EXCLUSIVE: KULR Tech Receives Special Permit From US Dept. Of Transportation Authorizing Transport Of Damaged Batteries

The U.S. Department of Transportation (DoT) has issued a special permit to KULR Technology Group Inc KULR authorizing the transportation of damaged, defective, or recalled lithium-ion cells, batteries, or lithium metal cells contained in or packed with KULR’s Thermal Runaway Shield (TRS) packaging.
KULR is a provider of lithium-ion battery safety and thermal management technologies.
The permit marks an essential strategic step for KULR, as it pushes its Thermal Runaway Shield as an integrated solution for efficient battery systems, increased sustainability, and end-of-life battery management.
Various government testing authorities have proven the Company’s solutions to stop or mitigate the impacts of dangerous lithium-ion battery failures known as thermal runaway, which can occur during the transportation of batteries.
In 2019, the Company provided NASA with a solution to protect laptop computer battery packs aboard the International Space Station.
Price Action: KULR shares closed at $2.02 on Tuesday.