Stocks in the
Electric Recreational Market (NYSE: $KULR) (NYSE: $PII) (NASDAQ: $VMAR)
(NASDAQ: $SEDG) @KULRTech @PolarisInc @marine_vision @SolarEdgePV
Recreational
Market Joins the Electrification Revolution of Vehicles; Battery Safety Still a
Key Issue
May
23, 2024 – Investorideas.com, a
go-to investing platform covering electric vehicles releases a report on the
evolution of the sector as the recreational market follows suit, featuring KULR Technology Group, Inc (NYSE
American:KULR), a global leader in safe and
high-performance energy storage solutions.
This
is a paid news dissemination for KULR
Read this article,
featuring KULR in full at https://www.investorideas.com/news/2024/renewable-energy/05231Electric-Recreational-Market.asp
As
all industry sectors of vehicles build out their electric portfolios, battery
safety is still a key issue to address. ResearchandMarkets
reported, ”In line with rapidly evolving electric mobility
demands, the process of EV battery formation and testing is cementing its role
as a critical industry segment. Technological advancements and rigorous testing
measures are the linchpins for establishing stable, efficient, and secure
battery operation that meets consumer expectations and strict regulatory
frameworks.”
With
battery safety as a key service and betting on a future of the electrification
of multiple industries, (KULR Technology Group, Inc. (NYSE
American:KULR) just added to its growing list entering
the electric recreational products sector.
KULR
just announced it has
been awarded an engineering contract with Bombardier
Recreational Products (NASDAQ: DOOO) for
the Company’s Fractional Thermal Runaway Calorimetry (FTRC) testing services.
This milestone underscores KULR’s expanding influence and commitment to
advancing battery safety in the rapidly growing electric recreational products
sector. With an already established presence in space and military safe battery
designs, KULR looks to continue discussions and market expansion with potential
customers from major electric aviation, electric maritime, EV, and recreational
off-road vehicle manufacturers.
Paid
news dissemination for KULR:
The
partnership highlights BRP’s proactive approach to thermal runaway management
across all its e-mobility market verticals – including National Fire
Protection Association (NFPA) 1192, while
concurrently aligning with KULR’s development of the KULR ONE Design Solutions
(K1-DS) platform, which focuses on regulatory compliance, including battery
cell testing, propagation-resistant materials, pack and module level testing.
The NFPA 1192 standard establishes fire and life safety criteria for
recreational vehicles to provide protection from loss of life from fire and
explosion.
“Securing
this contract with BRP is a testament to the critical role that FTRC plays in
ensuring the safety and reliability of next-generation consumer facing
e-mobility products,” said Michael Mo, Chief Executive Officer of KULR.
“FTRC analysis is quickly becoming the de facto method to characterize
cell-level thermal runaway, and we are actively working to expand our
throughput for this testing in the coming months.”
KULR’s
exclusive worldwide license for NASA’s large format FTRC positions the company
as the industry standard for battery testing and design services. Serving top
automakers, space exploration companies, and electric truck manufacturers,
KULR’s FTRC technology offers comprehensive thermal runaway characterization
for various cell types. This crucial technology enhances battery safety across
industries, providing detailed insights into thermal runaway behavior and
aiding in regulatory compliance. As the global battery testing market is
projected to reach USD 16.5 billion by
2030, KULR’s FTRC capabilities ensure safe, high-capacity
batteries for a sustainable future.
BRP
Inc. (Bombardier
Recreational Products) (NASDAQ: DOOO), a global leader in the world of powersports
products, propulsion systems and boats built on over 80 years of ingenuity and
intensive consumer focus, announced in
February it added two new electric models available to more commercial users
such as ski centers and recreational resorts, as well as consumers to play
around their cabin. These new models are designed for more traction and
flotation in loose snow.
Polaris
(NYSE:PII), a
global leader in powersports and its dvision, Polaris Commercial, introduced earlier
this year its all-new,
all-electric Pro XD Full-Size Kinetic utility vehicle (UTV) ,engineered from
the inside out to withstand tough jobsite duty cycles and enable all-day
operation with zero exhaust – taking operational efficiency and sustainability
to the next level. The Pro XD Kinetic further expands the industry-leading
line-up of commercial work UTVs that boast durability, serviceability and
safety features while increasing the environments and areas these all-electric
UTVs can operate.
Polaris
has been a leader in the electric UTV space with the class-leading and
award-winning RANGER XP Kinetic. The all-electric RANGER has been called game
changing and the gold standard for battery EV UTVs.
Also
addressing safety in the electric recreational vehicle market, Vision Marine
Technologies, Inc. (NASDAQ:VMAR), a
pioneer in electric marine propulsion announced yesterday the
filing of its fourth patent on May 15, 2024, for a dedicated high-voltage
marine battery pack. This battery pack is a key element of the E-Motion™ Marine
Powertrain Technology and will also be available as a standalone product for
future recreational electric powerboats.
Over
a rigorous five-year development period, Vision Marine meticulously tested and
evaluated various batteries to power the E-Motion™ Electric Powertrain.
Existing solutions fell short of the high standards for performance, security,
and ease of installation required for a premier marine powertrain. Determined
to address this gap, Vision Marine engineered a bespoke solution prioritizing
security, performance, and user-friendly installation.
The
Vision Marine team created a state-of-the-art marine battery surpassing
automotive standards, featuring NMC (1) cells and an advanced battery
management system. This unique battery is designed to endure the critical
challenges of electric boating, with high voltage delivery, sophisticated electronic
communications, and internal cooling tailored for the E-Motion™ Technology.
SolarEdge
(NASDAQ: SEDG), a
global leader in smart energy technology has also entered the recreational
market. SolarEdge
e-Mobility has developed The Modular electrification
kit for trailers to overcome driving range challenges of electric vehicles and
increase customer’s comfort.
According
to the company website, “Modular e-Trailer, equipped with our system, is the
key to autonomy and comfort without making compromises in environmental
protection. It can support your EV, generate solar and recuperation energy, and
play the role of solar residential storage, being an integral part of your home
power network.”
As
the electrification of all transportation rolls out from EV’s to aviation,
recreational – battery safety and performance will remain some of the biggest
issues to overcome.
Positioned
to capitalize on these multiple markets,
KULR Technology
Group, Inc (NYSE
American:KULR) announced in
January that it “is now the only entity in the world providing
comprehensive fractional thermal runaway calorimetry testing services for every
cell type, regardless of capacity or format. This breakthrough win firmly
establishes KULR as the de facto industry standard battery testing and design
services provider in the world to the largest OEM customers across all
industries.”
Continued: “Sole
access to this all-important thermal runaway data decisively positions KULR as
a crucial strategic partner for OEM customers requiring state-of-the-art
battery safety design, testing, storage, and recycling throughout any part or
all of the battery’s life cycle.”
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