Track market-moving stories before they get noisy

KULR Technology Group, Inc. remains a Buy, driven by its IP-rich battery technology and ongoing takeover appeal at a $170M market cap. Recent KULR leadership changes—new CFO and board member—target improved financial discipline, pricing, and sales execution to address persistent profitability challenges. KULR's battery systems serve high-demand sectors like defense, aerospace, and AI, with thermal safety and rapid mission-specific design as differentiators.

HOUSTON, June 24, 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, mobility applications, hyperscale AI data centers, and telecom infrastructure applications, today published a letter from the Company's Chairman and Chief Executive Officer, Michael Mo. The letter is available on the Company's investor relations page and the full text of the letter is as follows:

KULR TECHNOLOGY GROUP, INC.
Letter to Shareholders
From Michael Mo, CEO and Founder · June 2026

Dear shareholders, customers, and partners,

I want to step outside the cadence of quarterly reporting and share with you, in my own words, where KULR stands today, and where I believe we are headed. We have reached a point where the company’s broader strategic vision is coming into focus, and I want to share that vision with you directly.

Battery Is Infrastructure

Let me start with the idea everything else in this letter rests on: battery is infrastructure.

In the digital era, artificial intelligence runs on infrastructure we can see — power lines, fiber, and data centers. With the physical AI era now arriving, intelligence moves into machines that operate out in the world, and those machines depend on a different kind of infrastructure. Every satellite, every drone, every robot, every rack of backup power for AI compute runs on a battery system. The battery is not a component bolted onto physical AI; it is the energy foundation physical AI is built on.

There is a specific reason the battery is the foundation, and it sits at the heart of how we are building KULR. The markets we serve — autonomous platforms, directed-energy systems, and digital infrastructure — look unrelated on the surface, but they share one technical constraint: power density. A drone, a robot, a satellite, a directed-energy system, a rack of AI backup power — none of them needs a battery that simply stores energy. They need a battery that can deliver power: at five to twenty times the discharge rate of a standard cell, sustained through repeated high-demand cycles, with the heat that output generates managed without failure. That is a categorically harder problem than just energy storage, and it is the problem the KULR ONE platform was built to solve.

Power is the wedge. It is why our platform wins design, and everything downstream — the customers, the programs, the revenue — follows from solving it first. The constraint does not relax as physical AI scales; it tightens, with every system demanding more power, in less space, more safely, generation after generation. The company that owns that layer — safe, dense, high-discharge power delivered as a complete system — owns the infrastructure physical AI runs on. That is what we mean when we say battery is infrastructure: not energy you store, but power you can trust, everywhere the grid does not reach.

That is why our mission for 2026 is as direct as it sounds: build more batteries, and sell more batteries. It is not a slogan — it is the work of laying the infrastructure layer for the systems that will define the next decade. On our last earnings call, I said 2026 would be measured by three things: product revenue growth, gross margin improvement, and cost discipline. That is the commitment, and what we are accountable for delivering. Everything else in this letter is built on top of it.

The first quarter showed real progress: revenue nearly doubled year-over-year, product sales grew sharply, gross margin expanded meaningfully, and operating expenses came down even as revenue grew — the early signs of the operating leverage we promised. We will report the quarter-by-quarter details on our earnings calls; this letter is about the strategy those numbers are building toward. One quarter does not make a turnaround, but the direction is exactly what we said: build more batteries, sell more batteries, operate with discipline. That is the foundation everything else is built on.

What We Are Building On Top of the Foundation

As we develop all the technology pieces for our KULR ONE platform, we are building the energy and power electrification platform for physical AI — the autonomous, mobile, and intelligent systems that operate in the physical world.

Let me explain what I mean by physical AI, because the term is common but its substance is often missed. The AI most investors have encountered lives inside data centers — it runs on GPUs and draws power from the grid. Physical AI is the same intelligence — perception, planning, reasoning — embedded inside systems that operate in the physical world: a satellite processing data in orbit, a robot maintaining a space station, a drone flying an inspection route, a humanoid working in a warehouse, a counter-drone system responding in milliseconds.

PHYSICAL AI

The same intelligence, embedded inside systems that operate in the physical world.

Autonomous drone inspectionHumanoid & warehouse roboticsElectric aircraft / eVTOLSpace systems in orbit
Every one of these systems shares the same constraint. It must carry its own intelligence, because cloud latency makes remote inference impractical and often unsafe. And it must carry its own energy, because there is no grid in the sky, in orbit, on the ocean, on a battlefield, or on a robot floor. Physical AI is therefore defined by the convergence of three disciplines that have historically lived in separate industries: artificial intelligence, energy storage, and power electronics. The companies that integrate across them will define the next decade of physical infrastructure; the companies that operate inside only one will be commodities. This is the structural insight our platform is built on. And the way we get there is to start with what I described: build more batteries, sell more batteries. Every pack we ship is one more proof point that the platform works.

The NVIDIA Lesson

NVIDIA spent more than thirty years building the accelerated computing platform — graphics, then general-purpose parallel compute, then CUDA as a software ecosystem developers could not easily leave — and then watched the world’s most important workload, artificial intelligence, land on their architecture as if it had been designed for it all along. The platform was decades in the making; the payoff arrived in a compressed window once the workload showed up. Two lessons sit inside that history, and both shape how we think about KULR.

The first lesson is that platform companies reveal themselves one capability at a time, until the architecture that was always there becomes visible to everyone else. For most of those thirty years, NVIDIA looked like a graphics-card company. It was, in fact, assembling the substrate for modern AI. The second lesson is that platforms compound: each capability reinforces the others and makes the next one easier to add. The value is not in any single component but in the integration — which is what competitors find hardest to replicate. A company selling one component competes on price; a company with an integrated platform competes on architecture, and architecture is durable.

Our mission is to build KULR on a similar path, with one meaningful advantage NVIDIA’s own platform has now made possible — an advantage they did not have at the start: artificial intelligence is now accelerating the rate at which platforms can be designed, simulated, qualified, and brought to market. The same intelligence NVIDIA’s platform serves is what helps us iterate faster on cell chemistry selection, thermal architecture, control software, power electronics integration and manufacturing design. What took NVIDIA decades, I believe can compress meaningfully — not because the engineering is easier, but because the tools are categorically more powerful than they were even five years ago. To be candid, we are early. What I am committing to is that we will build with the patient discipline that defined the great platform companies, while taking full advantage of the accelerants that did not exist before — and let the architecture reveal itself through what we ship.

KULR’s Evolution

If the NVIDIA lesson is about how a platform is built, there is a second lesson — about how a company evolves over time — and the clearest example of it is SpaceX. I raise it because the company KULR is becoming is a natural evolution of the company we have been building: not a pivot, but a progression.

A little over two decades ago, SpaceX began with one hard problem: reaching orbit affordably. It solved that, then made launch reusable, then used that foundation to build Starlink, a global connectivity platform — and today that same orbital infrastructure is being positioned for the AI era, with disclosed plans for constellations of compute satellites in space. SpaceX turned one technology business into the next; it compounded them. Each stage was built on the domain expertise of the one before it, and over roughly twenty-four years a launch company became foundational infrastructure for the next era of computing.

KULR’s arc rhymes with that, on our own scale and timeline. The hard problem at our core is older than the company itself: for nearly forty years, the thermal management, carbon fiber, and safety engineering that keep high-energy systems from failing in the most unforgiving environments have been proven in space, alongside NASA and on real space missions. KULR was founded about thirteen years ago to build on that heritage — to carry four decades of space-proven thermal and safety engineering into new applications beyond space and defense. That expertise was never the destination. It was the foundation, because the hard part of building a safe, high-power battery is precisely the thermal and safety engineering that heritage gave us.

That foundation became the KULR ONE battery platform we operate today. The next stage is the same evolution carried forward: from a battery platform into a physical AI energy infrastructure platform — the company that supplies the safe, dense, high-power energy layer that autonomous machines depend on, across every market physical AI is creating. The thermal expertise made the battery platform possible; the battery platform makes the energy infrastructure platform possible. We are not changing what we are — we are growing into the fuller expression of it.

The Platform

Let me describe what the platform actually consists of, because “platform” is easy to claim and harder to substantiate. At the core is the KULR ONE battery architecture — cells and packs engineered for the power density I described, built for high discharge and the thermal stability to sustain that output safely. It is, by design, battery-cell-agnostic: it pairs with whatever chemistry serves the application best, so we can partner with every cell manufacturer and our customers always get the best technology for their needs. As cell chemistry advances and commoditizes through its maturity cycle, the architecture that integrates those cells safely and reliably captures more durable value.

Around that core sit the capabilities that turn a battery into a system: our battery management systems and control electronics; NASA-grade thermal management and passive propagation resistance — the safety engineering that lets a high-power pack operate next to people, processors, or astronauts; and KULR VIBE, our vibration-mitigation technology for the rotors and rotating systems that airborne platforms depend on. We are also beginning to build power electronics organically: the KULR ONE Charger, planned for 2026, will incorporate a power supply unit of our own design — our first power conversion product engineered in-house.

Each piece is useful on its own. Together they form the complete energy and power stack that an autonomous system needs. We are not assembling a catalog of products; we are assembling an integrated platform where the battery, the management software and electronics, and the thermal and safety engineering are designed to work as one.

And we are building the capability to make it at scale. From our vertically integrated facility in Texas — which we are expanding with new high-volume production lines — we are bringing battery assembly, certification, and high-performance component fabrication in-house, so we can build, qualify, and ship faster and at lower cost. A platform is only as real as the factory behind it, and we are building ours to be the one-stop shop the US market needs for high-power batteries.

We bring this platform to five core end markets where physical AI is creating the largest infrastructure opportunities of the next decade.

The Five End Markets

01 · SPACE & DEFENSE
Autonomous systems
The engineering reference standard — KULR ONE Space, qualified in low-Earth and geostationary orbit.

02 · LOW ALTITUDE ECONOMY
Drones & UAS
Below 3,000 feet, toward roughly $210 billion by 2045.

03 · AI DATA CENTER BACKUP
Power at the rack
Edge inference, a roughly $255 billion market by 2030 — on the ground and in orbit.

04 · ENERGY AS A SERVICE
Power delivered as a service
Guaranteed uptime, not equipment — turning hardware sales into recurring revenue.

05 · ROBOTICS
Physical AI on the ground
Toward roughly $370 billion by 2040 — engaged with two humanoid customers; operations in Japan.

The first is space and defense autonomous systems — the engineering reference standards for everything else we build. They operate where battery failure is not recoverable, imposing certification, safety, and reliability requirements no commercial application can match. Meeting that bar in our KULR ONE Space program is what gives our platforms credibility in every other market: customers in defense drones, electric aviation, and AI data centers inherit a battery architecture qualified in low-Earth and geostationary orbits.

That heritage is now extending into physical AI in orbit. Autonomous, free-flying space robots are embodied AI systems that must carry both their own intelligence and their own energy in the most demanding environment that exists — and KULR ONE Space is being selected to power them. Alongside continued satellite mission wins across low-Earth and geostationary orbit, these programs extend our space heritage into a new class of mission. In the most recent quarter, additional low-Earth and geostationary programs selected KULR ONE Space, and our space-qualified batteries remain in active deployment across multiple satellite missions.

The second is the Low Altitude Economy — for a US audience, simply the drone and unmanned aerial systems economy: UAVs and drones operating below 3,000 feet across logistics and last-mile delivery, agricultural and infrastructure inspection, public safety, and the fast-growing fleet of defense and counter-drone platforms procured under NDAA-compliant mandates. Bank of America Global Research projects the global low altitude economy growing toward roughly $210 billion by 2045, and the United States market is opening rapidly as domestic, NDAA-compliant supply becomes a national priority. 2026 is the inflection year — when frameworks become revenue. Every one of these aircraft is, at its core, a battery-powered flying computer, and our KULR ONE Air platform — with a dual-purpose architecture spanning traditional rotorcraft and emerging electric aviation — positions us across this market. Execution here is the furthest along of any market we serve: our high-power flight packs are already in production and broadening adoption, our rotorcraft and electric-aviation partnerships extend the platform across traditional and emerging aircraft, and we recently won a prototype contract for a US defense drone program — with manufacturing scaling toward thousands of packs per month to meet the demand. And the value of these batteries does not end when their flight life does. A pack engineered for electric aviation retains meaningful useful life once its aviation service is complete, and we are designing for it to begin a second life as stationary energy storage, delivering years of additional service on the ground. One battery, two lives: a more sustainable and more capital-efficient model that turns what the industry treats as end-of-life into the start of a second mission.

The third is AI data center backup — an opportunity spanning two environments converging on the same need. On the ground, AI economics are shifting decisively toward inference at the edge, in telecom facilities, commercial real estate, and distributed sites close to where data is generated — which analysts expect to be the majority of a roughly $255 billion inference market by 2030 (MarketsandMarkets). KULR ONE MAX is engineered for these deployments: high-power, propagation-resistant battery backup that installs at the rack, co-located with compute, without the cooling and footprint of a hyperscale facility. In orbit, the same logic plays out on a larger scale: SpaceX’s recent S-1 disclosed plans for up to one million orbital AI compute satellites targeting 100 gigawatts of capacity beginning in 2028 — and because orbital infrastructure cannot be serviced by technicians, it depends on autonomous space robotics for inspection, repair, and assembly, the same systems KULR ONE Space is being selected to power. On the ground or in orbit, AI compute needs energy engineered for power density, safety, and reliability, and KULR is positioned to power both. We are already executing: licensing our propagation-resistant safety and thermal IP to data center OEMs, advancing a high-power backup platform purpose-built for the rack, and holding a seat in the consortium defining next-generation data center power standards.

The fourth is Energy as a Service — mission-critical power delivered as a managed service rather than sold as hardware. If battery is infrastructure, this is how we deliver and monetize it: KULR provides the battery systems, safety architecture, monitoring, and lifecycle management, and the operator pays for guaranteed power, not equipment — turning one-time hardware sales into multi-year recurring revenue and moving backup power off the customer’s balance sheet. We are starting where the need is most acute, with telecom operators migrating from lead-acid to lithium-ion — already moving from concept to engagement, with a growing set of operators evaluating the model with us. But the model is not telecom-specific: the same logic of guaranteed uptime, delivered as a service, extends to commercial real estate, data centers, and any infrastructure where downtime is not an option. It is the infrastructure-as-a-service layer of our platform — the same shift that turned computing into a service, applied to power.

The fifth is robotics — physical AI on the ground, and ultimately perhaps the largest opportunity of all. McKinsey projects the general-purpose robotics market growing from under $1 billion in 2025 to roughly $370 billion by 2040; venture funding has tripled since 2023, governments have declared embodied AI a strategic priority, and SoftBank called physical AI its next frontier in its $5.4 billion acquisition of ABB’s robotics division — the capital and the conviction are arriving together. Every general-purpose robot faces the same constraint as every other physical AI system: it must carry its own energy, deliver high burst power for dynamic motion, manage heat in a compact enclosure, and stay safe around people and in a fall. The differentiator is not only the cell chemistry but the pack architecture, thermal management, and operational safety wrapped around it — precisely the KULR ONE platform’s strength. Our work here is already underway: through KULR ONE Air we are engaged with two humanoid robotics customers, our space programs already power robotics in the most demanding environment that exists, and we are establishing operations in Japan, one of the world’s deepest robotics ecosystems, to position KULR at the energy and safety layer where, as the supply chain matures, durable value will concentrate.

Why Power, Compute, and Intelligence Will Integrate at the Edge

I want to share one structural insight foundational to how investors should think about KULR’s place in the future of AI and physical AI. We are not creating that future — it is driven by forces far larger than any one company — but we see clearly where it is heading, and we are positioning KULR to align with this future. As edge AI matures, the relationship between the energy system and the compute system is inverting, and the company that owns the power infrastructure is positioned to own substantially more than power.

Four trends point in this direction. Edge inference silicon is shrinking fast — a Jetson Orin Nano delivers 40 trillion operations per second at 15 watts, smaller than a deck of cards. Small language models are advancing toward distilled forms that run on hardware fitting inside a battery enclosure. Agentic workloads — predictive maintenance, anomaly detection, energy optimization — operate on exactly the current, voltage, temperature, and cycle data the battery management system already holds, making the BMS their natural home. As compute becomes the smaller element, the rational configuration is compute inside the power system, not power beside it — and the owner of the power infrastructure becomes the natural integration point for the compute, memory, and intelligence that run on top of it.

There is a larger architecture implied by all of this. The first era of AI was built on centralization — vast, power-hungry data centers concentrating compute in a few places. Physical AI runs the other way: when intelligence has to live where the work happens — in orbit, in the air, on the factory floor, at the edge of the network — energy and compute must be distributed there too. The future of AI infrastructure is not only larger central data centers but a distributed fabric of energy-and-compute nodes across the physical world. Each of our markets is a node in that fabric where distributed energy and distributed intelligence meet.

I want to be measured about this. It is a structural direction over a multi-year horizon, it will be contested, and it will require KULR to invest in capabilities adjacent to our platform — software, edge AI deployment, and partnerships with model and compute providers. The decisions we are making — the battery-cell-agnostic architecture, the investment in battery management systems, the engineering depth we are extending into Japan — are the decisions that position us at the integration point of the edge intelligence stack as it emerges.

Taken together, the markets this addresses are vast — edge AI inference, general-purpose robotics, the Low Altitude Economy, orbital AI infrastructure, and energy services for critical infrastructure — served by a common platform, the integration of energy, compute, and intelligence at the edge.

Looking Forward

Over the years ahead, we will reveal the platform one capability at a time. Each quarter will bring proof points — customer wins, program advances, manufacturing milestones, partnership extensions, financial discipline — that together demonstrate the architecture we are building. Some quarters will be lumpy, because foundational programs in physical AI are multi-phase and revenue does not always land in the quarter a strategic position is secured. We will be clear about which milestones are foundational and which are revenue-generating.

We will continue to invest in this platform, extend our partnerships, and expand our global footprint with conviction — and operate with discipline, deploying your capital where it builds the most enduring positions. The opportunity, as I see it, is to build the platform the autonomous and intelligent systems of the next decade will depend on — because battery is infrastructure, and that infrastructure is ours to build. The way we get there is by doing exactly what we said we would in 2026: build more batteries, and sell more batteries.

Thank you for the trust you have placed in KULR. I am honored to do this work on your behalf, alongside a team that shows up every day to earn it.

Sincerely,
Michael Mo
Chief Executive Officer and Founder
KULR Technology Group, Inc.

Market Data Sources

• General-purpose robotics (~$370B by 2040, from <$1B in 2025): McKinsey & Company, “Will embodied AI create robotic coworkers?” (June 2025).

• Low Altitude Economy (~$210B by 2045): Bank of America Institute / BofA Global Research, “The ‘low-altitude’ economy is taking off” (June 2025).

• AI inference market (~$255B by 2030): MarketsandMarkets, AI Inference Market (2025).

• Orbital AI compute satellites (up to ~1 million, ~100 GW from 2028): SpaceX, Form S-1 registration statement filed with the U.S. Securities and Exchange Commission (2026).

Forward-Looking Statements

This letter contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements may be identified by words such as “believe,” “expect,” “intend,” “plan,” “will,” “should,” “could,” “may,” “anticipate,” “project,” “target,” “on a [year] horizon,” and similar expressions.

These statements include, but are not limited to, statements regarding the Company’s strategic direction, market opportunities, platform development, partnerships, supply chain, geographic expansion, anticipated benefits of strategic partnerships, anticipated benefits of expansion into Japan, anticipated growth in addressable markets including space and defense, AI inference, AI data center infrastructure, orbital AI infrastructure, the Low Altitude Economy, general-purpose and humanoid robotics, and Energy as a Service for critical infrastructure, anticipated technology roadmap, expected timing of manufacturing capacity expansion and consolidation activities, anticipated future integration of compute, memory, and agentic intelligence with the Company’s power platform, and the Company’s overall business outlook.

Forward-looking statements are based on management’s current expectations and assumptions and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by the forward-looking statements. Factors that could cause actual results to differ include, but are not limited to: risks related to the Company’s reliance on third parties; risks related to the closing and execution of strategic partnerships and customer agreements; market acceptance and adoption of the Company’s products and services; risks related to the development and certification of new products and platforms; competition; supply chain, geopolitical, and regulatory risks; the timing and execution of manufacturing capacity expansion; risks related to the development of edge AI compute integration and adjacent capabilities; and the other risk factors described in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q.

The Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this letter, except as required by law. Statements concerning third parties, including SpaceX, NVIDIA, Bank of America Global Research, McKinsey & Company, and industry market sizing, are based on publicly available information and are referenced for context. The Company makes no representation as to the accuracy or completeness of such third-party statements.

About KULR Technology Group, Inc.
KULR Technology Group, Inc. (NYSE American: KULR) is an energy-systems platform company delivering certifiable battery safety, vibration-mitigation, and thermal control solutions that enable ultra-high-power lithium-ion systems and sensitive electronics to operate reliably across space and defense missions, mobility applications, hyperscale AI data centers, and telecom infrastructure applications. Learn more at KULR.ai.

Find KULR: Website | X | Telegram | LinkedIn | Instagram | TikTok | Facebook

Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: [email protected]

Safe Harbor Statement
This release contains certain forward-looking statements based on our current expectations, intentions and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 31, 2026, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All such forward-looking statements that are provided by management in this release are based on information available at this time, and management expects that internal expectations may change over time. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

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.

Management Commentary
KULR Chief Financial Officer, Shawn Canter, said with respect to the fourth quarter and full-year 2025 results, “While overall revenue grew 51% year over year, we are particularly focused on the 39% growth in product revenue as we shift toward a more scalable product-led model. Although our reported net loss included significant non-cash charges and planned investments for future growth, we believe the underlying direction of the business reflects improving commercial traction and a stronger foundation for long-term scale.”

KULR Technology Group Fourth Quarter and Full-Year 2025 Earnings Call

Date: Tuesday, March 31st, 2026

Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)

To access the call, please register using the following link: KULR Fourth Quarter and Full-Year 2025 Earnings Call. After registering, an email will be sent, including dial-in details and a unique conference call access code and PIN required to join the live call. The conference call will be available for replay here via the Investor Relations section on KULR’s website (www.kulr.ai).

About KULR Technology Group, Inc.

KULR Technology Group, Inc. (NYSE American: KULR) is an energy-systems platform company delivering certifiable battery safety, vibration-mitigation, and thermal control solutions that enable ultra-high-power lithium-ion systems and sensitive electronics to operate reliably across space and defense missions, hyperscale AI data centers, telecom infrastructure, and mobility applications. Learn more at KULR.ai.

Find KULR: Website | X | Telegram | LinkedIn | Instagram | TikTok | Facebook

Safe Harbor Statement

This release contains certain forward-looking statements based on our current expectations, intentions and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 31, 2026, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All such forward-looking statements that are provided by management in this release are based on information available at this time, and management expects that internal expectations may change over time. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: [email protected]

KULR Media Relations:
M Group Strategic Communications (on behalf of KULR)
Email: [email protected]

Kulr stock is testing lower boundaries. Why did KULR hit a new low? Q4 Results Miss EstimatesKulr reported a loss of 97 cents per share, missing the consensus estimate of a 8 cent-loss. In addition, it reported revenue of $2.86 million, missing the consensus estimate of $8.00 million and representing a 15% year-over-year decline

Net loss widened to $44.26 million, primarily driven by a $28.26 million mark-to-market loss tied to the company's bitcoin holdings.

Kulr reported cash balances of $13.30 million as of Dec. 31, 2025, down from $29.83 million a year earlier. The company also held $93.99 million in bitcoin, up significantly from $20.28 million in the prior year.

CEO Michael Mo said the company is entering 2026 with "sharper strategic focus" and "confidence in our ability to convert technical leadership into long-term shareholder value."

KULR Price Action: At the time of publication, Kulr shares are trading 11.81% higher at $2.09, according to data from Benzinga Pro.

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HOUSTON, April 28, 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 the appointments of Microsoft director Mr. Ben Frank and pricing and profit optimization specialist Dr. Mike Kimel to its Board of Directors effective immediately. In connection with these appointments, KULR has streamlined its Board to three members, including two majority independent directors, as part of the Company’s ongoing focus to reduce selling, general and administrative (SG&A) expenses in 2026 and drive greater operating efficiency.

Mr. Frank is a technology and enterprise solutions director with extensive experience in applied artificial intelligence, enterprise technology commercialization, and energy-adjacent digital transformation. He currently serves as Director of Workforce AI Solution Engineering at Microsoft (NASDAQ: MSFT), where he leads pre-sales technical teams supporting large enterprise customers deploying AI-driven platforms within Microsoft’s Energy & Resources organization. His background includes advising executive leadership on go-to-market strategy, execution risk, and the application of AI to complex, asset-intensive industries, including energy and industrial sectors. Mr. Frank brings a blend of technical leadership, enterprise sales experience, and hands-on application of artificial intelligence to support growth, operational efficiency, and commercialization. He holds a Bachelor of Science in Mechanical Engineering from the University of California, Santa Barbara.

Dr. Kimel is a pricing and profitability expert with more than 30 years of experience as a corporate executive, consultant, and academic, often serving in all three roles simultaneously. He has advised organizations ranging from Fortune 500 companies to early-stage startups, with particular expertise in complex industrial sectors including aerospace, defense, and manufacturing. He is the Founder and CEO of Pricimetrics, Inc., a pricing and analytics firm focused on improving margin performance, revenue quality, and strategic decision-making. Earlier in his career, he held senior pricing and analytics leadership roles at companies including OmniSource, Toyo Tires, and Sears Holdings. Dr. Kimel holds a Ph.D. in Economics from the University of California, Los Angeles.

Michael Mo, Co-Founder and Chief Executive Officer of KULR Technology Group, commented, “Mr. Frank and Dr. Kimel bring expertise at the intersection of artificial intelligence, enterprise sales, and pricing optimization that will be highly valuable as KULR continues to scale. Their experience helps plug critical gaps needed for deeper commercial, pricing, and operational discipline, and aligns directly with our focus on margin expansion, disciplined growth, and more efficient execution.”

The Company is also appointing a Special Advisor to lead implementation of its new Operating Discipline Framework, focused on pricing discipline, capital allocation, cost controls, and operating cadence. A CFA charterholder and CPA with deep FP&A experience across manufacturing, agriculture, financial services, and technology, the Special Advisor will work with leadership to improve margins, strengthen cash flow, and convert growth into durable profitability.

The Board restructuring and new appointments underscore KULR’s continued shift toward disciplined capital allocation, cost management, and scalable growth, as the Company prioritizes investment in its core battery platform and key end markets, including defense, aerospace, and AI-driven infrastructure.

About KULR Technology Group, Inc.

KULR Technology Group, Inc. (NYSE American: KULR) is an energy-systems platform company delivering certifiable battery safety, vibration-mitigation, and thermal control solutions that enable ultra-high-power lithium-ion systems and sensitive electronics to operate reliably across space and defense missions, hyperscale AI data centers, telecom infrastructure, and mobility applications. Learn more at KULR.ai.

Find KULR: Website | X | Telegram | LinkedIn | Instagram | TikTok | Facebook

Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: [email protected]

Safe Harbor Statement

This release contains certain forward-looking statements based on our current expectations, intentions and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 31, 2026, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All such forward-looking statements that are provided by management in this release are based on information available at this time, and management expects that internal expectations may change over time. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

HOUSTON, May 08, 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, will hold a conference call on Thursday, May 14th at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the first quarter ended March 31, 2026. The financial results will be issued in a press release prior to the call.

KULR management will host the conference call, followed by a question-and-answer period. Interested parties can submit relevant questions prior to the call to Stuart Smith via email: [email protected] by 10:00 a.m. ET on Tuesday, May 12th, 2026. Mr. Smith will compile a list of questions and submit them to the Company prior to the conference call. The questions will be addressed according to the relevance to the shareholder base, and the appropriateness of the questions in light of public disclosure rules.

KULR Technology Group First Quarter 2026 Earnings Call
Date: Thursday, May 14th, 2026
Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)

To access the call, please register using the following link: KULR First Quarter 2026 Earnings Call. After registering, an email will be sent, including dial-in details and a unique conference call access code and PIN required to join the live call. The conference call will be available for replay here via the Investor Relations section on KULR’s website (www.kulr.ai).

About KULR Technology Group, Inc.
KULR Technology Group, Inc. (NYSE American: KULR) is an energy-systems platform company delivering certifiable battery safety, vibration-mitigation, and thermal control solutions that enable ultra-high-power lithium-ion systems and sensitive electronics to operate reliably across space and defense missions, hyperscale AI data centers, telecom infrastructure, and mobility applications. Learn more at KULR.ai.

Find KULR: Website | X | Telegram | LinkedIn | Instagram | TikTok | Facebook

Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: [email protected]

KULR Technology Group, Inc. (KULR) Q1 2026 Earnings Call Transcript

October's 4 Best Penny Stocks: High-Risk, High-Reward PicksKULR Technology Group NYSEAMERICAN: KULR said it made progress in the first quarter of 2026 on revenue growth, margin improvement and cost discipline, while laying out plans to expand battery manufacturing capacity and pursue opportunities across drones, space, maritime systems, data centers and telecom infrastructure.

On the company’s earnings call, KULR reported total revenue of $4.8 million for Q1 2026, up 98% from $2.4 million in Q1 2025. Product sales increased 84% year over year to $2.1 million. The company said overall blended gross margin improved to approximately 29%, compared with 8% in the prior-year quarter, while product sales gross margin was 26%.

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The company also reported that its total loss from operations decreased approximately 22% year over year. KULR said it had approximately $19 million in cash as of the call date and approximately 1,085 bitcoin in its treasury. The company said it is committing all financial resources to its battery business and is not acquiring bitcoin with cash, adding that any bitcoin acquisitions are coming only through existing bitcoin mining contracts.

“One quarter does not make a turnaround, but Q1 is evidence that the vision and discipline we commit to for 2026 is starting to translate into measurable results,” Michael said on the call. He described the company’s core objective for 2026 as scaling the KULR ONE platform to “build more batteries” and “sell more batteries” while converting customer traction into margin-accretive revenue.

Battery Platforms Gain Traction Across Drones, Space and Maritime KULR highlighted its KULR ONE Air platform as a key area of momentum, particularly with U.S. and NDAA-compliant drone manufacturers. Michael said the company’s S3P lift battery is seeing “broad adoption,” and that KULR expanded its lift pack family during the quarter with additional configurations aimed at long-duration flight applications.

The company said it is also advancing battery management systems, or BMS, for 6S, 12S and 18S configurations targeting large UAV platforms. Michael said the design of a mil-spec EMI-resistant BMS for drone-based defense applications has been completed. Customer development activity is increasing across defense, aerospace, space and unmanned systems, he added, with particularly strong growth in UAS battery programs.

During the Q&A portion of the call, Stuart Smith, KULR’s Head of Investor Relations, asked how many KULR ONE Air programs were moving from prototype or development work into production. Michael said multiple programs are in transition, noting that the S3P lift pack is in production, the expanded lift family is moving from design into qualification with customers, and the large UAV BMS systems remain on track with customers. He said KULR has not disclosed a program-by-program count.

KULR also said it has expanded the KULR ONE platform into humanoid robotics, where it is engaged with two customers, and into larger class two and class three drones. Michael said the company is exploring configurations with NDAA-compliant solid-state and lithium metal battery cell providers capable of exceeding 380 Wh/kg.

On the space side, KULR said its KULR ONE Space platform was selected by several additional LEO and GEO missions during the quarter. The company said its XLT and Reach series batteries remain in active deployment across multiple satellite programs. Michael said recent investments in the company’s BMS are enabling higher radiation tolerance and improved current-carrying capabilities.

KULR also updated investors on KULR ONE Triton, its maritime battery family. The company said Triton is being developed and tested in partnership with several OEMs and is intended to bring aerospace-grade and Navy 9310 reliability standards to autonomous surface and subsea systems. KULR said it is testing Triton across solid-state, nickel metal hydride and small-format lithium-ion chemistries.

Data Center and Telecom Opportunities KULR said it continues to advance KULR ONE MAX, its 48-volt high-power battery backup unit platform targeting edge, AI data center and telecom infrastructure applications. Michael said the industry is shifting as AI workloads grow and battery backup moves closer to computing racks, requiring higher safety standards, higher voltage handling and faster response than conventional backup systems.

The company said it attended the Open Compute Project EMEA Summit during the quarter and met with major data center OEMs. Michael said KULR’s focus was to license its propagation-resistant and thermal management intellectual property for data center battery backup unit applications.

KULR also described an opportunity in telecom infrastructure, where Michael said 5G rollouts and rising uptime requirements are pushing operators away from legacy lead-acid systems toward lithium-ion. He said the company has more than half a dozen engagements with telecom service providers around KULR ONE battery-as-a-service. KULR delivered production battery packs against existing supply commitments during the quarter and said it remains on track with manufacturing consolidation milestones discussed on its prior call.

Capacity Expansion and Cost Discipline KULR said it signed a new lease for an additional 25,000 square feet of manufacturing space to support new battery production lines and high-volume customer programs. Michael said the new production lines will be installed at the new facility in Q2 and are expected to start production in Q3. The company said it expects capacity to produce 10,000 battery packs per month.

In response to a question from Smith about the automated production line, Michael said the company expects the added capacity to lower battery unit economics and improve margins. He also said KULR has brought a copper busbar laser cutter in-house, which he said should reduce lead times and costs for high-performance components. KULR is also putting UN 38.3 certification infrastructure in-house to help build, qualify and ship batteries more quickly.

On costs, KULR said R&D expense declined and SG&A expense also fell year over year, though the call included two slightly different figures for the R&D and SG&A declines. Michael said total operating expenses, excluding a $500,000 credit loss, declined 24% year over year. He said the company will continue to be disciplined on its cost structure while investing in growth.

Asked about cash usage and capital allocation priorities for the rest of 2026, Michael said the focus remains on “building more batteries and selling more batteries.” He said cash usage will include capital expenditures for equipment and facilities, working capital for inventory, SG&A, and continued investment in personnel.

Board Changes and Market Positioning KULR also discussed board changes announced April 28. The company appointed Ben Frank of Microsoft and Dr. Mike Kimel, while streamlining the board to three members, two of whom are independent. Michael said the smaller board is intended to reduce SG&A and ensure each director contributes expertise needed as KULR moves from platform development into monetization.

Frank is Director of Workforce AI Solutions Engineering at Microsoft, where he leads engineering teams supporting enterprise customers deploying AI platforms within Microsoft’s Energy and Resource organization. Michael said Frank’s experience is relevant as KULR works to build KULR ONE as an ecosystem platform.

Dr. Kimel has more than 30 years of experience as a corporate executive, consultant and academic, with a focus on pricing strategies and margin performance. Michael said Kimel’s appointment aligns with KULR’s 2026 priorities around product revenue growth, higher margins and reduced costs.

Michael also said recent consolidation in the UAV supply chain validates KULR’s focus on domestic, vertically integrated battery capabilities. He said the industry is consolidating around NDAA compliance, domestic vertical integration and a complete component ecosystem. KULR said it already operates more than 31,000 square feet of vertically integrated R&D and production space in Webster, Texas, with the additional 25,000 square feet of manufacturing capacity being added in Q2.

About KULR Technology Group NYSEAMERICAN: KULRKULR Technology Group, Inc, through its subsidiary, KULR Technology Corporation, develops and commercializes thermal management technologies for electronics, batteries, and other components applications in the United States. It provides lithium-ion battery thermal runaway shields; automated battery cell screening and test systems; cellchecks; safecases; fiber thermal interface materials; phase change material heat sinks; internal short circuit devices; and CRUX cathodes. The company's technologies are used in electric vehicles, energy storage, battery recycling transportation, cloud computing, and 5G communication devices.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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HOUSTON, May 21, 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, mobility applications, hyperscale AI data centers, and telecom infrastructure OEMs, today announced that it is advancing next-generation drone battery pack integration using Factorial Inc.’s solid-state and lithium-metal battery cell technologies.

The initiative is part of a broader global effort by Factorial to accelerate deployment of its next-generation battery platform across drone systems in the United States, Europe, and Asia-Pacific. In the United States, KULR is supporting integration work focused on optimizing Factorial cells for demanding unmanned aircraft systems (“UAS”) flight environments through KULR’s expertise in battery safety, thermal management, pack design, and mission-critical energy systems.

As drone missions become longer-range, more autonomous, and increasingly important across commercial, industrial, and defense applications, conventional lithium-ion battery systems can face limitations in endurance, weight, and pulse power. KULR’s work with Factorial cells is intended to support the development of battery pack solutions that can help address these constraints while maintaining a focus on safety, reliability, and manufacturability.

“Factorial is pushing the frontier of solid-state and lithium-metal battery innovation, and its next-generation cell technologies have the potential to meaningfully expand what is possible across electrified flight applications,” said Michael Mo, Chief Executive Officer of KULR Technology Group. “By integrating Factorial’s cells into KULR's advanced battery pack architectures, we believe these technologies can help support higher-energy, higher-power solutions for drone platforms operating in demanding environments, where performance, safety, and reliability are becoming increasingly important.”

“We couldn't be more excited to have KULR as a strategic partner," said Siyu Huang, CEO of Factorial. "They bring best-in-class battery platform and pack integration capabilities to a U.S. drone market that is scaling faster than ever. Solid-state and lithium-metal technology is ready for deployment at scale — and partners like KULR are the ones bringing it into the field.” 

KULR and Factorial recently showcased initial battery pack demonstrations at XPONENTIAL 2026 in Detroit, one of the world’s leading events for robotics, autonomy, and uncrewed systems. The demonstration highlighted the potential for Factorial cell-powered battery packs to support next-generation UAS applications across aerospace, defense, robotics, and autonomous system markets.

KULR’s role in the U.S. integration effort builds on its broader strategy to expand the KULR ONE platform into mission-critical battery applications where performance, safety, certification readiness, and manufacturability are essential design requirements. The Company’s KULR ONE Air platform is being developed to support advanced drone, UAS, eVTOL, and electric aviation applications.

About KULR Technology Group, Inc.
KULR Technology Group, Inc. (NYSE American: KULR) is an energy-systems platform company delivering certifiable battery safety, vibration-mitigation, and thermal control solutions that enable ultra-high-power lithium-ion systems and sensitive electronics to operate reliably across space and defense missions, mobility applications, hyperscale AI data centers, and telecom infrastructure OEMs. Learn more at KULR.ai.

Find KULR: Website | X | Telegram | LinkedIn | Instagram | TikTok | Facebook

Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: [email protected]

Safe Harbor Statement
This release contains certain forward-looking statements based on our current expectations, intentions and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 31, 2026, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All such forward-looking statements that are provided by management in this release are based on information available at this time, and management expects that internal expectations may change over time. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1c70dd55-cb3e-4cd6-8569-f07d2842bd13

HOUSTON, June 09, 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, mobility applications, hyperscale AI data centers, and telecom infrastructure applications, today announced the appointments of Dr. Michael Kimel as Chief Financial Officer and Mr. Steven Perez as a new independent Board member of the Company, each effective June 9, 2026. In connection with his appointment as Chief Financial Officer, Dr. Kimel resigned from the Company’s Board of Directors effective June 9, 2026.

Dr. Kimel, an executive economist with more than 30 years of experience improving profitability, optimizing cost structures, and leading data-driven financial strategy, previously served as Audit Committee Chair of KULR’s Board of Directors. Dr. Kimel has spent his career helping organizations improve margins, optimize pricing, and create more disciplined financial and operating frameworks. He founded Pricimetrics, a consulting firm focused on profit maximization, and prior to that served as Senior Vice President of Pricing and Analytics at OmniSource United. Previously he served as Senior Director of Pricing and Market Analytics at Toyo Tire Holdings of Americas Inc. Earlier in his career, he held pricing, analytics, and strategy roles at FirstEnergy, and Sears Holdings. Dr. Kimel holds a Ph.D. in Economics from the University of California, Los Angeles.

“I am pleased to welcome Mike Kimel as KULR’s Chief Financial Officer,” said Michael Mo, Co-Founder and Chief Executive Officer of KULR Technology Group. “Mike has already begun helping KULR sharpen its operating discipline, pricing framework, and margin improvement initiatives. His background in financial strategy, economics, and profitability improvement makes him well suited to lead KULR’s next phase of disciplined, profitable growth.”

“I am honored to step into the CFO role at such an important time for KULR,” said Dr. Kimel. “The Company has a significant opportunity to build on its differentiated battery safety and energy systems platform while at the same time implementing its Operating Discipline Framework -- strengthening financial discipline, improving operating leverage, and aligning capital allocation with long-term shareholder value creation. I look forward to working closely with Michael, the Board, and the leadership team supporting KULR’s next stage of growth.”

Steven Perez brings more than 25 years of sales, marketing, product marketing, and go-to-market leadership experience across some of Silicon Valley’s most successful technology companies. Most recently, Mr. Perez served in multiple director-level enterprise sales roles at Twilio (NYSE: TWLO), including Regional Sales Director where he managed large-scale revenue portfolios and led teams providing communications software, customer engagement, and AI solutions to independent software vendors and enterprise platform customers. Earlier in his career, Mr. Perez held sales, product marketing, and field marketing roles at Salesforce, LinkedIn, Adobe EchoSign, Jive Software, Sun Microsystems and Philips Electronics North America. Mr. Perez holds a Bachelor of Science degree in Business Administration with a concentration in Financial Management from California Polytechnic State University, San Luis Obispo.

KULR CEO Michael Mo added, “I am pleased to welcome Steven Perez to KULR’s Board. Steve brings deep enterprise sales and go-to-market experience from category-defining technology companies. As KULR continues to scale its advanced battery systems across demanding commercial, defense, aerospace, and energy infrastructure markets, Steve’s experience building and managing high-performing sales organizations will be highly valuable to the Company.”

“I am excited to join KULR’s Board as the Company continues to commercialize its advanced battery systems and energy management platforms,” said Steven Perez. “KULR is addressing critical power, safety, and performance requirements across markets where reliability is mission-critical. I look forward to working closely with the leadership team to build on the Company’s go-to-market strategy and helping the team scale customer adoption.”

About KULR Technology Group, Inc.
KULR Technology Group, Inc. (NYSE American: KULR) is an energy-systems platform company delivering certifiable battery safety, vibration-mitigation, and thermal control solutions that enable ultra-high-power lithium-ion systems and sensitive electronics to operate reliably across space and defense missions, mobility applications, hyperscale AI data centers, and telecom infrastructure applications. Learn more at KULR.ai.

Find KULR: Website | X | Telegram | LinkedIn | Instagram | TikTok | Facebook

Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: [email protected]

Safe Harbor Statement
This release contains certain forward-looking statements based on our current expectations, intentions and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 31, 2026, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All such forward-looking statements that are provided by management in this release are based on information available at this time, and management expects that internal expectations may change over time. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.