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Investing.com -- Beam Global (NASDAQ:BEEM) stock surged 12.5% after the company announced it has been granted a new patent for its innovative battery thermal management technology.
The U.S. Patent Office awarded Patent No. US 12,422,195 to Beam Global for its Phase Change Composite (PCC™) material designed for Lithium-ion batteries. Unlike conventional solutions, the company’s Smart PCC™ material functions as a thermal switch that insulates batteries in cold conditions and cools them when hot, making them more resilient in extreme environments.
"This new patent covers our latest, innovative thermal management technology which makes our battery solutions more dynamic and capable of addressing a wide range of customer requirements," said Desmond Wheatley, CEO of Beam Global.
The technology is particularly valuable for Beam’s operations in diverse climates, from freezing winters in Serbia, where Beam Europe is headquartered, to desert conditions in the Middle East, where the company recently expanded its operations.
According to the company, the Smart PCC™ material enhances battery safety and reliability by accommodating the natural expansion of phase change composites when hot and contraction when cold. This thermal regulation aims to increase performance, extend battery life, and provide a scalable solution for applications including electric mobility, defense, and energy storage.
Beam Global, which trades on the Nasdaq under the ticker BEEM, provides infrastructure solutions for transportation electrification and energy security.
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