Ultralife,
a global provider of products and services ranging from portable power
solutions to communications and electronics systems for government, defense,
and commercial customers, says it has received final IEC certification for its
newly developed medical cart battery and intelligent power supply system, and
has expanded its strategic supplier agreement with medical cart provider,
Scott-Clark Medical.
Per
the agreement, Scott-Clark Medical is integrating Ultralife’s battery and
intelligent power supply system with its own medical carts for sales to
hospitals and other medical institutions worldwide, and plans on marketing
Ultralife’s battery and intelligent power supply system to other medical cart
OEMs. The expanded agreement allows for shipments until September 2016 and
increases the initial contract value to $6.7 million from approximately $1.6
million. Ultralife expects to commence initial shipments later this month.
As
evidence of its growing market reach, Scott-Clark Medical recently signed a
multi-year contract with a tier-one medical cart OEM that specializes in
upgrading existing units in the field. Shipments under this contract are
expected to begin in early 2014.
“Over
the past 18 months, our new products engineering team has been collaborating
with the Scott-Clark team to develop a first-class flexible solution with
continuous mobile power to serve both new production and retrofit opportunities
in the medical cart industry. With their industry knowledge and market access,
Scott-Clark is an ideal partner to help us quickly penetrate the market and
realize these exciting new business opportunities,” Michael D. Popielec,
Ultralife’s president and CEO stated in the press release. “This technically
advanced application of our multi-kilowatt module platform is a clear
demonstration of our strategy to leverage the proven military-grade reliability
of our batteries and chargers to diversify our business into commercial
markets. We look forward to the revenue growth opportunities the new medical
cart products and business partner relationship will provide.”
Richard
Flynn, president of Scott-Clark Medical, emphasized the value of Ultralife’s
solutions in an increasingly high-demand market.
“Ultralife’s
engineering, design, and test capability coupled with their reputation as a
leader in the development of advanced battery technology solutions for
demanding applications led us to partner with the company to enhance the
initial power design we came to them with for our medical carts,” Flynn stated.
“Based on the very positive feedback we received from customers who tested
prototypes, we decided to expand our relationship with Ultralife and we are
confident that the medical cart customers will embrace this new power supply
technology. Ultralife is proving to be a great choice for us to best serve this
growing market.”
For
more information, visit www.ultralifecorp.com
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