KULR Expands into High-Growth Robotics Market with German Bionic AI-Powered Exoskeletons for U.S. Workforce
KULR Technology Group (NYSE: KULR) has announced a strategic partnership with German Bionic (GB) to enter the robotics market through their new business unit, KULR AI & Robotics. The partnership focuses on GB's Apogee ULTRA exoskeleton technology, with KULR securing exclusive North American distribution rights.
The initiative aligns with the global wearable robotic exoskeleton market's projected growth to $41.5 billion by 2033. GB's existing customer base includes major companies like Dachser Intelligent Logistics, GXO, Nuremberg Airport, Canadian Tire, Currys, and Charité Hospital Berlin.
Led by Josh Steinmann as VP of AI and Robotics, KULR plans to enhance Apogee ULTRA's capabilities through collaborative technology development, focusing on performance improvements and AI integration. The company aims to localize manufacturing of future generation exoskeletons in the United States, supporting domestic supply chain resilience and manufacturing reshoring efforts.
KULR Technology Group (NYSE: KULR) ha annunciato una partnership strategica con German Bionic (GB) per entrare nel mercato della robotica attraverso la loro nuova divisione, KULR AI & Robotics. La collaborazione si concentra sulla tecnologia dell'esoscheletro Apogee ULTRA di GB, con KULR che ottiene i diritti esclusivi di distribuzione per il Nord America.
L'iniziativa è in linea con la crescita prevista del mercato globale degli esoscheletri robotici indossabili, stimata a 41,5 miliardi di dollari entro il 2033. La base clienti di GB include già importanti aziende come Dachser Intelligent Logistics, GXO, Aeroporto di Norimberga, Canadian Tire, Currys e l'Ospedale Charité di Berlino.
Sotto la guida di Josh Steinmann, VP di AI e Robotica, KULR intende potenziare le capacità di Apogee ULTRA attraverso uno sviluppo tecnologico collaborativo, concentrandosi su miglioramenti delle prestazioni e integrazione dell'intelligenza artificiale. L'azienda mira a localizzare la produzione delle future generazioni di esoscheletri negli Stati Uniti, sostenendo la resilienza della catena di approvvigionamento nazionale e gli sforzi di reshoring manifatturiero.
KULR Technology Group (NYSE: KULR) ha anunciado una alianza estratégica con German Bionic (GB) para entrar en el mercado de la robótica a través de su nueva unidad de negocio, KULR AI & Robotics. La asociación se centra en la tecnología del exoesqueleto Apogee ULTRA de GB, con KULR asegurando los derechos exclusivos de distribución en Norteamérica.
La iniciativa está alineada con el crecimiento proyectado del mercado global de exoesqueletos robóticos portátiles, estimado en 41.5 mil millones de dólares para 2033. La base de clientes de GB incluye importantes compañías como Dachser Intelligent Logistics, GXO, Aeropuerto de Nuremberg, Canadian Tire, Currys y el Hospital Charité de Berlín.
Bajo la dirección de Josh Steinmann como vicepresidente de IA y Robótica, KULR planea mejorar las capacidades del Apogee ULTRA mediante un desarrollo tecnológico colaborativo, enfocándose en mejoras de rendimiento e integración de IA. La compañía busca localizar la fabricación de futuras generaciones de exoesqueletos en Estados Unidos, apoyando la resiliencia de la cadena de suministro nacional y los esfuerzos de relocalización manufacturera.
KULR Technology Group (NYSE: KULR)는 독일 바이오닉(German Bionic, GB)과 전략적 파트너십을 발표하며 새로운 사업부 KULR AI & Robotics를 통해 로봇 시장에 진출합니다. 이 파트너십은 GB의 Apogee ULTRA 외골격 기술에 중점을 두며, KULR은 북미 지역 독점 유통권을 확보했습니다.
이번 사업은 2033년까지 415억 달러에 이를 것으로 예상되는 글로벌 웨어러블 로봇 외골격 시장의 성장과 부합합니다. GB의 기존 고객사에는 Dachser Intelligent Logistics, GXO, 뉘른베르크 공항, Canadian Tire, Currys, 베를린 Charité 병원 등이 포함되어 있습니다.
AI 및 로봇 부문 부사장인 Josh Steinmann의 이끄는 KULR은 Apogee ULTRA의 성능 향상과 AI 통합에 중점을 둔 협력적 기술 개발을 계획하고 있습니다. 또한 향후 세대 외골격의 미국 내 제조 현지화를 목표로 하여 국내 공급망 회복력 강화와 제조업 리쇼어링 노력을 지원할 예정입니다.
KULR Technology Group (NYSE : KULR) a annoncé un partenariat stratégique avec German Bionic (GB) pour pénétrer le marché de la robotique via leur nouvelle unité commerciale, KULR AI & Robotics. Ce partenariat porte sur la technologie d’exosquelette Apogee ULTRA de GB, KULR obtenant les droits exclusifs de distribution en Amérique du Nord.
Cette initiative s’inscrit dans la croissance prévue du marché mondial des exosquelettes robotiques portables, estimé à 41,5 milliards de dollars d’ici 2033. La clientèle actuelle de GB comprend des grandes entreprises telles que Dachser Intelligent Logistics, GXO, l’aéroport de Nuremberg, Canadian Tire, Currys et l’hôpital Charité de Berlin.
Sous la direction de Josh Steinmann, vice-président de l’IA et de la robotique, KULR prévoit d’améliorer les capacités de l’Apogee ULTRA grâce à un développement technologique collaboratif, en se concentrant sur l’amélioration des performances et l’intégration de l’IA. L’entreprise vise à localiser la fabrication des futures générations d’exosquelettes aux États-Unis, soutenant ainsi la résilience de la chaîne d’approvisionnement nationale et les efforts de relocalisation industrielle.
KULR Technology Group (NYSE: KULR) hat eine strategische Partnerschaft mit German Bionic (GB) angekündigt, um über ihre neue Geschäftseinheit KULR AI & Robotics in den Robotikmarkt einzusteigen. Die Partnerschaft konzentriert sich auf die Exoskelett-Technologie Apogee ULTRA von GB, wobei KULR die exklusiven Vertriebsrechte für Nordamerika sichert.
Die Initiative steht im Einklang mit dem prognostizierten Wachstum des globalen Marktes für tragbare robotische Exoskelette, der bis 2033 auf 41,5 Milliarden US-Dollar geschätzt wird. Zu GBs bestehendem Kundenstamm zählen namhafte Unternehmen wie Dachser Intelligent Logistics, GXO, Flughafen Nürnberg, Canadian Tire, Currys und das Charité Krankenhaus Berlin.
Unter der Leitung von Josh Steinmann als VP für KI und Robotik plant KULR, die Fähigkeiten des Apogee ULTRA durch gemeinsame technologische Entwicklungen zu verbessern, mit Fokus auf Leistungssteigerungen und KI-Integration. Das Unternehmen beabsichtigt, die Fertigung zukünftiger Exoskelett-Generationen in den USA zu lokalisieren, um die Widerstandsfähigkeit der heimischen Lieferkette zu stärken und die Rückverlagerung der Produktion zu unterstützen.
- Secured exclusive North American distribution rights for German Bionic's products
- Entry into $41.5B market opportunity by 2033
- Partnership with established player serving major global customers
- Plans for domestic manufacturing to reduce lead times and improve scalability
- Significant investment and resources required for new business unit development
- Potential execution risks in entering new market segment
- Competition from established players in robotics market
Insights
KULR's strategic partnership with German Bionic represents a significant market expansion into the high-growth robotics and AI sectors. The exclusive North American distribution rights for GB's Apogee ULTRA exoskeleton positions KULR in a market projected to reach
This move leverages KULR's core energy management expertise in a logical extension – AI-powered robotics require sophisticated thermal management and battery optimization, which aligns perfectly with KULR's technological capabilities. The formation of the dedicated KULR AI & Robotics business unit, leadership appointment, and website rebrand to KULR.ai demonstrate substantial organizational commitment to this strategic pivot.
The partnership targets multiple high-value sectors including logistics, manufacturing, healthcare, and construction. German Bionic brings established credibility with an impressive customer base including Dachser, GXO, Nuremberg Airport, and Charité Hospital Berlin. Their exoskeleton technology offers compelling ROI through injury reduction, productivity enhancement, and employee retention benefits – all quantifiable metrics that should assist KULR in market penetration.
The planned localization of manufacturing within the US aligns with national priorities around supply chain resilience and domestic production. While financial terms remain undisclosed, this represents a potentially transformative expansion beyond KULR's traditional focus, with minimal apparent downside given the leveraging of existing technological expertise in new high-growth applications.
HOUSTON, April 15, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, today announced the launch of a new strategic partnership with German Bionic (“GB”), a leading global robotics company known for its groundbreaking robotic exoskeleton, Apogee ULTRA, to expand into the rapidly growing fields of robotics and artificial intelligence. GB counts global logistics companies, large retailers, hospitals, and major international airports among its customers, including Dachser Intelligent Logistics, GXO, Nuremberg Airport, Canadian Tire, the British consumer electronics retailer Currys, and the Charité Hospital Berlin. According to Spherical Insights, the global wearable robotic exoskeleton market size is expected to reach
The initiative includes the formation of a dedicated business unit, KULR AI & Robotics, aimed at driving innovation and commercialization of affordable and mature robotic solutions to support the US workforce and reshoring of manufacturing. During their EOY and Q4 earnings call, KULR also announced that their website has been updated and relaunched as KULR.ai to reflect this shift and the introduction of the new business unit. The new unit will be led by Josh Steinmann, VP of AI and Robotics.
“This partnership exemplifies our broader strategy to leverage our energy management expertise and become a key enabler of the robotics and AI ecosystem, as these applications demand higher battery performance and more efficient thermal management for their high-performance electronics,” said Michael Mo, CEO of KULR Technology Group. “AI is a critical enabler of robotics, and we’re aggressively focused on this area – through this partnership and other strategic initiatives – to help shape the future of human-machine interface.”
“We are pleased to have KULR as a key partner, joining us in the journey to scale and deliver the world’s strongest data-driven exoskeletons to North America and beyond,” says Armin G. Schmidt, Founder and CEO of German Bionic. “At the core of our innovation is a clear understanding of energy as a fundamental force – something unseen yet essential in driving both progress and human advancement. Our exoskeletons are designed to empower and elevate frontline workers, unlocking their full potential each day. This partnership is the natural unfolding of our mission to infuse the world with greater value, vitality, and purpose.”
The sixth-generation Apogee ULTRA is a proven, in-market solution engineered for large-scale deployment. Apogee ULTRA and anticipated future generations of the exoskeleton can enhance human energy output significantly and materially reduce workplace injuries, driving outsized returns on investment, employee satisfaction and retention, and reduced healthcare costs. This technology has demonstrated success across multiple sectors, including delivery logistics, supply chain solutions, manufacturing, construction, and healthcare.
Key elements of the partnership include a collaborative technology effort to further enhance the capabilities of Apogee ULTRA, the world’s most powerful exoskeleton, focused on performance improvements, AI integration, and increased user adaptability. KULR will also hold exclusive marketing and distribution rights for North America, establishing the Company as the primary provider of GB’s products spanning all industries.
KULR’s expansion into this sector aligns with US strategic priorities to expand domestic manufacturing and industry. The Company aims to become a key player in the next generation of AI-powered, human-centered robotic technologies serving delivery logistics, supply chain solutions, manufacturing, construction, and healthcare. Looking ahead, KULR plans to localize the manufacturing and assembly of future generation exoskeletons within the United States, supporting domestic supply chain resilience, reducing lead times, and enhancing scalability for widespread adoption.
About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) delivers cutting-edge energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. The Company’s holistic offering allows the delivery of commercial off-the-shelf and custom next-generation energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. On December 4, 2024, KULR announced that its Board of Directors has agreed to include bitcoin as a primary asset in its treasury program and committed to allocating up to
About German Bionic
German Bionic is a global robotics firm that develops and manufactures smart power suits and other wearable technologies. It was the world’s first company to deliver connected exoskeletons for the workplace, applying self-learning and artificial intelligence to support lifting movements and prevent poor posture, and thereby becoming an intelligent link between humans and machines. The German Bionic smart power suits and wearables protect the health of workers and markedly reduce the risk of accidents and injury to improve work processes. In recognition of this innovative technology, which puts people back at the center of Industry 5.0, German Bionic has received numerous awards including the CES “Best of Innovation” Award, the Fast Company “Innovation by Design Award”, and the “Innovation Champion” Award of the European Investment Bank. German Bionic is headquartered in Germany and the US, with offices in Berlin, Augsburg, Boston and Tokyo. For more information, visit: www.germanbionic.com.
Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulrtechnology.com
KULR Media Relations:
M Group Strategic Communications (on behalf of KULR)
KULR@mgroupsc.com
German Bionic Media Relations:
Eric Eitel, Head of Global Communications
Email: ee@germanbionic.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ef34a920-4b4d-4e26-83d4-fa5d8908fc99
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