Ultralife Corporation Receives $49.8 Million IDIQ Award from Defense Logistics Agency for Its New CFx Military Batteries
October 02 2017 - 9:22AM
Ultralife Corporation (NASDAQ:ULBI) has received a firm-fixed
price, indefinite-delivery/indefinite-quantity contract for
purchases not to exceed $49.8 million from the U.S. Government’s
Defense Logistic Agency (DLA) for its hybrid lithium manganese
dioxide/carbon monofluoride (CFx) non-rechargeable BA-5790 and
BA-5795 batteries. The award is for five years with the amounts and
timing of deliveries at the discretion of the DLA. Initial
deliveries under this contract are expected to begin by the first
quarter of 2019.
“Ultralife is a long-standing supplier to the
U.S. military focused on the continued development of new products
to meet the ongoing needs of the warfighter. Building on the
success of our existing lithium manganese dioxide family of primary
batteries, our new CFx batteries deliver 1.5 times the energy in
the same size and weight as our legacy batteries making them ideal
for longer duration missions, while maintaining our proven safety,
performance and reliability under the toughest of conditions,” said
Michael D. Popielec, President and Chief Executive Officer.
About Ultralife Corporation
Ultralife Corporation serves its markets with
products and services ranging from 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.
Headquartered in Newark, New York, the Company's
business segments include: Battery & Energy Products and
Communications Systems. Ultralife has operations in North America,
Europe and Asia. For more information, visit
http://www.ultralifecorporation.com.
Company
Contact:Ultralife
CorporationPhilip A.
Fain (315)
210-6110pfain@ulbi.com
Investor Relations
Contact:LHAJody
Burfening(212)
838-3777jburfening@lhai.com
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