Shares of KULR Technology Group, Inc. (KULR) surged 5.38% in the pre-market session on Thursday as the company announced a strategic partnership with Worksport Ltd. (WKSP) focused on advancing battery technology and strengthening domestic manufacturing.
The collaboration centers around three key areas:
- Joint battery pack development for Worksport's COR Battery Pack System, optimizing performance, safety, and reliability.
- Integration of AI-powered software into battery management systems (BMS) for real-time monitoring, predictive maintenance, and data analytics.
- Incorporating KULR's patented thermal runaway protection technology into Worksport's battery systems to improve safety and longevity.
KULR will leverage its KULR ONE Design Solutions platform to evaluate integrated battery solutions for the Worksport COR system, guiding future development and innovations. As demand for US-based production increases, the companies are exploring domestic manufacturing options for the COR Battery Pack and related products.