KULR | Market Cap: $136.9M (07/13/26)
Industry:
Capital Goods

DESCRIPTION

KULR designs and manufactures advanced battery energy storage systems for mission-critical applications across space, defense, drones, and data center infrastructure. Its core product, the KULR ONE platform, is a modular, cell-agnostic battery architecture with built-in thermal management and cell-level propagation resistance — preventing a single failing cell from triggering a chain reaction. KULR ONE variants target satellites and spacecraft, ruggedized military platforms, commercial drones and UAVs (KULR ONE Air), and AI data center and telecom battery backup units (KULR ONE Max). KULR sells directly to aerospace and defense prime contractors, including Lockheed Martin and Leidos, as well as to the U.S. Army and NASA. The company also offers battery design and testing services, though it is intentionally winding these down in favor of scalable product revenue. A secondary product line, KULR VIBE, reduces vibration in rotary systems like helicopters and drones. KULR's vertically integrated model — design through manufacturing — is all based in Webster, Texas, near NASA's Johnson Space Center, and management argues this allows development cycles as short as six weeks. Near-term growth is focused on drone batteries, targeting 50,000 packs per month by mid-2026, and on data center BBUs designed for next-generation AI server racks. KULR also holds a Bitcoin treasury of roughly 1,001 BTC as its primary treasury reserve asset, funded through equity issuances and leased mining equipment.

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