocks, services or products.  This is not investment opinion: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring KULR is a paid for news release on Investorideas.com - More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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Monday, November 21, 2022

The “Electrification” of the World: (NASDAQ: $KULR) (NYSE: $GM) (NASDAQ: $MMAT) (NASDAQ: $ENVX) (NYSE: $LMT) (NYSE: $BALL) (NYSE: $TTE) (NYSE: $LDOS) (NASDAQ: $META) @KULRTech @GM @Metamaterialtec @Enovix3D @LockheedMartin @BallCorpHQ @TotalEnergies @LeidosInc @Meta

The “Electrification” of the World: (NASDAQ: $KULR) (NYSE: $GM) (NASDAQ: $MMAT) (NASDAQ: $ENVX) (NYSE: $LMT) (NYSE: $BALL)  (NYSE: $TTE) (NYSE: $LDOS) (NASDAQ: $META) @KULRTech @GM @Metamaterialtec @Enovix3D @LockheedMartin @BallCorpHQ @TotalEnergies @LeidosInc @Meta

 

#Battery #Safety and #Efficiency Demands Grow Amidst Lofty Global #Environmental Goals

 



Vancouver, Kelowna, Delta, BC –November 21, 2022 - Investorideas.com, a leading investor news resource covering EV manufacturers, energy and battery stocks releases a special report  on the growing demand for safer and more efficient battery options featuring KULR Technology Group, Inc. (NYSE: KULR). As EV production ramps up, we also see an “electrification” of the world agenda in an attempt to move away from traditional fossil fuel options.

 

Read this article, featuring KULR in full at https://www.investorideas.com/news/2022/renewable-energy/11211KULR-Electrification.asp

 

According to an S&P Global Future of Copper report, the world may face a shortfall of between 1.6 and 9.9 million tons of copper by 2035. Even under an optimistic scenario, supply would not meet the copper demand required for net-zero emissions by 2050. An EV requires 2.5 times more copper than an ICE vehicle and the forecasted supply shortage needs a better solution than more mining. Current collectors used on the cathode and anode are made from aluminum and copper foils, respectively, and together contribute about 15% of the weight of the battery cell; the heavier copper material accounts for more than 10%.

 

This follows a general trend of global battery needs and demands seen in other recent reports saying that, “According to the latest research study, the demand for global Sodium Ion Battery Market size & share was valued at approximately USD 1120 Million in 2021 and is expected to reach USD 1317 Million in 2022 and is expected to reach a value of around USD 2899 Million by 2030, at a compound annual growth rate (CAGR) of about 11.8% during the forecast period 2022 to 2030.”

 

KULR Technology Group, Inc. (NYSE: KULR), a leading energy management platform company accelerating the global transition to a sustainable electrification economy, recently announced the launch of its new CubeSat SmallSat Lithium-ion (Li-ion) battery pack format to further support the NASA space program and launch of Artemis. From the International Space Station and the Mars Rover Perseverance mission to the new Artemis Space Program, KULR continues its close relationship and contract with NASA helping to ensure the safety of battery systems, flight, and the exploration of space.

 

From the news: With an industry-leading position in safe battery design and testing, and as a major player in the current global electrification movement, KULR is one of few companies that has successfully achieved the stringent requirements and rigorous testing set forth by the JSC 20793 Revision D safety standard created by NASA crewed space missions. This qualification allows for KULR’s products and solutions to be utilized for the Artemis missions as well as other forthcoming, critical voyages. And, as a result of today’s mission success, KULR has established a deepened proof of concept, positioning itself to offer this battery format to customers across various commercial applications. KULR expects to begin accepting consumer orders in Q1 of 2023.

 

This follows the company’s previous announcement of entering into an agreement to provide its internal short circuit (“ISC”) battery safety and testing device to the largest automotive manufacturer in the United States. Additional information regarding the Customer pipeline can be found in the Company's latest 10-Q filing.

 

The internal short circuit testing solution reliably creates thermal runaway in lithium-ion battery trigger cells in controlled, laboratory conditions. The device does not rely on mechanically damaging the battery exterior to activate the short, as do most of the other evaluation methodologies, but instead triggers a true internal short. This makes it possible to accurately pinpoint and fix problems leading to malfunctions. This superior testing method allows KULR and its customers to more effectively test the next generation of EV batteries and bring more reliable and safer battery systems to market in a faster and more cost-effective manner.

 

The ISC technology received the prestigious R&D 100 Award in 2016 and was the runner-up for NASA invention of the year in 2017.

 

“We are at the beginning of the electrification movement and it's great to see a global automotive company fully embrace the strategic value of better testing for designing the next wave of EV battery systems,” said Michael Mo, CEO at KULR Technology. “Particularly in the wake of Hurricane Ian and the continued destruction that was caused by the explosion of EV batteries in areas affected by the storm, solutions like KULR’s ISC device are more important than ever at ensuring consumer safety across a variety of industries including electric vehicles, electric vertical take-off and landing aircrafts, maritime and more.”

 

In their recent 10Q  the company reported, “The KULR sales and marketing team has expanded its customer engagements through direct sales and their Manufacturer’s Representative team to support some East Coast customers. KULR had over 300 customer engagements by the end of Q3 2022 with some of the world’s largest industrial and commercial companies such as Lockheed Martin (NYSE: LMT) , Ball Aerospace, subsidiary of Ball Corporation (NYSE: BALL) , SAFT, subsidiary of  TotalEnergies SE (NYSE: TTE) , General Motors (NYSE: GM), Cirba, Redwood Materials, Leidos Holdings (NYSE: LDOS) , Meta Platforms Inc. (NASDAQ: META), Viridi and BOSCH. As we continue to expand our relationship with major partners such as Lockheed Martin across their product portfolio, it is expected they will be able to cross-sell and up-sell their total solution package to these customers.”

 

A recent news article in Energy and Storage, reports that General Motors Company (NYSE: GM) is partnering with one of California’s main investor-owned utilities (IOUs), Utility San Diego Gas & Electric (SDG&E), which serves 3.7 million people, to explore the potential of vehicle-to-grid and vehicle-to-home battery integration.

 

Continued: They plan to investigate the feasibility of integrating bi-directional electric vehicles (EVs) to act as an energy resource for the grid. That includes looking at the various considerations for hardware, software, processes and construction required to enable vehicle-to-grid (V2G), where energy stored in vehicles can be leveraged for the network.

 

It closely follows the launch by carmaker GM last month of a dedicated energy storage division, called GM Energy. GM Energy is offering products to the residential and commercial and industrial (C&I) battery storage market segments, along with EV charging, powered with lithium battery cells from Ultium, the company’s joint venture (JV) with LG.

 

The collaboration comes amid a wave of exploratory and pilot activity in the vehicle-to-x sector. Pacific Gas & Electric (PG&E), another of California’s IOUs, recently established the US’ first dynamic export mechanism for commercial vehicle V2G charging.

 

Meta Materials Inc. (NASDAQ:MMAT) is also looking into the EV space having recently announced it has entered into a Memorandum of Understanding ("MOU") in partnership with DuPont Teijin Films and Mitsubishi Electric Europe. Using META's PLASMAfusion®, the parties plan to scale a proprietary, high volume, roll-to-roll manufacturing system for film-based, coated copper current collectors. The film-based products will reduce battery weight and cost, improve energy efficiency, extend vehicle range, and enhance safety against the risk of battery fires (known as thermal runaway) compared to standard Li-Ion batteries for electric vehicles and other use cases.

 

"Current Li-Ion battery innovations focus mainly on extending battery range and life span. With today's climate crisis and the increased demand for Electric Vehicles, a next generation Li-Ion battery is required that is more sustainable and safer," said George Palikaras, META's President and CEO. "We are excited to form a strategic alliance with Dupont Teijin Films and Mitsubishi Electric Europe focused on scaling PLASMAfusion® in a proprietary high volume battery coating system that can reduce copper volume and provide superior functionality, reduced cost, and improved battery safety."

 

From the news :The MOU is focused on developing battery materials, such as coated copper current collectors and solid-state battery electrodes, as a multi-year project in several stages: a pilot-scale roll-to-roll system, to be followed by an industrial scale mass production line, and further development of the application to the production of solid-state batteries. META will contribute the PLASMAfusion® technology platform, system development and independent testing of finished cells; DuPont Teijin Films will develop and supply the polyester substrates, and Mitsubishi Electric Europe will contribute automation technology, expertise, and interface to machine builders.

 

Continued: META's PLASMAfusion® technology has already been demonstrated in a project funded by the UK Research and Innovation Faraday Battery Challenge. Thin layers of copper are deposited on both sides of a polyester substrate, reducing the weight of the current collector by up to 80%. Lighter weight increases energy density, extending vehicle range. The polyester inner layer acts like a fuse, helping to inhibit thermal runaway. This new battery technology can reduce the dependence on copper that is needed for the other parts of electric vehicles. With copper consumption in electric vehicles predicted to increase to 4 million tons annually by 2040, this innovation could save millions of tons of copper.

 

Enovix Corporation (NASDAQ: ENVX) also remains on trend having recently announced that it has placed the remaining purchase orders for the laser patterning and assembly line equipment of its Gen2 Autoline.

 

The Gen2 Autoline represents a step-change improvement in manufacturing of Enovix cells, with up to 10x faster throughput and a 6x improvement in changeover speeds for different size batteries relative to the Gen1 production line that went into service earlier this year in Fremont. The Gen2 Autoline will be the “copy exact” platform from which the company plans to scale up production to meet the strong demand for its advanced batteries.

 

“We prioritized getting Gen2 right with the knowledge that we have to move fast to capitalize on our opportunity to deliver a game-changing battery in an industry starved for innovation,” said Harrold Rust, Enovix Co-founder and CEO. “I’m pleased that our team has delivered on the commitment we made in our last quarterly earnings call to get these critical Gen2 purchase orders placed swiftly.”

 

Whether we are looking at long-time auto manufacturers like GM and their new energy/battery demands, or companies like KULR Technology Group working with NASA on the Artemis Project, our global and local battery needs are both a possible risk for our growingly battery dependent world and a great boon for battery manufacturers. Every crisis creates an opportunity and as EV’s continue to gain market share alongside much more ambitious projects that are literally out of this world, there is a real need for batteries that are easy to produce at scale while remaining efficient and safe.

 

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