News Release from: Ultralife Batteries
Edited by the Electronicstalk Editorial Team on 21 February 2005
Contract to help US military battery swap
Ultralife Batteries and its UK subsidiary have been awarded the 60% and the 40% shares, respectively, of the Next Gen II, Phase IV five-year battery production contracts by the US Defense Department.
Note: Readers of the Editor’s free email newsletter will have read this news when it was announced. . It’s free!
Ultralife Batteries and its UK subsidiary have been awarded the 60% and the 40% shares, respectively, of the Next Gen II, Phase IV five-year battery production contracts by the US Defense Department. These contracts, which could reach a maximum value of $286 million, are for the production of five types of primary (nonrechargeable) lithium-manganese dioxide batteries for the US military. Production shipments of each battery type will commence following qualification.
Consistent with its previous guidance, the company expects to recognise some revenue under these contracts in the second quarter of 2005, with substantial revenues anticipated in the second half.
'We have achieved another great milestone with this largest contract win in our company's history', said John D Kavazanjian, Ultralife's President and Chief Executive Officer.
'This award supports the US military's goal of converting from lithium-sulphur dioxide to lithium-manganese dioxide batteries, as most of the major lithium battery types used by the military will now be available in this high-performance chemistry'.
'It is also a powerful validation of our strategy of applying our leadership technology to markets in which it is advantaged'.
'Combined with the award of the Next Gen II Small Cylindrical Battery contract, which we received in 2002, this new multi-year contract solidifies our position in the military market, one element of our strategic plan to achieve annual revenues of $200 million within the next three to five years'.
NextGen II is the US military's five-year battery procurement strategy.
The Phase IV production contracts were awarded to Ultralife's US and UK operations to provide five types of primary (nonrechargeable) lithium-manganese dioxide batteries.
The five battery types - BA-5390/U, BA-5312/U, BA-5398/U, BA-5388/U and BA-5357/U - comprise the Rectangular Lithium Manganese Dioxide Battery Group.
A major objective of this five-year procurement strategy is to establish and maintain a production base of a sufficient capacity to timely meet peacetime demands and have the ability to surge quickly to meet deployment demands.
The BA-5390/U, the most widely used of the five battery types, is a 15 or 30V battery used to power the PRC-119 SINCGARS (single channel ground and airborne radio system), as well as more than 50 other applications.
The BA-5312/U is a 12V battery used in the PRC-112 survival radio.
The BA-5398/U is a 15V battery used in the PRC-77 radio and other applications.
The BA-5388 is a 15V battery used in the PRC-126 and other handheld radios, and the BA-5357 is a 15 or 30V battery used in the PSG-2A message device and other applications.
• Ultralife Batteries: contact details and other news
• Other news in Batteries and Chargers
• Email this news to a colleague
•
• RSS news feed for Ultralife Batteries
• RSS news feed for Batteries and Chargers
• Electronicstalk Home Page
Copyright © 2000-2006 Pro-Talk Ltd, UK. Based on news supplied by Ultralife Batteries