We define a notion of ideal for objects in the category of abstract unitary Cuntz semigroups introduced in [3] and termed Cu. We show that the set of ideals of a Cu-semigroup has a complete lattice structure. In fact, we prove that for any C-algebra of stable rank one , the assignment Cu defines a complete lattice isomorphism between the set of ideals of and the set of ideals of its unitary Cuntz semigroup Cu. Further, we introduce a notion of quotients and exactness for the (non abelian) category Cu. We show that CuCu Cu for any ideal in and that the functor Cu is exact. Finally, we link a Cu-semigroup with the Cu-semigroup of its positive elements and the abelian group of its maximal elements in a split-exact sequence. This result allows us to extract additional information that lies within the unitary Cuntz semigroup of a C-algebra of stable rank one.

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