Ultralife Corporation Receives $1.3 Million Order (ULBI)

Ultralife Corporation (NASDAQ: ULBI) has received an order valued at $1.3 million from the Defense Logistics Agency (DLA) for its BA-5390 battery. This order represents the first release under the 5-year Indefinite Quantity Contract that commenced on September 14, 2010.

DLA has estimated the demand value for the base year at $5.3 million and has estimated the total award not to exceed $42.1 million. Deliveries under this order are anticipated to occur in the first half of 2011.

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