KULR Technology Group Awarded 5-year Preferred Battery Supply Agreement from Caban Energy; Expands U.S. Manufacturing Footprint

Core Insights - KULR Technology Group has secured a five-year preferred battery supply agreement with Caban Energy, expected to generate approximately $30 million in revenue starting in 2026, reinforcing its strategy in energy-storage technologies across various markets [1][4] Group 1: Company Developments - The agreement includes KULR taking over Caban's manufacturing assets in Plano, Texas, enhancing its domestic production capabilities and facilitating expansion into communications and data-center energy-storage markets [3] - KULR's CEO emphasized that centralizing and integrating manufacturing capabilities will increase development and production throughput, enabling the delivery of high-reliability energy systems at scale [4] Group 2: Industry Context - KULR's focus on lithium-based battery solutions highlights the critical role of advanced energy storage in maintaining continuous operations in digital infrastructure and telecommunications, particularly as expectations for uptime and resilience grow [2] - The integration of telecom-focused battery solutions aligns KULR's technology with the needs of digital infrastructure operators, who require reliable backup power for 5G rollouts and long-term scalability [2]