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Energy

Ultralife Batteries Scores Another Order (ULBI)

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By Douglas A. McIntyre Published
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Ultralife Batteries, Inc. (NASDAQ: ULBI) announced that it has received an order worth approximately $40 million.  The order is from a U.S. defense contractor to supply advanced communications systems and is a follow-on to the $62 million order the company announced on December 17.

The deliveries are expected to occur in 2008 with schedules to be agreed upon between Ultralife and the customer. For customer confidentiality reasons, Ultralife is not able to disclose either the customer’s name or details about this order.

The company says this result is an awarding of a total of over $100 million worth of orders for advanced communications systems.  Ultralife Batteries has a $246 million market cap and is expected to post $143.3 million and $194 million in revenues for 2007 and 2008, respectively.  Its 52-week trading range is $7.98 to $17.10 and closed at $16.75 on Monday; analysts have an average price target of $17.25.

Jon C. Ogg
December 26, 2007

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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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