UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
May 21, 2003
ULTRALIFE BATTERIES, INC.
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation or organization)
0-20852 16-1387013
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(Commission File Number) (I.R.S. Employer Identification No.)
2000 Technology Parkway, Newark, New York 14513
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(Address of principal executive offices) (Zip Code)
(315) 332-7100
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(Registrant's telephone number, including area code)
Item 7. Financial Statements, Pro Forma Financials and Exhibits.
(a) Financial Statements of Business Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits.
99.1 Press Release dated May 21, 2003
Item 9. Regulation FD Disclosure.
The Company announced that it has been awarded a contract for its BA-5390/U
battery (previously UBI5390) valued at approximately $19 million, by the U.S.
Army Communications Electronics Command (CECOM). Refer to the attached Exhibit
99.1 for the entire text of the release, which Exhibit is being furnished but
not filed in accordance with Regulation FD.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ULTRALIFE BATTERIES, INC.
Dated: May 21, 2003 By: /s/Robert W. Fishback
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Robert W. Fishback
Vice President - Finance and
Chief Financial Officer
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Index to Exhibits
(99) Additional Exhibits
99.1 Press Release dated May 21, 2003
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Exhibit 99.1
Company Contact:
Ultralife Batteries, Inc.
Peter Comerford
(315) 332-7100
pcomerford@ulbi.com
Investor Relations Contact:
Lippert/Heilshorn & Associates, Inc.
Jody Burfening
(212) 838-3777
jks@lhai.com
Media Contact:
Lippert/Heilshorn & Associates, Inc.
Chenoa Taitt
(212) 201-6635
ctaitt@lhai.com
Ultralife Batteries, Inc. Awarded $19 Million Army Battery Contract
Company's BA-5390/U Battery in High Demand
Newark, New York - May 21, 2003 - Ultralife Batteries, Inc. (NASDAQ: ULBI) today
announced that it has been awarded a contract for its BA-5390/U battery
(previously UBI5390) valued at approximately $19 million, by the U.S. Army
Communications Electronics Command (CECOM). The order represents the fourth and
largest contract to date for this battery. Shipments will begin in July and
continue into the fourth quarter.
This contract announcement is unrelated to the upcoming Next Gen II Phase IV,
5-year battery procurement for this and other battery types, in which Ultralife
plans to participate through the normal bidding process.
John D. Kavazanjian, Ultralife's president and chief executive officer, said,
"This new order represents another significant accomplishment toward the
realization of our goal to produce $65 million in revenue in 2003. The military
battery market is growing and we have positioned Ultralife as the leader in
safe, high capacity batteries both in wartime and in peacetime."
Joseph N. Barrella, Ultralife's senior vice president of new business
development, said, "The benefits of our battery, with significantly more energy
than the other commonly fielded battery, have been clearly recognized by the
soldiers. Ultralife's technology meets the Army's need for longer-lasting
batteries to supply and service rapid deployments and flexible missions."
The BA-5390/U is a lithium/manganese dioxide primary (non-rechargeable) battery,
and, with 50 percent more energy, is an alternative to the lithium/sulfur
dioxide BA-5590/U battery, the most widely used military battery in the U.S.
Armed Forces. The BA-5390/U is widely used to power more than 50 military
applications, such as the AN/PRC-119 SINCGARS (Single Channel Ground and
Airborne Radio System) and the Javelin Medium Anti-Tank Missile Control Launch
Unit. The BA-5390/U provides soldiers with the latest and best battery
technology in a cost effective manner. More energy in each battery provides
longer mission time with fewer batteries for soldiers to carry, and fewer
batteries to ship and dispose of, all of which reduce cost to the Army.
About Ultralife Batteries, Inc.
Ultralife is a leading developer, manufacturer, and marketer of customized and
standard lithium primary, lithium ion and lithium polymer rechargeable
batteries. Ultralife manufactures high-energy batteries utilizing advanced
lithium technology. Our Primary (non-rechargeable) and lithium ion and lithium
polymer rechargeable batteries are used in military, industrial and consumer
portable electronic products. OEM and retail customers include Energizer, Kidde
Safety, Philips Medical Systems, Radio Shack and the national defense agencies
of the United States, United Kingdom and Germany.
This press release may contain forward-looking statements based on current
expectations that involve a number of risks and uncertainties. The potential
risks and uncertainties that could cause actual results to differ materially
include: worsening global economic conditions, increased competitive environment
and pricing pressures, disruptions related to restructuring actions and delays.
Further information on these factors and other factors
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that could affect Ultralife's financial results is included in Ultralife's
Securities and Exchange Commission (SEC) filings, including the latest Annual
Report on Form 10-K.
Detailed information on Ultralife is available at the Company's web site,
www.ultralifebatteries.com.
Ultralife(R) is a registered trademark of Ultralife Batteries, Inc.
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