SubscribeUltralife Batteries, Inc. (NASDAQ: ULBI) through its McDowell Research unit, has been awarded a contract valued at approximately $9 million from a major U.S. defense contractor for the production and delivery of Integration Kits supporting military communications systems for installation on military vehicles.
Deliveries are expected to begin this quarter and be completed in the second quarter of 2007.
"Both Ultralife and McDowell share a philosophy of delivering value to customers through the integration of proven products into complete power systems and a commitment to continue employing this approach to enlarge our presence in the growing prime contractor segment of the military market," said John Kavazanjian, Ultralife's president and chief executive officer.
"In this case, we were awarded the contract because of the breadth of our core product offerings, our past performance, and responsiveness in supplying these types of systems to both prime contractors and directly to the military. As a result, Ultralife is now further diversifying its military business and strengthening its ties to existing customers who place a premium on engineering expertise and high performance power systems."
The Integration Kits consist of a combination of McDowell's MIK-21-75 Vehicle Kit and its MRC-195 Communication Case. The MIK-21-75 is designed as a permanent installation on High Mobility Multipurpose Wheeled Vehicles (HMMWV) while the MRC-195 is a transportable case system to allow for the movement of the system to areas of interest. The integration kits will enable the U.S. Military to conduct secure broadband communications, including satellite communications, from wheeled vehicles.
Newark, N.Y., Oct. 31, 2006
