$8.65 Billion Agricultural Drone Market by 2032 Presents Great Opportunity for Collaboration with Hylio for Battery System Manufacture: KULR Technology Group, Inc. (NYSE American: KULR)
- Frontier Technology Businesses Ranging from High-Performance Energy Systems to Aerial Drone Technology and AI Robotics.
- Energy Storage for Aerospace and Defense via In-House Battery Design, Cell and Battery Testing, Battery Fabrication and Production Capabilities.
- Delivery of Commercial-Off-The-Shelf and Custom Next-Generation Energy Storage Systems in Rapid Timelines for a Fraction of Traditional Cost.
- $80 Million Digital Assets Held as a Primary Asset in Treasury Program with Commitment to Allocate Up to 90% of Excess Cash to Further Acquisition.
- Strategic Collaboration with Hylio for Texas-Manufactured Battery Systems of U.S.-Built Agricultural Drones.
- 5-Year Preferred Battery Supply Agreement Valued at $30 Million from Caban Energy, Expanding U.S. Manufacturing Footprint.
- Five-Month Pause on At-the-Market Equity Offering Program to Support Continued Business Growth Without Unneeded Stock Dilution.
- Joint Development Collaboration on Battery Backup Unit Line for AI-Scale Data Centers and High-Power Compute Environments.
- Collaboration Advances Position in the AI Data-Center Energy Market, Establishing a Commercial Program with up to $100 Million in Projected Value.
- Transitioning into AI Energy Infrastructure—Creating a High-Margin, Recurring, Safety-Driven Platform Aligned with NVIDIA’s Next-Generation Architectures.
- Proprietary Thermal-Management IP, Originating from Work with NASA, for Higher Performance, Improved Safety and Better Lifecycle Economics.
KULR Technology Group, Inc. (NYSE American: KULR) is a Digital Asset Treasury company that builds a portfolio of frontier technology businesses ranging from high-performance energy systems to AI Robotics. KULR delivers cutting-edge energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. KULR allows delivery of commercial-off-the-shelf and custom next-generation energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. Since late 2024, KULR has included digital assets as a primary asset in its treasury program and committed to allocating up to 90% of its excess cash to the acquisition of digital assets.

KULR should be given higher investor interest at this time because of its correlation with key players in the larger market. The following news just broke on CNBC regarding LG Energy Solution and Tesla $TSLA: Tesla to buy $4.3 billion of LG Energy battery cells from disbanded GM plant
Late last year, LG Energy Solution announced a partnership with KULR on the LGE website: LG Energy Solution to Enter Aerospace Battery Sector in Partnership
Most recently it was announced that KULR hired a new VP of Operations from Tesla: KULR Adds Mitchell Miller as VP Ops
With an attractive share structure of only about 45 million OS, no long term debt, strongly growing revenues with high cash reserves and over $80 million currently held in digital assets, KULR equity looks particularly undervalued in the public markets at this time. Comparative companies include QuantumScape Corp. (NYSE: QS), Amprius Technologies (NYSE: AMPX) and SES AI Corp. (NYSE: SES). These competitors all have far larger OS counts and significantly lower financial performance compared to KULR.
Strategic Collaboration with Hylio to Produce Texas-Manufactured Battery Systems for U.S.-Built Unmanned Agricultural Drones
On February 18th KULR announced it has entered into a Joint Development Collaboration with Hylio, Inc., a Texas-based designer and manufacturer of advanced unmanned agricultural drones.
The collaboration aims to design, prototype, qualify, and domestically manufacture NDAA-compliant (National Defense Authorization Act) battery systems in Texas for integration into Hylio’s unmanned aerial systems (UAS) platforms. KULR and Hylio intend to focus on high-performance, mission-critical battery architectures tailored to Hylio’s agricultural and defense-adjacent applications, with an emphasis on secure, U.S.-based supply chains.
According to a recent report by Research and Markets the global agricultural drone market is projected to grow from $4.08 billion in 2026 to $8.65 billion by 2032, representing a compound annual growth rate (CAGR) of 13.21%. KULR believes that increasing regulatory scrutiny and federal procurement standards are accelerating demand for domestically manufactured NDAA-compliant components across commercial and public-sector UAS deployments.

Engineering, integration, and manufacturing activities will be centered in Texas. The jointly developed products are expected to support customers requiring trusted, certifiable energy storage solutions for government, defense, and critical-infrastructure use cases, while also enhancing performance and reliability across commercial agricultural operations.
This collaboration aligns with the KULR strategy to expand its U.S. manufacturing footprint and deliver compliant battery platforms for regulated and mission-critical environments where safety, certification, and supply-chain integrity are paramount. For Hylio, the collaboration reinforces its commitment to American-made UAS platforms designed to meet evolving federal and operational requirements.
5-Year Preferred Battery Supply Agreement from Caban Energy Expanding U.S. Manufacturing Footprint
On January 14th KULR announced a five‑year preferred battery supply agreement from Caban Energy,a Miami-based renewable energy services and technology company delivering flexible solutions for critical infrastructure. The agreement, generating an estimated $30 million in total revenue to KULR starting 2026, further reinforces KULR strategy to deliver mission‑critical energy‑storage technologies across digital infrastructure, communications, aerospace, and defense markets, while expanding U.S.‑based manufacturing capacity to support growing customer demand.
The KULR expansion into lithium-based battery solutions for digital infrastructure and telecommunications underscores the increasingly central role of advanced energy storage in ensuring continuous, mission-critical network operations. In telecom environments, batteries serve as the primary line of defense against grid interruptions – preserving network availability, minimizing service outages, and sustaining communications during emergency conditions as expectations for uptime and resilience continue to rise. By integrating telecom-focused battery solutions into its portfolio, KULR is aligning its technology platform with the evolving requirements of digital infrastructure operators who require reliable, high-performance backup power to support 5G rollouts and long-term network scalability.
As part of the agreement, KULR took over Caban’s Plano, Texas‑based manufacturing assets. Caban focuses on decarbonizing energy for critical infrastructure, including telecommunications networks and other mission‑critical facilities. A core component of Caban’s commercial model is Energy‑as‑a‑Service, through which the company installs, operates, and owns renewable energy infrastructure while customers pay a predictable monthly fee without upfront capital expenditure.
Pause on At-the-Market Equity Offering Program
On December 22nd KULR announced that it has elected to pause the at-the-market (“ATM”) equity offering program with Cantor Fitzgerald and Craig-Hallum through June 30, 2026.
KULR maintains a strong balance sheet, carries no debt, and has sufficient liquidity to support planned operations and growth initiatives. During this period, KULR intends to prioritize execution across its core platforms, including ramping production of its KULR ONE Air products and advancing the development of its KULR ONE MAX battery backup solutions for AI data center and telecommunications applications. The six month pause reflects management’s confidence and commitment to growing its multifaceted business plans without placing pressure on KULR shareholder value via unnecessary stock dilution.
Joint Collaboration for $100M AI Server Rack Battery Backup Unit Opportunity
On December 17th KULR announced it has entered into a Joint Development Collaboration with a leading global battery-cell manufacturer to co-develop a next-generation KULR ONE® MAX Battery Backup Unit (BBU) product line designed for AI-scale data centers and high-power compute environments. The collaboration advances the KULR strategic position in the AI data-center energy market, establishing the foundation for a commercial program with up to $100 million in projected value. The importance of smooth operations for AI data centers and related facilities in the increasingly technology dependent markets today cannot be understated. Even a few seconds of power interruption to such facilities can have major consequences both functionally and financially. KULR efforts to develop and supply next generation BBU units to safeguard against power interruptions can provide a vital new level of power supply security and protection where it is needed most.
Commitment to AI Data Center Energy Storage Innovation with Open Compute Project Platinum Membership
On December 11th KULR announced it has joined the Open Compute Project (OCP) as a Platinum Member. By entering the AI data center market through rack-level Battery Backup Units (BBUs), KULR is transitioning from battery safety products into mission-critical AI energy infrastructure—creating a high-margin, recurring, safety-driven platform aligned with NVIDIA’s next-generation architectures.

KULR is developing next-generation battery backup systems, leveraging its proprietary thermal-management IP, originating from its work with NASA, to deliver higher performance, improved safety, and better lifecycle economics compared to traditional BBU solutions. These systems are engineered for environments where uptime, power quality, and thermal stability are mission-critical, including AI server farms, modular data centers, and remote edge-compute sites.
For more information on KULR visit: https://kulr.ai
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