Beam Global (NASDAQ:BEEM) shares are trading higher Tuesday after the company announced that the European Patent Office has granted a new patent for its Smart Phase Change Composite technology for lithium-ion batteries.
- Beam stock is showing exceptional strength. Why are Beam shares rallying?
The Patent
The European Patent Office granted European Patent EP 4 348 756 B1, titled Smart Phase Change Composite for Passive Thermal Management. The patent protects Beam Global’s Smart PCC technology, which acts as a thermal switch — insulating batteries in cold conditions and dissipating heat in high-temperature environments — without the complexity of active cooling systems. The technology accommodates the natural expansion and contraction of phase change composites as temperatures fluctuate, enabling passive thermal regulation.
The grant expands Beam Global’s intellectual property portfolio into key European markets, complementing its existing domestic IP protections. The company said the patent strengthens its battery technology protection internationally at a time when electrification and battery demand continue to grow across Europe.
“We are increasingly being recognized as a go-to provider when safety, energy density and bespoke form factors are important to our customers,” said Desmond Wheatley, CEO. “This new patent enables us to add yet another layer of value for our customers and barrier to entry for our competitors.”
Beam Shares Gain
BEEM Price Action: At the time of publication, Beam shares are trading 14.41% higher at $1.35, according to data from Benzinga Pro.
This illustration was generated using artificial intelligence via Midjourney.
