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KULR Delivers Immediate Power Cell Battery Deployment Order for AI-Enabled Drone Missions in Ukraine

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KULR Technology Group, Inc. (NYSE American: KULR) has secured an immediate power cell battery deployment order for AI-enabled drone missions in Ukraine. The Ukrainian contractor will utilize the company's high-power battery cells for ongoing drone operations in Eastern Europe. This strategic move aligns with the increasing importance of drones in military operations, enhancing reconnaissance capabilities and precision strikes. The global military drone market is projected to grow significantly in the coming years, creating a promising opportunity for KULR.
La KULR Technology Group, Inc. (NYSE American: KULR) ha ottenuto un ordine immediato per il dispiegamento di batterie a celle ad alta potenza per missioni di droni abilitati all'intelligenza artificiale in Ucraina. Il contraente ucraino utilizzerà le batterie ad alta potenza della compagnia per le operazioni continue con droni nell'Europa orientale. Questa mossa strategica è in linea con l'importanza crescente dei droni nelle operazioni militari, migliorando le capacità di ricognizione e i colpi di precisione. Si prevede che il mercato globale dei droni militari crescerà significativamente nei prossimi anni, rappresentando un'opportunità promettente per KULR.
KULR Technology Group, Inc. (NYSE American: KULR) ha asegurado un pedido inmediato de despliegue de baterías de celdas de alta potencia para misiones de drones con inteligencia artificial en Ucrania. El contratista ucraniano utilizará las celdas de batería de alta potencia de la compañía para operaciones continuas de drones en Europa Oriental. Este movimiento estratégico está alineado con la importancia creciente de los drones en las operaciones militares, mejorando las capacidades de reconocimiento y los ataques de precisión. Se proyecta que el mercado global de drones militares crecerá significativamente en los próximos años, creando una oportunidad prometedora para KULR.
KULR Technology Group, Inc. (NYSE American: KULR)은 우크라이나에서 AI 지원 드론 임무를 위한 즉각적인 전력 셀 배터리 배치 주문을 확보했습니다. 우크라이나 계약자는 동유럽에서 지속적인 드론 작업을 위해 회사의 고출력 배터리 셀을 사용할 것입니다. 이 전략적 움직임은 군사 작전에서 드론의 중요성이 증가하는 것과 일치하며, 정찰 능력과 정밀 타격을 향상시킵니다. 향후 몇 년 동안 글로벌 군사 드론 시장이 크게 성장할 것으로 예상되어 KULR에게 유망한 기회를 제공합니다.
KULR Technology Group, Inc. (NYSE American: KULR) a sécurisé une commande immédiate pour le déploiement de batteries à cellules haute puissance pour des missions de drones activées par IA en Ukraine. Le sous-traitant ukrainien utilisera les cellules de batterie haute puissance de la société pour des opérations de drones continues en Europe de l'Est. Ce mouvement stratégique s'aligne avec l'importance croissante des drones dans les opérations militaires, améliorant les capacités de reconnaissance et les frappes de précision. Le marché mondial des drones militaires est projeté de croître significativement dans les années à venir, créant une opportunité prometteuse pour KULR.
Die KULR Technology Group, Inc. (NYSE American: KULR) hat einen sofortigen Auftrag für den Einsatz von Hochleistungszellenbatterien für KI-gesteuerte Drohnenmissionen in der Ukraine erhalten. Der ukrainische Auftragnehmer wird die Hochleistungsbatteriezellen des Unternehmens für laufende Drohnenoperationen in Osteuropa nutzen. Dieser strategische Schritt steht im Einklang mit der zunehmenden Bedeutung von Drohnen in militärischen Operationen, Verbesserung der Aufklärungsfähigkeiten und der Präzisionsschläge. Es wird erwartet, dass der globale Markt für Militärdrohnen in den kommenden Jahren erheblich wachsen wird, was eine vielversprechende Gelegenheit für KULR darstellt.
Positive
  • KULR Technology Group, Inc. has successfully fulfilled a power cell battery deployment order for AI-enabled drone missions in Ukraine.
  • The deployment order signifies the importance of high-power battery cells in sustaining ongoing drone operations in Eastern Europe.
  • The global military drone market is expected to experience substantial growth, offering a lucrative opportunity for KULR to expand its market presence and revenue streams.
  • Drones play a important role in enhancing military capabilities by reducing the gap between target identification and elimination, ultimately boosting frontline operations.
  • The integration of AI solutions in drone designs allows for enhanced target recognition and autonomous control in challenging operational environments.
Negative
  • None.

SAN DIEGO, April 23, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced it has delivered on an immediate basis, a power cell battery deployment order for AI-enabled drone and advanced air mobility missions in Ukraine. The Ukrainian contractor will employ the Company's high-power battery cells to sustain its ongoing drone operations in Eastern Europe. This initial deployment order necessitated immediate delivery, with full pre-payment before shipment. Further details on the transaction are being withheld due to the sensitive nature of the project.

The conflict in Ukraine has highlighted the strategic superiority of drones, which have evolved to be more compact, user-friendly, and accessible to a wide range of operators. Drones significantly reduce the gap between target identification and elimination, thereby enhancing a military's capability to push forward its frontline. Equipped with a longer battery life and faster charge times, drones can perform extensive reconnaissance missions for hours, facilitating subsequent precision strikes by more sophisticated models within targeted areas. Additionally, certain drone variants empower individual soldiers to surveil movements without jeopardizing lives or disclosing their own positions. Ukraine’s drone developers look to integrate AI solutions into their designs where an algorithm quickly learns to recognize a drone’s target. That way, if the electronic jamming gets too intense or the drone loses its command signal, AI can take over control from the human operator and steer the drone to a successful mission.

Just this past weekend the United States House of Representatives, with broad bipartisan support, passed a $61 billion legislative package aiding Ukraine.

According to Fortune Business Insights, the global military drone market is expected to grow from $14.14 billion in 2023 to $35.60 billion by 2030, at a CAGR of 14.10% during the forecast period.

About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) is a leading energy management platform company offering proven solutions that play a critical role in accelerating the electrification of the circular economy. Leveraging a foundation in developing, manufacturing, and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systems, KULR has evolved its holistic suite of products and services to enable its customers across disciplines to operate with efficiency and sustainability in mind. For more information, please visit www.kulrtechnology.com.

Safe Harbor Statement
This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts 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 April 12, 2024, 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 forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. 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: ir@kulrtechnology.com


FAQ

What is the recent announcement made by KULR Technology Group, Inc. regarding Ukraine?

KULR Technology Group, Inc. has delivered a power cell battery deployment order for AI-enabled drone missions in Ukraine.

How will the high-power battery cells from KULR be utilized in Ukraine?

The Ukrainian contractor will use KULR's high-power battery cells for ongoing drone operations in Eastern Europe.

What is the significance of drones in military operations according to the press release?

Drones play a vital role in enhancing military capabilities by reducing the gap between target identification and elimination, thereby improving frontline operations.

What is the growth projection for the global military drone market?

The global military drone market is expected to grow from $14.14 billion in 2023 to $35.60 billion by 2030, at a CAGR of 14.10%.

How does the integration of AI solutions benefit drone operations?

AI solutions in drone designs enable enhanced target recognition and autonomous control in challenging operational environments.

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