KULR Technology Group, Inc.

KULR Secures Over $1 Million in Battery Purchase Orders Supporting Drone Dominance Program

KULR received more than $1 million in production purchase orders for high-performance battery systems supporting the U.S. Department of War's Drone Dominance Program, with deliveries starting in October 2026 and completing by end of November 2026. The Drone Dominance Program is a $1.1 billion, multi-phase DoW initiative to accelerate procurement of small unmanned aerial systems, and KULR believes its battery-system position enables it to support rising production volumes. The orders validate KULR's Forge 2 manufacturing facility in Houston, which expands capacity ahead of the first DoW NDAA compliance deadline in 2027 and positions the company as a domestic high-volume battery supplier for defense drones.

•25d ago

KULR: 8-K · asset sale

KULR Technology Group sold approximately 333 bitcoin between July 9 and July 23, 2026, generating roughly $21.5 million in gross proceeds at a weighted average price of about $64,538 per BTC. The sales were executed as part of the company’s ongoing treasury management strategy. The company used the net proceeds to fully repay its $20 million credit facility with Coinbase Credit, eliminating the outstanding principal balance. Accrued interest is expected to be paid in August 2026, and the 565 BTC previously pledged as collateral will be released to KULR. Following the repayment, KULR retains approximately 760 BTC and maintains a largely debt-free balance sheet, which the company stated was a proactive step to strengthen its financial foundation and reduce risk during market volatility.

SEC 8-K•3mo ago

KULR Selected by Icarus Robotics to Power Free-Flying Robotic Platform Bound for the International Space Station

KULR Technology Group was selected by Icarus Robotics to supply its KULR ONE Space battery systems for the JOY autonomous robotic platform, which is bound for the International Space Station. The JOY robot, targeted to fly in early 2027 as part of the JOYRIDE-1 mission, will utilize KULR’s space-qualified architecture to perform navigation and maintenance tasks. This agreement leverages KULR’s heritage from the Artemis II mission and aligns with its strategy to power physical AI and autonomous systems in orbit.

•3mo ago

KULR Technology Group Reaffirms Non-Dilutive Growth Strategy, Extends At-the-Market Offering Pause Through September 2026

KULR Technology Group has extended the pause on its at-the-market (ATM) equity offering program through September 30, 2026, opting to avoid shareholder dilution at current levels. Instead of issuing equity, the company intends to sell its Bitcoin holdings to fund growth in its KULR ONE Space, Air, and MAX product lines. CEO Michael Mo emphasized that this disciplined approach protects shareholders and keeps the focus on manufacturing and delivery.

•4mo ago

KULR Technology Group Chairman and CEO Michael Mo Releases Shareholder Letter

CEO Michael Mo outlined a strategic shift to position KULR as the energy infrastructure layer for 'Physical AI,' arguing that safe, high-discharge battery systems are foundational for autonomous machines. The company confirmed early operational leverage in the first quarter, with revenue nearly doubling year-over-year, gross margins expanding, and operating expenses decreasing despite the growth. KULR is targeting five end markets including space, defense, and robotics, citing third-party estimates of a $370 billion robotics market by 2040 and noting recent prototype contract wins in US defense drone programs.

•4mo ago

KULR Technology Group Appoints New Chief Financial Officer and Independent Board Member

KULR Technology Group appointed Dr. Michael Kimel as Chief Financial Officer, effective June 9, 2026. Kimel, a former Audit Committee Chair, brings over 30 years of experience in pricing strategy and profitability improvement. The company also appointed Steven Perez as a new independent Board member. Perez brings more than 25 years of enterprise sales and go-to-market leadership experience from companies like Twilio, Salesforce, and LinkedIn. CEO Michael Mo stated that Kimel will help sharpen operating discipline and margin improvement initiatives, while Perez’s sales background will support scaling customer adoption in defense and AI data center markets.

•4mo ago

KULR Secures Prototype Battery Development Contract with U.S.-Based Military Drone Manufacturer

KULR Technology Group entered into a prototype development agreement with a U.S.-based defense drone manufacturer to design and test lithium-ion battery packs for UAVs and handheld controllers. The deal covers system-level design, fabrication, and certification support, establishing KULR as a qualified battery source for the customer’s platforms, though volume revenue is expected only after multi-quarter qualification cycles. CEO Michael Mo highlighted the alignment with the Pentagon’s $1.1 billion Drone Dominance initiative and the broader $75 billion requested for drone systems, positioning KULR as a key domestic supplier in a rapidly growing market.

•4mo ago

KULR Technology Group Advances Next-Generation Drone Battery Integration with Factorial Cells

KULR Technology Group announced it is advancing next-generation drone battery pack integration using Factorial Inc.’s solid-state and lithium-metal cell technologies. The collaboration focuses on optimizing these cells for demanding unmanned aircraft systems (UAS) flight environments, leveraging KULR’s expertise in thermal management and pack design. The companies showcased initial battery pack demonstrations at XPONENTIAL 2026 in Detroit, highlighting potential applications in aerospace, defense, and autonomous systems.

•5mo ago

Factorial Partners with Top Integrators Across Three Continents to Advance Next-Generation Battery Integration for Drone Systems

Factorial Inc. announced a series of collaborative arrangements with drone integrators across the United States, Europe, and Asia to integrate its next-generation solid-state battery cells into UAS pack systems. KULR Technology Group is spearheading early U.S. efforts to optimize Factorial cells for rigorous flight environments, leveraging its expertise in thermal management and battery safety. The partnerships aim to replace traditional lithium-ion batteries with high-energy, high-power alternatives for commercial, industrial, and defense drone sectors, addressing limitations in endurance and pulse power.

•5mo ago

KULR Technology Selected by Argo Space Corp. as Battery Provider for Orbital Transport Space Mission

KULR Technology has been selected by Argo Space Corp. to supply its KULR ONE Space (K1S) battery systems for an upcoming orbital transport mission. The agreement leverages KULR’s NASA-certified safety standards and lightweight REACH architecture to power critical spacecraft subsystems in deep space environments. This win reinforces KULR’s position in the commercial space sector, citing a projected $5.61 billion global space battery market by 2030.

•5mo ago