KULR and Cirba Solutions Collaborate Over Recycling Program for Lithium-Ion Battery and Battery Materials Packaging

KULR Technology Group, Inc KULR announced a collaboration with Cirba Solutions, a battery materials and management processor for end-of-life EV batteries and gigafactory manufacturing scrap. 

What Happened? The collaboration focuses on developing a safe transportation platform for original equipment manufacturers to store and transport prototype, end-of-life, damaged, defective, and recalled lithium-ion batteries up to 2.5 kWh (kilowatt-hours) by utilizing KULR's SafeCASE and Cirba Solutions' nationwide logistics and recycling services. 

The collaboration between KULR and Cirba Solutions is an exclusive nationwide program for consumer lithium-ion batteries focused on sustainability for responsible and compliant recycling in the U.S. The large-scale deployment of KULR's SafeCASE product is ready for immediate delivery. 

At the same time, the ongoing partnership will likely yield additional products and solutions developed together over time to meet the requirements of Cirba Solutions customers. 

KULR's fire-resistant SafeCASE, along with the Company's SafeSLEEVE, are part of its patented SafeX product line, which will serve Cirba Solutions' customers with a comprehensive solution available in customized form factors and configurations for the safe storage and transportation of lithium-ion batteries depending on the customer's requirements.

Why Does It Matter? Jay Wago, Chief Commercial Officer of Cirba Solutions, emphasized, "The SafeCASE design provides safe transportation and storage for lithium-ion batteries up to 2.5 kWh in a form that is easy to use for customers. The focus on a reusability feature makes the solution both cost-effective and sustainable."

KULR CEO Michael Mo said, "Given current geo-political, environmental, and economic issues facing the world today, KULR is proud to help strengthen North America's lithium-ion battery supply chain by ensuring its safe transportation and storage."

Price Action: KULR shares closed higher by 13.3% at $0.92 on Monday.