Ultralife Corporation Added to Russell 2000® Index

Core Insights - Ultralife Corporation has been included in the Russell 2000® Index and the broader Russell 3000® Index, indicating a significant enhancement in its financial profile and earnings potential as a result of successful new product investments and margin recovery [1][4]. Company Overview - Ultralife Corporation is headquartered in Newark, New York, and operates in two main business segments: Battery & Energy Products and Communications Systems. The company has a global presence with operations in North America, Europe, and Asia [2][5]. Index Inclusion Details - The annual reconstitution of the Russell U.S. Indexes, effective July 1, 2024, identified Ultralife among the 4,000 largest U.S. stocks based on total market capitalization. This inclusion in the Russell 3000® Index also secures its position in the small-cap Russell 2000® Index and relevant growth and value style indexes [3][4]. Market Impact - The inclusion in the Russell Index is expected to increase Ultralife's visibility among institutional investors who are interested in companies operating in the expanding markets for power solutions and electronic systems, thereby contributing to shareholder value through sustainable and profitable growth [1][4].