Form 8-K
8-K — KULR Technology Group, Inc.
Accession: 0001104659-26-077308
Filed: 2026-06-24
Period: 2026-06-24
CIK: 0001662684
SIC: 3670 (ELECTRONIC COMPONENTS & ACCESSORIES)
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
June 24, 2026
KULR
TECHNOLOGY GROUP, INC.
(Exact
name of the registrant as specified in its charter)
Delaware
001-40454
81-1004273
(State or other jurisdiction of
incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
555 Forge River Road, Suite 100, Webster,
Texas
77598
(Address of principal executive offices)
(Zip code)
Registrant’s telephone number, including
area code: (408) 663-5247
N/A
(Former name or address if changed since last
report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14A-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14D-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class:
Trading Symbol(s)
Name of each exchange
on which registered:
Common
Stock
KULR
NYSE
American LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).
Emerging growth company ¨
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 7.01
Regulation
FD Disclosure
On
June 24, 2026, KULR Technology Group, Inc. (the “Company” or “KULR”) issued a Letter to Shareholders from Michael
Mo, Co-Founder and Chief Executive Officer, outlining the Company’s strategic vision, platform development and business outlook,
and issued a press release regarding the Letter to Shareholders. A copy of the press release containing the Letter to Shareholders is
attached herewith as Exhibit 99.1.
By
filing this Current Report on Form 8-K and furnishing the information contained herein, the Company makes no admission as to the materiality
of any information in this report that is required to be disclosed solely by reason of Regulation FD.
By
filing this Current Report on Form 8-K and furnishing the information contained herein, the Company makes no admission as to the materiality
of any information in this report that is required to be disclosed solely by reason of Regulation FD. The Company uses, and will continue
to use, its website, press releases, and various social media channels, including its Twitter account (twitter.com/kulrtech), its LinkedIn
account (linkedin.com/company/kulr-technology-corporation), its Facebook account (facebook.com/KULRTechnology), its TikTok account (tiktok.com/Kulr_tech),
its Instagram account (instagram.com/Kulr_tech), and its YouTube account (youtube.com/channel/UC3wZBPINQd51N6p35Mo5uQg), as additional
means of disclosing public information to investors, the media and others interested in the Company. It is possible that certain information
that the Company posts on its website, disseminated in press releases and on social media could be deemed to be material information,
and the Company encourages investors, the media and others interested in the Company to review the business and financial information
that the Company posts on its website, disseminates in press releases and on the social media channels identified above, as such information
could be deemed to be material information.
The
information in this Item 7.01 disclosure, including Exhibit 99.1, is being furnished and shall not be deemed “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject
to the liabilities under that Section. In addition, the information in this Item 7.01 disclosure, including Exhibit 99.1, shall not be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended, or the Exchange
Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01
Financial Statements and
Exhibits
(d) Exhibits
The
following exhibits are being furnished as part of this Current Report on Form 8-K.
Exhibit
No.
Description
99.1
Press Release dated June 24, 2026.
104
Cover Page Interactive
Data File - The cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded
within the Inline XBRL document.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf of the undersigned hereunto
duly authorized.
KULR TECHNOLOGY GROUP, INC.
Date: June 24, 2026
By:
/s/ Michael Mo
Michael Mo
Chief Executive Officer
EX-99.1 — EXHIBIT 99.1
EX-99.1
Filename: tm2618665d1_ex99-1.htm · Sequence: 2
Exhibit
99.1
KULR
Technology Group Chairman and CEO Michael Mo Releases Shareholder Letter
HOUSTON
/ GLOBENEWSWIRE / June 24, 2026 / 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 applications, today published a letter
from the Company's Chairman and Chief Executive Officer, Michael Mo. The letter is available on the Company's investor relations page
and the full text of the letter is as follows:
KULR
TECHNOLOGY GROUP, INC.
Letter
to Shareholders
From
Michael Mo, CEO and Founder · June 2026
Dear
shareholders, customers, and partners,
I
want to step outside the cadence of quarterly reporting and share with you, in my own words, where KULR stands today, and where I believe
we are headed. We have reached a point where the company’s broader strategic vision is coming into focus, and I want to share that
vision with you directly.
Battery
Is Infrastructure
Let
me start with the idea everything else in this letter rests on: battery is infrastructure.
In
the digital era, artificial intelligence runs on infrastructure we can see — power lines, fiber, and data centers. With the physical
AI era now arriving, intelligence moves into machines that operate out in the world, and those machines depend on a different kind of
infrastructure. Every satellite, every drone, every robot, every rack of backup power for AI compute runs on a battery system. The battery
is not a component bolted onto physical AI; it is the energy foundation physical AI is built on.
There
is a specific reason the battery is the foundation, and it sits at the heart of how we are building KULR. The markets we serve —
autonomous platforms, directed-energy systems, and digital infrastructure — look unrelated on the surface, but they share one technical
constraint: power density. A drone, a robot, a satellite, a directed-energy system, a rack of AI backup power — none of them needs
a battery that simply stores energy. They need a battery that can deliver power: at five to twenty times the discharge rate of a standard
cell, sustained through repeated high-demand cycles, with the heat that output generates managed without failure. That is a categorically
harder problem than just energy storage, and it is the problem the KULR ONE platform was built to solve.
Power
is the wedge. It is why our platform wins design, and everything downstream — the customers, the programs, the revenue —
follows from solving it first. The constraint does not relax as physical AI scales; it tightens, with every system demanding more power,
in less space, more safely, generation after generation. The company that owns that layer — safe, dense, high-discharge power delivered
as a complete system — owns the infrastructure physical AI runs on. That is what we mean when we say battery is infrastructure:
not energy you store, but power you can trust, everywhere the grid does not reach.
That
is why our mission for 2026 is as direct as it sounds: build more batteries, and sell more batteries. It is not a slogan — it is
the work of laying the infrastructure layer for the systems that will define the next decade. On our last earnings call, I said 2026
would be measured by three things: product revenue growth, gross margin improvement, and cost discipline. That is the commitment, and
what we are accountable for delivering. Everything else in this letter is built on top of it.
The
first quarter showed real progress: revenue nearly doubled year-over-year, product sales grew sharply, gross margin expanded meaningfully,
and operating expenses came down even as revenue grew — the early signs of the operating leverage we promised. We will report the
quarter-by-quarter details on our earnings calls; this letter is about the strategy those numbers are building toward. One quarter does
not make a turnaround, but the direction is exactly what we said: build more batteries, sell more batteries, operate with discipline.
That is the foundation everything else is built on.
What
We Are Building On Top of the Foundation
As
we develop all the technology pieces for our KULR ONE platform, we are building the energy and power electrification platform for physical
AI — the autonomous, mobile, and intelligent systems that operate in the physical world.
Let
me explain what I mean by physical AI, because the term is common but its substance is often missed. The AI most investors have encountered
lives inside data centers — it runs on GPUs and draws power from the grid. Physical AI is the same intelligence — perception,
planning, reasoning — embedded inside systems that operate in the physical world: a satellite processing data in orbit, a robot
maintaining a space station, a drone flying an inspection route, a humanoid working in a warehouse, a counter-drone system responding
in milliseconds.
PHYSICAL
AI
The
same intelligence, embedded inside systems that operate in the physical world.
Autonomous drone inspection
Humanoid & warehouse robotics
Electric aircraft / eVTOL
Space systems in orbit
Every
one of these systems shares the same constraint. It must carry its own intelligence, because cloud latency makes remote inference impractical
and often unsafe. And it must carry its own energy, because there is no grid in the sky, in orbit, on the ocean, on a battlefield, or
on a robot floor. Physical AI is therefore defined by the convergence of three disciplines that have historically lived in separate industries:
artificial intelligence, energy storage, and power electronics. The companies that integrate across them will define the next decade
of physical infrastructure; the companies that operate inside only one will be commodities. This is the structural insight our platform
is built on. And the way we get there is to start with what I described: build more batteries, sell more batteries. Every pack we ship
is one more proof point that the platform works.
The
NVIDIA Lesson
NVIDIA
spent more than thirty years building the accelerated computing platform — graphics, then general-purpose parallel compute, then
CUDA as a software ecosystem developers could not easily leave — and then watched the world’s most important workload, artificial
intelligence, land on their architecture as if it had been designed for it all along. The platform was decades in the making; the payoff
arrived in a compressed window once the workload showed up. Two lessons sit inside that history, and both shape how we think about KULR.
The
first lesson is that platform companies reveal themselves one capability at a time, until the architecture that was always there becomes
visible to everyone else. For most of those thirty years, NVIDIA looked like a graphics-card company. It was, in fact, assembling the
substrate for modern AI. The second lesson is that platforms compound: each capability reinforces the others and makes the next one easier
to add. The value is not in any single component but in the integration — which is what competitors find hardest to replicate.
A company selling one component competes on price; a company with an integrated platform competes on architecture, and architecture is
durable.
Our
mission is to build KULR on a similar path, with one meaningful advantage NVIDIA’s own platform has now made possible — an
advantage they did not have at the start: artificial intelligence is now accelerating the rate at which platforms can be designed, simulated,
qualified, and brought to market. The same intelligence NVIDIA’s platform serves is what helps us iterate faster on cell chemistry
selection, thermal architecture, control software, power electronics integration and manufacturing design. What took NVIDIA decades,
I believe can compress meaningfully — not because the engineering is easier, but because the tools are categorically more powerful
than they were even five years ago. To be candid, we are early. What I am committing to is that we will build with the patient discipline
that defined the great platform companies, while taking full advantage of the accelerants that did not exist before — and let the
architecture reveal itself through what we ship.
KULR’s
Evolution
If
the NVIDIA lesson is about how a platform is built, there is a second lesson — about how a company evolves over time — and
the clearest example of it is SpaceX. I raise it because the company KULR is becoming is a natural evolution of the company we have been
building: not a pivot, but a progression.
A
little over two decades ago, SpaceX began with one hard problem: reaching orbit affordably. It solved that, then made launch reusable,
then used that foundation to build Starlink, a global connectivity platform — and today that same orbital infrastructure is being
positioned for the AI era, with disclosed plans for constellations of compute satellites in space. SpaceX turned one technology business
into the next; it compounded them. Each stage was built on the domain expertise of the one before it, and over roughly twenty-four years
a launch company became foundational infrastructure for the next era of computing.
KULR’s
arc rhymes with that, on our own scale and timeline. The hard problem at our core is older than the company itself: for nearly forty
years, the thermal management, carbon fiber, and safety engineering that keep high-energy systems from failing in the most unforgiving
environments have been proven in space, alongside NASA and on real space missions. KULR was founded about thirteen years ago to build
on that heritage — to carry four decades of space-proven thermal and safety engineering into new applications beyond space and
defense. That expertise was never the destination. It was the foundation, because the hard part of building a safe, high-power battery
is precisely the thermal and safety engineering that heritage gave us.
That
foundation became the KULR ONE battery platform we operate today. The next stage is the same evolution carried forward: from a battery
platform into a physical AI energy infrastructure platform — the company that supplies the safe, dense, high-power energy layer
that autonomous machines depend on, across every market physical AI is creating. The thermal expertise made the battery platform possible;
the battery platform makes the energy infrastructure platform possible. We are not changing what we are — we are growing into the
fuller expression of it.
The
Platform
Let
me describe what the platform actually consists of, because “platform” is easy to claim and harder to substantiate. At the
core is the KULR ONE battery architecture — cells and packs engineered for the power density I described, built for high discharge
and the thermal stability to sustain that output safely. It is, by design, battery-cell-agnostic: it pairs with whatever chemistry serves
the application best, so we can partner with every cell manufacturer and our customers always get the best technology for their needs.
As cell chemistry advances and commoditizes through its maturity cycle, the architecture that integrates those cells safely and reliably
captures more durable value.
Around
that core sit the capabilities that turn a battery into a system: our battery management systems and control electronics; NASA-grade
thermal management and passive propagation resistance — the safety engineering that lets a high-power pack operate next to people,
processors, or astronauts; and KULR VIBE, our vibration-mitigation technology for the rotors and rotating systems that airborne platforms
depend on. We are also beginning to build power electronics organically: the KULR ONE Charger, planned for 2026, will incorporate a power
supply unit of our own design — our first power conversion product engineered in-house.
Each
piece is useful on its own. Together they form the complete energy and power stack that an autonomous system needs. We are not assembling
a catalog of products; we are assembling an integrated platform where the battery, the management software and electronics, and the thermal
and safety engineering are designed to work as one.
And
we are building the capability to make it at scale. From our vertically integrated facility in Texas — which we are expanding with
new high-volume production lines — we are bringing battery assembly, certification, and high-performance component fabrication
in-house, so we can build, qualify, and ship faster and at lower cost. A platform is only as real as the factory behind it, and we are
building ours to be the one-stop shop the US market needs for high-power batteries.
We
bring this platform to five core end markets where physical AI is creating the largest infrastructure opportunities of the next decade.
The
Five End Markets
01
· SPACE & DEFENSE
Autonomous
systems
The
engineering reference standard — KULR ONE Space, qualified in low-Earth and geostationary orbit.
02
· LOW ALTITUDE ECONOMY
Drones
& UAS
Below
3,000 feet, toward roughly $210 billion by 2045.
03
· AI DATA CENTER BACKUP
Power
at the rack
Edge
inference, a roughly $255 billion market by 2030 — on the ground and in orbit.
04
· ENERGY AS A SERVICE
Power
delivered as a service
Guaranteed
uptime, not equipment — turning hardware sales into recurring revenue.
05
· ROBOTICS
Physical
AI on the ground
Toward
roughly $370 billion by 2040 — engaged with two humanoid customers; operations in Japan.
The
first is space and defense autonomous systems — the engineering reference standards for everything else we build. They operate
where battery failure is not recoverable, imposing certification, safety, and reliability requirements no commercial application can
match. Meeting that bar in our KULR ONE Space program is what gives our platforms credibility in every other market: customers in defense
drones, electric aviation, and AI data centers inherit a battery architecture qualified in low-Earth and geostationary orbits.
That
heritage is now extending into physical AI in orbit. Autonomous, free-flying space robots are embodied AI systems that must carry both
their own intelligence and their own energy in the most demanding environment that exists — and KULR ONE Space is being selected
to power them. Alongside continued satellite mission wins across low-Earth and geostationary orbit, these programs extend our space heritage
into a new class of mission. In the most recent quarter, additional low-Earth and geostationary programs selected KULR ONE Space, and
our space-qualified batteries remain in active deployment across multiple satellite missions.
The
second is the Low Altitude Economy — for a US audience, simply the drone and unmanned aerial systems economy: UAVs and drones operating
below 3,000 feet across logistics and last-mile delivery, agricultural and infrastructure inspection, public safety, and the fast-growing
fleet of defense and counter-drone platforms procured under NDAA-compliant mandates. Bank of America Global Research projects the global
low altitude economy growing toward roughly $210 billion by 2045, and the United States market is opening rapidly as domestic, NDAA-compliant
supply becomes a national priority. 2026 is the inflection year — when frameworks become revenue. Every one of these aircraft is,
at its core, a battery-powered flying computer, and our KULR ONE Air platform — with a dual-purpose architecture spanning traditional
rotorcraft and emerging electric aviation — positions us across this market. Execution here is the furthest along of any market
we serve: our high-power flight packs are already in production and broadening adoption, our rotorcraft and electric-aviation partnerships
extend the platform across traditional and emerging aircraft, and we recently won a prototype contract for a US defense drone program
— with manufacturing scaling toward thousands of packs per month to meet the demand. And the value of these batteries does not
end when their flight life does. A pack engineered for electric aviation retains meaningful useful life once its aviation service is
complete, and we are designing for it to begin a second life as stationary energy storage, delivering years of additional service on
the ground. One battery, two lives: a more sustainable and more capital-efficient model that turns what the industry treats as end-of-life
into the start of a second mission.
The
third is AI data center backup — an opportunity spanning two environments converging on the same need. On the ground, AI economics
are shifting decisively toward inference at the edge, in telecom facilities, commercial real estate, and distributed sites close to where
data is generated — which analysts expect to be the majority of a roughly $255 billion inference market by 2030 (MarketsandMarkets).
KULR ONE MAX is engineered for these deployments: high-power, propagation-resistant battery backup that installs at the rack, co-located
with compute, without the cooling and footprint of a hyperscale facility. In orbit, the same logic plays out on a larger scale: SpaceX’s
recent S-1 disclosed plans for up to one million orbital AI compute satellites targeting 100 gigawatts of capacity beginning in 2028
— and because orbital infrastructure cannot be serviced by technicians, it depends on autonomous space robotics for inspection,
repair, and assembly, the same systems KULR ONE Space is being selected to power. On the ground or in orbit, AI compute needs energy
engineered for power density, safety, and reliability, and KULR is positioned to power both. We are already executing: licensing our
propagation-resistant safety and thermal IP to data center OEMs, advancing a high-power backup platform purpose-built for the rack, and
holding a seat in the consortium defining next-generation data center power standards.
The
fourth is Energy as a Service — mission-critical power delivered as a managed service rather than sold as hardware. If battery
is infrastructure, this is how we deliver and monetize it: KULR provides the battery systems, safety architecture, monitoring, and lifecycle
management, and the operator pays for guaranteed power, not equipment — turning one-time hardware sales into multi-year recurring
revenue and moving backup power off the customer’s balance sheet. We are starting where the need is most acute, with telecom operators
migrating from lead-acid to lithium-ion — already moving from concept to engagement, with a growing set of operators evaluating
the model with us. But the model is not telecom-specific: the same logic of guaranteed uptime, delivered as a service, extends to commercial
real estate, data centers, and any infrastructure where downtime is not an option. It is the infrastructure-as-a-service layer of our
platform — the same shift that turned computing into a service, applied to power.
The
fifth is robotics — physical AI on the ground, and ultimately perhaps the largest opportunity of all. McKinsey projects the general-purpose
robotics market growing from under $1 billion in 2025 to roughly $370 billion by 2040; venture funding has tripled since 2023, governments
have declared embodied AI a strategic priority, and SoftBank called physical AI its next frontier in its $5.4 billion acquisition of
ABB’s robotics division — the capital and the conviction are arriving together. Every general-purpose robot faces the same
constraint as every other physical AI system: it must carry its own energy, deliver high burst power for dynamic motion, manage heat
in a compact enclosure, and stay safe around people and in a fall. The differentiator is not only the cell chemistry but the pack architecture,
thermal management, and operational safety wrapped around it — precisely the KULR ONE platform’s strength. Our work here
is already underway: through KULR ONE Air we are engaged with two humanoid robotics customers, our space programs already power robotics
in the most demanding environment that exists, and we are establishing operations in Japan, one of the world’s deepest robotics
ecosystems, to position KULR at the energy and safety layer where, as the supply chain matures, durable value will concentrate.
Why
Power, Compute, and Intelligence Will Integrate at the Edge
I
want to share one structural insight foundational to how investors should think about KULR’s place in the future of AI and physical
AI. We are not creating that future — it is driven by forces far larger than any one company — but we see clearly where it
is heading, and we are positioning KULR to align with this future. As edge AI matures, the relationship between the energy system and
the compute system is inverting, and the company that owns the power infrastructure is positioned to own substantially more than power.
Four
trends point in this direction. Edge inference silicon is shrinking fast — a Jetson Orin Nano delivers 40 trillion operations per
second at 15 watts, smaller than a deck of cards. Small language models are advancing toward distilled forms that run on hardware fitting
inside a battery enclosure. Agentic workloads — predictive maintenance, anomaly detection, energy optimization — operate
on exactly the current, voltage, temperature, and cycle data the battery management system already holds, making the BMS their natural
home. As compute becomes the smaller element, the rational configuration is compute inside the power system, not power beside it —
and the owner of the power infrastructure becomes the natural integration point for the compute, memory, and intelligence that run on
top of it.
There
is a larger architecture implied by all of this. The first era of AI was built on centralization — vast, power-hungry data centers
concentrating compute in a few places. Physical AI runs the other way: when intelligence has to live where the work happens — in
orbit, in the air, on the factory floor, at the edge of the network — energy and compute must be distributed there too. The future
of AI infrastructure is not only larger central data centers but a distributed fabric of energy-and-compute nodes across the physical
world. Each of our markets is a node in that fabric where distributed energy and distributed intelligence meet.
I
want to be measured about this. It is a structural direction over a multi-year horizon, it will be contested, and it will require KULR
to invest in capabilities adjacent to our platform — software, edge AI deployment, and partnerships with model and compute providers.
The decisions we are making — the battery-cell-agnostic architecture, the investment in battery management systems, the engineering
depth we are extending into Japan — are the decisions that position us at the integration point of the edge intelligence stack
as it emerges.
Taken
together, the markets this addresses are vast — edge AI inference, general-purpose robotics, the Low Altitude Economy, orbital
AI infrastructure, and energy services for critical infrastructure — served by a common platform, the integration of energy, compute,
and intelligence at the edge.
Looking
Forward
Over
the years ahead, we will reveal the platform one capability at a time. Each quarter will bring proof points — customer wins, program
advances, manufacturing milestones, partnership extensions, financial discipline — that together demonstrate the architecture we
are building. Some quarters will be lumpy, because foundational programs in physical AI are multi-phase and revenue does not always land
in the quarter a strategic position is secured. We will be clear about which milestones are foundational and which are revenue-generating.
We
will continue to invest in this platform, extend our partnerships, and expand our global footprint with conviction — and operate
with discipline, deploying your capital where it builds the most enduring positions. The opportunity, as I see it, is to build the platform
the autonomous and intelligent systems of the next decade will depend on — because battery is infrastructure, and that infrastructure
is ours to build. The way we get there is by doing exactly what we said we would in 2026: build more batteries, and sell more batteries.
Thank
you for the trust you have placed in KULR. I am honored to do this work on your behalf, alongside a team that shows up every day to earn
it.
Sincerely,
Michael
Mo
Chief
Executive Officer and Founder
KULR
Technology Group, Inc.
Market
Data Sources
·
General-purpose robotics (~$370B by 2040, from <$1B in 2025): McKinsey & Company, “Will embodied AI create robotic
coworkers?” (June 2025).
·
Low Altitude Economy (~$210B by 2045): Bank of America Institute / BofA Global Research, “The ‘low-altitude’
economy is taking off” (June 2025).
·
AI inference market (~$255B by 2030): MarketsandMarkets, AI Inference Market (2025).
·
Orbital AI compute satellites (up to ~1 million, ~100 GW from 2028): SpaceX, Form S-1 registration statement filed with the U.S.
Securities and Exchange Commission (2026).
Forward-Looking
Statements
This
letter contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Forward-looking statements may be identified by words such as “believe,” “expect,” “intend,”
“plan,” “will,” “should,” “could,” “may,” “anticipate,” “project,”
“target,” “on a [year] horizon,” and similar expressions.
These
statements include, but are not limited to, statements regarding the Company’s strategic direction, market opportunities, platform
development, partnerships, supply chain, geographic expansion, anticipated benefits of strategic partnerships, anticipated benefits of
expansion into Japan, anticipated growth in addressable markets including space and defense, AI inference, AI data center infrastructure,
orbital AI infrastructure, the Low Altitude Economy, general-purpose and humanoid robotics, and Energy as a Service for critical infrastructure,
anticipated technology roadmap, expected timing of manufacturing capacity expansion and consolidation activities, anticipated future
integration of compute, memory, and agentic intelligence with the Company’s power platform, and the Company’s overall business
outlook.
Forward-looking
statements are based on management’s current expectations and assumptions and are subject to known and unknown risks, uncertainties,
and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by
the forward-looking statements. Factors that could cause actual results to differ include, but are not limited to: risks related to the
Company’s reliance on third parties; risks related to the closing and execution of strategic partnerships and customer agreements;
market acceptance and adoption of the Company’s products and services; risks related to the development and certification of new
products and platforms; competition; supply chain, geopolitical, and regulatory risks; the timing and execution of manufacturing capacity
expansion; risks related to the development of edge AI compute integration and adjacent capabilities; and the other risk factors described
in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and
Quarterly Report on Form 10-Q.
The
Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date
of this letter, except as required by law. Statements concerning third parties, including SpaceX, NVIDIA, Bank of America Global Research,
McKinsey & Company, and industry market sizing, are based on publicly available information and are referenced for context. The Company
makes no representation as to the accuracy or completeness of such third-party statements.
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 applications. Learn more at KULR.ai.
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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.
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Jun. 24, 2026
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KULR
TECHNOLOGY GROUP, INC.
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DE
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