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October 2, 2006 Stock Pick: Ultralife Batteries, Inc. (ULBI)

Stock Price: $10.41

Ultralife Batteries, Inc. is a global provider of high-energy power systems for diverse applications. The company develops, manufactures and markets a wide range of non-rechargeable and rechargeable batteries, charging systems and accessories for use in military, industrial and consumer portable electronic products.

The market is beginning to become attracted to alternative energy stocks again and ULBI has the fundamentals to build off of compared to other stocks in the sector. The company reported a profit each quarter so far this year on increasing revenue of $18.32 million in Q1 and $21.39 million in Q2.

ULBI has a high of $24.96 set in 2004. Volume has been increasing in ULBI and the stock is working off its bottom for a second time. ULBI may finally be receiving the recognition they deserve.

An insider purchased heavily during September, Grace Brothers Ltd. purchased $2.45 million worth of ULBI stock between $8.90 and $9.31.

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