*Sponsored by KULR Technology Group, Inc
KULR Secures Initial Defense Drone Battery Orders with Customer Opportunity Exceeding $5 Million for 2026
Revenue increased 51% to $16,170,404 in 2025 from $10,737,481 in 2024
KULR Expands Into Estimated $100Mn AI Server Rack Battery Backup Market for Data Centers
The Company reported cash balances of $13,300,188 and $93,995,256 of Bitcoin holdings as of December 31, 2025
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Hello Everyone,
We’ve got a familiar name returning as our featured profile today.
Last year, this one delivered the single biggest move we covered, cementing its spot as the undisputed champion of our newsletter in 2024.
At the time, we highlighted it trading near $0.40—before it rocketed past $4.00, an explosive run of more than 1,200% that set the pace for 2025.
Since then, the story has evolved, and while the company is no longer the same as when we first introduced it, the new chapter could prove just as interesting.
KULR now sits at the crossroads of energy storage, electrification, and advanced thermal management—three areas experiencing structural tailwinds as industries adapt to higher safety standards and performance demands. Instead of competing in the crowded battery manufacturing race, KULR develops enabling technologies that enhance safety and efficiency, a focus that has earned validation from NASA, defense programs, and Tier-1 commercial partners. With regulatory momentum pushing energy storage toward stricter compliance and with the added scalability of licensing its intellectual property, the company finds itself uniquely positioned within a clean-tech ecosystem that demands both innovation and reliability. Small-cap dynamics still apply, but KULR’s trajectory highlights why it remains a name worth watching.
KULR Technology Group, Inc. (NYSE American: KULR) is a Bitcoin First Company that delivers cutting edge energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. The Company’s holistic offering allows delivery of commercial-off-the-shelf and custom next generation energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. Since late 2024, KULR has included bitcoin as a primary asset in its treasury program and committed to allocating up to 90% of its excess cash to the acquisition of bitcoin.
KULR recently joined Russell 3000® Index marking another important milestone in their growth trajectory and is expected to enhance both their visibility and liquidity among institutional investors, with approximately $10.6T in assets being benchmarked against Russell US indexes. KULR inclusion in the Russell 3000® Index triggers automatic purchasing from index funds and ETFs that track this benchmark, potentially creating meaningful bu∙ying pressure on the stock.
2025 is a transformational year for KULR and the transformation is well on its way. With over a hundred million in cash and Bitcoin holdings on their balance sheet and virtually no debt, they’re well-capitalized to grow their battery and AI robotics businesses while their capital market activities in the foreseeable future are geared to turbocharge their Bitcoin acquisition strategy, establishing KULR is a pioneer BTC-first Bitcoin treasury company.
What is a BTC-first company? A Bitcoin-first company treats Bitcoin not as a side asset or payment option, but as a core pillar of its identity, strategy, and mission. KULR’s journey of transformation is riding the wave of the greatest digital transformation in human history, intelligence, capital, and energy. Digital transformation of intelligence is AI, digital transformation of capital and energy is Bitcoin.
KULR Secures Initial Defense Drone Battery Orders with Customer Opportunity Exceeding $5 Million for 2026
HOUSTON, April 29, 2026 (GLOBE NEWSWIRE) — KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), an energy-systems platform company that enables the safe, certifiable deployment of ultra-high-power lithium battery systems for space and defense programs, hyperscale AI data centers, and telecom infrastructure OEMs, today announced it received initial purchase orders totaling nearly $1.0 million from a U.S. defense technology company and manufacturer of unmanned aerial systems (“UAS”) specializing in first-person view (“FPV”) drones for military use. Including this initial order, KULR expects total purchase orders from this customer to exceed $5 million, with all related orders expected to be fulfilled and shipped before the end of 2026.
The order is for KULR ONE Air® (K1A) batteries, KULR’s battery platform purpose-built for the rapidly growing UAS market. K1A is designed for UAV and UAM applications and combines lightweight, compact architecture with the safety and reliability standards derived from KULR’s aerospace and defense heritage.
The customer was also involved in Drone Dominance, the Department of War’s $1.1 billion initiative to rapidly equip warfighters with thousands of low-cost, expendable, one-way attack drones, further reflecting KULR’s growing presence in the U.S. defense drone ecosystem.
Earlier this month, Fortune Business Insights projected the global drone defense systems market will grow from $120.5 billion in 2026 to $6.86 trillion by 2034, representing a compound annual growth rate of 65.7% over the forecast period.
“This order marks an exciting milestone in KULR’s expansion into the US domestic drone and UAV market,” said Michael Mo, Chief Executive Officer of KULR. “With our expanding customer pipeline and a global market projected to grow at more than 65% annually through 2034, I believe KULR ONE Air is entering one of the most compelling growth markets in our industry. Our aerospace and defense heritage, combined with U.S.-based manufacturing, positions us to capture a meaningful share of this expansion.”
KULR ONE Air was first introduced last year as a family of advanced lithium-ion battery systems engineered specifically for unmanned aerial systems. Built on KULR’s production platform, K1A is designed to deliver high performance, scalable manufacturing, and competitive cost for demanding drone missions.
KULR Reports Fourth Quarter Revenue and Full-Year 2025 Financial Results
HOUSTON, March 31, 2026 (GLOBE NEWSWIRE) — KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), an energy-systems platform company that enables the safe, certifiable deployment of ultra-high-power lithium battery systems for space and defense programs, hyperscale AI data centers, and telecom infrastructure OEMs, today announced its financial results for the fourth quarter and full-year 2025.
KULR CEO Michael Mo commented, “2025 marked a year of meaningful progress for KULR as we strengthened our commercial foundation and continued positioning the Company at the intersection of battery safety, performance, and next-generation energy infrastructure. We are entering 2026 with sharper strategic focus, increasing traction in priority verticals, and confidence in our ability to convert technical leadership into long-term shareholder value.”
Fourth Quarter 2025 Financial Results:
Revenues: Revenue decreased 15% to $2,863,961 in the fourth quarter ended December 31, 2025, from $3,370,594 reported in the same year-ago period.
Selling, General and Administrative (SG&A) Expenses: SG&A expenses increased 77% to $7,860,094 in the fourth quarter ended December 31, 2025, from $4,437,032 reported in the same year-ago period.
R&D expenses: R&D expenses in the fourth quarter of 2025 increased to $3,545,372 from $1,246,161 in the same period last year.
Operating Loss: Loss from operations was $15,367,084 for the fourth quarter of 2025, compared to $3,540,864 from the same period last year.
Net Loss: Net loss for the fourth quarter of 2025 increased to $44,261,358, or a loss of $.97 per share, compared to a net loss of $4,620,461, or a loss of $0.16 per share from the same period last year. Higher net loss in the fourth quarter of 2025 was primarily driven by a $28,256,664 mark-to-market loss associated with the Company’s bitcoin holdings.
Full-Year 2025 Financial Results:
Revenues: Revenue increased 51% to $16,170,404 in 2025 from $10,737,481 in 2024. The Company continued to build its relationships with a wide range of energy, transport and aerospace partners during the year ended December 31, 2025. These additions reflect management’s commitment to build new customer relationships through a growing pool of referrals and business development leads.
Selling, General and Administrative (SG&A) Expenses: SG&A expenses increased to $27,696,969 in 2025 from $15,979,852 in 2024. The increase was due to strategic investment and business and corporate development related activities.
R&D expenses: R&D expenses in 2025 increased to $10,755,036 from $4,738,305 in 2024. The 127% increase was primarily attributable to planned increases in R&D services and personnel during 2025, including approximately $4.5 million of higher costs associated with third-party engineering and development services related to fan development and acoustic studies, the purchase of testing equipment, and investments to support manufacturing expansion.
Operating Loss: Loss from operations was $43,000,505 in 2025, compared to $15,234,959 in 2024.
Net Loss: Net loss for 2025 increased to $61,899,782 or a loss of $1.56 per share, compared to a net loss of $17,523,629, or a loss of $0.75 per share in 2024.
Cash Position: The Company reported cash balances of $13,300,188 as of December 31, 2025, compared to $29,831,858 as of December 31, 2024. In addition, the Company had $93,995,256 of Bitcoin holdings as of December 31, 2025, compared to $20,281,184 as of December 31, 2024.
KULR ONE Battery Architecture Enters Electric Aviation: KULR Technology Group Signs Agreement with Robinson Helicopter as Battery Co-Developer for eR66 Electric Helicopter Demonstrator
HOUSTON, TX and TORRANCE, CA / GLOBENEWSWIRE / March 26, 2026 / KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), the advanced battery intelligence solution for autonomous platforms, digital infrastructure, e-mobility, and spaceflight applications, today announces a strategic co-development collaboration with Robinson Helicopter Company (RHC), the world’s leading manufacturer of civil helicopters, to develop a next-generation, high-performance battery system for an eR66 battery-electric helicopter demonstrator.
Under the agreement, KULR will is expected to serve as a developer of the advanced battery system for the eR66 platform. The Company will intends to design and integrate a lightweight, high-performance battery architecture using KULR’s proprietary battery safety technologies and thermal management solutions, originally developed for demanding aerospace and human-rated spaceflight applications.
The agreement between RHC and KULR establishes a comprehensive framework for joint research, engineering, and prototyping. By leveraging RHC’s California-based manufacturing and KULR’s Texas operations, the collaboration aims to achieve the following:
- Advance eR66 Performance: Drive critical improvements in energy density, thermal stability, and operational efficiency specifically for the eR66 platform.
- Enhance Aviation Safety: Implement rigorous testing and development protocols to ensure peak safety standards for electric flight.
- Increase Cost Efficiency: Lower long-term operational costs and improve sustainability through smarter resource management and domestic manufacturing.
- Uphold American Aerospace Leadership: Strengthen the domestic supply chain and innovation pipeline, with initial program milestones targeted for late 2026.
- Support Decarbonization: Directly contribute to the realization of zero-emission flight through innovative propulsion and battery technologies.
- Promote Circular Economy Principles: Develop “second life” applications for battery systems post-flight, maximizing the lifecycle of hardware and reducing waste.
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“The development of a battery electric R66 helicopter alongside KULR, represents an important shift in how we serve our global commercial and civil operators. By integrating electric propulsion, we aren’t just reducing our environmental impact; we are unlocking critical new capabilities for life-saving missions,” said David Smith, president and CEO of Robinson Helicopter Company. “For use cases like rapid organ and tissue transport, the reduced acoustic signature and zero-emission profile ensure that time-sensitive, low-emission deliveries are faster, quieter, and more sustainable than ever before.”
The initiative complements RHC’s ongoing electrification program and supports the Company’s path toward a production-ready electric variant of the proven R66. The eR66 is positioned to deliver reliable, affordable, low-noise, and zero-emission performance for high-demand applications such as organ transport and short-haul transport.
Michael Mo, CEO of KULR, added, “Robinson Helicopter has built more civil helicopters than any manufacturer on Earth, and their commitment to reliability is exactly the standard KULR’s battery architecture is designed to meet. KULR’s battery systems have been qualified for NASA spaceflight. They were designed from day one for dual use: a primary flight cycle and a certified second life. The eR66 is where that architecture proves itself in rotorcraft.”
Dr. Will Walker, CTO of KULR, commented, “Battery advancements are accelerating rapidly, enabling more capable electric flight regimes. The key challenge remains balancing high energy density and low weight with uncompromising safety. Our engineering team’s extensive background in designing fail-safe batteries for human rated applications will be critical to achieving the rigorous performance and certification goals for the eR66.”
KULR’s collaboration with Robinson introduces its advanced battery safety architecture to the rapidly emerging electric aviation sector, where safety, reliability, and certification readiness are critical to enabling next-generation electric flight.
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KULR MANAGEMENT
MICHAEL MO
CHIEF EXECUTIVE OFFICER
Mr. Mo is a technology entrepreneur and successful investor with over 20 years of experience in technology management, product development, and marketing. From 2007 to 2015, Mr. Mo served as Senior Director of Business Development at Amlogic, Inc. Prior to Amlogic, he was co-founder and CEO of Sympeer Technology, a peer-to-peer network company. Mr. Mo received a Master’s degree in Electrical Engineering from UC Santa Barbara in 1995.
KEITH COCHRAN
PRESIDENT & COO
Mr. Cochran is a value-driven leader offering 25+ years of exceptional high-paced business management and operations expertise. From 1995 to 2019, he worked for world-class EMS, Jabil, Inc. He concluded his 24-year career with Jabil as Sr. Vice President of Global Business Units. Prior to Jabil, Mr. Cochran was Supply Chain Manager for SCI Systems. Mr. Cochran received his Bachelor of Science in Business Operations from DeVry Institute of Technology in 1990.
DR. WILLIAM WALKER
CHIEF TECHNOLOGY OFFICER
Dr. Walker has significant experience in professional and research-related activities focused on thermo-electrochemical testing and analysis of lithium-ion (Li-ion) battery assemblies and related thermal management products designed for space exploration applications. Prior to joining KULR, Dr. Walker was employed by the National Aeronautics and Space Administration (NASA) Johnson Space Center (JSC) where he focused on designing battery assemblies for human spaceflight applications capable of safely mitigating the effects of thermal runaway and preventing cell-to-cell propagation. Dr. Walker received his B.S. in Mechanical Engineering at West Texas A&M University (WTAMU) and Ph.D. in Materials Science and Engineering at the University of Houston (UH).
SIMON WESTBROOK
CHIEF FINANCIAL OFFICER
In 2009, Mr. Westbrook founded Aargo, Inc., a company specializing in financial consulting services to corporations in various tech-related industries. Prior to Aargo, Mr. Westbrook was CFO of Amber Networks, Inc., and the Chief Financial Officer of Sage, Inc. (NASDAQ: SAGI), a Silicon Valley company specializing in flat panel displays. Before Sage, Mr. Westbrook held senior level financial positions at Creative Technology (NASDAQ: CREAF) and Atari Corp (AMEX: ATC). Simon is a Chartered Accountant and holds a Master’s degree in Economics from Trinity College, Cambridge University.
MICHAEL G. CARPENTER
VICE PRESIDENT OF ENGINEERING
Mr. Carpenter was former Director and Safety Officer of Energy Science Laboratories PCM Heatsink Group. He also served as Quality Manager and Facility Security Officer in the Defense Industrial Security Program from 1988 to 1995. Mr. Carpenter received a B.S. in Applied Mechanics from UC San Diego in 1983.
TED KRUPP
VICE PRESIDENT OF SALES AND MARKETING
Mr. Krupp joins KULR with over 22 years of supplying MIL-SPEC computing solutions to U.S. military and intelligence system integrators. Prior to joining KULR, Mr. Krupp served as Vice President of Sales at San Diego based ZMicro, the preferred choice for rugged computing and visualization for deployed and mission critical applications. He expanded ZMicro’s involvement in several platforms, including special operations, ground vehicle systems, tactical datalinks, and next-generation ISR and eventually led ZMicro’s sales department as the company continued to grow in prominence across the Department of Defense and foreign military community. Mr. Krupp completed his undergraduate work in Information Systems at the University of Texas.
ANTONIO MARTINEZ
VICE PRESIDENT OF OPERATIONS
Mr. Martinez joins KULR with over 37 years of leadership and worldwide manufacturing experience in Electronics Manufacturing and Operations. He spent most of his career at Pulse Electronics Corporation in the electronics manufacturing services industry. Most recently he served as Principal Program Manager of Jabil since 2015, managing business operations spanning Quality Assurance Readiness, Large Production Line Transfers, Project Management, Process Improvement with Increased Productivity, and Customer Qualification Support.
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