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Ultralife Batteries to Hold 2002 Annual Shareholders Meeting; Meeting Proceedings to be Webcast...

Business Editors

NEWARK, N.Y.--(BUSINESS WIRE)--Dec. 10, 2002

Ultralife Batteries, Inc. (NASDAQ: ULBI) The Annual Meeting of Shareholders of Ultralife Batteries, Inc. will be conducted at 10:30 AM on Thursday, December 12, 2002 at the JP Morgan Chase Conference Center, 270 Park

Avenue, New York, New York.

A replay of the meeting will be available by accessing the company's website at www.ultralifebatteries.com or www.ulbi.com. The replay will be available beginning Friday, December 13th.

About Ultralife Batteries, Inc.

Ultralife is a leading developer, manufacturer, and marketer of customized and standard lithium primary, lithium ion and polymer rechargeable batteries. Ultralife manufactures high-energy batteries utilizing advanced lithium technology. Our Primary (non-rechargeable) and lithium ion and polymer rechargeable batteries are used in military, industrial and consumer portable electronic products. OEM and retail customers include Energizer, Kidde Safety, Philips Medical Systems, Radio Shack, Sears and the national defense agencies of the United States, United Kingdom and Germany.

Detailed information on Ultralife is available at the Company's web site, www.ultralifebatteries.com.

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