Company Overview

Ultralife Corporation is a U.S.-based manufacturer of advanced power solutions and communications systems serving government, defense, medical, industrial, and commercial markets. The company operates primarily in the battery and energy products industry and the defense communications and electronics sector, providing mission-critical products designed for reliability, safety, and long service life. Its offerings are commonly used in applications where failure is not an option, such as military operations, emergency response, medical devices, and industrial infrastructure.

Ultralife’s primary revenue drivers include the design and manufacture of lithium primary and rechargeable batteries, battery packs, chargers, power systems, and tactical communications equipment. The company has developed a niche position by focusing on ruggedized, high-performance solutions tailored to demanding operating environments. Founded in 1992, Ultralife has evolved from a specialty battery manufacturer into a diversified power and communications solutions provider through organic development and targeted acquisitions aligned with defense and critical infrastructure markets.

Business Operations

Ultralife operates through two primary business segments: Battery & Energy Products and Communications Systems. The Battery & Energy Products segment designs and manufactures lithium primary batteries, lithium-ion rechargeable batteries, battery packs, chargers, and integrated power solutions sold to defense, medical, safety, and industrial customers. Revenue in this segment is driven by long-term supply agreements, recurring demand for replacement batteries, and customized energy solutions.

The Communications Systems segment focuses on tactical radio systems, amplifiers, networking devices, and secure communication accessories, primarily for U.S. and allied military customers. Ultralife conducts manufacturing and engineering operations in the United States and internationally, with vertically integrated capabilities that include product design, testing, and assembly. Key subsidiaries supporting operations include Ultralife Batteries, Inc., AMTI, and Excell Battery, each contributing specialized capabilities in power systems or defense communications.

Strategic Position & Investments

Ultralife’s strategy emphasizes growth in defense, public safety, and industrial markets where long product lifecycles and stringent performance requirements create barriers to entry. The company has pursued selective acquisitions to expand its communications systems portfolio and deepen relationships with military and government customers, while continuing internal investment in battery chemistry, safety, and energy density improvements.

Notable investments include the acquisition of AMTI, which strengthened Ultralife’s position in tactical communications and radio frequency amplification. The company continues to focus on emerging opportunities in soldier power systems, electrification of industrial equipment, and advanced lithium battery technologies. Strategic priorities also include expanding recurring revenue streams through long-term contracts and leveraging cross-selling opportunities between power and communications product lines.

Geographic Footprint

Ultralife is headquartered in North America (United States), with its principal executive offices located in New York State. The company maintains manufacturing, engineering, and sales operations across North America, Europe, and Asia, supporting both domestic and international customers.

Its geographic reach is heavily influenced by defense and government procurement, with significant sales to the U.S. Department of Defense and allied nations. Internationally, Ultralife serves customers through direct operations and distribution partners, enabling participation in global defense programs and industrial markets while maintaining compliance with export control regulations.

Leadership & Governance

Ultralife is led by an executive team with experience in defense manufacturing, energy systems, and publicly traded company governance. The leadership emphasizes operational discipline, customer-focused innovation, and prudent capital allocation to support long-term shareholder value while meeting the stringent requirements of government and regulated markets.

Key executives include:

• Michael F. Manna – President and Chief Executive Officer
• Robert G. Cagnetta – Chief Financial Officer
• Matthew J. Mraz – Vice President of Operations
• Joseph A. Ricci – Vice President of Sales and Marketing

The company operates under a governance framework typical of U.S. public companies, with oversight by an independent board of directors and adherence to reporting and compliance standards required of Nasdaq-listed issuers.