Exhibit 99.1

               Ultralife Batteries, Inc. to Present at
                 6th Annual Needham Growth Conference

   NEWARK, N.Y.--(BUSINESS WIRE)--Jan. 5, 2004--Ultralife Batteries,
Inc. (NASDAQ: ULBI) will be presenting at the Sixth Annual Growth
Conference hosted by Needham & Company on January 8, 2004.
   Ultralife Batteries management is scheduled to make a presentation
at 4:00 PM ET. A live webcast and replay of the presentation will be
available in the Investor Info - Event Calendar section of the
company's website, http://www.ultralifebatteries.com/invest.asp.

   About the Sixth Annual Needham Growth Conference

   The invitation-only conference will be held at the New York Palace
Hotel in New York City and will feature management presentations from
350 leading growth companies from across the country, and from a wide
range of technology industry sectors.

   About Ultralife Batteries, Inc.

   Ultralife is a leading developer, manufacturer, and marketer of
standard and customized lithium primary (non-rechargeable), lithium
ion and lithium polymer rechargeable batteries. Ultralife's
high-energy batteries use advanced lithium technology and are used in
military, industrial and consumer portable electronic products.
Through its range of standard products and ability to customize for a
wide range of applications, Ultralife is able to provide the next
generation of battery solutions. OEM, retail and government customers
include Energizer, Kidde Safety, Philips Medical Systems, Radio Shack
and the national defense agencies of the United States and United
Kingdom, among others.
   Ultralife's headquarters, principal manufacturing and research
facilities are in Newark, New York, near Rochester. Ultralife (UK)
Ltd., a second manufacturing and research facility, is located in
Abingdon, U.K. Both facilities are ISO-9001 certified.

   Ultralife(R) is a registered trademark Ultralife Batteries, Inc.

    CONTACT: Ultralife Batteries, Inc.
             Robert W. Fishback, 315-332-7100
             bfishback@ulbi.com
              or
             Lippert/Heilshorn & Associates, Inc.
             Investor Relations:
             Jody Burfening, 212-838-3777
             jburfening@lhai.com
             Media Contact:
             Chenoa Taitt, 212-201-6635
             ctaitt@lhai.com