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<TYPE>EX-99.1
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<FILENAME>a5549427ex99-1.txt
<DESCRIPTION>EXHIBIT 99.1
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                                                                    Exhibit 99.1

 Ultralife Completes Acquisitions of Stationary Power Services, Inc.
                   and Reserve Power Systems, Inc.

    NEWARK, N.Y.--(BUSINESS WIRE)--Nov. 19, 2007--Ultralife Batteries,
Inc. (NASDAQ: ULBI) has completed the acquisitions of Stationary Power
Services, Inc., and Reserve Power Systems, Inc., effective November
16.

    Under the terms of the Stationary Power Services agreement, the
purchase price consisted of $6 million in cash, a $4 million
non-transferable subordinated convertible note held by the seller and
a performance-based equity incentive payable in up to 100,000
unregistered shares of Ultralife common stock over a period of up to
five years. The $4 million convertible note carries a three-year term
and is convertible into shares of Ultralife common stock at the rate
of $15.00 per share, with a forced conversion feature at $17.00 per
share. Management anticipates that the transaction will be accretive
in the first quarter of 2008. The company used a portion of the net
proceeds from a $13.5 million limited public offering completed on
November 16 to finance the $6 million cash component of the purchase
price.

    The purchase price for Reserve Power Systems consisted of 100,000
unregistered shares of Ultralife common stock, currently valued at
approximately $1.4 million, which were issued upon closing, and a
performance-based earn-out through 2010 payable in cash.

    "These acquisitions serve to broaden our addressable market for
rechargeable power solutions to include the highly attractive standby
power market and to advance our strategy of becoming a value-added
provider of power solutions, accessories and engineering services,"
said John D. Kavazanjian, Ultralife's president and chief executive
officer. "By leveraging Stationary Power Services' reputation for
reliable standby power systems and established customer relationships,
we are in a strong position to capture opportunities in the standby
power market as investment in telecommunications, utility and
transportation infrastructure grows."

    Established in 1989, Stationary Power Services is an
infrastructure power management services firm specializing in the
engineering, installation and preventive maintenance of standby power
systems, uninterrupted power supply systems, DC power systems and
switchgear/control systems for the telecommunications, aerospace,
technology, banking and information services industries. In 2006,
Stationary Power Services generated operating income of $1.3 million
on $8.9 million in revenue. Reserve Power Systems, established in
2006, supplies lead acid batteries primarily for use by Stationary
Power Services in the design and installation of standby power
systems.

    Information about Stationary Power Services is available at:
www.stationarypower.com.

    About Ultralife Batteries, Inc.

    Ultralife is a global provider of high-energy power solutions and
communications accessories for diverse applications. The company
develops, manufactures and markets a wide range of non-rechargeable
and rechargeable batteries, charging systems and accessories for
markets including defense, commercial and consumer portable
electronics. Through its portfolio of standard products and engineered
solutions, Ultralife is at the forefront of providing the next
generation of power systems and accessories. Defense, commercial and
retail customers include: General Dynamics, Raytheon, Philips Medical
Systems, General Motors, Energizer, Kidde Safety, Lowe's, Radio Shack
and the national defense agencies of the United States, United
Kingdom, Germany, Australia and New Zealand, among others.

    Ultralife's headquarters, principal manufacturing and research
facilities, and its McDowell Research operating unit are in Newark,
New York, near Rochester. Ultralife's other operating units are:
Ultralife Batteries (UK) Ltd., in Abingdon, England; Innovative
Solutions Consulting in Hollywood, Maryland; Stationary Power Services
in Clearwater, Florida; and ABLE New Energy in Shenzhen, China.
Detailed information on Ultralife is available at:
www.ultralifebatteries.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: worsening global economic conditions,
increased competitive environment and pricing pressures, disruptions
related to restructuring actions and delays. 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.

    Ultralife(R) and McDowell Research(R) are registered trademarks of
Ultralife Batteries, Inc.


    CONTACT: Ultralife Batteries, Inc.
             Robert W. Fishback, 315-332-7100
             bfishback@ulbi.com
             or
             Investor Relations:
             Lippert/Heilshorn & Associates, Inc.
             Jody Burfening, 212-838-3777
             jburfening@lhai.com
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