On Thursday, KULR Technology Group, Inc (NYSE:KULR) and Worksport Ltd (NASDAQ:WKSP) announced a strategic partnership to advance battery technology and strengthen domestic manufacturing.

The collaboration centers on three key areas: joint battery pack development, thermal runaway protection, and AI-integrated battery management system (BMS) software design.

KULR and Worksport will work together on the development of Worksport's COR Battery Pack System.

Also Read: Ryder Q4 Earnings: Fleet and Supply Chain Drive Performance, CEO Warns of Freight Market Headwinds, Modest 2025 Growth

This initiative will optimize BMS requirements, refine cell configurations, and improve overall system performance, safety, and reliability.

Both companies aim to incorporate AI-driven software into the BMS, enabling real-time monitoring, predictive maintenance, and advanced data analytics. These advancements will optimize power distribution, extend battery lifespan, and reinforce safety measures.

The partnership will look to integrate KULR's patented thermal runaway protection technology into Worksport's battery systems. The company said this enhancement can significantly improve battery safety and longevity by mitigating thermal runaway risks.

KULR will utilize its KULR ONE Design Solutions (K1-DS) to evaluate the performance, cost efficiency, and scalability of integrated battery solutions for the Worksport COR system.

With the first generation of Worksport SOLIS and COR set for release in the second half of 2025, these studies will guide future development.

The K1-DS platform includes advanced battery safety testing methodologies such as Fractional Thermal Runaway Calorimetry (FTRC), bomb calorimetry, and impingement zone mapping, ensuring thorough cell-level characterization and safety optimization.

Price Actions: KULR stock closed lower by 5.91% at $2.23 Wednesday. WKSP closed lower by 1.70% at $0.89.

Also Read:

• Tower Semiconductor Adapts To Nvidia's Architectural Shift, Analyst Sees Growth In AI Optical Networks