Exhibit 99.1


                 Ultralife Batteries to Present at Eighth Annual
                       Needham & Company Growth Conference

     NEWARK, New York--(BUSINESS  WIRE)--Jan. 4, 2006--Ultralife Batteries, Inc.
(NASDAQ:  ULBI) will be presenting at the Eighth Annual Growth Conference hosted
by Needham & Company on January 12, 2006.
     Ultralife Batteries  management is scheduled to make a presentation at 2:00
PM ET. A live audio webcast and replay of the presentation  will be available in
the  Investor  Info  -  Event  Calendar   section  of  the  company's   website,
http://investor.ultralifebatteries.com.

     About Ultralife Batteries, Inc.

     Ultralife 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.
Through its portfolio of standard products and engineered  solutions,  Ultralife
is at  the  forefront  of  providing  the  next  generation  of  power  systems.
Industrial,  retail and government  customers include General Dynamics,  Philips
Medical Systems,  General Motors,  Energizer,  Kidde Safety, Lowe's, Radio Shack
and the national defense agencies of the United States, United Kingdom,  Germany
and Australia, among others.
     Ultralife's  headquarters,  principal manufacturing and research facilities
are in  Newark,  New  York,  near  Rochester.  Ultralife  (UK)  Ltd.,  a  second
manufacturing  facility,  is located in Abingdon,  England.  Both facilities are
ISO-9001  certified.  Detailed  information  on  Ultralife  is  available at the
Company's web site, www.ultralifebatteries.com.

     About the Eighth Annual Needham & Company 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 approximately 400
leading  growth  companies  from  across the  country,  and from a wide range of
technology industry sectors.

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


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



                                        4