GARDENA, CA, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ: POLA) (“Polar Power”), a global provider of prime, backup, solar hybrid power, and microgrid solutions, today announced that it intends to effect a reverse stock split of its common stock at a ratio of 1 post-split share for every 7 pre-split shares. The Company's common stock will continue to be traded on the Nasdaq Capital Market under the symbol... Read More

GARDENA, CA, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid DC power solutions, reports its financial results for the third quarter of 2024. Q3 2024 Financial Highlights Net sales were $4.9 million, representing the third consecutive quarter of sequential sales improvement and a year-over-year quarterly improvement of... Read More

GARDENA, CA, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid power solutions, today announces preliminary third quarter net sales between $4.7 million and $5.2 million, representing growth of 147% to 174%, gross margin in the range of 26% to 32%, and breakeven net earnings. Recovering net sales benefitting from strength... Read More

Presentation on Tuesday, October 29th at 0430 PM PT Gardena, California--(Newsfile Corp. - October 16, 2024) - Polar Power (NASDAQ: POLA), a global provider of prime, backup, solar hybrid power, and microgrid solutions, announced today that it will be presenting at the 17th annual Main Event on Tuesday, October 29th at 0430 PM PT at the Luxe Sunset Boulevard Hotel. Arthur Sams, CEO, will be representing the company. Chris... Read More

Microgrid Installation Anticipated to Reduce Fuel Costs by up to 70% with Excellent Follow-on Opportunity at other UN sites GARDENA, CA, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ: POLA) (“Polar Power”), a global provider of prime, backup, solar hybrid power, and microgrid solutions announces that its DC... Read More

Swing to Quarterly Profit Led by Higher Net Sales GARDENA, CA, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid DC power solutions, reports its financial results for the second quarter of 2024. Q2 2024 Financial Highlights Net sales were $4.6 million, a sequential improvement of 163% compared to $1.8 million in the first... Read More

New Board Member Provides Four Decades of Industrial Global Manufacturing and Team Building Leadership GARDENA, CA, July 30, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid power solutions, today announces that Michael Field has been appointed a director of the Company and compensation committee chair. Mr. Field joins the Polar... Read More

Anticipated sales in range of $4.5-$5.0 million, backlog of approximately $5.5 million as of June 30, 2024 Balance Sheet will reflect approximately $3 million received in tax refunds and ERC funding GARDENA, CA, July 11, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid power solutions, today announces that it expects to report... Read More

GARDENA, CA, May 15, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid DC power solutions, reports its financial results for the first quarter of 2024. Q1 2024 Financial Highlights ● Net sales of $1.8 million compared to $4.2 million in the same period in 2023 ● Operating expenses of $1.6 million compared to $1.7 million in the... Read More

GARDENA, CA, April 01, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid DC power solutions, reports its financial results for the three months and full year ended December 31, 2023. 2023 Financial Highlights Net sales in 2023 were $15.3 million compared to $16.1 million in 2022 Gross profit for 2023 was $0.7 million compared to... Read More

Additional $2.5 Million in New Bookings includes International Military and Telecom Customers Choosing Polar Power’s Unique Power Technology Platforms GARDENA, CA, March 12, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid power solutions, announces approximately $2.5 million in additional new bookings from both military and... Read More

GARDENA, CA, March 07, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid power solutions, announces it will participate in the 36 th Annual Roth Conference, being held at the Ritz Carlton Hotel in Dana Point, California, March 17-19, 2024. Investors attending the conference are encouraged to request a one-on-one meeting with... Read More

Reliable and Unique Technology Platform Compels Selection of Polar Power to Provide DC Backup Power Generation Systems GARDENA, CA, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid power solutions, announces approximately $2.9 million in net new bookings from international and domestic Tier-1 customers for the month of... Read More

Pilot program designed to showcase the provision of reliable, easily maintained, and cost-effective electric power in bad or no grid locations GARDENA, CA, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid power solutions, announces a contract award from the United Nations High Commissioner for Refugees (“UNHCR”) to... Read More

Gardena, CA, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Polar Power, Inc. (Nasdaq: POLA) (“Polar Power” or the “Company”), a technology company that designs, manufactures and sells direct current, or DC, power systems, lithium battery powered hybrid solar systems for applications in the telecommunications market and, in other markets, including military, EV charging, cogeneration, distributed power and uninterruptable power supply,... Read More

Gardena, CA, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Polar Power, Inc . (NASDAQ: POLA), (“Polar Power” or the “Company”) today announced the pricing of its previously announced underwritten public offering of 4,000,000 shares of its common stock. Each share of common stock is being sold at a public offering price of $0.40 per share, for gross proceeds of $1,600,000 before deducting underwriting discounts, commissions and offering... Read More

Gardena, CA, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ: POLA) (“Polar Power” or the “Company”) today announced that it intends to offer to sell shares of its common stock (and/or pre-funded warrants (“Pre-funded Warrants”) in lieu thereof) in an underwritten public offering. All of the shares of common stock (and/or Pre-funded Warrants) are to be sold by the Company. ThinkEquity is acting as sole... Read More

GARDENA, CA, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” of the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid power solutions, announces CEO, Arthur Sams’ presentation at LPG Week 2023 in Rome Italy took first place in the Global Technology Conference, as voted by attendees. Polar Power presented opportunities to the audience for immediate and large-scale distribution... Read More

GARDENA, CA, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup and solar hybrid DC power solutions, today reported its financial results for the three and nine months ended September 30, 2023. Financial Highlights: Net sales for Q3 2023 were $1.9 million, representing a 12% increase compared to $1.7 million sales during Q3 2022. Net sales... Read More

35th World LGP Forum, 2023 to be Held in Rome During LGP Week November 13-17 GARDENA, CA, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” of the “Company”) (NASDAQ: POLA), a global provider of prime, backup and solar hybrid power solutions, announces CEO, Arthur Sams will present at the 35 th World LPG Forum outlining applications and markets for LPG / Natural Gas DC generators highlighting the cost and... Read More

Pent-up Demand for Higher Powered DC Generators Driving New Product Line Deliveries for Best-in-Class Form Factor, Lower Emissions, Cost, and Efficiency Benefits to 5G Cell Sites GARDENA, CA, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” of the “Company”) (NASDAQ: POLA), a global provider of prime, backup and solar hybrid power solutions, announces that improvements in the supply chain have resulted in... Read More

Pent-up Demand for Higher Powered DC Generators Driving New Product Line Deliveries for Best-in-Class Form Factor, Lower Emissions, Cost, and Efficiency Benefits to 5G Cell Sites GARDENA, CA, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” of the “Company”) (NASDAQ: POLA), a global provider of prime, backup and solar hybrid power solutions, announces that improvements in the supply chain have resulted in... Read More

GARDENA, Calif., Oct. 27, 2023 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup and solar hybrid DC power solutions, today announces it has retained CORE IR, a leading investor relations, public relations and strategic advisory firm, to assist the Company with investor relations and shareholder communications services. Polar Power CEO, Arthur Sams,... Read More

GARDENA, CA, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Polar Power, Inc . (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup and solar hybrid DC power solutions, today reported its financial results for the three and six months ended June 30, 2023. Key Q2 2023 Results and Highlights: Financial Results for the Three and Six Months Ended June 30, 2023 • Net sales for Q2 2023 were $5.5 million, a 31%... Read More

GARDENA, CA, May 15, 2023 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup and solar hybrid DC power solutions, today reported its financial results for the quarter ended March 31, 2023. Key Q1 2023 Results and Highlights: Financial Results for the Three Months Ended March 31, 2023 ● Net sales for Q1 2023 increased to $4.1 million, representing a 13%... Read More

GARDENA, CA, May 10, 2023 (GLOBE NEWSWIRE) -- Polar Power Inc. (“Polar” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup and solar hybrid DC power solutions, today announced it is now taking advance orders for its new line of mobile Combined Charging System (“CCS”) Electric Vehicle (“EV”) chargers, which... Read More

GARDENA, CA, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup and solar hybrid DC power solutions, today reported its financial results for the three and nine months ended September 30, 2022. Key Q 3 2022 Results and Highlights: Financial Results for the Three and Nine Months Ended September 30, 2022 ● Net sales for Q3 2022 were $1.7... Read More

Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup and solar hybrid DC power solutions, today reported its financial results for the three and six months ended June 30, 2022. Key Q 2 2022 Results and Highlights: Financial Results for the Three and Six Months Ended June 3 0 , 2022 Net sales for Q2 2022 were $4.2 million, representing a 12% decrease, compared to $4.8 million... Read More

Polar Power, Inc. (“Polar Power”) (NASDAQ: POLA), a global provider of prime, backup and solar hybrid DC power solutions, today reported its financial results for the quarter ended March 31, 2022. Key Q1 2022 Results and Highlights: Financial Results for the Three Months Ended March 31, 2022 Net sales for Q1 2022 increased to $3.7 million, a 13% increase, compared to $3.3 million during the same period last year. We had a... Read More

Polar Power, Inc. (NASDAQ: POLA), a global provider of prime, backup and solar hybrid power solutions for telecommunications, military, and marine and whose DC generators are also used for EV charging, range extenders, and nano-grids, today reported its financial results for the third quarter and nine months ended September 30, 2021. Key Q3 2021 Results and Highlights: Financial Results for the Three and Nine Months Ended... Read More

Polar Power, Inc. (Nasdaq: POLA), today announced the closing of its previously announced public offering of 750,000 shares of its common stock at a public offering price of $18.00 per share, for gross proceeds of $13,500,000, before deducting underwriting discounts and offering expenses. ThinkEquity, a division of Fordham Financial Management, Inc., acted as sole book-running manager for the offering. The offering was made... Read More

Polar Power, Inc. (NASDAQ: POLA), (“Polar Power” or the “Company”) today announced the pricing of its previously announced underwritten public offering of 750,000 shares of its common stock at a public offering price of $18.00 per share, for gross proceeds of $13,500,000 before deducting underwriting discounts, commissions and offering expenses. All of the shares of common stock are being offered by the Company. The offering... Read More