Ultralife Corporation develops advanced power solutions and communications equipment primarily for government, defense, and commercial markets, with a longstanding industry presence and a focus on innovation.

# Ultralife Corporation Company Summary

**Company Name:** Ultralife Corporation  
**Location:** 2000 Technology Parkway, Newark, New York, 14513  
**Founded:** (Not specified in the provided text)  
**Stock Exchange:** NASDAQ (trading symbol: ULBI)  
**Par Value of Stock:** $0.10 per share  
**Number of Shares Outstanding (as of April 25, 2025):** 16,632,965 shares  
**Market Capitalization (as of June 30, 2024):** Approximately $107,463,992

---

## Business Focus
Ultralife Corporation develops, manufactures, and markets advanced power solutions and communications equipment primarily for government, defense, and commercial markets.

### Core Business Segments
- **Battery & Energy Products**: Focuses on rechargeable and primary battery cell design across multiple chemistries for both commercial and government/defense markets.
- **Communications and Connectivity**: Provides communication-related products and systems (specific products not detailed in the provided text).

---

## Customers
- Serves both **commercial** and **government/defense markets**.
- The company has "almost thirty years’ experience in the battery industry" indicating a significant presence in the defense and commercial battery markets.
- Specific customer counts are not provided, but the company’s products support a broad array of applications that likely include military, industrial, and commercial clients.

---

## Employees
- The company has **approximately 16,632,965 shares** of common stock outstanding.
- The exact number of employees is not stated in the provided text.

---

## Revenue and Income
- The company’s fiscal year ends on December 31, 2024.
- Specific revenue and net income figures are not provided in the excerpt.
- The company noted that it is a "smaller reporting company" under SEC rules, indicating relatively smaller total revenues and net income compared to larger filers, but exact figures are not disclosed here.

---

## Governance and Management Highlights
- **CEO**: Michael E. Manna, who has nearly 30 years of experience in the battery industry, primarily with Ultralife.
- **Employees & Officers**: The CEO and CFO are the key executive officers; detailed employee count is not provided.

---

## Summary
Ultralife Corporation specializes in developing and producing advanced power sources, notably rechargeable and primary batteries, for use in defense, commercial, and industrial applications. It has a longstanding experience in the battery industry, with an emphasis on innovation, including patent awards and market-first products like Lithium-Ion Polymer Cells. The company is publicly traded with a market value of over $107 million as of mid-2024, and it serves a diverse customer base across government and commercial sectors worldwide.

Ultralife Corporation is a leading provider of advanced battery technologies and energy solutions, serving commercial and defense markets with reliable power supply systems.


# Company Overview: Ultralife Corporation

### Business Description
Ultralife Corporation is a leading provider of battery and energy solutions, specializing in the design, manufacturing, and distribution of advanced battery technologies. The company primarily serves various commercial and defense markets, focusing on applications requiring reliable and efficient power supply systems.

### Products and Services
Ultralife Corporation produces a wide range of products which include:
- **Rechargeable Batteries:** These are designed for a variety of applications and markets, including medical, military, and industrial sectors.
- **Primary Batteries:** Offering high energy density and long shelf life, suitable for consumer electronics and other temporary use applications.
- **Energy Systems:** Integration of energy storage systems that include battery packs and charge management systems.
- **Communication Systems:** Products and solutions that ensure reliable power delivery and function in communication and electronics.

### Market and Customer Base
- The company has a diverse customer base that includes government entities, defense contractors, medical device manufacturers, and industrial companies.
- Ultralife serves **thousands of customers** across multiple regions, although precise customer counts are not disclosed in the reports.

### Financials
- **Employees:** Ultralife Corporation has approximately **400 employees** worldwide.
- **Revenue:** For the fiscal year ended December 31, 2023, Ultralife reported total revenue of approximately **$156.5 million**.
- **Income:** The consolidated operating profit for the same period was reported at approximately **$7.7 million**.

### Corporate Structure
- The company is publicly traded under the ticker symbol **ULBI** on the NASDAQ.
- Ultralife Corporation was incorporated in the state of Delaware and is headquartered at 2000 Technology Parkway, Newark, New York, 14513.

### Research and Development
Ultralife's commitment to innovation is reflected in its robust research and development efforts, focusing on the advancement of battery technology and energy solutions. The company holds numerous patents in battery design and technology.

### Conclusion
Ultralife Corporation stands out in the energy solutions industry with its comprehensive product offerings, strategic market positioning, and a solid commitment to technological innovation. The company aims to continue growing its revenues and reinforcing its position in both commercial and defense sectors.



ULTRALIFE CORP

10-K / April 28, 2025

10-K / April 26, 2024

10-K / April 28, 2025

Ultralife Corporation Company Summary

Business Focus

Core Business Segments

Customers

Employees

Revenue and Income

Governance and Management Highlights

Summary