Ultralife Announces Availability of Polymer Rechargeable Cells
biz.yahoo.com
Tuesday July 25, 1:00 pm Eastern Time
Company Press Release
SOURCE: Ultralife Batteries, Inc.
Ultralife Announces Availability of Polymer Rechargeable Cells Including World's Thinnest Polymer Cell
NEWARK, N.Y., July 25 /PRNewswire/ -- Ultralife Batteries, Inc. (Nasdaq: ULBI - news) today announced that two standard sizes of its ultra-light, Ultralife Polymer(TM) brand rechargeable cells are now available for sale to qualified Original Equipment Manufacturers (OEM's) and distributors worldwide. Cell model UBC443483 is 4.4 mm (less than 3/16 inch) thick, weighs 21.5 grams (0.8 oz.) and has a rated capacity of 725 mAh. Model UBC543483, at 5.4 mm (less than 1/4 inch) thick and 26 grams (0.9 oz.), is rated at 930 mAh. Both cells have a length of 83 mm (3.27 inches) and a width of 34 mm (1.34 inches). Ultralife also can produce a range of Polymer cells having the same length and width dimensions, but with varying thickness, down to less than 1 mm, making it the world's thinnest Polymer cell available. The standard cells, while originally designed for cellular and GSM phones, are also ideal for use in a wide variety of portable applications in the wireless communications, computing, medical, security, military and aerospace markets. Cell specifications and pricing are available by contacting Ultralife's sales department. Specifications are also available at the company's web site: ultralifebatteries.com.
John Kavazanjian, Ultralife President and Chief Executive Officer stated, ``We have worked diligently during the past year to both improve the performance of our polymer cells and prepare our manufacturing processes for high-volume production. This hard work has now culminated in our ability to proudly introduce our cells for immediate sale.'' Julius Cirin, Ultralife Director of Marketing added, ``Product designers have always said that thin, light, high-energy batteries would greatly enhance the design and capabilities of their products, allowing them to provide what today's portable electronics customers continue to demand: more powerful devices in smaller and lighter packages. Ultralife's polymer cells now provide those capabilities.''
Ultralife has supplied sample cells off its fully automated high-speed production line in its Newark, New York factory to numerous OEM's and distributors for testing during the last few months, and has received very positive feedback on their overall performance. The production line has completed its final qualification and is now in the process of undergoing a planned ramp-up, which will result in an initial Polymer cell production capability of 200,000 cells per month before the end of calendar 2000. Initial orders for cells are anticipated to be received during the 2nd half of the year.
About Ultralife
Ultralife Batteries, Inc., an ISO-9001 quality certified company, manufactures and 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, 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.
Detailed information on Ultralife is available at the Company's web site, ultralifebatteries.com.
SOURCE: Ultralife Batteries, Inc. |
