Ultralife Corporation · NASDAQ:ULBI
Ultralife — Investor Presentation (August 2026)
20 slides from Ultralife's investor presentation, Aug 7, 2026
Slide 1: Investor Presentation
Investor Presentation NASDAQ: ULBI We Create Critical Battery and RF Power Solutions Michael E. Manna PRESIDENT & CEO Philip A. Fain CFO & TREASURER August 7, 2026 www.ultralifecorp.com 1
Slide 2: Important Reminder – Forward Looking Statements
IMPORTANT REMINDER – FORWARD LOOKING STATEMENTS This presentation may contain forward-looking statements based on current expectations that involve several risks and uncertainties. The Company cautions investors not to place undue reliance on forward-looking statements, which reflect the Company
Slide 3: Ultralife (NASDAQ: ULBI)
ULTRALIFE (NASDAQ: ULBI) Global Leader In Creating Mission Critical Advanced Power and Communications Solutions. Serving Customers In Industries Including Government & Defense, Medical, Oil & Gas, Safety & Security, Energy, Industrial, and Robotics. Ultralife designs and manufactures primary and rec
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS Established reputation for engineering excellence and reliability required for mission critical power solutions Executing growth strategy through organic and inorganic growth to diversify revenue Durable OEM relationships support major program wins and collaboration on new prod
Slide 5: Strategic Acquisitions
STRATEGIC ACQUISITIONS Expedited the Diversification of Portfolio into High Growth Commercial Markets 2016 2019 2021 2024 Accutronics SWE Excell Electrochem Accutronics Southwest Electronic Energy Excell Battery Electrochem Ultralife acquires Acquisition of Southwest Ultralife acquires Excell Acquis
Slide 6: Transition to Master Brand Architecture
Transition to Master Brand Architecture Ultralife is undergoing a comprehensive rebranding initiative to consolidate all company/sub-brands under a singular, unified master brand – Ultralife. • This move reflects our commitment to clarity, consistency and amplified brand equity across all markets. •
Slide 7: Global Reach, Support and Development
GLOBAL REACH, SUPPORT AND DEVELOPMENT The Company’s goal is to become the partner of choice for large, global OEMs and gov’t agencies seeking power for their Ultralife UK mission critical applications Corp Headquarters Ultralife Canada Ultralife Raynham Communications Systems Ultralife Houston Ultra
Slide 8: Battery & Energy Products
BATTERY & ENERGY PRODUCTS Designed To Withstand The Harsh Environments Of Military Combat Proven Performance In The Most Critical And Hazardous Conditions Government &&Defense Government Defense Oil & Gas Safety, Safety Security & Industrial & Security 9 VOLT CYLINDRICAL THINCELL Over 100 Million Un
Slide 9: Communications Systems Products
COMMUNICATIONS SYSTEMS PRODUCTS Portable And Vehicle Amplifiers Supporting All Systems To Support A Wide Range Of Handheld, Manpack Waveforms In Multiple Variants Radios and Tactical Servers 20 and 50/75 –Watt Amplifiers Integrated Systems Leader Radio System EL8000 Cases & UPS Vehicle Amplifier-Ada
Slide 10: Expanded Battery & Energy Products
EXPANDED BATTERY & ENERGY PRODUCTS ELECTROCHEM SOLUTIONS, INC. ACQUISITION – OCTOBER 31, 2024 “Electrochem” is a Raynham, MA–Based Leading Designer and Manufacturer of High- Performance Primary Lithium Metal and Ultracapacitor Cells and Battery Packs Serving Energy, Military and Various Environmenta
Slide 11: Diverse Global Markets Served
DIVERSE GLOBAL MARKETS SERVED MEDICAL & HEALTHCARE SAFETY AND SECURITY High performing and FDA qualified power solutions for High performing, longest lasting power for safety equipment wide cross section of portable and stationary critical and security devices; over 100 million 9 Volt batteries sold
Slide 12: Transformational Products: Battery & Energy
TRANSFORMATIONAL PRODUCTS: BATTERY & ENERGY Thin Cell – Annual Addressable Wearable Lithium Medical Cart Power – Annual Addressable Market of ~ $150 - Small Format Medical Market of ~ $150 - $250M; $300M; Initial Annual Target Applications of $5 - $20M Initial Annual Target Niche Applications of $5
Slide 13: Transformational Products: Battery & Energy
TRANSFORMATIONAL PRODUCTS: BATTERY & ENERGY UB123A & Advanced XR123A Cells & Packs - SeaSafe Batteries – Annual Addressable Market of ~ $140 - Annual Addressable Market of ~ $200 - $300M; Initial $300M; Initial Annual Target Applications of $10 - $50M Annual Target Niche Applications of $5 – $30M Di
Slide 14: Transformational Products: Communications
TRANSFORMATIONAL PRODUCTS: COMMUNICATIONS EL8000 Cases & Integration – Next- Gen Amplification - Annual Addressable Market of ~ $650M; Annual Addressable Market of ~ $100M; Initial Annual Target Market of $10 - $50M Initial Annual Target Market of $5 - $20M EL8000 Server Rugged Case Systems Supporti
Slide 15: Growth Strategy to Achieve Revenue Target of $500M
GROWTH STRATEGY TO ACHIEVE REVENUE TARGET OF $500 DIVERSIFY REVENUE AND CAPITALIZE ON COMMERCIAL GROWTH SUPPLEMENT ORGANIC INITIATIVES WITH STRATEGIC M&A INVEST IN R&D AND PRODUCT DEVELOPMENT SECURE WINS AND FOLLOW-ON ORDERS UTILIZE complementary PRIORTIZE OEM businesses to expand PARTNERSHIPS ROBUS
Slide 16: Highly Leverageable Business Model
HIGHLY LEVERAGEABLE BUSINESS MODEL REVENUE GROSS MARGIN OPERATING EXPENSES (TTM $/Millions) (TTM Percent) (TTM Percent to Sales) 2025 Includes Intangible Asset Backlog Exiting Q2 2026 Impairment Charge for Increases to Highest Rebranding and One-Time Level In Company’s Costs for the Transition of Hi
Slide 17: Strong Financial Position to Power Growth
STRONG FINANCIAL POSITION TO POWER GROWTH Solid Liquidity and Cash Generation to Fund Future Organic Revenue Growth, Strategic Capital Expenditures and M&A: (1) Book Value of $7.96 and Tangible Book Value of $4.61 Per Share at June 30, 2026 (2) S-3 Filing Renewed in 2024 for $100M Common Stock Earma
Slide 18: Backlog Trends by Business
BACKLOG TRENDS BY BUSINESS STRONG DEMAND DRIVING BACKLOG ACROSS DIVERSE MARKETS 18
Slide 19: Executive Leadership
EXECUTIVE LEADERSHIP Appointed Ultralife President & CEO in November 2022 Joined the Company in 1993 and Has Held Numerous Leadership Roles of Increasing Responsibility in Engineering, Operations, Product Management, Research & Development and Sales Most Recently Served as President, Battery &
Slide 20: Ultralife Corporation
Ultralife Corporation 2000 Technology Parkway Newark, NY 14513 800-332-5000 (US & Canada) pfain@ulbi.com 315-210-6110 20