DealsApr 29, 2026, 08:31 AM
KULR Secures $1M Initial Order for K1A Batteries; $5M Expected
AI Summary
KULR Technology Group announced initial purchase orders of nearly $1.0 million from a U.S. defense technology company specializing in FPV drones for military use. The company expects total purchase orders from this customer to exceed $5 million, with all orders to be fulfilled and shipped by the end of 2026. The orders are for KULR ONE Air® (K1A) batteries, designed for the rapidly growing UAS market, which is projected to expand significantly by 2034.
Key Highlights
- KULR received initial purchase orders totaling nearly $1.0 million for KULR ONE Air® (K1A) batteries.
- Total purchase orders from this U.S. defense technology customer are expected to exceed $5 million.
- All related orders are expected to be fulfilled and shipped before the end of 2026.
- The customer is a manufacturer of unmanned aerial systems (UAS) specializing in FPV drones for military use.
- The customer is involved in the Department of War's $1.1 billion Drone Dominance initiative.
- Global drone defense systems market projected to grow from $120.5 billion in 2026 to $6.86 trillion by 2034.
- The market is expected to grow at a compound annual growth rate of 65.7% through 2034.