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Monday, November 30, 2015

Ultralife Corporation Signs Deal With Charge! Energy Storage
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Ultralife Corporation Signs Deal With Charge! Energy Storage  
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Monday, May 26, 2014 IDS Industries, Inc. (OTCQB: IDST) announced today that its wholly-owned subsidiary, Charge! Energy Storage, Inc. (Charge!) has entered into a contract manufacturing and marketing agreement with Ultralife Corporation (NASDAQ: ULBI) for the Charge! Energy branded line of portable and stationary power systems.

Charge! Energy's initial marketing will highlight the leading technology and design quality provided by Ultralife by focusing on audiences that will appreciate the superior product. This targeting is exemplified by those sensitive to the need and demands of Emergency and Disaster Preparedness, as well as niche markets and consumers that range from indoor agriculture to innovative businesses and ventures.

Charge! Energy Storage will market their Lithium-iron phosphate portable power line targeting those needing an off-grid and "lower total cost of ownership" solution when compared to fuel-run generators. Charge! Energy Storage will offer indoor and outdoor agricultural based businesses a suite of products from 1.25 kWh FEMA-reviewed Portable Power Solutions to 30 kWh units manufactured by Ultralife, which will allow users access to off- grid power when utilized with a renewable energy solution such as wind or solar. Depending on power consumption, the systems can reduce grid reliance or fuel consumption of a traditional generator, or operate as a stand-alone power source when recharged through renewable energy.

Mr. Scott Plantinga, Charge! Energy Storage President and Chief Executive Officer, commented, "Ultralife is renowned for a strong track record of manufacturing high quality batteries and power systems. Much of our business model is focused on markets with robust demands for professional requirements. Similar to our in-house designed products which are required to be built to endure rugged environments, systems built by Ultralife for Charge! are cut from the same cloth. They are 'FEMA reviewed'; with very complimentary recommendations stating these units are the 'tool of choice' for Disaster Relief environments." Mr. Plantinga explained, "With heavy grid usage inherent in certain agricultural environments, Charge! believes our suite of products manufactured by Ultralife built to our specifications will provide a very attractive return on investment and greatly reduce the need for fossil fuel generators in more remote environments. These units align perfectly with the Charge! product vision and go-to-market strategy and are now available through Charge! Energy Storage, www.ChargeEnergyStorage.com." Ultralife manufacturing Portable Power Solutions for Charge! Energy Storage is a great fit for our company. We look forward to working with them."

Ultralife is pleased to form this partnership as well. "Charge! Energy Storage has developed channels to distribute and cater to the Emergency and Disaster Preparedness market and to several niche user communities and industries. With our experience in manufacturing for these industries it is synergistic and a perfect fit, and we anticipate positive results for both companies," said Steve Szamocki, EVP of Global Sales at Ultralife.

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