Ultralife Corporation (NASDAQ: ULBI) announced today the introduction of the GenSet Eliminator™, a patent pending, innovative storage and power system designed to reduce fuel consumption and maintenance costs by 25% - 30% for defense and commercial applications.
The GenSet Eliminator™ provides energy storage capabilities to generators and renewable energy sources, thereby promoting optimum efficiencies through the continuous charging and discharging of Ultralife’s Lithium Ion batteries incorporated into the system. The system is mobile, flexible and scalable from 10 to 50 kWh of battery storage and will significantly reduce fuel consumption while enabling the primary generator or power source to be operated at 85% - 95% of its rated load capacity. The switch between the primary energy source and battery power is seamless to the user and allows for silent and clean (zero emission) operation when the batteries are in use. The Lithium Ion batteries allow for continuous monitoring, reduce battery weight by a factor of four to five if comparable lead acid batteries are used, and allow much higher operating temperatures of up to 140°F (60°C) without degradation. The resulting benefits of lower fuel consumption, extended life expectancy and less maintenance to the primary power source, and silent watch capability make the GenSet Eliminator™ ideal for military bases that generate their own electricity. An added benefit of fuel optimization may be a reduction in casualties associated with in-theater military fuel convoys which are frequent targets of enemy attack. Furthermore, the GenSet Eliminator™ may benefit disaster relief by simplifying logistics and improving sustainability when accessibility is cut off.
“The GenSet Eliminator™ is the first of a series of exciting new products that we plan to introduce utilizing our Lithium Ion battery and integration expertise,” said Michael D. Popielec, Ultralife’s president and chief executive officer. “The critical components of this system are internally designed and manufactured and provide an ideal platform to broaden our portfolio and further penetrate defense and commercial markets.”
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV