Ultralife Corporation Receives $7.5 Million Communications Systems Contract
09/22/2022 - 08:00 AM
NEWARK, N.Y., Sept. 22, 2022 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ: ULBI) has received a contract valued at approximately $7.5 million to supply its integrated system of A-320 amplifiers and A-320HVA radio vehicle mounts to a major international defense contractor for an ongoing government/defense modernization program. Deliveries are expected to commence in the fourth quarter of 2022 and continue through the first half of 2023.
“This contract further demonstrates our success in executing a key element of our revenue growth strategy – the broadening of our global presence with international allies by extending our core U.S. government and defense business,” said Michael D. Popielec, Ultralife’s President and Chief Executive Officer. “Our amplifier platform provides a technically advanced building block for the increasingly complex, secure communications systems required for soldier modernization. In this case, our integrated amplifiers and radio vehicle mounts have once again been selected as a critical component of a multi-year communications modernization program.”
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 .
ULBI Rankings
#469 Ranked by Stock Gains
ULBI Stock Data
Industry
Primary Battery Manufacturing
Sector
Manufacturing
Tags
Producer Manufacturing, Electrical Products, Manufacturing, Primary Battery Manufacturing
Country
US
City
Newark
About ULBI
ultralife corporation began as a battery company and now offers products and services ranging from portable and standby power solutions to communications and electronics systems. the battery and energy products group offers a complete range of rechargeable and non-rechargeable batteries, chargers, and accessories to commercial, medical and military customers. whilst ultralife's communication systems group offers a complete set of power and amplification products that compliment many of the commercial and military portable radio and communications sets. ultralife's family of brands includes: ultralife batteries, able, mcdowell research, amti and accutronics ltd with operations in north america, europe and asia. ultralife was incorporated in 1990 and became a public company in 1992, shares trade on the nasdaq under the symbol ulbi. stay in the loop with the latest news from ultralife battery & energy or ultralife communications systems with our new linkedin showcase pages. we will be usi