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.
