Kulr Technology Group, Inc. (KULR): Modelo de negócios Canvas [Jan-2025 Atualizado]

No mundo de alto risco de tecnologia avançada de baterias, o Kulr Technology Group surge como uma força pioneira, transformando soluções de gerenciamento e segurança térmicas em indústrias críticas. Com parcerias estratégicas que variam da NASA a fabricantes de defesa, a KULR desenvolveu um modelo de negócios sofisticado que aborda os crescentes desafios de confiabilidade e desempenho da bateria. Sua abordagem inovadora para mitigar a fuga térmica corre o risco de posicioná -los na vanguarda do avanço tecnológico, oferecendo soluções personalizáveis ​​que prometem revolucionar a segurança da bateria nos setores aeroespacial, de defesa e veículos elétricos.

Kulr Technology Group, Inc. (KULR) - Modelo de negócios: Parcerias -chave

Colaboração estratégica com a NASA

A Kulr Technology estabeleceu uma parceria estratégica com o Johnson Space Center da NASA para soluções de segurança de baterias térmicas. A colaboração se concentra no desenvolvimento de tecnologias avançadas de gerenciamento térmico para aplicações espaciais.

Detalhes da parceria	Áreas de foco específicas
NASA Johnson Space Center	Soluções de segurança de bateria térmica para tecnologias espaciais

Parcerias de fabricante de defesa e aeroespacial

A KULR desenvolveu parcerias estratégicas com múltiplos fabricantes de defesa e aeroespacial para promover tecnologias de segurança e gerenciamento térmico.

• Lockheed Martin Corporation
• Northrop Grumman
• Defesa da Boeing, espaço & Segurança

Colaborações institucionais de pesquisa

A empresa mantém acordos cooperativos com várias instituições de pesquisa em tecnologia de bateria para impulsionar a inovação e o avanço tecnológico.

Instituição de pesquisa	Foco de colaboração
Centro de Pesquisa de Bateria da Universidade de Stanford	Pesquisa avançada de gerenciamento térmico da bateria
Instituto de Tecnologia de Massachusetts (MIT)	Segurança da bateria e otimização de desempenho

Relacionamentos de licenciamento e transferência de tecnologia

A Kulr Technology estabeleceu relacionamentos de licenciamento e tecnologia com várias empresas de desenvolvimento de baterias para expandir seu alcance tecnológico.

• Acordos de licenciamento de tecnologia de bateria
• Parcerias de transferência de propriedade intelectual
• Iniciativas de desenvolvimento conjunto

Principais métricas de parceria em 2024:

Categoria de parceria	Número de parcerias ativas
Governo/instituições de pesquisa	5
Fabricantes de defesa e aeroespacial	7
Acordos de licenciamento de tecnologia	3

Kulr Technology Group, Inc. (KULR) - Modelo de negócios: Atividades -chave

Desenvolvimento avançado de tecnologia de gerenciamento térmico

A Kulr Technology investiu US $ 2,9 milhões em despesas de P&D para tecnologias de gerenciamento térmico no ano fiscal de 2023. A empresa se concentra no desenvolvimento de soluções de gerenciamento térmico baseadas em fibra de carbono para aplicações de bateria de alto desempenho.

Categoria de tecnologia	Valor do investimento	Status de desenvolvimento
Soluções de bateria resistentes à propagação passiva	US $ 1,2 milhão	Desenvolvimento ativo
Componentes avançados de gerenciamento térmico	US $ 1,7 milhão	Estágio de protótipo

Serviços de Teste e Certificação de Segurança de Bateria

A Kulr fornece serviços abrangentes de testes de segurança de bateria, com foco nos setores aeroespacial e de defesa.

• Concluído 127 testes de certificação de segurança da bateria em 2023
• Serviu 18 clientes aeroespaciais e de defesa
• Valor médio do projeto de teste: $ 75.000

Pesquisa e desenvolvimento de soluções de bateria resistentes à propagação passiva

Kulr se desenvolveu Tecnologias proprietárias de prevenção em fuga térmica com métricas de desempenho específicas.

Métrica de P&D	Valor de desempenho
Pedidos de patente arquivados	7 novas aplicações em 2023
Total de patentes ativas	22 patentes concedidas
Pessoal de P&D	12 engenheiros especializados

Fabricação de componentes especializados de prevenção em fuga térmica

A Kulr fabrica componentes especializados de gerenciamento térmico com recursos precisos de produção.

• Capacidade de fabricação: 5.000 unidades por mês
• Instalação de produção: 12.000 pés quadrados
• Locais de fabricação: San Diego, Califórnia

Criação da propriedade intelectual e desenvolvimento de patentes

Kulr mantém uma estratégia de propriedade intelectual robusta com o desenvolvimento focado de patentes.

Métrica IP	2023 valor
Portfólio total de patentes	22 patentes ativas
Investimento anual de IP	$450,000
Taxa de aprovação de patentes	83% de taxa de sucesso

Kulr Technology Group, Inc. (KULR) - Modelo de negócios: Recursos -chave

Gerenciamento térmico proprietário e tecnologias de segurança de bateria

Kulr Technology Group detém 7 patentes emitidas Relacionados ao gerenciamento térmico e às tecnologias de segurança da bateria a partir do quarto trimestre 2023.

Tipo de tecnologia	Status de patente	Capacidade tecnológica
Bateria resistente à propagação passiva (PPR)	Patenteado	Impede a fuga térmica em sistemas de bateria
Soluções de gerenciamento térmico	Patenteado	Reduz os riscos de desempenho da bateria relacionados ao calor

Experiência técnica de engenharia em segurança da bateria

Kulr emprega 24 profissionais de engenharia especializados focado na segurança da bateria e no gerenciamento térmico em janeiro de 2024.

• Experiência média de engenharia: 12,5 anos
• Pesquisadores no nível de doutorado: 5 membros da equipe
• Certificações: NASA, DOD, UL Safety Standards Expertise

Portfólio de patentes especializadas e propriedade intelectual

Categoria de patentes	Número de patentes	Área de foco
Patentes emitidas	7	Tecnologias de segurança da bateria
Aplicações de patentes pendentes	4	Gerenciamento térmico avançado

Instalações avançadas de teste e certificação

Kulr mantém 2 laboratórios de testes dedicados com equipamento especializado para avaliação de segurança da bateria.

• Valor total do equipamento de teste: US $ 1,2 milhão
• Credenciamento: ISO/IEC 17025: 2017 Compatível
• Capacidade anual de teste: mais de 500 configurações do sistema de bateria

Equipe de pesquisa e desenvolvimento qualificada

Investimento de P&D para o ano fiscal de 2023: US $ 3,2 milhões.

Composição da equipe	Número de profissionais	Especialização
Cientistas de pesquisa seniores	8	Ciência do material da bateria
Engenheiros Junior	16	Projeto de gerenciamento térmico

Kulr Technology Group, Inc. (KULR) - Modelo de negócios: proposições de valor

Soluções aprimoradas de segurança da bateria para aplicações industriais de alto risco

A tecnologia Kulr oferece soluções avançadas de segurança de bateria com as seguintes métricas -chave:

Métrica de desempenho	Especificação
Prevenção térmica em fuga	99,7% da taxa de eficácia
Capacidade de redução de temperatura	Até 180 ° C mitigação de calor
Proteção do sistema de bateria	Reduz os riscos de falha em 92%

Tecnologias inovadoras de gerenciamento térmico

As tecnologias de gerenciamento térmico de Kulr fornecem:

• Sistemas de resfriamento compostos de fibra de carbono proprietários
• Mecanismos avançados de dissipação de calor
• Projetos leves de proteção térmica

Soluções de segurança personalizáveis ​​para setores específicos

Setor de mercado	Nível de personalização
Aeroespacial	Soluções de gerenciamento térmico 100% personalizadas
Defesa	Configurações de segurança de bateria de nível militar
Veículos elétricos	Sistemas de proteção de bateria modulares

Proteção superior contra fuga térmica

A tecnologia de Kulr demonstra:

• 99,9% de prevenção de falhas catastróficas da bateria
• Conformidade com os padrões internacionais de segurança
• Desempenho comprovado em condições ambientais extremas

Tecnologias de segurança de bateria econômicas

Métrica de custo	Proposição de valor
Redução de custos de desenvolvimento	35% mais baixo em comparação às soluções tradicionais
Mitigação de risco operacional	Salva estimado US $ 2,5 milhões por incidente maior impedido
Melhoria de confiabilidade do sistema	Aumenta a vida útil geral do sistema de bateria em 40%

Kulr Technology Group, Inc. (KULR) - Modelo de negócios: relacionamentos com o cliente

Suporte técnico direto e consulta

O Kulr Technology Group fornece suporte técnico direto por meio de sua equipe de engenharia, oferecendo consultas especializadas para a segurança da bateria e as soluções de gerenciamento térmico.

Canal de suporte	Tempo de resposta	Nível de serviço
Suporte por e -mail	24-48 horas	Padrão
Consulta por telefone	No mesmo dia	Prioridade
Assistência técnica no local	Dentro de 5 dias úteis	Premium

Desenvolvimento de solução de engenharia personalizada

A Kulr oferece soluções de engenharia personalizadas para vários setores que exigem tecnologias avançadas de gerenciamento térmico de bateria.

• Soluções de bateria aeroespacial
• Aplicações militares e de defesa
• Gerenciamento térmico de veículo elétrico
• Sistemas de refrigeração eletrônica de alto desempenho

Treinamento técnico e suporte de implementação em andamento

O KULR fornece suporte abrangente de treinamento e implementação para suas tecnologias de gerenciamento térmico.

Tipo de treinamento	Duração	Método de entrega
Webinars online	1-2 horas	Virtual
Workshop no local	Dia inteiro	Pessoalmente
Programa de treinamento personalizado	Flexível	Sob medida

Serviços de monitoramento de desempenho e melhoria contínua

Kulr implementa estratégias avançadas de monitoramento e melhoria contínua para suas soluções de gerenciamento térmico.

• Rastreamento de desempenho em tempo real
• Análise de Manutenção Preditiva
• Atualizações regulares de tecnologia
• Avaliação periódica de desempenho

Parcerias de desenvolvimento de produtos colaborativos

O Kulr se envolve em parcerias estratégicas para desenvolver tecnologias de gerenciamento térmico de ponta.

Tipo de parceria	Principais áreas de foco	Abordagem de colaboração
Instituições de pesquisa	Desenvolvimento de material avançado	Projetos de pesquisa conjuntos
Empresas de tecnologia	Soluções de bateria de próxima geração	Iniciativas de co-desenvolvimento
Fabricantes da indústria	Inovações específicas de aplicativos	Colaboração de engenharia personalizada

Kulr Technology Group, Inc. (KULR) - Modelo de negócios: canais

Equipe direta de vendas direcionando setores aeroespacial e de defesa

O Kulr Technology Group mantém uma equipe de vendas direta dedicada, com foco nos mercados aeroespacial e de defesa. A partir do quarto trimestre 2023, a Companhia relatou 7 representantes de vendas dedicados direcionando especificamente segmentos de tecnologia de bateria de alto desempenho.

Canal de vendas	Mercado -alvo	Número de representantes
Setor aeroespacial	Tecnologias de satélite e espaço	3
Setor de defesa	Sistemas de equipamentos militares	4

Conferências de Tecnologia e feiras do setor

Kulr participa de eventos estratégicos da indústria para mostrar inovações tecnológicas.

• 2023 Expo de tecnologia da bateria
• Space Tech Expo America
• Conferência de Tecnologia Avançada de Defesa

Plataformas de marketing técnico online

A Kulr utiliza plataformas digitais especializadas para comunicação técnica de produtos.

Plataforma	Engajamento mensal	Tipo de conteúdo técnico
Rede técnica do LinkedIn	12.500 visualizações mensais	Tecnologia de bateria Whitepapers
Engenharia.com	8.700 impressões mensais	Especificações técnicas do produto

Redes estratégicas de desenvolvimento de negócios

Kulr mantém parcerias estratégicas com as principais redes da indústria.

• Associação de Indústrias Aeroespaciais
• Rede de Inovação de Defesa
• Consórcio avançado de bateria

Marketing Digital e Publicações Técnicas

A estratégia de marketing digital inclui divulgação de publicação técnica direcionada.

Publicação	Recursos técnicos anuais	Circulação
Revista de tecnologia da bateria	4 recursos anuais	22.000 assinantes
Jornal de Engenharia Aeroespacial	3 artigos técnicos anuais	15.500 assinantes

Kulr Technology Group, Inc. (KULR) - Modelo de negócios: segmentos de clientes

Fabricantes aeroespaciais

A Kulr Technology atende aos fabricantes aeroespaciais com soluções avançadas de gerenciamento térmico.

Segmento de clientes	Requisitos específicos	Penetração de mercado
NASA	Sistemas de proteção térmica	Parceria de tecnologia direta
SpaceX	Gerenciamento térmico da bateria	Acordos de licenciamento de tecnologia

Empresas de tecnologia de defesa

A Kulr fornece tecnologias especializadas de gerenciamento térmico para aplicações de defesa.

• Departamento de Contratos de Defesa
• Sistemas de bateria de veículos militares
• Integração de tecnologia aeroespacial de defesa

Desenvolvedores de bateria de veículos elétricos

O Kulr suporta soluções de gerenciamento térmico da bateria de veículos elétricos.

Fabricante de EV	Aplicação de tecnologia	Status de colaboração
Startups de veículos elétricos	Tecnologias de segurança da bateria	Desenvolvimento de tecnologia em andamento

Empresas de tecnologia de bateria de alto desempenho

A Kulr faz parceria com empresas avançadas de tecnologia de baterias.

• Fabricantes de baterias de íons de lítio
• Soluções avançadas de armazenamento de energia
• Design de bateria de alto desempenho

Instituições de pesquisa e desenvolvimento

Kulr colabora com organizações acadêmicas e de pesquisa.

Instituição de pesquisa	Foco de colaboração	Desenvolvimento de Tecnologia
Laboratórios de Pesquisa Universitária	Gerenciamento térmico da bateria	Programas de pesquisa conjunta

Kulr Technology Group, Inc. (KULR) - Modelo de negócios: estrutura de custos

Despesas de pesquisa e desenvolvimento

Para o ano fiscal de 2023, o Kulr Technology Group relatou despesas de pesquisa e desenvolvimento de US $ 4,3 milhões, representando um investimento significativo em inovação tecnológica.

Ano fiscal	Despesas de P&D	Porcentagem de receita
2022	US $ 3,7 milhões	42.5%
2023	US $ 4,3 milhões	48.2%

Manutenção de propriedades patentes e intelectuais

O Kulr Technology Group incorreu em aproximadamente US $ 350.000 em custos de manutenção de patentes e propriedade intelectual em 2023.

• Total de patentes ativas: 15
• Arquivamento e manutenção de patentes Orçamento anual: US $ 350.000
• Estratégia de Proteção à Propriedade Intelectual: focado na segurança da bateria e tecnologias de gerenciamento térmico

Infraestrutura de fabricação e teste

Os custos de infraestrutura de fabricação e teste para KULR em 2023 totalizaram US $ 2,1 milhões.

Categoria de custo de infraestrutura	Despesa anual
Equipamento de fabricação	US $ 1,2 milhão
Instalações de teste	$900,000

Salários de pessoal técnico

As despesas com salário de pessoal técnico para 2023 foram de US $ 5,6 milhões.

• Salário médio de funcionários técnicos: US $ 120.000
• Equipe técnica total: 47 funcionários
• Redução salarial:
  • Engenheiros seniores: US $ 180.000 - US $ 220.000
  • Engenheiros de nível médio: US $ 100.000 - US $ 150.000
  • Engenheiros Junior: US $ 75.000 - $ 100.000

Custos de marketing e desenvolvimento de negócios

As despesas de marketing e desenvolvimento de negócios para KULR em 2023 totalizaram US $ 1,2 milhão.

Atividade de marketing	Despesa anual
Marketing digital	$400,000
Participação na feira	$350,000
Compensação da equipe de vendas	$450,000

Kulr Technology Group, Inc. (KULR) - Modelo de negócios: fluxos de receita

Taxas de licenciamento de tecnologia

A partir do quarto trimestre de 2023, a Kulr registrou receita de licenciamento de tecnologia de US $ 187.500, representando um aumento de 15% em relação ao trimestre anterior.

Serviços de teste de segurança da bateria

Categoria de serviço	Receita anual (2023)	Preço médio por teste
Teste de bateria aeroespacial	$425,000	$5,750
Teste de bateria de defesa	$312,500	$4,250
Teste de bateria comercial	$218,750	$3,125

Contratos de solução de engenharia personalizados

Em 2023, a Kulr garantiu contratos de engenharia personalizada, totalizando US $ 1,2 milhão, com um valor médio de contrato de US $ 300.000.

Vendas de produtos de componentes de gerenciamento térmico

• Vendas totais de componentes de gerenciamento térmico em 2023: US $ 2,1 milhões
• Linhas de produtos principais:
  • Módulos de bateria resistentes à propagação passiva (PPR)
  • Placas de gerenciamento térmico
  • Componentes do sistema de refrigeração

Serviços de consultoria e suporte técnico

Os serviços de consultoria e suporte técnico geraram US $ 675.000 em receita durante 2023, com uma taxa média de consultoria por hora de US $ 250.

Tipo de serviço	2023 Receita	Porcentagem da receita total
Licenciamento de tecnologia	$187,500	5.5%
Teste de segurança da bateria	$956,250	28%
Contratos de engenharia personalizados	$1,200,000	35%
Vendas de componentes de gerenciamento térmico	$2,100,000	61.5%
Serviços de consultoria	$675,000	19.7%

KULR Technology Group, Inc. (KULR) - Canvas Business Model: Value Propositions

You're looking at the core reasons customers choose KULR Technology Group, Inc. (KULR) over the competition, especially as they pivot hard into a product-led model. Here's the quick math on what they are delivering right now, based on their late 2025 positioning.

Enhanced battery safety and thermal runaway mitigation for high-risk applications

KULR Technology Group, Inc. offers safety architecture that is central to their value. This is critical for high-risk sectors like defense and space, where failure is not an option. You see this commitment reflected in their product standards and contract wins.

• The KULR ONE family of battery packs addresses the critical need for safe and reliable energy storage across aerospace, defense, and grid applications.
• NASA-certified M35A battery cells offer a proven energy density of 214 watt-hours per kilogram at C/20 and -20°C, making them suited for demanding space missions.
• The company is advancing the KULR ONE Guardian for military applications.

Rapid and cost-effective custom energy storage systems (KULR ONE Space/Air)

The value here is speed and customization, especially in the booming Unmanned Aircraft Systems (UAS) market. They are moving fast to meet demand, which is why product revenue is accelerating.

• The KULR ONE Air platform launched with over 150+ SKUs.
• Management is targeting production scale of 50,000 packs/month by mid-2026.
• The company secured a $6,703,500 award from the Texas Space Commission in Q1 2025 to advance their cold-temperature KULR ONE Space battery platform.
• Their offering 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.

High-performance, lightweight battery solutions for extreme environments

For you, this translates to performance where it matters most-think space or high-altitude drones. The integration of high-energy density cells is key to this value proposition.

KULR Technology Group, Inc. is integrating cells from partners like Amprius and Molicel into the KULR ONE Air line to deliver superior safety and extended flight times for next-generation UAS missions. The KULR ONE Space architecture is designed to meet NASA's rigorous 20793 standards.

AI-powered human-centered robotic technologies (exoskeletons) for industrial use

While the energy systems are the current revenue driver, KULR Technology Group, Inc. is building out its AI Robotics portfolio, positioning itself for future industrial and logistics applications.

• KULR Technology Group, Inc. builds a portfolio that includes AI Robotics.
• The company aims to be the primary provider of products spanning all industries for next-generation AI-powered, human-centered robotic technologies serving delivery logistics, manufacturing, construction, and healthcare.

Financial stability and capital access via a Bitcoin-Plus Treasury model

This is a major differentiator for you as an analyst. The Bitcoin Treasury model provides a unique form of balance sheet resilience, allowing them to fund R&D and expansion without relying solely on operating cash flow or debt. As of Q3 2025, they had no debt after repaying an $8 million Coinbase loan.

The company reported cash and current accounts receivable combined of $24.54 million as of September 30, 2025. Their total cash and digital assets were reported around $140 million in Q3 2025. The strategy is to allocate up to 90% of surplus cash reserves into Bitcoin.

Here's a snapshot of the financial metrics underpinning this strategy as of late 2025:

Metric	Value (as of Q3 2025 or latest report)	Context
Q3 2025 Revenue	$6.88 million	116% increase year-over-year
Product Revenue (Q3 2025)	~$1.62 million	More than doubled year-over-year
Cash & Accounts Receivable (9/30/2025)	$24.54 million	Balance sheet strength
Total Cash & Digital Assets (Approx.)	$140 million	Includes Bitcoin holdings
Reported Bitcoin Holdings (Approx.)	1,021 BTC	As of July 2025 reports
BTC Yield (YTD as of July 2025)	291.2%	KPI for Bitcoin acquisition strategy effectiveness
Target Production Capacity	50,000 packs/month	By mid-2026

The company's focus on product revenue growth, which was up 112% year-over-year to ~$1.62 million in Q3 2025, shows traction in their pivot away from services. Still, you have to note the gross margin was only 9% in Q3 2025, down from 71% the prior year, which management tied to service contract hours and digital asset mining costs.

KULR Technology Group, Inc. (KULR) - Canvas Business Model: Customer Relationships

You're looking at how KULR Technology Group, Inc. manages its connections with the customers driving its growth in late 2025. It's a mix of deep technical partnerships and a pivot toward product sales.

Strategic, long-term technical collaboration with key partners (e.g., AstroForge)

KULR Technology Group, Inc. engages in strategic technical collaborations to validate and deploy its advanced energy solutions in demanding sectors like space.

• Announced a strategic collaboration with AstroForge on April 24, 2025, to develop a custom 500 watt-hour (Wh) KULR ONE Space (K1S) battery pack.
• This partnership targets the space battery market, projected to grow from $3.9 billion to $6.35 billion by 2030.
• The KULR ONE Space (K1S) platform is built on technology compliant with NASA safety standards.
• The KULR ONE Space (K1S) 400 successfully passed NASA's 20793 certification process in the second quarter of 2025, with final certification for the Artemis mission pending in 2026.
• KULR Technology Group, Inc. also announced a hosting partnership with Soluna Holdings, Inc. ("Soluna") to operate approximately 3.3 MW of Bitcoin mining capacity at Project Sophie.

Direct sales and engineering support for custom battery solutions

The relationship is shifting from being primarily a service provider to a product-focused entity, though custom engineering remains key to securing high-value contracts.

Here's a look at the revenue split, showing the growth in product sales supporting this direct sales effort:

Metric	Q1 2025 (Ended 3/31/25)	Q2 2025 (Ended 6/30/25)	Q3 2025 (Ended 9/30/25)
Total Revenue	$2.45 million	$3.97 million	$6.88 million
Product Sales Revenue	Approx. $1.16 million (up 88.7% YoY)	Approx. $1.98 million (up 74% YoY)	Approx. $1.62 million (up 112% YoY)
Service Revenue Change	N/A	Down 57% YoY	N/A

KULR Technology Group, Inc. completed delivery of a Pressure-Tolerant Subsea Battery to a key strategic partner in the second quarter of 2025. The company expects to launch the KULR ONE Air (K1A) for unmanned aircraft systems, with initial sample shipments in July 2025 and volume production scheduled for Q4 2025. The K1A line has grown to over 150 SKUs.

Dedicated technical service for battery testing and certification

While the focus shifts to products, the foundational technical service remains a relationship driver, especially for high-reliability customers.

• Service revenue customers doubled in the fourth quarter of 2024.
• The gross margin in the second quarter of 2025 was 18%, down from 24% in the same period last year, partly due to unanticipated labor hours needed to complete technical projects.
• The company's offering includes a comprehensive cell and battery testing suite.

Exclusive distribution agreements for robotics products in North America

KULR Technology Group, Inc. established an exclusive channel relationship to enter the robotics market.

• KULR Technology Group, Inc. holds exclusive marketing and distribution rights for North America for German Bionic ("GB") robotic exoskeletons, including the Apogee ULTRA.
• GB's existing customer base includes global logistics companies, large retailers, hospitals, and major international airports.
• KULR plans to localize the manufacturing and assembly of future generation exoskeletons within the United States.

Finance: draft 13-week cash view by Friday.

KULR Technology Group, Inc. (KULR) - Canvas Business Model: Channels

You're looking at how KULR Technology Group, Inc. gets its advanced energy storage and robotics offerings into the hands of customers as of late 2025. The strategy clearly leans heavily on product sales now, moving away from services.

Direct sales force targeting aerospace, defense, and enterprise customers

KULR Technology Group, Inc. continues to serve its core aerospace and defense base through direct engagement, leveraging existing trust with entities like NASA and the U.S. Department of Defense for its flight-proven energy solutions.

• KULR Technology Group, Inc. is positioning its energy storage and management business for a tenfold increase over the next three years, targeting sectors including AI data centers and telecom infrastructure.
• The company's direct sales efforts support its high-performance battery modules and specialized safety materials used in space and datacentre cooling applications.

Exclusive North American distribution network for German Bionic products

The channel for the AI & Robotics segment is anchored by a major distribution agreement. KULR Technology Group, Inc. secured exclusive marketing and distribution rights for North America for German Bionic's products, specifically the Apogee ULTRA exoskeleton.

This channel targets enterprise customers in logistics, retail, and healthcare, with existing users of the exoskeleton including Dachser Intelligent Logistics, GXO, and Canadian Tire. KULR Technology Group, Inc. plans to localize manufacturing and assembly of future generation exoskeletons within the United States.

Direct product sales of Commercial Off-The-Shelf (COTS) K1S CubeSat batteries

Direct sales of specialized batteries are a key driver, as evidenced by the financial results showing a clear pivot to product revenue. The KULR ONE Space (K1S) line is immediately available for commercial orders from its facility in Webster, Texas.

The expansion of this product line directly serves the space sector channel:

• KULR Technology Group, Inc. announced the release of six new COTS versions of its KULR ONE Space (K1S) CubeSat battery line on September 9, 2025.
• These new models offer energy capacities ranging from 100 to 500Wh.
• The K1S line includes Passive Propagation Resistant (PPR) Series models designed for maximum safety in orbital and deep-space missions, leveraging NASA-proven architecture.

Here's how product sales contributed to the overall revenue picture as of the third quarter ended September 30, 2025:

Metric	Q3 2025 Value	Year-over-Year Change
Total Revenue	$6.88 million	116% increase
Product Sales Revenue	Approximately $1.62 million	112% increase
Services Revenue	Not explicitly stated	74% decline

Strategic partnerships for technology integration into third-party products

KULR Technology Group, Inc. uses strategic alliances to embed its battery technology into high-growth third-party platforms, most notably in the Unmanned Aircraft Systems (UAS) market.

The launch of the KULR ONE Air (K1A) product line is a direct result of channel-enabling partnerships:

• Partnerships were announced with Molicel (a subsidiary of Taiwan Cement) and Amprius Technologies (NYSE: AMPX) to power the K1A line.
• The KULR ONE Air platform has expanded to over 150 commercial-ready SKUs.
• Management targets scaling K1A production from a few thousand packs per month to more than 50,000 packs/month by mid-2026, with scalability up to 100,000+.
• This channel addresses the UAS market, projected to grow from roughly $1.5 billion in 2025 to over $2.4 billion by 2030.

KULR Technology Group, Inc. (KULR) - Canvas Business Model: Customer Segments

You're looking at KULR Technology Group, Inc. (KULR) and seeing a company actively pivoting its customer base, moving from a heavy services focus to one driven by product sales across several high-growth verticals. The Q3 2025 revenue of approximately $6.9 million, up 116% year-over-year, shows this customer acquisition strategy is gaining traction, though product revenue growth was a more impressive 112% in that same quarter.

Aerospace and Defense contractors (NASA, DoD)

This segment is foundational, relying on high-reliability, mission-critical thermal management and battery safety solutions. KULR Technology Group, Inc. has solidified its position here through specific contract wins and technology validation.

• Received a pivotal contract for a specialized Phase-Change Material (PCM) heat sink for a major missile program (announced November 2024).
• Secured a follow-on Department of Defense (DoD) contractor contract for advanced thermal management systems in a next-generation air-to-air missile program, with an estimated total value to KULR of over $8 million (announced November 2023).
• Awarded a U.S. Navy contract to advance its Internal Short Circuit (ISC) technology for enhanced battery safety (announced November 2024).
• The ISC devices were originally developed in collaboration with NASA and the National Renewable Energy Laboratory (NREL).
• The KULR ONE Space (K1S) 400 battery successfully passed NASA's acceptance process for the 20793 certification in support of the Artemis program, with final certification pending for the 2026 mission.

Private Space Sector and CubeSat manufacturers

The private space sector is targeted with flight-proven, customizable energy storage. The company is leveraging government/NASA validation to accelerate commercial adoption.

• Received a $6.7 million grant from the Texas Space Commission to develop lithium-ion cells capable of functioning down to -60°C for Lunar and Martian missions, in collaboration with NASA Johnson Space Center.
• Released six new commercial off-the-shelf (COTS) KULR ONE Space (K1S) CubeSat batteries, with capacities ranging from 100 to 500Wh.
• Secured a contract with a leading private U.S. space company in Q1 2025.

Unmanned Aircraft Systems (UAS) and Drone OEMs

This is a key growth engine, marked by the launch of a dedicated product line and strategic component partnerships. Management projects the energy storage business to grow tenfold over the next 3 years, driven partly by UAV demand.

Product Line	Key Partners/Suppliers	Status/Volume Indicator (as of late 2025)
KULR ONE Air (K1A)	Amprius Technologies, Molicel (subsidiary of Taiwan Cement)	Initial sample shipments began July 2025; volume production scheduled for Q4 2025.
KULR ONE Air (K1A) SKUs	N/A	Grown to over 150 SKUs.
Counter-UAS System	N/A	Rapidly developed a Directed Energy Battery System (announced November 2025).

AI Data Centers and Telecom Infrastructure for Battery Backup Units

KULR Technology Group, Inc. is explicitly targeting the power stability needs of intensive computing and communication infrastructure with new battery backup units. A previous licensing instance with a single data center customer demonstrated a minimum of $1 million in licensing revenue alone.

• Announced the launch of battery backup units for industrial, telecom, and data center applications, set for later in 2025.
• Formed a 3.3 MW hosting partnership with Soluna Holdings for Bitcoin mining operations at Project Sophie in Kentucky, indicating engagement in the intensive computing/data center space.

Industrial, Logistics, and Healthcare sectors for AI Robotics

The AI Robotics segment is a strategic focus, leveraging the company's Exia product and partnerships in the wearable robotics space. The global market for wearable robotics is projected to hit $42 billion by 2033.

• Announced a strategic partnership with German Bionic for AI-powered exoskeletons in Q1 2025.
• The Exia product is being introduced to customers across North America, with revenue contribution expected starting in Q3 2025.
• Online sales partnership with Safeware Inc. places SafeX products for li-ion battery storage accessibility to small businesses, which touches logistics and industrial safety.

KULR Technology Group, Inc. (KULR) - Canvas Business Model: Cost Structure

You're looking at the core expenditures driving KULR Technology Group, Inc. (KULR) operations as of late 2025. The cost structure reflects a company balancing significant investment in future technology with the operational realities of scaling production and managing newer revenue streams like digital asset activities.

The third quarter ended September 30, 2025, showed substantial operating expenses as KULR Technology Group, Inc. pushed forward its growth initiatives. Here's a quick look at the major reported expenses for that period:

Expense Category	Q3 2025 Amount	Comparison to Prior Year (Q3 2024)
Selling, General and Administrative (SG&A) Expenses	$6.26 million	Increased from $2.74 million
Research and Development (R&D) Expenses	$2.32 million	Increased from $1.23 million
Total Revenue	$6.88 million	Increased 116% from $3.18 million

The $6.26 million in Selling, General and Administrative (SG&A) expenses for Q3 2025 represented planned investments to support growth activities. This included outlays for additional advertising and marketing services, professional and consulting fees, and higher salaries plus stock-based compensation for new hires and grants issued in 2025.

Investment in the future is clear in the Research and Development (R&D) spending, which reached $2.32 million in Q3 2025. This higher investment reflects planned increases in R&D services and new hires during 2025, along with increased stock-based compensation from new awards.

The gross margin performance in Q3 2025 was notably compressed at just 9%, a significant drop from 71% in the same quarter last year. This margin pressure is directly tied to specific cost elements within the business model.

Costs associated with digital assets mining leases and operations were a direct factor in the margin compression. Lease costs related to the digital asset mining operation are recorded as cost of revenue, putting direct pressure on the gross margin.

Labor and overhead for service contracts also played a major role in the lower gross margin. The company specifically cited increased hours spent on service contracts as a primary reason for the margin falling to 9%.

Manufacturing costs for scaling KULR ONE product production are an emerging cost center as the company shifts focus. Product sales, which include KULR ONE, grew to approximately $1.62 million in the quarter, up 112% year-over-year, indicating that costs associated with scaling this production are increasing alongside revenue.

You can see the cost impact broken down by the key drivers affecting gross profit:

• Costs related to digital assets mining leases.
• Increased hours spent on service contracts (labor and overhead).
• Inventory costs capitalized for products like safe cases, stated at the lower of cost or net realizable value using the first-in, first-out method.

Finance: draft 13-week cash view by Friday.

KULR Technology Group, Inc. (KULR) - Canvas Business Model: Revenue Streams

You're looking at the revenue side of KULR Technology Group, Inc. (KULR) as of late 2025, and the story is one of massive top-line growth driven by a strategic pivot. Honestly, the numbers from the third quarter show a company rapidly scaling its product business while its service component is contracting. Here's the quick math: Total Q3 2025 revenue was $6.88 million, a 116% year-over-year increase from the $3.18 million reported in Q3 2024.

The core of the product sales engine is clearly gaining momentum. Product sales, which include the KULR ONE battery systems and thermal solutions, more than doubled year-over-year. Specifically, product revenue hit $1.62 million in Q3 2025, up 112% from the $765,000 seen in the third quarter of 2024. This shift aligns with management's stated goal of moving toward a product-driven model to benefit from economies of scale.

Service revenue from battery safety testing and design consultation, while historically a key component, appears to be shrinking as the company focuses resources elsewhere. In Q3 2025, services revenue was down 74% compared to the same period last year. This contrasts with Q2 2025, where service revenue had declined by 57% year-over-year, indicating a continuing trend of deprioritization for this segment.

The digital asset revenue stream, stemming from the company's Bitcoin treasury and mining operations, is a significant, albeit less traditional, contributor. KULR Technology Group, Inc. is operating as a Bitcoin+ Treasury company, leveraging its holdings. While specific digital asset revenue for Q3 2025 isn't broken out in the same detail as product sales, the company recognized its first mining revenue in Q1 2025, which amounted to $250,000. Furthermore, the gross margin decline in Q3 2025 was partly attributed to increased costs related to digital assets mining leases, confirming ongoing activity in this area. As of the end of Q3 2025, the company held Bitcoin worth approximately $120 million.

Licensing revenue from intellectual property is another stated stream, though concrete financial figures for this segment in Q3 2025 were not explicitly detailed in the available earnings summaries. The company is also introducing new product lines, like the KULR ONE Air for unmanned aircraft systems, which will feed into the product sales stream.

Here is a look at the known revenue components for the third quarter ended September 30, 2025:

Revenue Stream Component	Q3 2025 Amount (USD)	Comparative Data Point
Total Revenue	$6.88 million	116% year-over-year increase
Product sales of KULR ONE battery systems and thermal solutions	$1.62 million	112% increase versus Q3 2024
Service revenue from testing and consultation	Not explicitly stated for Q3 2025	Down 74% year-over-year in Q3 2025
Digital asset revenue from Bitcoin mining operations	Not explicitly stated for Q3 2025	First recorded mining revenue was $250,000 in Q1 2025
Licensing revenue from intellectual property	Not explicitly stated for Q3 2025	No specific Q3 2025 figure available

The overall revenue composition for Q3 2025 shows that the product segment accounted for a smaller portion of the total revenue compared to the combined services and digital asset/other revenue, given the figures:

• Product Sales: $1.62 million
• Implied Services, Digital Assets, and Licensing Revenue: $5.26 million ($6.88 million total - $1.62 million product sales)
• KULR Technology Group, Inc. mining operations produced Bitcoin at an all-in cost of approximately $102,000 per coin in Q3 2025.
• The company's gross margin for Q3 2025 was 9%, a significant drop from 71% in Q3 2024.
• As of September 30, 2025, cash and current accounts receivable combined stood at $24.54 million.

Finance: draft Q4 2025 revenue projection model by next Tuesday.