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To: richardred who wrote (2239)10/20/2009 10:52:31 AM
From: richardred  Read Replies (1) | Respond to of 7242
 
Ultralife Corporation Receives $20 Million SATCOM-On-The-Move System Order

Company also Received and Supplied Systems against Additional $2 Million Order

* Press Release
* Source: Ultralife Corporation
* On 7:05 am EDT, Tuesday October 20, 2009

NEWARK, N.Y.--(BUSINESS WIRE)--Ultralife Corporation (NASDAQ: ULBI - News) has received an order valued at approximately $20 million for its SATCOM-On-The-Move systems from a U.S. defense contractor under its Indefinite Delivery/Indefinite Quantity (IDIQ) contract for use in a variety of military vehicles unrelated to the MRAP All Terrain Vehicle (M-ATV) program. The company received an additional order valued at approximately $2 million for its SATCOM-On-The-Move systems directly from the U.S. Navy’s Space and Naval Warfare Systems Command (SPAWAR), which was shipped in the third quarter. Deliveries against the $20 million IDIQ order are expected to begin this quarter and be completed in the first quarter of 2010.

“These orders illustrate the broad need for SATCOM systems in various military vehicle programs. Our SATCOM systems will be installed in a variety of existing vehicles, such as HUMVEEs and MRAPs,” said John D. Kavazanjian, president and chief executive officer. “We are pleased that our battle-tested SATCOM systems combined with our proven ability to meet customer requirements continue to gain recognition for being one of the preferred choices for critical defense communications applications. We are continuing to aggressively tackle sales opportunities with both U.S. and allied defense organizations for our SATCOM and other advanced communications systems.”

About Ultralife Corporation

Ultralife Corporation, which began as a battery company, now serves its markets with products and services ranging from portable and standby power solutions to communications and electronics systems. Through its engineering and collaborative approach to problem solving, Ultralife serves government, defense and commercial customers across the globe.

Ultralife’s family of brands includes: Ultralife Batteries, Stationary Power Services, RPS Power Systems, ABLE, McDowell Research, RedBlack Communications and AMTI. Ultralife’s operations are in North America, Europe and Asia. For more information on Ultralife, visit www.ultralifecorp.com.

This press release may contain forward-looking statements based on current expectations that involve a number of risks and uncertainties. The potential risks and uncertainties that could cause actual results to differ materially include: worsening global economic conditions, increased competitive environment and pricing pressures, disruptions related to restructuring actions and delays. The Company cautions investors not to place undue reliance on forward-looking statements, which reflect the Company’s analysis only as of today’s date. The Company undertakes no obligation to publicly update forward-looking statements to reflect subsequent events or circumstances. Further information on these factors and other factors that could affect Ultralife's financial results is included in Ultralife's Securities and Exchange Commission (SEC) filings, including the latest Annual Report on Form 10-K.

Contact:

Ultralife Corporation
Julius Cirin, 315-332-7100
jcirin@ultralifecorp.com
or
Investor Relations:
Lippert/Heilshorn & Associates, Inc.
Jody Burfening, 212-838-3777
jburfening@lhai.com

finance.yahoo.com



To: richardred who wrote (2239)12/7/2010 1:17:08 PM
From: richardred  Read Replies (2) | Respond to of 7242
 
It's been awhile. Backyard company ULBI is finally starting to show some signs of life. New 52 week high.

Battery Technology Stocks Soar On New Contracts
finance.yahoo.com

IMO also some buzz about wind power?
ULBI has a contract not big, but it's a start.
Maybe nothing, but definitely some interest here of late.

Storage System
in News Departments > Projects & Contracts
by NAW Staff on Tuesday 04 May 2010
email the content item print the content item

Ultralife Corp. has been awarded a total of $3 million by the New York State Energy Research and Development Authority (NYSERDA) and the New York Power Authority (NYPA).

Ultralife will use the funding to demonstrate its new lithium-ion battery energy-storage system to support a wind turbine demonstration project planned for installation on the campus of the State University of New York at Canton (SUNY Canton).

Ultralife will manufacture an advanced 2 MWh lithium-ion battery energy-storage system for integration with a single wind turbine that is expected to be installed and operational in 2011.

The energy-storage system is based on Ultralife's existing modular lithium ion battery system technology and will be designed to support the SUNY Canton electrical power demand with a capacity to store 2 MWh of electrical power and deliver that power at a rate of up to 500 kW for up to four hours.

This demonstration project will evaluate the technical capability and economic benefits of advanced electric energy-storage system batteries integrated with wind turbine generating systems. As such, it is intended to serve as a model for integration of a managed energy-storage system with a utility-scale wind power turbine for renewable wind facilities nationwide.

The project will result in data to confirm the technical performance and economic benefits of Ultralife's energy-storage system, specifically targeting renewable and alternative energy integration, peak shifting, peak shaving, frequency regulation and other energy-storage applications.

With excess power generated by the wind turbine to be controlled in a "dispatchable" manner, SUNY Canton will be able to reduce campus peak demands and target specific utility rate structures to lower electricity costs. SUNY Canton is supporting the siting of both the wind turbine and energy-storage projects.

SOURCE: Ultralife Corp.

nawindpower.com.