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Ultralife Corporation acquired Able New Energy Co., Ltd. (ABLE), a lithium-battery maker based in Shenzhen, China, on May 19, 2006. The January announcement described a $4.2 million cash-and-stock deal; Ultralife’s later SEC filing provided a more detailed breakdown of consideration and acquisition costs, which uses a different basis.
Who was the battery maker Ultralife acquired?
ABLE was a Shenzhen-based manufacturer of lithium batteries. Ultralife’s SEC filing described it as an established, profitable company with more than 50 products, including lithium-thionyl chloride and lithium-manganese dioxide batteries as well as coin cells. EE Times reported that ABLE had been established in 2003.
Ultralife agreed to acquire ABLE in January 2006. Its filing later recorded the acquisition date as May 19, 2006. EE Times reported the proposed acquisition on January 26, 2006; the acquisition date and product details appear in Ultralife’s Form 10-Q.
Why did Ultralife say it bought ABLE?
Ultralife said the acquisition would broaden its portfolio of high-energy power sources and could help the company enter China’s growing market, strengthen its global presence, and gain access to lower material and manufacturing costs. It also pointed to remote meter reading and radio-frequency identification (RFID) as applications that could benefit from the acquired battery chemistries. These were the company’s stated rationale and expectations, not proof that the anticipated benefits were achieved.
#1 Best Overall
- HIGH-CAPACITY POWER: This rechargeable aa batteries with charger set includes 8 lithium batteries aa, each 1.5V 3600mWh aa lithium batteries offer superior performance, reliability, and delivering long-lasting energy to high-drain devices like remotes, security cameras, wireless toys, and more. No need for separate devices; Perfect for households with battery-powered devices.
- SMART LED DISPLAY: The LED display shows the charging status clearly: Blue light flashing for Lithium battery charging, Blue light solid when battery is fully charged, No light for empty battery slot, and Red light flashing indicates that the battery is defective or non-rechargeable.
- FAST 3-HOUR CHARGING & 8-IN-1 CHARGING CASE: Fully charge all 8 lithium aa batteries in just 3 hours with the 5V/3A charging dock. The charging case also functions as a storage box, keeping your batteries organized and protected.
- LONG-LASTING PERFORMANCE – 2500+ CYCLES & 0V ACTIVATION: Rechargeable aa lithium batteries provide up to 2500+ charge cycles for maximum durability. The 0V Activation technology ensures that even deeply discharged batteries can be safely revived and recharged, giving you extended battery life.
- RELIABLE & SAFE PERFORMANCE: Built-in overcharge, overcurrent, overvoltage, overheat, and short-circuit protection ensures safe, stable charging while maintaining battery health. Our rechargeable batteries have earned multiple global certifications, including UL, FCC, IEC, CE, RoHS, CSA, PSE, CB, CCC, UKCA, and more.
What was the acquisition worth?
The figures differ because they refer to distinct transaction measures. EE Times’ January 2006 announcement put the proposed cash-and-stock deal at $4.2 million. Ultralife’s later filing itemized the consideration and acquisition-related costs rather than repeating that headline figure as a final purchase price.
| Measure | Amount and basis |
|---|---|
| Announced deal value | $4.2 million in cash and stock, as reported by EE Times on January 26, 2006. |
| Initial cash purchase price | $1.896 million, net of $104,000 in cash acquired, according to Ultralife’s Form 10-Q. |
| Contingent cash payments | Up to $500,000, in two $250,000 increments tied to ABLE reaching cumulative post-acquisition revenue milestones of $5 million and $10 million. |
| Equity consideration | 96,247 Ultralife common shares valued at $1.0 million, plus 100,000 warrants valued at $526,000. |
| Potential total investment cost | $3.975 million, including acquisition-related costs, as stated in the filing. |
These are not interchangeable descriptions of one settled price. Ultralife said the final purchase price remained subject to finalization of working-capital-related valuations.
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- 3600mWh High Capacity with Constant 1.5V Output - Unlike NiMH batteries that drop to 1.2V, these lithium AA batteries maintain steady 1.5V power until fully depleted. Ideal for high-drain devices: Blink cameras, Xbox controllers, portable fans, trail cameras, and wireless mice. Equivalent to 2400mAh capacity of premium disposable batteries.
- 3-Hour Fast Charging with Smart LED Display - Type-C charger (5V/3A) fully charges all 8 batteries in just 3 hours. Individual LED indicators for each battery: Flashing Green = Charging, Solid Green = Fully Charged, Flashing Red = Error. No more guessing which batteries are ready to use.
- 2-in-1 Charger & Organizer with Magnetic Closure - Sleek charging case stores and charges batteries simultaneously, eliminating clutter and lost batteries. Compact design perfect for home, travel, camping, or workshop. Keep your rechargeable AA batteries organized and always ready.
- Low Self-Discharge & Advanced Safety Protection - Retains 80% charge after months of storage, perfect for emergency flashlights and backup devices. Built-in smart chip protects against overcharging, overheating, over-discharge, and short circuits. Safe for you and your electronics.
- Extreme Temperature Performance (-40°F to 140°F) - Reliable operation in harsh conditions where alkaline batteries fail. Perfect for outdoor trail cameras in freezing winters, security cameras, heated attics, or any device exposed to temperature extremes. Year-round dependability.
What did ABLE contribute financially at the time?
EE Times reported that ABLE generated $2.3 million in revenue and $300,000 in operating profit in 2005. The same January 2006 report said Ultralife expected the acquisition to be accretive to earnings that year; that was a forecast, not a verified result in the cited report.
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What later filings say about ABLE
Ultralife’s 2025 annual report lists ABLE New Energy Co., Limited and its subsidiary among the company’s subsidiaries. That establishes that ABLE remained in Ultralife’s reported subsidiary group in that filing, but it does not establish current manufacturing activity, staffing, or which ABLE products are still available. Ultralife’s 2025 Form 10-K is the source for the subsidiary listing.
Quick Recap
Rank #4
- 1.5V High Power AA Lithium Batteries: Revolutionary technology makes batteries larger in capacity, longer lasting,more powerful in output,ideal for high power products.Such as Xbox, blink(some models unsuitable),digital camera,meta quest
- 2500 Cycle Life 0V Activation:Rechargeable aa batteries can be charged up to 2500 times, with no memory effect and low discharge rate, saving you a lot of money. Even if the battery is out of power and the voltage is 0V, the charger can directly activate the refresh battery for charging
- High-tech Charging Storage Box: The stylish and beautiful box design integrates storage and charging. The lithium batteries can be placed inside when not in use,saving a lot of space,very portable.Note:Our charger & lithium battery can only be used together and are not compatible with other brands
- Smart LED Display: The light flashes green to indicate charging,steady light indicate fully charged. Steady red light indicates Adapter incompatible/cable damaged/temperature too high,low.Flashing red light indicates battery cannot be charged, or the charging is overcurrent, overvoltage,undervoltage
- 3H Fast Charging Type C Input Design: 3H fast charging requires 5V3A power supply.The battery is only compatible with our chargers,do not use other chargers
Rank #3
- 【12 Pack High-Performance Lithium Batteries】RayHom high-density rechargeable AA lithium batteries are lightweight; cold-resistant and heat-resistant, and can work normally in extreme environments of -20°F~131°F. making them ideal for blink cameras, for Xbox, video doorbell, digital camera, motorized toys, smart home devices, microphone etc.
- 【Large Capacity & Constant Voltage Output】Each double A rechargeable lithium battery offers a substantial capacity of 3700mWh, ensuring prolonged usage. Maintaining a constant voltage output of 1.5V during discharge, guaranteeing that your devices perform at their best throughout the entire usage cycle.
- 【High Charging Cycle Count】These lithium batteries aa are designed to be rechargeable up to 1600 times, significantly extending their lifespan. Compared to disposable batteries, you will not only save on replacement costs but also reduce environmental impact, supporting sustainable usage and demonstrating greater economic value and environmental consciousness.
- 【Fast Charging&Independent Charging Slots】The aa battery charger features advanced Type-C input, supporting a 5V 2A input current, allowing it to quickly charge the batteries in just 2 hours. Each charging slot operates independently, you can charge anywhere from 1 to 12 batteries simultaneously, providing flexibility and greatly improving charging efficiency while minimizing wait times.
- 【Smart LED Indicator】 The LED indicator clearly shows the charging status: Solid red light means charging, solid green light means fully charged, flashing red light indicates an incompatible or damaged battery, and flashing green light signals overheating protection, ensuring safe and clear usage.
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