Ultralife Batteries Announces Election of Carole Lewis Anderson to Board of Directors and Retirement of Carl H. Rosner

"We are delighted and extremely fortunate that Carole has joinedthe Board," said John D. Kavazanjian, Ultralife's president and chiefexecutive officer. "With her extensive background and uniquecombination of skills in corporate strategy, finance and acquisitions,Carole will add great depth to our already strong Board in support ofour growth objectives."

"On behalf of the Board, I thank Carl Rosner for 14 years ofoutstanding service. As one of Ultralife's original Board members, wehave benefited greatly from his guidance and counsel, and he will bedeeply missed," said Kavazanjian.

Ms. Anderson, 61, is a co-founder and principal of SuburbanCapital Markets, Inc., a commercial real estate finance company, andpresident of MASDUN Capital Advisors, a private investment company.Suburban is one of the nation's leading conduit mortgage lenders toowners of income producing real estate in all commercial sectors.

Previously, Ms. Anderson was president and chief executive officerof MNC Investment Bank (a division of MNC Financial, subsequentlybecoming a part of Bank of America). Earlier she was its managingdirector for merger and acquisition services, directing activitiesrelated to the purchase and sale of companies and divisions ofcompanies, including leveraged buyouts, tender offers, generalfinancial advisory services and takeover defense. She was a directorof MNC Commercial and an advisory director of MNC Ventures.

Prior to joining MNC Investment Bank as a managing director, Ms.Anderson served as senior vice president for corporate development,responsible for corporate strategy, acquisitions and investorrelations, of Hasbro, Inc., as a member of the Board of Directors andas president of the Infant Products Division. Earlier, she wasmanaging director, mergers and acquisitions, at PaineWebber, Inc. inNew York City. During that period she led many merger, acquisition andsale transactions for clients ranging from middle-market companies tothe Fortune 100. Before moving into the investment banking division,Ms. Anderson was a securities analyst with PaineWebber for six years.

Ms. Anderson has been a frequent speaker on issues related to themerger and acquisition practice, to commercial real estate finance andto women in business. As a Penn State Fellow she has taught andchaired seminars, and has lectured at Mary Baldwin College and atmerger and acquisition seminars of the Darden School at the Universityof Virginia.

Ms. Anderson holds a BA degree from Pennsylvania State Universityand an MBA in Finance from New York University.

About Ultralife Batteries, Inc.

Ultralife is a global provider of high-energy power systems fordiverse applications. The company develops, manufactures and markets awide range of non-rechargeable and rechargeable batteries, chargingsystems and accessories for use in military, industrial and consumerportable electronic products. Through its portfolio of standardproducts and engineered solutions, Ultralife is at the forefront ofproviding the next generation of power systems. Industrial, retail andgovernment customers include General Dynamics, Philips MedicalSystems, General Motors, Energizer, Kidde Safety, Lowe's, Radio Shackand the national defense agencies of the United States, UnitedKingdom, Germany and Australia, among others.

Ultralife's headquarters, principal manufacturing and researchfacilities are in Newark, New York, near Rochester. UltralifeBatteries (UK) Ltd., a second manufacturing facility, is located inAbingdon, England. Both facilities are ISO-9001 certified. Detailedinformation on Ultralife is available at the company's web site,http://www.ultralifebatteries.com.

This press release contains forward-looking statements based oncurrent expectations that involve a number of risks and uncertainties.The potential risks and uncertainties that could cause actual resultsto differ materially include: loss of business with the U.S.government, worsening global economic conditions, world events,increased competitive environment and pricing pressures, disruptionsrelated to restructuring actions and delays. Further information onthese factors and other factors that could affect Ultralife'sfinancial results is included in Ultralife's Securities and ExchangeCommission (SEC) filings, including the latest Annual Report on Form10-K.

Ultralife(R) is a registered trademark of Ultralife Batteries,Inc.