UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
March 14, 2007
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)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b)
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 7.01. Regulation FD Disclosure.
Ultralife Batteries, Inc. (the "Company") has received a contract valued at
approximately $7 million to supply BA-5590 lithium-sulfur dioxide batteries to
the U.K. Ministry of Defence. 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.
The Company's press release is attached as Exhibit 99.1 to this Form 8-K. The
information set forth in this Form 8-K and the attached exhibit is being
furnished to and not filed with the Securities and Exchange Commission and shall
not be deemed to be incorporated by reference in any filing under the Securities
Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended,
except to the extent specifically provided in any such filing.
Item 9.01. 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 March 14, 2007.
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: March 14, 2007
By: /s/ Peter F. Comerford
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Peter F. Comerford
Vice President of Administration &
General Counsel
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INDEX TO EXHIBITS
(99) Additional Exhibits
99.1 Press Release dated March 14, 2007.
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Exhibit 99.1
Ultralife Batteries Awarded Contract Worth Approximately $7 Million By U.K.
Ministry of Defence
NEWARK, N.Y.--(BUSINESS WIRE)--March 14, 2007--Ultralife Batteries, Inc.
(NASDAQ: ULBI) has received a contract valued at approximately $7 million to
supply BA-5590 lithium-sulfur dioxide batteries to the U.K. Ministry of Defence.
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."
About Ultralife Batteries, Inc.
Ultralife is a global provider of high-energy power solutions and
communications accessories for diverse applications. The company develops,
manufactures and markets a wide range of non-rechargeable and rechargeable
batteries, charging systems and accessories for markets including defense,
commercial and consumer portable electronics. Through its portfolio of standard
products and engineered solutions, Ultralife is at the forefront of providing
the next generation of power systems and accessories. Defense, commercial and
retail customers include: General Dynamics, Philips Medical Systems, General
Motors, Energizer, Kidde Safety, Lowe's, Radio Shack and the national defense
agencies of the United States, United Kingdom, Germany, Australia and New
Zealand, among others.
Ultralife's headquarters, principal manufacturing and research facilities
are in Newark, New York, near Rochester. Ultralife's three other operating units
are: Ultralife Batteries (UK) Ltd., in Abingdon, England; McDowell Research in
Waco, Texas; and ABLE New Energy in Shenzhen, China. Detailed information on
Ultralife is available at: www.ultralifebatteries.com.
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: Addressing the process of U.S. military procurement, 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 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.
Ultralife(R) is a registered trademark of Ultralife Batteries, Inc.
CONTACT: Ultralife Batteries, Inc.
Pete Comerford, 315-332-7100
pcomerford@ulbi.com
or
Investor Relations:
Lippert/Heilshorn & Associates, Inc.
Jody Burfening, 212-838-3777
jburfening@lhai.com