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Ultralife Receives $2.5M for Land Warrior Batteries and Chargers

  • Management Comments on $26.9 Million Indefinite Quantity Contract Awarded by Defense Logistics Agency
(Newark, N.Y., June 2, 2010) -- Ultralife Corporation (NASDAQ: ULBI) has received an order valued at approximately $2.5 million for its Land Warrior batteries and chargers from the U.S. Defense Department. The contract is for lithium ion rechargeable batteries as well as vehicle, bulk and individual soldier-based chargers. Deliveries are expected to begin this quarter and be completed by the third quarter of 2010.

The Land Warrior product suite was originally developed as a man-portable power system to support an integrated, modular fighting system that uses technology to enhance individual soldier's close combat tactical awareness, lethality and survivability. It is part of the company's SmartCircuit(R) family of products delivering power solutions to customers who require advanced functionality and performance.

"As expected, the U.S. military has rolled out the Land Warrior program again this year. This order reinforces how important system solutions are becoming not only to the defense market, but to all our markets," said John D. Kavazanjian, president and chief executive officer. "With our ability to provide power, charging, cabling - all tied together with smart circuitry, we are well positioned to capitalize on our industry leading expertise in providing unique total power solutions."

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Source : Ultralife Corporation

Published on ASDNews: Jun 3, 2010


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