Media
alert (NYSE: $KULR) - Is This Cooling Technology Company Ready To Heat Up?-
#Bezinga
by
Johnny Rice, Benzinga Contributor
This
post contains sponsored advertising content. This content is for informational
purposes only and is not intended to be investing advice.
Consumers
are increasingly looking for all-electric vehicles, fueling the explosive
growth of companies like Tesla Inc. TSLA +6.01% + Free Alerts and Rivian
Automotive Inc. RIVN +6.08% + Free
Alerts
Beyond
the automotive industry, the electronification of daily life reportedly
continues to grow as well. Mobile phones are now in 97% of pockets in the U.S.,
and an ever-expanding stable of devices is making our homes “smart.” These
consumer electronics are more capable and faster than ever before. In fact,
Apple Inc. APPL iPhones are over 100 times faster than Deep Blue, the IBM’s IBM
+0.09% + Free Alerts supercomputer that beat the reigning world chess champion
Gary Kasparov. The computer weighed 1.4 tons.
This
increased performance, however, can come at a cost. Electronics produce heat.
The faster and more powerful, sometimes the hotter the item can become. Whether
consumer electronics, high-performance electric engines, energy storage
solutions or aerospace applications, how electric systems deal with the heat
they produce can make or break a product.
Manufacturers
across industries reportedly have a great need for innovative solutions to cool
their electronics. KULR Technology Group KULR says it may have some of the most cutting-edge
solutions around. The company has worked with the likes of NASA's Jet
Propulsion Laboratory (JPL).
“KULR’s
solution is the lightest weight battery heat sink option NASA has evaluated to
date,” Dr. Eric Darcy, Ph.D, battery systems lead at NASA, said of KULR’s
systems. “NASA has not found a design solution with as much promise for
preventing lithium-ion battery TRP (thermal runaway propagation).”
The
company reports that it has cooling applications across many other industries
as well. In today’s world, surprisingly few products do not have a need for
cooling solutions. KULR says it is working to help mitigate heat issues in 5G
infrastructure, defense applications, battery safety and the exciting new
frontier of the metaverse.
This
emerging industry is expected by some to reach dizzying heights. A recent
report by Citi Group Inc.
C -0.84%
+ Free Alerts projects the total addressable market will be over $8 trillion by
2030. The immersive experience of the metaverse relies on layers of hardware
infrastructure - a market KULR is helping to address.
The
company recently inked a deal with a major conglomerate of manufacturers to
provide a carbon-fiber solution that facilitates “biosensing,” allowing users
to navigate the metaverse using nerve signals.
If
you’d like to know more about the exciting work KULR is doing, check out https://www.kulrtechnology.com/.
This
post contains sponsored advertising content. This content is for informational
purposes only and is not intended to be investing advice.
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