NEWARK, N.Y., Sep 02, 2008 (BUSINESS WIRE) -- Ultralife Corporation (NASDAQ: ULBI) has received an order valued at
approximately $4.8 million from the U.S. Defense Department for Ultralife's
SmartCircuit(R) lithium
ion rechargeable batteries and chargers from its Land Warrior product
suite. Deliveries of Ultralife's UBBL06 and
UBBL08 lithium ion rechargeable batteries and its CH0006 3-postion
military vehicle-based charger and CH0012 12-position bulk charger are
expected to be completed in the fourth quarter of this year.
Land Warrior batteries and chargers were originally developed by
Ultralife in 2004 under a $2.7 million development contract from General
Dynamics to equip Land Warrior ensembles with an advanced man-portable
power system. In 2006 Ultralife received a $1.4 million production order
from General Dynamics C4 Systems for lithium ion batteries as well as
vehicle, bulk and individual Soldier-based chargers.
"Technology development programs, a key facet
of our product development strategy, offer a cost effective way for us
to bring products to market," said John D.
Kavazanjian, Ultralife's president and chief
executive officer. "For example, technology we
provided for the Land Warrior program opened new market opportunities
for our advanced smart batteries and charging systems. Since completing
the development work for General Dynamics, we have received orders from
prime contractors, U.S. and international distribution partners and now
the U.S. Department of Defense for batteries and chargers from our Land
Warrior product suite."
Land Warrior is an integrated, modular fighting system that uses
technology to enhance individual soldiers'
close-combat tactical awareness, lethality and survivability. The system
includes weapon-mounted sensors, an integrated helmet assembly, a
communications-navigation computer system and software for
friendly-force tracking and command/control programs.
About Ultralife Corporation
Ultralife Corporation, which began as a battery company, now serves its
markets with products and services ranging from portable and standby
power solutions to communications and electronics systems. Through its
engineering and collaborative approach to problem solving, Ultralife
serves government, defense and commercial customers across the globe.
Ultralife's family of brands includes:
Ultralife Batteries, Stationary Power Services, RPS Power Systems, ABLE,
McDowell Research and RedBlack Communications. Ultralife's
operations are in North America, Europe and Asia. For more information
on Ultralife, visit www.ulbi.com.
Ultralife(R) and
SmartCircuit(R) are
registered trademarks of Ultralife Corporation.
SOURCE: Ultralife Corporation
Ultralife Corporation
Robert W. Fishback, 315-332-7100
bfishback@ulbi.com
or
Investor Relations:
Lippert/Heilshorn & Associates, Inc.
Jody Burfening, 212-838-3777
jburfening@lhai.com
