Ultralife Corp. (ULBI) Signs $5.5 Million Supply Contract with Major Defense Contractor

QualityStocks would like to highlight Ultralife Corporation (NASDAQ: ULBI). Ultralife, which began as a battery company, 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.

In the company’s news yesterday,

Ultralife Corp. announced it has received a $5.5 million supply contract with a major international defense contractor. Per the agreement, Ultralife will supply its suite of Land Warrior Lithium non-rechargeable batteries and rechargeable Lithium Ion batteries and charging systems for use with the Land 200 Battle Management System by the Australian military.

Land Warrior is a modular fighting system that utilizes technology to improve the user’s close-combat tactical awareness, lethality and survivability. The system is equipped with weapon-mounted sensors, an integrated helmet assembly, a communications-navigation computer system and software for friendly-force tracking and command/control programs, and it incorporates Ultralife’s battery models LI-145, LI-80, LM-145 and CH0006 Charger and Adapters.

John D. Kavazanjian, Ultralife president and CEO, said the company’s reputation precedes it in the marketplace, specifically to the U.S. Department of Defense.

“Our capabilities in developing and supplying technically-advanced defense communications and power systems, which we have demonstrated to the U.S. Department of Defense across a wide variety of military programs, are increasingly being recognized by our international allies,” Kavazanjian stated in the press release. “In this case, our Land Warrior product suite will be used to support the Australian military’s Land 200 Battle Management System, a program for which we are already supplying our A320 RF pocket amplifiers.”

The company said deliveries are scheduled to begin in the first quarter of 2011 and be completed by the fourth quarter of 2012.

About QualityStocks

QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their advertising efforts and now has over 750,000+ subscribers that receive The Daily Stock Newsletters.

To sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net

Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net

Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.