VLNC did not get this contract - even though one assumes that the British Ministry of Defence knows very well what is going in in Northern Ireland...... Hate to think that VLNC being in Northern Ireland could have in any way been a factor.
Tuesday May 27 12:40 PM EDT Company Press Release
Source: Ultralife Batteries, Inc.
Ultralife Batteries, Inc. Awarded $2.5 Million Contract by British Ministry of Defence
NEWARK, N.Y., May 27 /PRNewswire/ -- Ultralife Batteries, Inc. (Nasdaq:ULBI) announced today that it has been awarded a supply contract from the British Ministry of Defence (MOD) valued at more than $2.5 million over the next three years (to March, 2000). The contract value could increase to approximately $3.7 million if options are exercised for increased quantities during the second and third years of the contract. The contract calls for Ultralife to produce high-energy, non-rechargeable batteries for use in military equipment. Ultralife will commence delivery of these batteries in approximately July, 1997. The batteries are manufactured by Ultralife's subsidiary, Ultralife Batteries (UK) Ltd., in Abingdon, England.
``The Ministry of Defence awarded this contract to Ultralife after a competitive tender assessment, which included technical evaluation of prototype production batteries,'' said James Sullivan, Ultralife Vice President of Sales. ``The contract reflects Ultralife's high quality standards; our manufacturing facility in the U.K. recently earned ISO-9001 certification for quality assurance. I am confident that Ultralife's superior technical capabilities and commitment to quality will enable the company to win additional government contracts during fiscal 1997 and significantly increase revenues in this important market segment.''
In addition to the British MOD, Ultralife produces batteries for other international government agencies, the U.S. Department of Defense, and a number of major U.S. government contractors, including Lockheed Martin, McDonnell Douglas and Racal Corporation.
Ultralife Batteries, Inc. manufactures and markets a comprehensive line of high-performance lithium batteries. The company's primary (non-rechargeable) lithium batteries are used in a wide variety of consumer, industrial and military products, from smoke detectors to F-14 fighter jets. The company's unique Solid State System lithium-ion rechargeable batteries are being commercialized for high-volume applications including cellular telephones and portable computers.
Detailed information on Ultralife is available at the company's World Wide Web site at ulbi.com.
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SOURCE: Ultralife Batteries, Inc.
Contact: Fred Drulard of Ultralife Batteries, 315-332-7100 |
