Ultralife Corporation offers products and services ranging from portable and standby power solutions to communications and electronics systems. The company serves government, defense, and commercial customers worldwide. The company designs, manufactures, installs, and maintains power and communications systems, including rechargeable and non-rechargeable batteries; communications, and electronics systems and accessories; and custom engineered systems, solutions, and services. The company sells its products through various trade channels, including original equipment manufacturers (OEMs), industrial and retail distributors, domestic and international distributors, national retailers, and directly to U.S. and international defense departments. It has sales, operations, and product development facilities in North America, Europe, and Asia. Segments The company operates through two segments, Battery & Energy Products and Communications Systems. Battery & Energy Products This segment manufactures and/or markets a family of lithium-manganese dioxide non-rechargeable batteries, including 9-volt, HiRate cylindrical, Thin Cell, and other form factors. The company also manufactures and markets a family of lithium-thionyl chloride non-rechargeable batteries produced at its Chinese operating unit. The company’s HiRate and Thin Cell lithium non-rechargeable batteries are sold primarily to the military and to OEMs in industrial markets. Its lithium-thionyl chloride batteries, sold under its ABLE and Ultralife brands, as well as various private label brands, are used in various applications, including utility meters, wireless security devices, electronic meters, automotive electronics, and geothermal devices. The company targets sales of its non-rechargeable products to manufacturers of security and safety equipment, automotive telematics, medical devices, search and rescue equipment, specialty instruments, point of sale equipment, and metering applications, as well as users of military equipment. The company’s non-rechargeable products include the following product configurations: 9-Volt Lithium Battery: The company’s 9-volt lithium battery delivers a combination of energy and voltage. It markets its 9-volt lithium batteries to OEM, distributor, and retail markets, including industrial electronics, safety and security, medical, and music/audio. Typical applications include smoke alarms, wireless alarm systems, bone growth stimulators, telemetry devices, blood analyzers, ambulatory infusion pumps, parking meters, wireless audio devices, guitar pickups, intensive care monitors, and various other devices. The company also manufactures its 9-volt lithium battery under private label for various companies. Additionally, it sells its 9-volt battery to the consumer market through national and regional retail chains, and Internet retailers. Cylindrical Batteries: The company markets a range of cylindrical non-rechargeable lithium cells and batteries in various sizes under both the Ultralife HiRate and ABLE brands. These include D, C, 5/4 C, 1/2 AA, 2/3 A, and other sizes, which are sold individually, as well as packaged into multi-cell battery packs, including its primary BA-5390 military battery. Its BA-5390 battery is used in approximately 60 military applications. The company markets its line of lithium cells and batteries to the OEM market for commercial, defense, medical, automotive, asset tracking, and search and rescue applications. The company’s commercial applications include pipeline inspection equipment, automatic reclosers, and oceanographic devices. Asset tracking applications include RFID (radio frequency identification) systems. The defense uses include manpack radios, night vision goggles, chemical agent monitors, and thermal imaging equipment. Medical applications include automated external defibrillators, infusion pumps, and telemetry systems. Automotive applications include telematics, tire-pressure monitoring, and engine electronics systems. Search and rescue applications include emergency locator transmitters for aircraft and emergency position indicating radio beacons for ships. Thin Cell B