In a bid to address the alarming issue of thermal runaway (TR) in electric vehicles (EVs), Packaging And Crating Technologies (PACT®) and BS Technics have formed an exclusive partnership to introduce innovative solutions aimed at mitigating the risks associated with lithium-ion battery fires. This strategic alliance not only marks a significant step in enhancing EV safety but also underscores the growing importance of sustainable and reliable technologies in the rapidly evolving electromobility sector.
Understanding the Challenge:
The National Transportation Safety Board's report highlighting over 4,000 electric car fires annually due to thermal runaway underscores the urgent need for effective TR solutions.
The prevalence of TR-related incidents, causing injuries and fatalities, has raised concerns about the safety of lithium-ion batteries in EVs, necessitating robust preventive measures.
PACT®'s Innovative Solutions:
PACT® has developed PACT Thermo ShieldTM, a proprietary fire-suppressant paper wrap designed to prevent TR by rapidly cooling the internal environment of the package and limiting oxygen around the payload.
Additionally, the company has introduced TR SleeveTM, a specialized product aimed at mitigating TR propagation between individual battery cells, thus acting as a heat and flame barrier.
Rigorous Testing and Compliance:
Both PACT Thermo ShieldTM and TR SleeveTM have undergone rigorous testing at an internationally recognized facility, meeting the proposed testing standards of the G-27 SAE International for safety in shipping lithium-ion batteries via land, sea, and air.
This compliance underscores the reliability and effectiveness of PACT®'s solutions in addressing the safety concerns associated with EV battery transportation and usage.
BS Technics' Strategic Alignment:
BS Technics, a Korean thermal interface material company, recognized the potential of PACT®'s eco-friendly and recyclable products in reconciling diverse EV battery manufacturing processes and creating consistency in global safety standards.
The company's focus on sustainability and its Environmental, Social, and Governance (ESG) framework aligns seamlessly with the adoption and promotion of PACT Thermo ShieldTM, emphasizing a unified effort to eliminate EV battery fires.
Implications for the EV Industry:
The partnership between PACT® and BS Technics signifies a pivotal step in addressing the safety challenges associated with lithium-ion batteries in EVs, potentially influencing safety standards and regulations in the industry.
The introduction of practical and affordable paper-based applications, coupled with sophisticated solutions, is poised to set new benchmarks in EV battery safety, fostering a culture of reliability and sustainability in the electromobility sector.
Investment and Market Opportunities:
Investors should closely monitor the developments in the EV safety solutions sector, particularly focusing on companies innovating in TR prevention and battery safety technologies.
The strategic alliance between PACT® and BS Technics presents promising investment prospects, reflecting a concerted effort to enhance safety standards and sustainability in the rapidly evolving EV industry.
As the global demand for electric vehicles continues to surge, the collaboration between PACT® and BS Technics stands as a testament to the industry's commitment to safety, sustainability, and innovation. This alliance not only addresses critical safety concerns but also paves the way for a more secure and reliable future in electromobility.
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