| | Business Summary | | Ultralife
Batteries,
Inc.
develops,
manufactures
and
markets
primary
lithium
batteries
for
use
in
a
wide
array
of
applications
and
has
developed
and
is
in
the
process
of
commercializing
rechargeable
polymer
batteries.
The
Company
believes
that
its
proprietary
technologies
allow
it
to
offer
batteries
that
are
ultra-thin,
lightweight
and
generally
achieve
longer
operating
time
than
many
competing
batteries
currently
available.
To
date,
the
Company
has
focused
on
manufacturing
a
family
of
lithium
primary
batteries
for
consumer,
industrial,
and
military
applications.
The
Company
is
currently
focusing
on
the
commercialization
of
its
advanced
rechargeable
batteries,
which
are
based
on
its
proprietary
polymer
technology
and
are
integrated
into
consumer
electronic
applications
such
as
portable
computers
and
cellular
telephones.
The
Company
reports
its
results
in
four
operating
segments:
Primary
Batteries,
Rechargeable
Batteries,
Technology
Contracts
and
Corporate. | | Financial Summary | | Ultralife
Batteries,
Inc.
develops,
manufactures,
and
markets
primary
and
rechargeable
high-technology
lithium
batteries
for
the
industrial,
military
and
consumer
markets.
For
the
three
months
ended
9/30/99,
revenues
rose
47%
to
$6.2
million.
Net
loss
fell
less
than
1%
to
$1.9
million.
Revenues
reflect
increased
shipments
of
9-volt
lithium
batteries
and
greater
sales
of
high
rate
batteries.
Lower
loss
reflects
decreased
expenses
associated
with
research
and
development. Recent Earnings Announcement
For
the
3
months
ended
12/31/1999,
revenues
were
6,677;
after
tax
earnings
were
-2,989. (Preliminary; reported in thousands of dollars.) | | | | FY1999 Pay | |
| Arthur Lieberman, 64
Chairman | -- | John Kavazanjian, 48
Pres
and CEO | -- | Robert Fishback
CFO | -- | Bruce Jagid, 59
Director | $351K | Joseph Barrella, 53
CTO | 208K | | Dollar
amounts are as of 30-June-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
|
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