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.
Key figures
- Q1 revenue growth
- nearly doubled year-over-year
- Robotics market size 2040
- $370 billion
- Orbital ai capacity target
- 100 gigawatts
- Orbital ai satellites target
- 1 million
- Ai inference market size 2030
- $255 billion
- Softbank abb acquisition value
- $5.4 billion
- Low altitude economy market size 2045
- $210 billion
AI analysis
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