Kulr Technology Group Enters into Lithium-ion Battery Transportation Partnership with Heritage Battery Recycling

Kulr Technology Group enters into lithium-ion battery transportation partnership with heritage battery recycling.

KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, announced that it will provide its KULR-Tech Safe Case to lithium-ion battery recycler Heritage Battery Recycling (“HBR”), a new platform company of The Heritage Group, for the safe transportation logistics of HBR’s battery collection operations across North America.

HBR, through its sister companies, maintains access to over 100,000 customer locations, 2,500 employees, and a fleet of over 1,300 power units and 108 facility locations across North America.

Based upon successful space designed solutions for NASA that were deployed on the International Space Station for safely storing laptop lithium-ion batteries, the KULR-Tech Safe Case is one of the Company’s recently leading product lines entering into commercial markets.

By way of their patented, NASA-proven Thermal Runaway Shield technology, KULR is the only company in the world with a product approved by the US Department of Transportation for storage and transport of lithium-ion batteries that can manage up to a capacity of 2.1 kWh for recycled, prototype and DDR (damaged, defective and recall) batteries.

The KULR-Tech Safe Case is also designed to be reusable – creating a greener and healthier environment for ourselves and for future generations.

The market size for lithium-ion batteries is forecasted to exceed $116 billion by 2030 with a projected CAGR of 12.3% from 2021 to 2030, according to a 2021 report by Research and Markets. Growing adoption of electric vehicles along with declining prices of lithium-ion batteries — coupled with government initiatives to promote sustainable energy utilization, will drive the lithium-ion battery market size.

KULR TECHNOLOGY GROUP ENTERS INTO LITHIUM-ION BATTERY TRANSPORTATION PARTNERSHIP WITH HERITAGE BATTERY RECYCLING, SAN DIEGO / GLOBENEWSWIRE / September 14, 2021