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Ultralife to Acquire ISC
Ultralife Batteries Inc. of Newark, New York, has agreed to acquire all of the outstanding shares of Innovative Solutions Consulting Inc. (ISC), Hollywood, Maryland, for approximately $3 million.
Established in 1999, ISC is an engineering and technical services firm specializing in the design, integration, and fielding of mobile, modular, and fixed-site communication and electronic systems. Products in development include ISC’s recently introduced Rapid Response Vehicle, which is designed to provide critical communications to support emergency management, surveil-lance and disaster relief situations. In 2006, ISC generated approximately $4 million.
“With its established reputation for high-quality technical capabilities and engineering skills in designing communication and electronic systems, ISC offers a natural extension to our communications accessories business and augments Ultralife’s engineering expertise,” said John D. Kavazanjian, Ultralife’s president and CEO (pictured).
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