Ultralife Batteries, Inc. (NASDAQ: ULBI) has received an order valued at more than $8...
Ultralife Batteries Awarded Contract Worth Approximately $7 Million By U.K. Ministry of Defence
Category: Military Battery Contracts | 20/03/2007 - 09:54:20
Ultralife will provide the MoD with batteries manufactured by EaglePicher Technologies, LLC through a supply agreement. Deliveries are expected to begin this quarter and be completed in the fourth quarter.
"This very significant contract offers clear evidence of the depth of Ultralife's international selling capabilities," said John D. Kavazanjian, Ultralife's president and chief executive officer. "While we already supply our industry-leading lithium-manganese dioxide BA-5390 batteries to the MoD, we recognize that our customers sometimes require alternatives. In this case our ability to win this contract by sourcing through EaglePicher represents a major achievement in unseating an incumbent supplier and demonstrates our flexibility in supplying our customers with the products they require."
"All of us at EaglePicher Technologies are thrilled that Ultralife has selected our 5590 battery as part of this significant win," said Steve Westfall, President, EaglePicher Technologies, LLC. "It is an example of how we are growing our business. As a supplier, our goal is to make this relationship seamless and transparent with quality products delivered on schedule."
Newark, N.Y., March 14, 2007