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ISSUER FREE WRITING PROSPECTUSES
Filed Pursuant to Rule 433
Issuer Free Writing Prospectus dated November 8, 2007
Relating to Prospectus Supplement dated November 8, 2007
to Prospectus dated September 22, 2006
Registration No. 333-136742
1,000,000 Shares
Ultralife Batteries, Inc.
Common Stock
TERM SHEET
     
Issuer
  Ultralife Batteries, Inc.
 
   
Ticker/Exchange
  ULBI/NASDAQ Global Market
 
   
Offering size
  1,000,000 shares by the issuer
 
   
Over-allotment option
  None
 
   
Public offering price
  $13.50 per share
 
   
Sales commission
  $0.675 per share
 
   
Net proceeds to issuer
  $12.575 million, of which approximately $6.0 million will be used to fund the acquisition of Stationary Power Services, Inc., approximately $4.5 million will be used to repay borrowings related to recent acquisitions and remaining amounts will be used for general working capital purposes.
 
   
Trade date
  November 9, 2007
 
   
Settlement date
  November 15, 2007
 
   
Placement agent
  Stephens Inc.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer or the placement agent will arrange to send you the prospectus if you request it by calling Stephens Inc. toll-free at 1-800-643-9691.
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