Ultralife Corporation Awarded $4.6 Million Communications Systems Vehicle Amplifier-Adaptor Order
Ultralife Corporation (NASDAQ: ULBI) has received a purchase order worth approximately $4.6 million from a global defense contractor for its Vehicle Amplifier-Adaptors (VAA).
Sentiment and the balance of points
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Rhea-AI Summary
Ultralife Corporation (NASDAQ: ULBI) has received a purchase order worth approximately $4.6 million from a global defense contractor for its Vehicle Amplifier-Adaptors (VAA). This order underscores the company's commitment to advanced communication systems. Deliveries are slated to begin in 2022. CEO Michael D. Popielec expressed enthusiasm for the order, highlighting its validation of Ultralife's product development strategy. The company, which operates in North America, Europe, and Asia, produces a range of power solutions and communication systems.
Positive
- Awarded a $4.6 million order for Vehicle Amplifier-Adaptors.
- Order signifies strong demand for advanced communication systems.
- Shipments expected to begin in 2022, promising near-term revenue.
Negative
- None.
Details
News Market Reaction – ULBI
The recorded move for ULBI in the trading session of this news was -0.45%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEWARK, N.Y., July 26, 2022 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ: ULBI) has been awarded a purchase order valued at approximately
“We are delighted to receive this order that further attests to the effectiveness of our new product development strategy of designing and building technically advanced, integrated communication systems devices in collaboration with our strategic partners,” said Michael D. Popielec, Ultralife’s 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 www.ultralifecorporation.com.
| Company Contact: Ultralife Corporation Philip A. Fain (315) 210-6110 pfain@ulbi.com | Investor Relations Contact: LHA Jody Burfening (212) 838-3777 jburfening@lhai.com |
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