Ultralife Corporation (ULBI) is a global corporation headquartered in Newark, New York, that specializes in designing and producing power and communications systems. The company's offerings include rechargeable and non-rechargeable batteries, charging systems, communications systems and related accessories. With its operations spread across North America, Europe, and Asia, Ultralife Corporation serves a diversified range of markets including defense, medical devices, and energy storage.
Established in 1990, Ultralife Corporation has consistently grown with a primary focus on the health and safety, security, and defense industries. It operates under three primary business segments: Battery & Energy Products, Communications Systems, and Energy Services. Each of these segments caters to specific industries and has carved out its niche in its respective markets. Furthermore, to cater to the constant demand for advanced and effective products, the company maintains a strong emphasis on research and development.
Battery & Energy Products section addresses the portable power requirements of its clients, providing a myriad of battery products including military batteries, lithium-ion cells, and charger systems among others. The Communication Systems segment is specialized in providing advanced communications technologies for varied critical applications. For example, it delivers amplifiers, integrated systems, and radio frequency systems to government and defense sectors. The Energy Services segment is involved in providing battery management systems and power solutions for energy storage.
Ultralife Corporation's primary customers are government, defense, and commercial sectors. The company is well-known for its thinline family of lithium 9-Volt batteries. Moreover, one of Ultralife’s significant offerings includes ruggedized military communications systems and accessories which are used globally by defense and security authorities.
The company has demonstrated a commitment to manufacturing quality, reliability, and technology. It meets stringent safety and quality standards, including ISO 9001, ISO 13485, and AS 9100 certifications.
Ultralife Corporation's growth can be attributed to its innovative, high-quality products and services, alongside its exceptional customer service. The company has a strong management team that consistently focuses on delivering significant value to customers through cutting-edge technology and exceptional service. To accomplish this, the company regularly invests in R&D and state-of-the-art technology to keep pace with the rapidly advancing technology landscape and changing customer needs.
Overall, Ultralife Corporation stands as a testament to progressive innovation and a relentless pursuit of excellence in the domain of power solutions and communication systems.
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Ultralife Corporation reported a significant increase in third-quarter 2026 revenue, reaching $48.3 million, an 11.3% rise year-over-year, and a GAAP EPS of $0.14, a turnaround from a net loss in the prior-year quarter. The company also announced its agreement to be acquired by EnerSys for approximately $320 million, a transaction expected to close in the first quarter of 2027. Following this acquisition announcement, Ultralife will not hold a third-quarter conference call.
EnerSys is set to acquire Ultralife Corp. for $320 million, paying $16 per share, a significant premium. This acquisition aims to expand EnerSys' defense power business and U.S. manufacturing capabilities, driven by increasing demand for specialized batteries in military applications. The deal is expected to close in Q1 2027, yielding $15 million to $20 million in annual cost savings and boosting adjusted diluted earnings per share within 18 months.
Ultralife Corp. shares more than doubled after EnerSys agreed to acquire the battery maker for $320 million in an all-cash deal, offering a 166% premium to Ultralife’s unaffected closing price. EnerSys anticipates $15 million to $20 million in annual cost synergies and expects the acquisition to be accretive to adjusted diluted earnings per share within 18 months of closing. The deal is expected to close in the first quarter of calendar 2027, after which Ultralife stock will cease public trading.
Ultralife Corp. shares surged over 144% in after-hours trading after announcing an all-cash acquisition by EnerSys for approximately $320 million, or $16 per share. This deal represents a 166% premium to Ultralife's Monday closing price and aims to expand EnerSys's presence in the defense market. Both companies' boards have unanimously approved the merger, which EnerSys will fund with cash on hand.