KULR Expertise Group, Inc KULR introduced a collaboration with Cirba Options, a battery supplies and administration processor for end-of-life EV batteries and gigafactory manufacturing scrap.
What Occurred? The collaboration focuses on growing a secure transportation platform for unique tools producers to retailer and transport prototype, end-of-life, broken, faulty, and recalled lithium-ion batteries as much as 2.5 kWh (kilowatt-hours) by using KULR’s SafeCASE and Cirba Options’ nationwide logistics and recycling providers.
The collaboration between KULR and Cirba Options is an unique nationwide program for shopper lithium-ion batteries centered on sustainability for accountable and compliant recycling within the U.S. The big-scale deployment of KULR’s SafeCASE product is prepared for fast supply.
On the similar time, the continued partnership will probably yield extra merchandise and options developed collectively over time to fulfill the necessities of Cirba Options clients.
KULR’s fire-resistant SafeCASE, together with the Firm’s SafeSLEEVE, are a part of its patented SafeX product line, which can serve Cirba Options’ clients with a complete resolution accessible in custom-made type components and configurations for the secure storage and transportation of lithium-ion batteries relying on the client’s necessities.
Why Does It Matter? Jay Wago, Chief Industrial Officer of Cirba Options, emphasised, “The SafeCASE design supplies secure transportation and storage for lithium-ion batteries as much as 2.5 kWh in a type that’s straightforward to make use of for purchasers. The concentrate on a reusability function makes the answer each cost-effective and sustainable.”
KULR CEO Michael Mo mentioned, “Given present geo-political, environmental, and financial points dealing with the world at this time, KULR is proud to assist strengthen North America’s lithium-ion battery provide chain by guaranteeing its secure transportation and storage.”
Worth Motion: KULR shares closed increased by 13.3% at $0.92 on Monday.
