LifeSafe Holdings plc announced the launch of its new Pre-Trauma Fluid (PTF), a unique, non-conductive coolant fluid designed specifically to prevent thermal runaway in battery packs which can be caused by overheating, overcharging or damage. The PTF is an innovative, patent pending solution that prevents the threat of thermal runaway by significantly reducing the transfer of heat within a battery pack. The PTF is non-toxic, non-hazardous and importantly non-corrosive, a significant leap forward in the efforts to better control battery fires in a safe and more sustainable way.

This fire prevention fluid has been in development for 12 months in conjunction with several interested parties, including the partners announced on December 7, 2023. The fluid, which has been engineered to prevent a fire event in a battery pack, can either be built into a battery unit or delivered by a fixed suppression system. According to Precedence Research published in 2022, the global lithium-ion battery market size was valued at $70 billion in 2022 and is expected to surpass $380 billion by 20321.

The market opportunity therefore for the LifeSafe pre trauma fluids and thermal runaway fluids is both significant and growing. The company announced, what the Board believes to be, a transformative development partnership and collaboration agreement, signed yesterday, with Xerotech Limited, one of the fastest growing battery manufacturers in Europe. Xerotech specialises in the manufacture of high performance, high voltage batteries and battery packs across multiple sectors including, but not limited to, heavy machinery, defence, rail and energy.

The partnership agreement will support the development and application methods for the deployment of LifeSafe's PTF and Thermal Runaway Fluid (TRF) to tackle battery overheating and support the cooling systems. Furthermore, LifeSafe also signed a partnership agreement with global fire suppression manufacturer Reacton Fire Suppression Limited, which specialises in the manufacture of automatic fire suppression systems for an extensive range of assets and industries. Following extensive testing and development, the partnership will enable Reacton to sell the innovative PTF and TRF as part of its global fire safety solutions.