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ULTRALIFE BATTERIES, INC. WILL RECEIVE DOD CONTRACT

 NEWARK, N.Y., Jan. 6 /PRNewswire/ -- Ultralife Batteries, Inc. (NASDAQ: ULBI), has been notified that its proposal to receive "Cost Sharing" funds in connection with its research and development of lithium-ion rechargeable batteries, has been favorably reviewed by the panel of experts of the United States Department of Defense's Advanced Research Projects Agency (ARPA), subject to successful negotiation of a contract. Under its proposal, Ultralife hopes to receive up to $750,000 over two years to fund between 40% and 50% of its expenses to develop lithium-ion chargeable batteries.
 The battery which Ultralife intends to develop will be potentially safer, longer-lasting and less expensive to manufacture than other lithium-type rechargeable batteries. It is anticipated that this new battery will provide three times the energy of nickel-cadmium batteries, will be environmentally friendly and will provide more charge/discharge cycles. This battery is expected to have broad commercial, as well as military applications.
 -0- 1/6/94
 /CONTACT: Julius Cirin, marketing manager, of Ultralife Batteries, 315-332-7100/
 (ULBI)


CO: Ultralife Batteries; United States Department of Defense ST: New York IN: CHM SU: CON

BM-KL -- CL020 -- 9874 01/06/94 15:59 EST
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Publication:PR Newswire
Date:Jan 6, 1994
Words:189
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