Exhibit 99.1

     Ultralife Batteries to Present at the C.E. Unterberg, Towbin
               Emerging Growth Opportunities Conference

    NEWARK, N.Y.--(BUSINESS WIRE)--June 28, 2006--Ultralife Batteries,
Inc. (NASDAQ:ULBI) will be presenting on July 11, 2006 at the C.E.
Unterberg, Towbin Emerging Growth Opportunities Conference taking
place at the Mandarin Oriental Hotel in New York City.
    Ultralife Batteries management is scheduled to make a presentation
at 1:00 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, Australia and New Zealand, among others.

    Ultralife's headquarters, principal manufacturing and research
facilities are in Newark, New York, near Rochester. Ultralife
Batteries (UK) Ltd., a second manufacturing facility, is located in
Abingdon, England. Both facilities are ISO-9001 certified. Detailed
information on Ultralife is available at: www.ultralifebatteries.com.

    About the C.E. Unterberg, Towbin Emerging Growth Opportunities
Conference

    The Emerging Growth Opportunities Conference will feature
presentations by and investor meetings with 125 companies representing
five focus sectors: digital media, software, communications equipment,
modern defense and healthcare. The conference is designed to
facilitate maximum meeting opportunities between investors and this
select group of emerging growth companies. More conference information
can be found at: http://www.unterberg.com.

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

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