Ultralife Receives U.S. Air Force Orders Totaling $2.3 Million.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) has received orders valued in total at approximately $2.3 million from the U.S. Air Force for tactical communications systems for military vehicles Military vehicles include all land combat and transportation vehicles, excluding rail-based, which are designed for or are in significant use by military forces.
See also list of armoured fighting vehicles. . The systems, which will include the company's McDowell Research brand components, will be manufactured by Ultralife's Innovative Solutions Consulting (ISC (1) (Internet Systems Consortium, Redwood City, CA www.isc.org) An organization founded by Paul Vixie, Carl Malamud and Rick Adams in 1994 and later sponsored by UUNET and other Internet companies. ) unit based in Southern Maryland Southern Maryland in popular usage is composed of the state's southernmost counties on the "Western Shore." This region includes all of Calvert, Charles and St. Mary's counties and southern portions of Anne Arundel and Prince George's counties. . Deliveries are expected to begin this quarter and be completed in the first quarter of 2008.
"These orders illustrate the strategic value created by our ISC and McDowell Research units, and how we are generating new business by capitalizing on both the product and technical capabilities of these two great organizations," said John D. Kavazanjian, Ultralife's president and chief executive officer. "Our McDowell Research brand products and the specialized communications electronics and system design capabilities of ISC make for an unbeatable combination to provide high quality products and technical services to our customers."
The tactical communications systems consist of McDowell's MIK-18-HF and MIK-32 Dual SATCOM Radio/Amplifier Mounting Systems with integrated radio transceivers, power amplifiers, power supplies, antennas and other components. The MIK-18-HF and MIK-32 are designed as a permanent installation on High Mobility Multipurpose Wheeled Vehicles (HMMWV HMMWV High Mobility Multipurpose Wheeled Vehicle (HMMWV is a trademark of AM General LLC; aka HUMVEE, also a trademark of AM General LLC) ), Stryker CV and other military vehicles.
About Ultralife Batteries, Inc.
Ultralife is a global provider of high-energy power solutions, communications accessories, and engineering and technical services for diverse applications. The company develops, manufactures and markets a wide range of non-rechargeable and rechargeable batteries, charging systems and accessories for markets including defense, commercial and consumer portable electronics.
Through its portfolio of standard products and engineered solutions, Ultralife is at the forefront of providing the next generation of power systems, communications accessories and technical services. Defense, commercial and retail 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. The company has changed markedly in the post-Cold War era of defense consolidation. , Raytheon, Philips Medical Systems, General Motors, Energizer, Kidde Safety, Lowe's, Radio Shack and the national defense agencies of the United States, United Kingdom, Germany, Australia and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , among others.
Ultralife's headquarters, principal manufacturing and research facilities, and its McDowell Research operating unit operating unit
A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon 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's other operating units are: Ultralife Batteries (UK) Ltd., in Abingdon, England; Innovative Solutions Consulting in Hollywood, Maryland; and ABLE New Energy in Shenzhen, China. Detailed information on Ultralife is available at: www.ultralifebatteries.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. 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.
See 10-K. .
Ultralife([R]) and McDowell Research([R]) are registered trademarks of Ultralife Batteries, Inc.