HOUSTON, May 15, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in advanced energy management solutions, today reported results for the first quarter ended March 31, 2025. “2025 is a transformational year for KULR and the transformation is well on its way,” commented KULR CEO Michael Mo. “With over $100M in cash and Bitcoin holdings on our balance sheet as of the present day and virtually no debt, we are well capitalized to grow our batt ...

Market Overview - The wearable robotic exoskeleton market is projected to grow significantly, driven by advancements in robotics, rehabilitation technologies, and workplace safety [1] - The market is expected to reach USD 30.56 billion by 2032, with a CAGR of 43.1% during the forecast period [1] - North America held a market share of 38.64% in 2024, indicating strong regional dominance [1] Technological Innovations - Key trends include the integration of AI and advanced sensor technologies to enhance precision and user experience [2] - AI-powered exoskeletons can adapt to user movements, providing personalized assistance and improving rehabilitation outcomes [2] - Advanced sensors enable intuitive control, making the technology more accessible and effective across various sectors [2] Company Developments - KULR Technology Group, Inc. has partnered with German Bionic to expand into the robotics market, focusing on AI-powered exoskeletons for the U.S. workforce [3][4] - KULR has established a dedicated business unit, KULR AI & Robotics, to drive innovation in robotic solutions [3] - The partnership aims to enhance battery performance and thermal management for high-performance robotics applications [4] Product Impact - The sixth-generation Apogee ULTRA exoskeleton is designed for large-scale deployment, significantly enhancing human energy output and reducing workplace injuries [5] - This technology has shown success in various sectors, including logistics, manufacturing, and healthcare, driving returns on investment and employee satisfaction [5] Other Market Activities - C.H. Robinson Worldwide, Inc. is set to release its Q1 2025 results, indicating ongoing activity in the logistics sector [6] - Pitney Bowes has been recognized as the Top Company in Shipping Software for 2025, highlighting its commitment to innovation in logistics technology [8][9] - GXO Logistics, Inc. has formed a strategic partnership with Hisense to manage logistics operations, showcasing growth in logistics management [9][10]

Core Insights - KULR Technology Group has launched a strategic partnership with German Bionic to expand into robotics and artificial intelligence, targeting the growing wearable robotic exoskeleton market projected to reach $41.5 billion by 2033 [1][3][4] Company Developments - The partnership will establish a dedicated business unit, KULR AI & Robotics, to drive innovation in affordable robotic solutions aimed at supporting the US workforce and reshoring manufacturing [3][6] - KULR's website has been updated to reflect this new focus, and the business unit will be led by Josh Steinmann, VP of AI and Robotics [3] Partnership Details - The collaboration will enhance the capabilities of German Bionic's Apogee ULTRA exoskeleton, focusing on performance improvements, AI integration, and user adaptability [5] - KULR will hold exclusive marketing and distribution rights for German Bionic's products in North America, positioning the company as the primary provider across various industries [5] Industry Context - KULR's expansion aligns with US strategic priorities to boost domestic manufacturing and industry, aiming to localize the production of future exoskeletons within the United States [6] - The partnership is expected to significantly enhance human energy output, reduce workplace injuries, and improve employee satisfaction and retention across sectors such as logistics, manufacturing, and healthcare [4][6]