Medical Cart Contract
Ultralife Corporation announced today it has received final IEC certification for its newly developed medical cart battery and intelligent power supply system and will commence initial shipments this month under an expanded strategic supplier agreement with Scott-Clark Medical, a leading provider of medical carts. The original agreement called for shipments until May 2015; the expanded agreement extends the term until September 2016 and increases the initial contract value from approximately $1.6 million to $6.7 million.
Under the strategic supplier agreement, Scott-Clark Medical is combining Ultralife's battery and intelligent power supply system with its own medical carts for sales to hospitals and other medical institutions worldwide.
