0.6 or 0.7 power factor? That sounds pretty poor to me. Do you have a bunch of electric motors running or something? Giant electromagnets in operation? Running a mini iron-smelting operation?
Regardless, I wouldn't expect power fluctuations to kill UPS batteries - just not the way the things work. Time, heat, and poor UPS or battery design are far bigger factors there. The voltage levels aren't critical - a good PSU will feed stable power to a computer even if the voltage drops to as low as 90-100VAC (although efficiency will drop), it's the spikes and ripple that are harder to filter out. So if it's just the former, I wouldn't worry about a conditioner, but if it's the latter, it might be worth considering.