Ultralife Corporation Issues Letter to Stakeholders Regarding Business Operations in Response to COVID-19
March 25 2020 - 10:24AM
Ultralife Corporation (NASDAQ: ULBI) today issued a letter to
its employees, customers, suppliers, and shareholders regarding its
business operations amid the COVID-19 pandemic.
The letter follows.
As we continue to monitor the evolving impact of the COVID-19
pandemic, we have taken the necessary steps to safeguard the health
and well-being of our employees in accordance with protocols
established by public health organizations and state and local
public health departments while ensuring an uninterrupted flow of
our mission critical products serving medical device, first
responder, public safety, energy and national security
customers. We have received letters from several large
customers serving these essential markets thanking us for our
efforts and confirming their dependence on our continued supply of
products during this critical time.
Based on the recent State and Federal government mandates,
Ultralife Corporation will maintain normal operations across all
locations during the COVID-19 emergency response. In
accordance with the Executive Order from the Governor of the
State of New York, Ultralife falls under the criteria of an
“Essential Supplier” due to our production and supply of battery
and energy products that support ventilators, respirators, and
other vital medical, surgical and life-saving equipment, and is a
Federal government contractor/subcontractor to the U.S. Military,
other Federal agencies as well as first responders, for a variety
of products that support tactical communications, emergency
equipment, cybersecurity solutions, and other strategic
requirements. Ultralife also falls under the criteria of a
“Critical Infrastructure Industry” as defined by the Department of
Homeland Security, and has a special responsibility to maintain our
normal work schedule in supporting the essential products and
services required to meet national security commitments to the
Federal Government and U.S. Military.
We are collectively rising to meet the challenges presented by
this unprecedented pandemic and remain dedicated to working closely
with our customers and suppliers to support our country’s public
health and national security needs.
Thank You,
Michael D. Popielec,President &
Chief Executive Officer, Ultralife Corporation
About Ultralife Corporation
Ultralife Corporation serves its markets with products and
services ranging from power solutions to communications and
electronics systems. Through its engineering and collaborative
approach to problem solving, Ultralife serves government, defense
and commercial customers across the globe.
Headquartered in Newark, New York, the Company's business
segments include Battery & Energy Products and Communications
Systems. Ultralife has operations in North America, Europe and
Asia. For more information, visit www.ultralifecorporation.com.
This press release may contain forward-looking statements based
on current expectations that involve a number of risks and
uncertainties. The potential risks and uncertainties that could
cause actual results to differ materially include potential
reductions in revenues from key customers, acceptance of our new
products on a global basis and uncertain global economic
conditions. The Company cautions investors not to place undue
reliance on forward-looking statements, which reflect the Company's
analysis only as of today's date. The Company undertakes no
obligation to publicly update forward-looking statements to reflect
subsequent events or circumstances. Further information on
these factors and other factors that could affect Ultralife’s
financial results is included in Ultralife’s Securities and
Exchange Commission (SEC) filings, including the latest Annual
Report on Form 10-K.
Company Contact: Ultralife
Corporation Philip A. Fain
(315) 210-6110
pfain@ulbi.com
Investor Relations Contact:LHA Jody
Burfening(212)
838-3777jburfening@lhai.com
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