Ultralife Batteries Notified that BA-5347 Contract Protest Denied; Government Reaffirms Company's Win of $15 Million Award.NEWARK, N.Y. -- Ultralife Batteries, Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ULBI) was notified by the U.S. Department of Defense on August 10 that, following a formal review process, the protest filed on March 14 by a U.S.-based battery assembly company claiming that the BA-5347/U battery contract was improperly awarded, has been denied by the Government. Ultralife still expects to complete the qualification process for this battery before the end of 2005, after which it will begin production shipments. In February 2005 Ultralife announced that the U.S. Defense Department awarded it the 60 percent portion of the BA-5347 battery five-year production contract, which could reach a maximum value of $15 million. Ultralife's BA-5347/U is an 11 ampere-hour, 6-volt non-rechargeable lithium-manganese dioxide battery used to power the AN/PAS-13 Thermal Weapon Sight (TWS TWS The Wildlife Society (founded in 1937) TWS The Wilderness Society TWS The Weekly Standard (political magazine) TWS Thermal Weapon Sight TWS Texas World Speedway TWS Tsunami Warning System ). Used on rifles and other small arms small arms, firearms designed primarily to be carried and fired by one person and, generally, held in the hands, as distinguished from heavy arms, or artillery. Early Small Arms The first small arms came into general use at the end of the 14th cent. and versatile enough to be used for other applications such as surveillance and shoulder-launched missiles, the thermal sight, also selected for the Army's Land Warrior Land Warrior was a United States Army program, cancelled in 2007,[1][2] that would have used a combination of commercial, off-the-shelf technology (COTS) and current-issue military gear and equipment designed to: darkly , adverse weather and through battlefield smoke and dust. About Ultralife Batteries, Inc. Ultralife is a global provider of power solutions for diverse applications. The company develops, manufactures and markets a wide range of non-rechargeable and rechargeable batteries, charging systems and accessories for use in military, industrial and consumer portable electronic products. Through its range of standard products and engineered solutions, Ultralife is able to provide the next generation of power systems. Industrial, retail and government customers include General Dynamics General Dynamics Corporation (NYSE: GD) is a defense conglomerate formed by mergers and divestitures, and as of 2006 it is the sixth largest defense contractor in the world[1]. The company has changed markedly in the post-Cold War era of defense consolidation. , Philips Medical Systems, General Motors, Energizer, Kidde Safety, Lowe's, Radio Shack and the national defense agencies of the United States and United Kingdom, among others. Ultralife's headquarters, principal manufacturing and research facilities are in Newark, New York Newark is a village in Wayne County, New York, U.S., 30 miles (48 km) east by south of Rochester. The population was 9,682 at the 2000 census. The Village of Newark is in the south part of the Town of Arcadia and is in the south of Wayne County. , near Rochester. Ultralife (UK) Ltd., a second manufacturing facility, is located in Abingdon, England. Both facilities are ISO- iso- or is- pref. 1. Equal; uniform: isobar. 2. Isomeric: isopropyl. 3. 9001 certified. This press release contains 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: loss of business with the U.S. government, worsening global economic conditions, world events, increased competitive environment and pricing pressures, disruptions related to restructuring actions and delays. 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . Detailed information on Ultralife is available at the Company's web site, www.ultralifebatteries.com. Ultralife(R) is a registered trademark of Ultralife Batteries, Inc. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion