#Thestreet $KULR's packaging for lithium-ion batte
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Posted On: 06/17/2021 11:37:47 AM
#Thestreet $KULR's packaging for lithium-ion batteries was certified as safe for transport on air freight.
KULR Technology Group Inc. KULR shares jumped Thursday after the company received a permit from the U.S. Department of Transportation (DoT) certifying that its packaging for lithium cells and batteries is safe for air freight.
Prototype lithium batteries are only authorized to be transported on cargo-carrying aircrafts to, from or within the U.S. when approved by the DoT.
"When transporting prototype batteries aboard cargo aircrafts, it is critical to ensure the highest level of safety," said KULR President Keith Cochran. "KULR's packaging was approved by the US DoT based on its ability to contain potential hazards in the unlikely event that a cell or battery would experience a thermal event."
The special permit authorizes the manufacture, mark, sale and use of KULR's specially designed packaging for the transportation of prototype lithium cells and batteries.
KULR shares were rising 15.6% to $2.62 on Thursday morning.
Lithium-ion batteries fuel electric vehicles, which are gaining in popularity as governments and businesses look for ways to cut greenhouse gas emissions.
https://www.thestreet.com/investing/kulr-jump...-batteries
KULR Technology Group Inc. KULR shares jumped Thursday after the company received a permit from the U.S. Department of Transportation (DoT) certifying that its packaging for lithium cells and batteries is safe for air freight.
Prototype lithium batteries are only authorized to be transported on cargo-carrying aircrafts to, from or within the U.S. when approved by the DoT.
"When transporting prototype batteries aboard cargo aircrafts, it is critical to ensure the highest level of safety," said KULR President Keith Cochran. "KULR's packaging was approved by the US DoT based on its ability to contain potential hazards in the unlikely event that a cell or battery would experience a thermal event."
The special permit authorizes the manufacture, mark, sale and use of KULR's specially designed packaging for the transportation of prototype lithium cells and batteries.
KULR shares were rising 15.6% to $2.62 on Thursday morning.
Lithium-ion batteries fuel electric vehicles, which are gaining in popularity as governments and businesses look for ways to cut greenhouse gas emissions.
https://www.thestreet.com/investing/kulr-jump...-batteries
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