KULR Secures Initial Defense Drone Battery Orders with Customer Opportunity Exceeding $5 Million for 2026

KULR (NYSE American: KULR) received initial purchase orders totaling nearly $1.0 million from a U.S. defense technology company that manufactures FPV unmanned aerial systems.

Rhea-AI Summary

KULR (NYSE American: KULR) received initial purchase orders totaling nearly $1.0 million from a U.S. defense technology company that manufactures FPV unmanned aerial systems. The company expects total purchase orders from this customer to exceed $5 million, with all orders to be fulfilled and shipped before end of 2026.

The orders are for KULR ONE Air (K1A) batteries, a purpose-built UAV battery platform leveraging KULR's aerospace and defense manufacturing heritage and U.S.-based production capability.

Positive

• Initial orders of nearly $1.0 million received
• Customer pipeline implying >$5 million total orders for 2026
• All orders expected fulfilled and shipped before end of 2026
• K1A product targeted to high-growth UAS market
• U.S.-based manufacturing cited as strategic advantage

Negative

• Order volume tied to a single identified defense customer
• Revenue timing concentrated in 2026 per order fulfillment schedule

Argus Apr 29 session

-0.82% close to close Open Argus

Details

News Market Reaction – KULR

On Apr 29, the day this news came out, KULR closed 0.82% below the previous close.

Data tracked by StockTitan Argus for the Apr 29 session.

Key Figures

Initial defense drone orders: nearly $1.0 million Customer opportunity 2026: exceeding $5 million Drone Dominance initiative: $1.1 billion +3 more

Initial defense drone orders

nearly $1.0 million

Initial purchase orders from U.S. defense technology company

Customer opportunity 2026

exceeding $5 million

Expected total purchase orders from this drone customer by end of 2026

Drone Dominance initiative

$1.1 billion

Department of War program for low-cost expendable attack drones

Defense systems market 2026

$120.5 billion

Projected global drone defense systems market size in 2026

Defense systems market 2034

$6.86 trillion

Projected global drone defense systems market size by 2034

Market growth CAGR

65.7%

Projected compound annual growth rate 2026–2034 for drone defense systems

Historical Context

5 past events · Latest: Apr 28

5 events

1. Apr 28

   Board restructuring

   24h Move

   +0.4%

   New directors and operating framework to improve efficiency and margins.

2. Mar 31

   Earnings results

   24h Move

   -14.8%

   Strong 2025 revenue growth but wider net loss and higher costs.

3. Mar 26

   Earnings call setup

   24h Move

   -8.2%

   Announcement of timing for Q4 and full-year 2025 earnings call.

4. Mar 26

   Aviation partnership

   24h Move

   -2.0%

   Co-development deal for eR66 electric helicopter battery system.

5. Feb 18

   Drone collaboration

   24h Move

   +4.2%

   Joint development of NDAA-compliant batteries for agricultural drones.

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

Key Terms

unmanned aerial systems, uas, uav, uam, +2 more

6 terms

unmanned aerial systems technical

"manufacturer of unmanned aerial systems (“UAS”) specializing in first-person view"

Unmanned aerial systems are complete drone setups: the aircraft itself plus the remote control, sensors, communications links and support equipment that let it fly without a person on board. Think of it as a flying robot plus its command center and toolbox. Investors watch these systems because they open new commercial and defense markets, carry revenue and regulatory risks, and can change how goods, data and services are delivered.

uas technical

"manufacturer of unmanned aerial systems (“UAS”) specializing in first-person view"

UAS stands for Unmanned Aircraft System, the complete setup that lets a remotely piloted aircraft (commonly called a drone) fly safely — including the aircraft itself, the ground controller, communications links and supporting equipment. Investors watch UAS because rules, technology and demand for tasks like surveying, delivery or aerial inspection directly affect companies’ sales and regulatory costs; think of it as a vehicle plus its keys, radio and support crew that together determine whether it can operate profitably.

uav technical

"K1A is designed for UAV and UAM applications and combines lightweight"

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.

uam technical

"K1A is designed for UAV and UAM applications and combines lightweight"

Urban air mobility (UAM) is the development and operation of small, often electric, aircraft designed to carry people or cargo around cities and suburbs, typically taking off and landing vertically like an elevator in the sky. For investors it represents a potential new transport layer—similar to adding a fast lane above congested roads—creating opportunities for makers of aircraft, batteries, software and landing infrastructure, but also exposing companies to heavy regulatory, safety and infrastructure risk that can affect timelines and returns.

compound annual growth rate financial

"representing a compound annual growth rate of 65.7% over the forecast period"

The compound annual growth rate (CAGR) shows how much an investment or value has grown, on average, each year over a specific period. It considers the effect of growth that compounds or builds upon itself, similar to how interest accumulates in a savings account. Investors use CAGR to compare different investments’ long-term performance and to understand how steady or consistent their growth has been over time.

lithium-ion battery systems technical

"family of advanced lithium-ion battery systems engineered specifically for unmanned"

A lithium-ion battery system is a rechargeable power pack made of cells and control electronics that store and release electricity, similar to a large, reusable phone battery for devices, vehicles, or grid storage. Investors care because these systems determine product range, operating costs, safety, and replacement timelines; their performance, materials cost and regulatory or supply-chain risks can directly affect a company’s revenue, margins and long-term competitiveness.

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

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HOUSTON, April 29, 2026 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), an energy-systems platform company that enables the safe, certifiable deployment of ultra-high-power lithium battery systems for space and defense programs, hyperscale AI data centers, and telecom infrastructure OEMs, today announced it received initial purchase orders totaling nearly $1.0 million from a U.S. defense technology company and manufacturer of unmanned aerial systems (“UAS”) specializing in first-person view (“FPV”) drones for military use. Including this initial order, KULR expects total purchase orders from this customer to exceed $5 million, with all related orders expected to be fulfilled and shipped before the end of 2026.

The order is for KULR ONE Air® (K1A) batteries, KULR’s battery platform purpose-built for the rapidly growing UAS market. K1A is designed for UAV and UAM applications and combines lightweight, compact architecture with the safety and reliability standards derived from KULR’s aerospace and defense heritage.

The customer was also involved in Drone Dominance, the Department of War’s $1.1 billion initiative to rapidly equip warfighters with thousands of low-cost, expendable, one-way attack drones, further reflecting KULR’s growing presence in the U.S. defense drone ecosystem.

Earlier this month, Fortune Business Insights projected the global drone defense systems market will grow from $120.5 billion in 2026 to $6.86 trillion by 2034, representing a compound annual growth rate of 65.7% over the forecast period.

"This order marks an exciting milestone in KULR's expansion into the US domestic drone and UAV market," said Michael Mo, Chief Executive Officer of KULR. "With our expanding customer pipeline and a global market projected to grow at more than 65% annually through 2034, I believe KULR ONE Air is entering one of the most compelling growth markets in our industry. Our aerospace and defense heritage, combined with U.S.-based manufacturing, positions us to capture a meaningful share of this expansion."

KULR ONE Air was first introduced last year as a family of advanced lithium-ion battery systems engineered specifically for unmanned aerial systems. Built on KULR’s production platform, K1A is designed to deliver high performance, scalable manufacturing, and competitive cost for demanding drone missions.

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: ir@kulr.ai

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did KULR (KULR) announce about defense drone battery orders on April 29, 2026?

KULR announced initial purchase orders totaling nearly $1.0 million and expects total orders from that customer to exceed $5 million. According to the company, all related orders are expected to be fulfilled and shipped before the end of 2026.

What is the KULR ONE Air (K1A) battery and what is it used for?

K1A is KULR's purpose-built lithium-ion battery platform for unmanned aerial systems and UAV/UAM applications. According to the company, K1A combines lightweight, compact architecture with aerospace-derived safety and scalable manufacturing for demanding drone missions.

How will the announced KULR orders affect shipment timing in 2026?

All related orders are expected to be fulfilled and shipped before the end of 2026. According to the company, the customer’s orders — initial nearly $1.0 million and expected follow-ons totaling over $5 million — are scheduled for 2026 delivery.

Who is the customer for KULR's initial drone battery orders and what is their role?

The customer is a U.S. defense technology company and manufacturer of FPV unmanned aerial systems for military use. According to the company, the customer was involved in Drone Dominance, a Department of War initiative to equip warfighters with low-cost expendable drones.

Does KULR expect more orders beyond the initial $1.0 million for 2026?

Yes. According to the company, including the initial order, total purchase orders from this customer are expected to exceed $5 million, with fulfillment and shipment of all related orders planned before the end of 2026.