Ultralife Receives $7 M Contract from UK Defense Prime Contractor(Newark, N.Y., January 10, 2008) -- Ultralife (NASDAQ: ULBI) has been awarded an exclusive contract from a UK defense prime contractor valued at approximately $7 million to provide lithium ion rechargeable batteries and chargers to the British military. Deliveries are expected to begin this month and be completed in the second quarter.
"We are delighted that our industry-leading batteries and charging systems designed with our SmartCircuit(TM) technology have been chosen as a power source for use by the British military," said John D. Kavazanjian, Ultralife's president and chief executive officer. "The contract solidifies our platform to further build relationships with prime international defense contractors and offers us the opportunity to increase volume at our UK facility."
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Source : Ultralife Corporation