KULR Technology shares surge 10.18% intraday after securing $30M 5-year battery supply deal with Caban Energy and acquiring Texas manufacturing assets.

KULR Technology Group surged 10.18% intraday following the announcement of a five-year preferred battery supply agreement with Caban Energy, expected to generate $30 million in revenue starting 2026. The deal includes the transfer of Caban’s Plano, Texas manufacturing assets, expanding KULR’s U.S. production capacity for mission-critical energy storage solutions in telecom and data-center markets. The agreement reinforces KULR’s strategic focus on scaling lithium battery systems for infrastructure operators and aligns with its recent pause on at-the-market equity offerings, signaling improved liquidity and operational confidence. The news directly addresses investor concerns over revenue growth and production scalability, though risks from ongoing losses and Bitcoin treasury volatility remain. The stock’s intraday rally reflects optimism over contracted revenue and expanded domestic manufacturing, positioning KULR to capitalize on 5G and data-center demand.