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<SEC-DOCUMENT>0001157523-08-008773.txt : 20081104
<SEC-HEADER>0001157523-08-008773.hdr.sgml : 20081104
<ACCEPTANCE-DATETIME>20081104100629
ACCESSION NUMBER:		0001157523-08-008773
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20081103
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20081104
DATE AS OF CHANGE:		20081104

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ULTRALIFE CORP
		CENTRAL INDEX KEY:			0000875657
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				161387013
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20852
		FILM NUMBER:		081159413

	BUSINESS ADDRESS:	
		STREET 1:		2000 TECHNOLOGY PARKWAY
		CITY:			NEWARK
		STATE:			NY
		ZIP:			14513
		BUSINESS PHONE:		3153327100

	MAIL ADDRESS:	
		STREET 1:		2000 TECHNOLOGY PARKWAY
		CITY:			NEWARK
		STATE:			NY
		ZIP:			14513

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ULTRALIFE BATTERIES INC
		DATE OF NAME CHANGE:	19940224
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a5821705.htm
<DESCRIPTION>ULTRALIFE CORPORATION 8-K
<TEXT>
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      <font style="font-size: 12pt; font-family: Times New Roman">UNITED STATES</font><font style="font-size: 12pt; font-family: Times New Roman"><br style="font-size: 12pt; font-family: Times New Roman"></font><font style="font-size: 12pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font><br><font style="font-size: 10pt; font-family: Times New Roman">Washington,
      D.C. 20549</font><br><br><font style="font-size: 12pt; font-family: Times New Roman">FORM
      8-K</font><br><br><font style="font-size: 12pt; font-family: Times New Roman">Current
      Report</font><br><font style="font-size: 12pt; font-family: Times New Roman">
      PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934</font><br><br><font style="font-size: 10pt">Date
      of Report </font><font style="font-size: 10pt; font-family: Times New Roman">(Date
      of earliest event reported):</font><br><br><font style="font-size: 10pt; font-family: Times New Roman">November
      3, 2008</font><br><br><br><u><font style="font-size: 12pt; font-family: Times New Roman">ULTRALIFE
      CORPORATION</font></u><br><font style="font-size: 10pt; font-family: Times New Roman">(Exact
      name of registrant as specified in its charter)</font><br><br><u><font style="font-size: 10pt; font-family: Times New Roman">Delaware</font></u><br>(State
      or other jurisdiction of incorporation or organization)<br><br>
    </p>
    <div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px">
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>0-20852</u>
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; width: 34%; white-space: nowrap" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; width: 33%; white-space: nowrap" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>16-1387013</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 33%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission File Number)
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 34%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 33%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (I.R.S. Employer Identification No.)
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>

    </p>
    <div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>2000 Technology Parkway, Newark, New York&#160;&#160;&#160;&#160;&#160;&#160;&#160;14513</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(Address
            of principal executive offices)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>&#160;&#160;(Zip
            Code)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <u><font style="font-size: 10pt; font-family: Times New Roman">(315)
      332-7100</font></u><br>(Registrant&#8217;s telephone number, including area
      code)<br><br><br>
    </p>
    <p style="text-align: left">
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="margin-left: 0pt; text-indent: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-family: Times New Roman; text-align: center; font-size: 10pt">
          1
        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Item
      8.01.&#160;&#160;&#160;&#160;&#160;Other Events.</font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font>
    </p>
    <p style="text-align: justify">
      Ultralife Corporation (the &quot;Company&quot;) announced on November 3, 2008 that
      it has entered into a definitive agreement to acquire certain assets of
      U.S. Energy Systems, Inc., and its services affiliate, U.S. Power
      Services, Inc., a nationally recognized standby&#160;power installation and
      power management services company headquartered in Riverside,
      California.&#160; The Company will pay $2.85 million in cash and a
      performance-based equity incentive payable in an amount up to 200,000
      unregistered shares of the Company's common stock.&#160; Closing of the
      acquisition is subject to customary closing conditions.&#160; The Company's
      press release is attached as Exhibit 99.1 to this Form 8-K.
    </p>
    <p style="text-align: justify">

    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Item
      9.01.&#160;&#160;&#160;&#160;&#160;Financial Statements, Pro Forma Financials and Exhibits.</font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font>
    </p>
    <p style="text-indent: 30.0px; white-space: nowrap">
      (a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;Exhibits.
    </p>
    <p style="text-indent: 30.0px; white-space: nowrap">
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;99.1&#160;&#160;&#160;&#160;&#160;&#160;Press Release dated November 3, 2008.
    </p>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman">SIGNATURE</font>
    </p>
    <p style="text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
    <p style="text-indent: 30.0px">

    </p>
    <div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px">
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 5%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 50%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" colspan="3" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            ULTRALIFE CORPORATION
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; width: 5%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Dated:
          </p>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; width: 50%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            November 4, 2008.
          </p>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; width: 3%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            By:
          </p>
        </td>
        <td style="width: 3%">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left; border-bottom: solid black 1.0pt; width: 39%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/Peter F. Comerford
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 50%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 39%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Vice President of Administration &amp;
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            General Counsel
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-left: 0pt; text-indent: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-family: Times New Roman; text-align: center; font-size: 10pt">
          2
        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">
      INDEX TO EXHIBITS
    </p>
    <p>

    </p>
    <p style="text-align: left">
      (99)&#160;&#160;&#160;Additional Exhibits
    </p>
    <p style="text-align: left">
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 99.1&#160;&#160;&#160;&#160;&#160;&#160;Press Release dated November 3, 2008.
    </p>
    <p style="text-align: center">
      3
    </p>
    <p style="white-space: nowrap">

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a5821705ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Ultralife
      Corporation to Acquire U.S. Energy Systems, Inc.</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Company
      Further Expands into High-Growth Standby Power Market</b></font>
    </p>
    <p>
      NEWARK, N.Y.--(BUSINESS WIRE)--November 3, 2008--Ultralife Corporation
      (NASDAQ: ULBI) has entered into a definitive agreement to acquire
      certain assets of U.S. Energy Systems, Inc., and its services affiliate,
      U.S. Power Services, Inc., (which operates under the U.S. Energy Systems
      name), a nationally recognized standby power installation and power
      management services company headquartered in Riverside, California. The
      purchase includes all tangible assets, intellectual properties and
      operations going forward.
    </p>
    <p>
      Under the terms of the agreement, Ultralife will pay $2.85 million in
      cash and a performance-based equity incentive payable in an amount up to
      200,000 unregistered shares of Ultralife Corporation common stock
      provided that certain financial milestones are achieved over a period of
      up to four years. The company plans to finance the acquisition with cash
      on hand and credit available through the company&#8217;s credit facility, as
      necessary. The acquisition, subject to customary closing conditions, is
      expected to close in the fourth quarter. Ultralife anticipates that this
      acquisition will be accretive in the first quarter of 2009.
    </p>
    <p>
      Established in 2003, U.S. Energy Systems specializes in the engineering,
      supply, installation and preventive maintenance of standby power
      systems, uninterrupted power supply systems, DC power systems and
      switchgear/control systems for the telecommunications, utilities,
      technology, petrochemical, financial and information services
      industries. The company has customers nationwide, but in particular on
      the West Coast and in Hawaii. U.S. Energy Systems is jointly owned by
      Ken Cotton, U.S. Energy&#8217;s founder and president; Simon Baitler,
      chairman; Shawn O&#8217;Connell, executive vice president; and Tim Jacobs. In
      2007, U.S. Energy generated $6.3 million in revenue.
    </p>
    <p>
      &#8220;Acquiring U.S. Energy Systems advances our goal of becoming the leading
      provider of engineering, installation, integration and maintenance
      services to the growing standby power industry,&#8221; said John D.
      Kavazanjian, Ultralife&#8217;s president and chief executive officer. &#8220;Along
      with our strong East Coast presence in this market, we now have a
      broadened geographic footprint to service national accounts in target
      industries and an extended reach for our comprehensive rechargeable
      standby power solutions. This bolt-on acquisition also creates synergies
      in customer and service coverage, greater pricing power with major
      hardware suppliers and economies of scale through centralized
      back-office support in our standby power services business.
    </p>
    <p>
      &#8220;By strengthening our Design and Installation Services segment, which
      will comprise Stationary Power Services and U.S. Energy Systems, we are
      taking one more step in our transformation to become a value-added power
      solutions, communications systems and engineering services company
      serving a broad spectrum of commercial, government and defense markets,&#8221;
      added Kavazanjian. &#8220;Both Ken Cotton and Shawn O&#8217;Connell have created an
      exceptional company, and we look forward to their continued leadership
      in supporting our growing presence in the standby power industry.&#8221;
    </p>
    <p>
      Ken Cotton, founder of U.S. Energy Systems, said, &#8220;Since inception, U.S.
      Energy Systems has become known for its wide-spread network of highly
      trained technicians that manage major deployments of all the elements
      necessary to maintain reliable system integrity. As part of Ultralife,
      we look forward to contributing to the company&#8217;s strategy to expand its
      geographic footprint in the standby power market.&#8221;
    </p>
    <div style="margin-left: 0pt; text-indent: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      Philip Fain, Ultralife&#8217;s vice president of business development, will
      have executive responsibility for the immediate integration of
      Ultralife&#8217;s standby power services businesses, and Mr. Cotton will
      report to him as vice president of brand and product development. Philip
      Meek will continue in his role as chief operating officer of the standby
      power services business and Shawn O&#8217;Connell will report to him as vice
      president of sales and marketing.
    </p>
    <p>
      <b>About Ultralife Corporation</b>
    </p>
    <p>
      Ultralife Corporation, which began as a battery company, now serves its
      markets with products and services ranging from portable and standby
      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.
    </p>
    <p>
      Ultralife&#8217;s family of brands includes: Ultralife Batteries, Stationary
      Power Services, RPS Power Systems, ABLE, McDowell Research and RedBlack
      Communications. Ultralife&#8217;s operations are in North America, Europe and
      Asia. For more information on Ultralife, visit <u>www.ultralifecorp.com</u>.
    </p>
    <p>
      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. The Company cautions
      investors not to place undue reliance on forward-looking statements,
      which reflect the Company&#8217;s analysis only as of today&#8217;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.
    </p>
    <p style="text-align: center">

    </p>
    <p>

    </p>
    <p>
      CONTACT:<br><b>Company:</b><br><u>Ultralife Corporation</u><br>Peter F.
      Comerford, 315-332-7100<br><u>pcomerford@ulbi.com</u><br>or<br><b>Investor
      Relations:</b><br><u>Lippert/Heilshorn &amp; Associates, Inc.</u><br>Jody
      Burfening, 212-838-3777<br><u>jburfening@lhai.com</u>
    </p>
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