You can add a ProgressBar among many other things to the StatusBar.
// Usings
using Infragistics.Win;
using Infragistics.Win.UltraWinStatusBar;
using Infragistics.Win.UltraWinProgressBar;
public void CreateStatusBarPanels()
{
    UltraStatusBar ultraStatusBar1 = (UltraStatusBar)oTrans.StatusPanel.UltraStatusBar;
 
	// Disable Epicor Styles so we can show Color
    ultraStatusBar1.UseAppStyling = false;
    // Add Workstation ID to Panel or Just a Normal Text
    UltraStatusPanel panel = ultraStatusBar1.Panels.Add("PWID", PanelStyle.Text ); // PWID is just my Key Field for Panel
    //panel.Text = string.Format("{0} - {1}", ((Ice.Core.Session)(this.oTrans.Session)).WorkstationID, ((Ice.Core.Session)(this.oTrans.Session)).WorkstationDescription);
	panel.Text = "Greetings!";
    panel.SizingMode = PanelSizingMode.Automatic;
    panel.Visible = true;
 
    // Marquee Text
    if (ultraStatusBar1.Panels.Exists("P2") == false)
    {
        panel = ultraStatusBar1.Panels.Add("P2", PanelStyle.Marquee );
        panel.Text = "White";
        panel.Width = 80;
        panel.MarqueeInfo.Delay = 5;
        panel.MarqueeInfo.MarqueeStyle = MarqueeStyle.Bouncing;
        panel.MarqueeInfo.MarqueeDirection = Direction.LeftToRight;
        panel.MarqueeInfo.MarqueeScrollAmount = 2;
        panel.MarqueeInfo.Start();
 
        panel = ultraStatusBar1.Panels.Add("P3", PanelStyle.Marquee );
        panel.Text = "Dragon";
        panel.Width = 70;
        panel.MarqueeInfo.Delay = 30;
        panel.MarqueeInfo.MarqueeStyle = MarqueeStyle.Bouncing;
        panel.MarqueeInfo.MarqueeDirection = Direction.LeftToRight;
        panel.MarqueeInfo.MarqueeScrollAmount = 2;
        panel.MarqueeInfo.Start();
    }
 
    // Add Progress Bar
    panel = ultraStatusBar1.Panels.Add("Progress", PanelStyle.Progress );
    ProgressBarInfo pbi = panel.ProgressBarInfo;
    panel.Width = 250;
    pbi.Appearance.ForeColor = System.Drawing.Color.Red;
    pbi.FillAppearance.BackColor = System.Drawing.Color.Blue;
    pbi.FillAppearance.ForeColor = System.Drawing.Color.Yellow;
    pbi.Minimum = 0;
    pbi.Maximum = 100;
    pbi.ShowLabel = true;
    pbi.Style = Infragistics.Win.UltraWinProgressBar.ProgressBarStyle.SegmentedPartial;
    pbi.PercentFormat = "P2";
 
    // Note: There are 10 different substitution string
    // constants defined by UltraProgressBar that are
    // prefixed by "LABEL_". The actual values are then
    // substituted for these constants to format the
    // label that is displayed in the panel.
 
    pbi.Label = "Done: " + UltraProgressBar.LABEL_FORMATTED + "Remaining: " + UltraProgressBar.LABEL_FORMATTED_REMAINING;
    pbi.Value = 35;
}
The P1, P2, PWID are just Panel Key’s you can give it any name you like. You can check if the Panel exists by using something like:
ultraStatusBar1.Panels.Exists("P2");
Edit Text
// Assuming you stored ultraStatusBar1 is global
// Check if Panel Exists ultraStatusBar1.Panels.Exists("MyPanelID");
this.ultraStatusBar1.Panels["MyPanelID"].Text = "Updating Text.....";
// Or use
((Infragistics.Win.UltraWinStatusBar.UltraStatusBar)oTrans.StatusPanel.UltraStatusBar).Panels["ID"].Text = "Hello";
            
