Ultralife Corp: Soars after U.S. army contract for wearable batteries
17/05/2021 22:17
** Battery maker's shares ULBI.O surge 30% to $11.12
** Co says it has got a firm-fixed price contract from the
U.S. Army for purchases of Conformal Wearable Batteries not to
exceed $168 mln during the three-year base award period with the
potential for up to an additional $350 mln urn:newsml:reuters.com:*:nGNXbwCLHF
** The lightweight, lithium-ion rechargeable batteries will
provide soldiers with a power source capable of sustaining
dismounted operations in remote areas for up to 24 hours
** ULBI is up ~30% YTD through Mon close
(Reporting by Ankur Banerjee)