Electrical connector and bonding system

An electrical connection system comprising:

• a mounting stud having a base configured for mounting to a conductive surface;
• at least one ring-shaped lug configured for being positioned on the mounting stud for surrounding the mounting stud, the ring-shaped lug being formed of an electrically conductive material and including an opening to receive the mounting stud;
• a plurality of interior channels formed around the opening in the ring-shaped lug, the interior channels each extending radially in the lug from around the opening and the inside diameter of the lug;
• a plurality of contact springs seated within a respective interior channel, the contact springs being electrically conductive and dimensioned to extend radially inwardly from the channel and contact the mounting stud in several positions when the ring-shaped lug is positioned thereon, the contact springs configured to at least partially collapse into the respective interior channels in the radial direction when the mounting stud is received in the opening and to provide a spring bias radially outwardly from the interior channels and against the mounting stud for providing electrical connections between the ring-shaped lug and mounting stud;
• and
• a locking cap configured for positioning on the mounting stud over the at least one ring-shaped lug, the locking cap including a biasing element for biasing the locking cap with and end of the mounting stud for locking the locking cap and securing the ring-shaped lug on the mounting stud for a secure electrical connection.