KULR Technology Group Awarded 5-year Preferred Battery Supply Agreement from Caban Energy; Expands U.S. Manufacturing Footprint
MWN-AI** Summary
KULR Technology Group, Inc. (NYSE American: KULR) has secured a significant five-year preferred battery supply agreement with Caban Energy, a Miami-based firm specializing in renewable energy solutions for critical infrastructure. The agreement is projected to generate approximately $30 million for KULR starting in 2026, enhancing its market position in the energy storage landscape.
This partnership aligns with KULR's strategy to provide essential energy storage technologies across various sectors, including telecommunications, aerospace, and defense. Caban Energy, known for its Energy-as-a-Service (EaaS) model, focuses on decarbonizing energy solutions for mission-critical facilities, reflecting the increasing demand for sustainable energy practices.
KULR's move to integrate telecom-focused battery solutions is particularly strategic, as advanced energy storage systems are crucial for ensuring uninterrupted network operations amid rising expectations for resiliency. By taking over Caban's manufacturing assets located in Plano, Texas, KULR is not only expanding its domestic production capabilities but also reinforcing its supply chain to meet the growing needs of its clients, particularly in the digital infrastructure and telecom sectors.
CEO Michael Mo emphasized the importance of this partnership, highlighting how consolidating manufacturing and energy solutions will position KULR to better serve its clients. The expanded manufacturing footprint is expected to bolster development and production processes, enabling KULR to deliver reliable energy systems essential for supporting 5G infrastructure and other long-term network scalability projects.
Caban Energy has gained momentum in recent years, establishing partnerships with major telecommunications companies, which underscores the synergy between KULR and Caban in addressing the energy resilience needs of critical industries. This partnership not only aims to improve operational reliability but also strives to meet ambitious sustainability targets in energy consumption.
MWN-AI** Analysis
KULR Technology Group, Inc. (NYSE American: KULR) recently secured a pivotal five-year preferred battery supply agreement with Caban Energy, estimated to generate approximately $30 million in revenue commencing in 2026. This agreement aligns seamlessly with KULR’s strategic emphasis on enhancing energy storage technologies across critical sectors, notably telecommunications, aerospace, and defense. The incorporation of Caban’s Plano, Texas manufacturing assets under this agreement significantly amplifies KULR's U.S. manufacturing capabilities, which is paramount as demand for reliable energy storage solutions intensifies amidst the ongoing global shift towards digital infrastructure.
Investors should interpret this development as a strong indicator of KULR’s expanding market presence and its commitment to delivering enhanced battery solutions that are central to the reliability of telecom networks, especially in light of rising 5G deployment demands. The robust traction of Caban’s energy-as-a-service (EaaS) model in decarbonizing critical infrastructure positions KULR strategically in an evolving landscape increasingly focused on sustainability and resilience in energy supply.
Furthermore, KULR’s focus on domestic production will likely mitigate supply chain risks and ensure scalability, enhancing its competitive edge in the lithium battery market. The successful integration and operational synergy that KULR anticipates from this partnership could lead to increased production efficiency and faster delivery of high-performance energy systems for its customers.
Given these promising developments, KULR presents an attractive opportunity for investors looking to capitalize on the growing convergence of energy management and advanced battery technology. With a solid contract backlog and a favorable market positioning, KULR could see substantial upside potential as it navigates the dynamic growth avenues that the renewable energy and telecommunications sectors offer. Investors are encouraged to monitor KULR’s future performance benchmarks closely, especially as it embarks on this growth trajectory.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
HOUSTON, Jan. 14, 2026 (GLOBE NEWSWIRE) -- 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, hyperscale AI data centers, and telecom infrastructure OEMs, today announced it was awarded a five?year preferred battery supply agreement from Caban Energy (“Caban”), a Miami-based renewable energy services and technology company delivering flexible solutions for critical infrastructure. The agreement, generating an estimated $30 million in total revenue to KULR starting 2026, further reinforces KULR’s strategy to deliver mission?critical energy?storage technologies across digital infrastructure, communications, aerospace, and defense markets, while expanding U.S.?based manufacturing capacity to support growing customer demand.
KULR’s expansion into lithium-based battery solutions for digital infrastructure and telecommunications underscores the increasingly central role of advanced energy storage in ensuring continuous, mission-critical network operations. In telecom environments, batteries serve as the primary line of defense against grid interruptions - preserving network availability, minimizing service outages, and sustaining communications during emergency conditions as expectations for uptime and resilience continue to rise. By integrating telecom-focused battery solutions into its portfolio, KULR is aligning its technology platform with the evolving requirements of digital infrastructure operators who require reliable, high-performance backup power to support 5G rollouts and long-term network scalability.
As part of the agreement, the Company took over Caban’s Plano, Texas?based manufacturing assets, strengthening KULR’s domestic production footprint and accelerating its expansion into communications, fiber, and data?center energy?storage markets across the United States.
“This supplier award and the addition of manufacturing assets are timely and important steps as we continue to scale into fast?growing global markets,” said Michael Mo, Chief Executive Officer of KULR Technology Group. “By centralizing and integrating these capabilities into our U.S. manufacturing operations, we expect to increase development and production throughput and deliver high?reliability energy systems at the scale required by our customers.”
Caban focuses on decarbonizing energy for critical infrastructure, including telecommunications networks and other mission?critical facilities. A core component of Caban’s commercial model is Energy?as?a?Service (EaaS), through which the company installs, operates, and owns renewable energy infrastructure while customers pay a predictable monthly fee without upfront capital expenditure. Caban’s EaaS offerings are designed to lower operating costs, reduce carbon footprint, eliminate risk exposure, and improve the reliability and predictability of energy supply. The company has experienced strong momentum in recent years, forging key partnerships and securing long-term contracts with some of the largest telecommunications companies in the world, including a new project with Digicel announced earlier this year. Its solutions have been successfully deployed across 12 countries, enabling businesses to enhance their energy resilience while meeting ambitious sustainability goals.
About KULR Technology Group, Inc.
KULR Technology Group, Inc. (NYSE American: KULR) is an energy-management and reliability 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, hyperscale AI data centers, telecom infrastructure and mobility applications.
About Caban
Caban, founded in 2018, set out to tackle the challenge of decarbonizing one of the most fossil fuel-dependent industries. Initially focused on providing alternative energy solutions for the telecommunications industry in the Americas, the company has demonstrated success in supplying energy to several of the world’s largest telecom operators. Building on this momentum, Caban has scaled globally and expanded its reach to support clean energy needs across critical infrastructure sectors worldwide. Caban uniquely combines service, hardware, software, and finance tools to deliver reliable, clean power and boosts your bottom line. This turnkey approach allows clients to work directly with one trusted partner to achieve reliability and decarbonization across their operations.
For more information, visit www.cabanenergy.com.
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Safe Harbor Statement
This release contains certain forward-looking statements based on our current expectations, forecasts 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, 2025, 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 forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely based on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulr.ai
KULR Media Relations:
M Group Strategic Communications (on behalf of KULR)
Email: kulr@mgroupsc.com
A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/0b2da4ec-b5ec-46a6-8af2-19f9fac9a770
FAQ**
How does the five-year preferred battery supply agreement with Caban Energy potentially impact KULR Technology Group Inc. KULR's revenue growth and market positioning?
Can you elaborate on how KULR Technology Group Inc. KULR plans to enhance its U.S.-based manufacturing capabilities through the acquisition of Caban's assets?
What specific technologies or innovations will KULR Technology Group Inc. KULR incorporate into its battery solutions to meet the demands of digital infrastructure and telecom operators?
In what ways does KULR Technology Group Inc. KULR aim to leverage the growing momentum of Caban's decarbonization efforts in its expansion strategy?
**MWN-AI FAQ is based on asking OpenAI questions about KULR Technology Group Inc. (NYSE: KULR).
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