KULR Technology Group Inc (OTCQB:KULR) revealed on Thursday that the US Patent Office has awarded it a patent for its Fiber Thermal Interface (FTI), a highly flexible and compressible high-performance thermally conductive carbon fiber material developed for a variety of different applications, including space, automotive, and electronics industries.
The Campbell, California-based company’s FTI technology is a carbon fiber solution that is part of KULR’s space-proven thermal architecture. The company said it offers “superior thermal conductivity, ultra-lightweight and flexible mechanical properties designed for space exploration and applications” where efficient cooling, size and weight restrictions are paramount.
Significantly, variations of KULR’s FTI technology have been used by NASA on multiple missions including the recent Mars Perseverance Rover mission launched on July 30. More recently, Silicon Valley-based EV manufacturer, Drako Motors, announced it will utilize KULR’s proprietary FTI technology as part of the thermal management system in the Drako GTE, a quad motor 1,200 horsepower, 206 mph luxury electric supercar.
“This patent issuance continues to advance our research and development of products helping battery packs run more efficiently,” said Dr Timothy Knowles, who is KULR’s cofounder and chief technology officer in a statement.
“We are very pleased with the development of our growing patent portfolio. This new issuance expands the breadth and depth of our cost-effective cooling solutions,” he added.
Patent Number 10734302 was awarded to the company on August 4.
Analysts at Litchfield Hills Research estimate that KULR’s technologies have an addressable market of nearly $8 billion.
“KULR’s high performance thermal interface materials can be used to accelerate 5G communications development due to its material’s core properties: high thermal conductivity, light weight, and low contact pressure. 5G is one of the biggest opportunities going forward for transportation technology,” Litchfield Hills Research said in a recent report.
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