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Technology Stocks : ULBI..Ultralife Batteries
ULBI 5.800-0.9%Dec 24 11:27 AM EST

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To: Zeev Hed who wrote (423)1/25/2000 2:24:00 PM
From: Dennis Roth  Read Replies (1) of 522
 
>>are we being influenced by what is happening at VLNC or is the general area of "portable" energy sources (fuel cells, high performance batteries) getting noticed suddenly? <<

All those factors, Valence has quadrupled on news of sales for its sole product, bringing attention to lithium battery companies. The current fuel cell madness that has driven PLUG to the moon may be washing over into Valence and Ultralife. Suddenly fuel cells and batteries are sexy again.

There has also been positive company news.
The jury found in their favor in that 25 million dollar lawsuit that was hanging over them, see: biz.yahoo.com
They received a big three year order for smoke alarm batteries. biz.yahoo.com In 1999 their biggest customer, who I believe to be Fyrnetics, ordered $4.192 million and $1.993 million in 1998, so the order represents a substantial increase from this customer. Perhaps the bill requiring 10 year batteries in NY state that passed the State Senate is about to make it out in final legislation.

I also think it is interesting that they are displaying for the first time at Wireless2000, the biggest cell phone industry confabulation in the western hemisphere. messages.yahoo.com

Why would they introduce new model smoke alarm batteries at a cell phone show?

Also, automotive telematics such as GM's Onstar system were well received at the Detroit Auto show. The company has been trying to sell primary batteries for use as backup batteries for automotive telematic systems for the last six months or more. Perhaps they're getting close to a sale in that area. Or maybe the Army is about to order some more batteries for their Land Warrior program. I hope it's more than just spill over from fuel cell madness.

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