Ultralife Corporation (NASDAQ: ULBI) has received a contract valued at
approximately $5.5 million to supply its suite of Land Warrior Lithium
non-rechargeable batteries and rechargeable Lithium Ion batteries and
charging systems from a major international defense contractor for use
with the Land 200 Battle Management System by the Australian military.
Deliveries are expected to begin in the first quarter of 2011 and be
completed by the fourth quarter of 2012.
“Our capabilities in developing and supplying technically-advanced
defense communications and power systems, which we have demonstrated to
the U.S. Department of Defense across a wide variety of military
programs, are increasingly being recognized by our international
allies,” said John D. Kavazanjian, president and chief executive
officer. “In this case, our Land Warrior product suite will be used to
support the Australian military’s Land 200 Battle Management System, a
program for which we are already supplying our A320 RF pocket
amplifiers.”
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, and it
incorporates Ultralife’s battery models LI-145, LI-80, LM-145 and CH0006
Charger and Adapters.
About Ultralife Corporation
Ultralife Corporation, which began as a battery company, 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.
Headquartered in Newark, New York, the company’s business segments
include: Battery & Energy Products, Communications Systems and Energy
Services. Ultralife has operations in North America, Europe and Asia.
For more information, visit www.ultralifecorp.com
This press release may contain forward-looking statements based on
current expectations that involve a number of risks and uncertainties.
The potential risks and uncertainties that could cause actual results to
differ materially include: worsening global economic conditions,
increased competitive environment and pricing pressures, disruptions
related to restructuring actions and delays. The Company cautions
investors not to place undue reliance on forward-looking statements,
which reflect the Company’s analysis only as of today’s date. The
Company undertakes no obligation to publicly update forward-looking
statements to reflect subsequent events or circumstances. Further
information on these factors and other factors that could affect
Ultralife's financial results is included in Ultralife's Securities and
Exchange Commission (SEC) filings, including the latest Annual Report on
Form 10-K.
Ultralife Corporation
Philip
Fain, 315-332-7100
pfain@ulbi.com
or
Investor
Relations:
Lippert/Heilshorn & Associates,
Inc.
Jody Burfening, 212-838-3777
jburfening@lhai.com