KULR Technology Group Advances Next-Generation Drone Battery Integration with Factorial Cells

KULR Technology Group (NYSE American: KULR) is advancing next-generation drone battery pack integration using Factorial solid-state and lithium-metal cells.

Rhea-AI Summary

KULR Technology Group (NYSE American: KULR) is advancing next-generation drone battery pack integration using Factorial solid-state and lithium-metal cells. KULR supports U.S. unmanned aircraft systems by optimizing Factorial cells for demanding flight environments through its battery safety, thermal management, pack design, and mission-critical energy expertise.

KULR and Factorial demonstrated initial battery packs at XPONENTIAL 2026 in Detroit, targeting aerospace, defense, robotics, and autonomous systems. This work aligns with the expansion of the KULR ONE and KULR ONE Air platforms for advanced drone, UAS, eVTOL, and electric aviation applications.

Argus May 21 session

+6.91% close to close Open Argus

Details

News Market Reaction – KULR

On May 21, the day this news came out, KULR closed 6.91% above the previous close.

Data tracked by StockTitan Argus for the May 21 session.

Key Figures

Q1 2026 revenue: $4.85M Revenue growth: 98% Gross margin: 29% +5 more

Q1 2026 revenue

$4.85M

First quarter 2026; up 98% year over year

Revenue growth

98%

Year-over-year increase in Q1 2026 revenue

Gross margin

29%

Q1 2026 gross margin after mix shift to higher-margin systems

Net loss

$28.12M

Q1 2026 net loss impacted by bitcoin mark-to-market

Bitcoin MTM loss

$20.77M

Non-cash mark-to-market loss on bitcoin holdings in Q1 2026

Cash balance

$19.0M

Cash as of May 13, 2026 reported in 8-K

Operating loss

$7.39M

Q1 2026 loss from operations after SG&A and R&D reductions

Credit facility

$20.0M

Bitcoin-secured credit facility, with $5.0M drawn in Q1 2026

Historical Context

5 past events · Latest: May 18

5 events

1. May 18

   Space mission contract

   24h Move

   +8.9%

   Selected to supply KULR ONE Space batteries for orbital transport mission.

2. May 14

   Earnings results

   24h Move

   -5.5%

   Q1 revenue nearly doubled but net loss widened on bitcoin-related charges.

3. May 08

   Earnings call announcement

   24h Move

   +15.2%

   Scheduled Q1 2026 earnings call and outlined logistics for investor participation.

4. Apr 29

   Defense drone orders

   24h Move

   -0.8%

   Announced initial KULR ONE Air orders and 2026 opportunity exceeding $5 million.

5. Apr 28

   Board, governance changes

   24h Move

   +0.4%

   Appointed new directors, streamlined board, and emphasized margin and efficiency focus.

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

Key Terms

solid-state, lithium-metal, unmanned aircraft systems, uas, +1 more

5 terms

solid-state technical

"Factorial Inc.’s solid-state and lithium-metal battery cell technologies."

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

"solid-state and lithium-metal battery cell technologies."

Lithium-metal is the pure, metallic form of the element lithium used as an electrode material in batteries; compared with the more common graphite or lithium‑ion designs, it can store much more energy in the same space, like swapping a small suitcase for a larger one in the same overhead bin. For investors, lithium‑metal matters because it promises higher battery range and lighter weight for electric vehicles and portable electronics, but it also brings greater technical and safety challenges that affect development costs, production timelines and regulatory approval.

unmanned aircraft systems technical

"optimizing Factorial cells for demanding unmanned aircraft systems (“UAS”) flight environments"

Unmanned aircraft systems are the complete setup that lets a pilot on the ground operate a flying vehicle remotely, including the aircraft itself, the ground controls, communications links, and any cameras or sensors it carries. Think of it as a remote‑controlled delivery truck plus its driver’s console and radio connection. Investors care because these systems create new markets and revenue streams while bringing regulatory, safety and supply‑chain risks that can affect company value.

uas technical

"demanding unmanned aircraft systems (“UAS”) flight environments"

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.

evtol technical

"support advanced drone, UAS, eVTOL, and electric aviation applications."

eVTOL stands for "electric vertical takeoff and landing" aircraft, which are small, electric-powered vehicles capable of taking off and landing vertically like a helicopter. They are designed to provide quick, on-demand transportation within cities or between locations, potentially transforming urban mobility. For investors, eVTOLs represent a growing segment of innovative transportation technology with potential for significant market impact and future growth.

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

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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: ir@kulr.ai

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

FAQ

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

What did KULR (NYSE:KULR) announce on May 21, 2026 about drone batteries?

KULR announced work to advance next-generation drone battery pack integration using Factorial’s solid-state and lithium-metal cells. According to KULR, the effort targets unmanned aircraft systems in the U.S., focusing on battery safety, thermal management, pack design, and performance in demanding flight environments.

How does the Factorial partnership support KULR (KULR) drone battery technology?

The Factorial partnership provides solid-state and lithium-metal cells for KULR to integrate into advanced drone battery packs. According to KULR, this integration aims to address endurance, weight, and pulse-power limits of conventional lithium-ion systems while emphasizing safety, reliability, and manufacturability for UAS platforms.

Why are Factorial solid-state and lithium-metal cells important for KULR (KULR) UAS solutions?

Factorial’s solid-state and lithium-metal cells offer a next-generation platform for high-energy, high-power drone batteries. According to KULR, integrating these cells into its pack architectures may support longer-range, more autonomous UAS missions where performance, safety, and reliability are increasingly critical across commercial, industrial, and defense uses.

What is the role of the KULR ONE Air platform in KULR (KULR) drone strategy?

KULR ONE Air is being developed as a battery platform for advanced drone, UAS, eVTOL, and electric aviation applications. According to KULR, the Factorial cell integration supports its broader strategy to expand KULR ONE into mission-critical battery uses requiring performance, safety, certification readiness, and manufacturability.

Where did KULR (KULR) and Factorial demonstrate their next-generation drone battery packs in 2026?

KULR and Factorial showcased initial battery pack demonstrations at XPONENTIAL 2026 in Detroit. According to KULR, the demonstration highlighted the potential for Factorial cell-powered packs to support next-generation UAS applications across aerospace, defense, robotics, and broader autonomous system markets globally.

How could KULR’s work with Factorial cells benefit the U.S. drone and UAS market?

KULR’s integration work could enable battery packs better suited to demanding U.S. unmanned aircraft missions. According to KULR, optimizing Factorial cells targets limits in endurance, weight, and pulse power, potentially supporting more capable commercial, industrial, and defense drone operations where safety and reliability are essential.