ULBI wins Nokia contract for Rechargeable lith poly batteries. Nokia is the largest wireless handset manufacturer in the world. The competitition has not been sitting still. Read back over the last two years and review how predictable this news, the recent SONY news, and the Danish co. news has been.
-- Ultralife Batteries, Inc. Introduces Ultra-Thin and Ultra-Light Polymer Recharge --
FROM PR NEWSWIRE NEW YORK
Ultralife Batteries, Inc. Introduces Ultra-Thin and Ultra-Light
Polymer Rechargeable Replacement Batteries for Nokia Cellular Phones
NEWARK, N.Y., June 14 /PRNewswire/ -- Ultralife Batteries, Inc.
(Nasdaq: ULBI) today introduced two new models of Polymer rechargeable
replacement batteries for use with the world's largest-selling line of
cellular phones -- the Nokia(R) 5100, 6100 and 7100 series. Ultralife has
already received sizeable orders for its new Polymer phone batteries from
numerous distributors for sale to cellular accessories retailers nationwide.
Ultralife also plans to sell batteries directly to a number of national
retailers. Shipments will begin in July.
Ultralife's ultra-slim, ultra-light battery, model UB750N, weighs a little
more than an ounce (28 grams) and has a rated digital talk time of up to 3 hours, 20 minutes and a standby time of up to 6.5 days, depending on the
specific phone model. The ultra-light, high-capacity battery, model UB2300N,
weighing less than three ounces (85 grams) has a rated digital talk time of up
to 10 hours and a standby time of up to 22 days. Both batteries, to be
marketed under the Ultralife Polymer(TM) brand, are packaged for retail sale
in unique gold-color packaging specially designed to enhance their appeal to
the consumer when displayed on retailers' shelves, an industry first.
John Kavazanjian, Ultralife President and Chief Executive Officer said,
"Ultralife introduced the world's first polymer batteries a number of years
ago and has now achieved a new first by simultaneously launching two new
polymer cellular phone replacement batteries at the same time for sale to the
general retail market." Julius Cirin, Ultralife Director of Marketing added,
"More than 100 million Nokia phones have been sold worldwide in the last few
years, representing a substantial battery replacement market from consumers
who would benefit from Ultralife's thin, light weight and long-life polymer
battery offerings."
Pricing and delivery information for both of the new Ultralife Polymer(TM)
batteries can be obtained by contacting Ultralife's sales department via the
company's web site at: ultralifebatteries.com, markets a comprehensive line of high-performance lithium
batteries. The company's primary (disposable) lithium batteries are used in a
wide variety of consumer, industrial, and military products. The company's
advanced polymer rechargeable batteries are used for cellular telephones,
computing devices, military and aerospace applications and many other portable
electronic products. Key customers include Fyrnetics, First Alert, Maple
Chase, Sears, Radio Shack, Eveready and the national defense agencies of the
United States and the United Kingdom.
This document contains certain forward-looking statements and information
that are based on the beliefs of management as well as assumptions made by and
information currently available to management. The statements contained in
this document relating to matters that are not historical facts are forward-
looking statements that involve risks and uncertainties, including, but not
limited to, future demand for the Company's products and services, the
successful commercialization of the Company's advanced rechargeable batteries,
general economic conditions, government and environmental regulation,
competition and customer strategies, technological innovations in the primary
and rechargeable battery industries, changes in the Company's business
strategy or development plans, capital deployment, business disruptions, raw
materials supplies, and other risks and uncertainties, certain of which are
beyond the Company's control. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may differ materially from those described herein as
anticipated, believed, estimated or expected. A more detailed description of
such uncertainties is contained in the Company filings with the Securities and
Exchange Commission, such as the Company's Annual Report on Form 10-K for the
fiscal year ended June 30, 1999.
Ultralife(R) and Ultralife Polymer(TM) are trademarks of Ultralife
Batteries, Inc. Detailed information on Ultralife is available at the
Company's web site: ultralifebatteries.com.
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