Factorial and Tulip Seal Strategic Partnership after Successful Flight Test

Rhea-AI Summary

Factorial (Nasdaq: FAC) announced a strategic partnership with Netherlands-based Tulip Tech Group to accelerate commercial deployment of solid-state and lithium-metal batteries for next-generation drones. Early customer flight tests using Factorial cells in Tulip UAV battery systems showed over 30% increase in flight range before engineering optimization.

The companies established a commercialization framework covering joint customer engagement and a roadmap toward volume production. Tulip contributes high-density UAV battery integration and manufacturing capabilities, serving 250+ customers across defense, security, and commercial sectors, and has delivered over 100,000 battery packs in a single month. According to Factorial, its platforms target high-spec applications as the global UAV market is projected to exceed $160 billion by 2034.

Positive

• 30%+ UAV flight range gain in initial customer testing
• Commercialization framework with roadmap to volume production
• Access to Tulip’s 250+ UAV customers across multiple sectors
• Tulip production scale of 100,000+ battery packs in a single month
• UAV market projected to exceed $160 billion by 2034

Negative

• None.

News Explained

The disclosure adds a commercialization pathway and test result, but no financing, ownership transfer, or binding production order is disclosed.

Factorial and Tulip announced a strategic partnership after initial customer flight testing, which delivered a flight-range increase of more than 30%. The agreement establishes joint customer engagement and a roadmap toward volume production, but the release does not report that volume production has begun or been ordered.

The disclosed structure is collaborative commercialization: the parties will pursue customer engagement together while developing a path toward production. No payment, equity issuance, or ownership transfer is disclosed, so the announcement does not establish a financing or ownership change for existing common holders.

Market reaction after UAV battery partnership: FACWW -41.61% in the Jul 13 session

-41.61%

-41.61% Session close to close

In the Jul 13 session, FACWW declined 41.61%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -41.6% in the session following this news. A sharp downside reaction would contras...

Analysis

The stock dropped -41.6% in the session following this news. A sharp downside reaction would contrast with the prior partnership-tagged headline, which was followed by a 13.33% gain, even though this program again reports 30%+ range improvements. Weak risk appetite for pre-revenue technology or warrant structure could outweigh operational progress.

Key Figures

Flight range gain: more than 30% Long-distance drive: 1,200+ kilometer Customer count: over 250 customers +3 more

6 metrics

Flight range gain more than 30% Initial customer UAV flight testing before optimization

Long-distance drive 1,200+ kilometer Automotive cell platform single-charge drive last year

Customer count over 250 customers Tulip Tech defense, security, and commercial sectors

Production volume over 100,000 battery packs Tulip Tech deliveries in a single month

Range gain (program quote) more than a 30% range gain Initial testing in Tulip program

Global UAV market $160 billion Projected market size by 2034

Previous Partnership Reports

1 past event · Latest: Jun 30 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 30	Partnership update	Positive	+13.3%	Shareholder letter highlighting partnerships and capital-light commercialization strategy.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Partnership-related news has a limited but strong history, with the prior tagged event linked to a double-digit gain.

Key Terms

unmanned aerial vehicles, uav, solid-state, lithium metal

4 terms

unmanned aerial vehicles technical

"a Netherlands-based developer of advanced unmanned aerial vehicles (UAV) high-density battery systems"

Unmanned aerial vehicles (UAVs) are aircraft that fly without a pilot on board, controlled remotely or by onboard computers—think of them as flying robots or advanced remote‑control planes. They matter to investors because they create new markets and revenue streams across industries such as defense, logistics, agriculture and infrastructure inspection; their value depends on demand, safety and regulatory approval, similar to how driverless cars reshape transport investment risks and opportunities.

uav technical

"a Netherlands-based developer of advanced unmanned aerial vehicles (UAV) high-density battery systems"

An unmanned aerial vehicle (UAV) is an aircraft that flies without a pilot on board, controlled remotely or by onboard software like a self-driving car. Investors care because UAVs are used across industries—delivery, agriculture, inspection, mapping, and defense—so demand, regulation, or technological advances can quickly affect revenue and costs for companies that make, operate, or rely on them. Think of a UAV as a robotic helper in the sky whose growing use can change market opportunities and risks.

solid-state technical

"a global leader in solid-state battery technology, today announced a strategic partnership"

Solid-state describes devices or components that rely on solid materials to perform their function rather than moving parts or liquids; examples include solid-state drives and solid-state batteries. For investors, it signals potential advantages like greater durability, faster performance, lower maintenance and often improved safety — similar to choosing a sealed, sturdy appliance over one with many fragile mechanical parts — which can affect product competitiveness, manufacturing costs and market demand.

lithium metal technical

"Where lithium-ion runs out of road, lithium metal is just taking off."

Lithium metal is the pure, metallic form of the element lithium used as a key raw material in high-energy batteries and advanced electronics. It matters to investors because its availability, production costs, and quality directly affect the price and scalability of next-generation batteries—similar to how steel supply influences car manufacturing—so shifts in supply, mining, refining, or demand can move companies’ costs, margins, and stock values.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Early flight validation shows more than 30% increase in flight range, unlocking new operational possibilities and commercial ramp-up for drone operators

BOSTON and DEN BOSCH, The Netherlands, July 13, 2026 (GLOBE NEWSWIRE) -- Factorial Energy Inc. (“Factorial”) (Nasdaq: FAC), a global leader in solid-state battery technology, today announced a strategic partnership with Tulip Tech Group B.V. (“Tulip”), a Netherlands-based developer of advanced unmanned aerial vehicles (UAV) high-density battery systems, to accelerate commercial deployment of solid state and lithium metal batteries for next-generation drones. This agreement marks a significant step in Factorial’s expansion into aerospace applications and reflects rapidly advancing commercial momentum across high-spec markets.

Initial customer flight testing delivered more than 30% increase in flight range - before any engineering optimization. Building on these results, the companies have established a commercialization framework that includes joint customer engagement and a roadmap toward volume production.

Tulip Tech, headquartered in the Netherlands, is a leading European integrator and manufacturer of high-density battery packs for unmanned aerial vehicles. The company specializes in fully custom battery systems engineered to mission requirements, combining high energy density, lightweight design, and rigorous safety standards built to European production quality. Trusted by over 250 customers across defense, security, and commercial sectors including NASA, and delivering over 100,000 battery packs in a single month, Tulip brings proven UAV integration expertise and production scale to its partnership with Factorial, making it the ideal partner to bring a disruptive cell technology into real-world drone applications.

“Tulip has been an excellent partner to scale together with speed and reach,” said Siyu Huang, CEO of Factorial. “Last year our automotive cell platform powered a historic 1,200+ kilometer drive on a single charge. This year it's the sky. Our first long distance flight delivered more than 30% longer range. Where lithium-ion runs out of road, lithium metal is just taking off.”

Demand for higher endurance UAVs is surging across commercial, industrial, and defense sectors as missions push further, get riskier, and demand more data. Battery performance has become the defining limiter on what unmanned systems can do, and the clearest lever for competitive advantage. The global UAV market is projected to exceed $160 billion by 2034. As airframes, autonomy, and sensing payloads advance, energy storage has become the bottleneck, and the most direct path to deeper mission radius, higher payload, regulatory approvals, and fleet economics.

“Battery performance is the ceiling on almost every drone mission, and Tulip's job is to raise that ceiling by matching each mission to the best cell technology available. In this program, Factorial's solid-state and lithium-metal platform delivered more than a 30% range gain in initial testing - a standout result that has earned its place in our portfolio. We're excited to move from testing into commercialization, and to keep pushing UAV performance further alongside all of our cell partners,” said Bernd Rietberg, CEO of Tulip Tech.

Factorial's solid-state and lithium-metal platforms deliver higher energy density for longer mission profiles, paired with lighter, more powerful cells engineered for vehicles on the road, in the air, and in space.

From early on, Factorial envisioned that the first adopters would be in the high-spec sector, where performance comes before price and adoption moves faster. More than a decade of development later, these capabilities are at the inflection point to transform the air mobility.

About Factorial Energy
Factorial Energy (Nasdaq: FAC) is a leading American solid-state battery innovator backed by IQT - the not-for-profit strategic investor for the U.S. national security community and America’s allies – and Mercedes-Benz, Stellantis, Hyundai, and Kia. Through its proprietary FEST® and Solstice™ platforms, engineered for scalable manufacturing, Factorial delivers industry-leading performance across defense, space, and energy storage applications. Mercedes-Benz’ real-world road testing in a lightly modified test vehicle achieved over 1,200+ km of range on a single charge, while Stellantis-lab testing verified 77 Ah cells demonstrating high energy density, fast-charging, and robust use for energy and power performance across temperature extremes, with the technology successfully integrated into a Dodge Charger Daytona demonstration vehicle. For more information, visit www.factorialenergy.com.

About Tulip Tech
Tulip Tech, based in Den Bosch in the Netherlands, specializes in top-tier battery packs, with a strong focus on quality, safety and lightweight design. Founded in 2020, Tulip aims to accelerate the impact of drones and electrification by creating high-performing battery systems. The company develops standard & customized battery packs and cells, combining high energy density, reliable components, rigorous testing and European production standards to help drones go further, last longer and perform better.

More information: www.tulip.tech

Forward-Looking Statements
Certain statements in this communication may be considered “forward-looking statements.” Forward-looking statements herein generally relate to future events or the future financial or operating performance of Factorial. For example, Factorial’s expectations regarding future financial performance, manufacturing capabilities and operations, Factorial’s business plans, and other projections concerning key performance metrics or milestones are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “project,” “target,” “plan,” or “potentially” or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. While Factorial may elect to update such forward-looking statements in the future, it disclaims any obligation to do so.

Factorial IR Contact: IR@factorialenergy.com
Factorial Media Contact: Factorial@antennagroup.com
Tulip Tech Media Contact: raoul@tulip.tech

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f7728fba-b0d6-44d2-9a53-8d189e95dd77

FAQ

What did Factorial (Nasdaq: FAC) announce in its July 13, 2026 partnership with Tulip Tech?

Factorial announced a strategic partnership with Tulip Tech to commercialize solid-state and lithium-metal batteries for drones. According to Factorial, the deal focuses on next-generation UAV applications, joint customer engagement, and building a roadmap toward volume production using its high-energy-density cell platforms.

How much did Factorial and Tulip Tech increase drone flight range in initial tests?

Initial customer flight testing showed more than a 30% increase in flight range for drones using Factorial cells integrated by Tulip. According to Factorial, this >30% range gain was achieved before any engineering optimization, highlighting early performance benefits for UAV operators.

How does the Factorial–Tulip partnership support commercialization of solid-state batteries for UAVs (FAC)?

The partnership creates a commercialization framework combining Factorial’s solid-state and lithium-metal cells with Tulip’s UAV battery integration. According to Factorial, it includes joint customer engagement and a roadmap toward volume production, aiming to accelerate deployment into real-world drone missions.

Who is Tulip Tech in the Factorial (FAC) drone battery partnership?

Tulip Tech is a European integrator and manufacturer of high-density battery packs for unmanned aerial vehicles. According to Tulip, it serves over 250 customers across defense, security, and commercial sectors and has delivered more than 100,000 UAV battery packs in a single month.

What UAV market opportunity does Factorial (FAC) reference in its Tulip partnership announcement?

Factorial cites a global UAV market projected to exceed $160 billion by 2034 as context for the partnership. According to Factorial, growing demand for higher-endurance drones makes battery performance a key bottleneck and a major lever for competitive advantage in unmanned systems.

What battery technologies are Factorial and Tulip focusing on for next-generation drones (FAC)?

The partnership focuses on Factorial’s solid-state and lithium-metal battery platforms, integrated into Tulip’s high-density UAV packs. According to Factorial, these technologies provide higher energy density and lighter, more powerful cells for longer mission profiles in air, road, and space vehicles.