POLA

Polar Power to Participate in 36th Annual Roth Conference March 17-19, 2024

Retrieved on: 
Thursday, March 7, 2024

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 36th Annual Roth Conference, being held at the Ritz Carlton Hotel in Dana Point, California, March 17-19, 2024.

Key Points: 
  • 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 36th 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 management through the conference’s on-line website or by directly contacting a Roth representative.
  • Arthur Sams, CEO, Luis Zavala, CFO, and Balwinder Samra, Corporate VP, will be available for the entire day for meetings on March 19 to update with investors and discuss the company’s exciting technology and growth plans.

Polar Power Announces $2.9 Million in New Bookings During January 2024

Retrieved on: 
Tuesday, February 20, 2024

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 January 2024. This compares to $3.7 million in new bookings for the full first quarter in 2023.

Key Points: 
  • 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 January 2024.
  • This compares to $3.7 million in new bookings for the full first quarter in 2023.
  • Arthur Sams, CEO of Polar Power commented, “Our telecom market business is being driven by four factors: increased power demand for network upgrades, diminishing power availability from utility grids, increasing cost of diesel fuel, and providing increased broadband service to rural areas.
  • A substantial portion of the $2.9 million in new orders in January represents repeat and expanded business in Puerto Rico.

United Nations High Commissioner for Refugees Awards Polar Power Initial Contract to Assure Uninterrupted Quality Electric Power for African Offices

Retrieved on: 
Wednesday, December 20, 2023

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 provide a nano grid for one of its offices in Africa. The pilot project is designed to demonstrate the reliability, durability, and low operating costs of Polar Power’s nano grid technology to provide uninterrupted, quality electric power in bad-grid locations throughout the world. It is anticipated that Polar’s efficient power technology will enable as much as a 70% reduction in diesel fuel consumption, lower operating and maintenance costs, and simultaneously reduced greenhouse gas emissions. UNHCR operates in over 130 countries, worldwide.

Key Points: 
  • The pilot project is designed to demonstrate the reliability, durability, and low operating costs of Polar Power’s nano grid technology to provide uninterrupted, quality electric power in bad-grid locations throughout the world.
  • Consider the moment that grid power is lost, the AC backup generator starts, warms up and then switches online to power the loads.
  • This is also referred to as an online uninterrupted power source (UPS); the difference between Polar Power and other systems is its DC generator.
  • Polar Power expects to deliver this mobile nano grid solution to UNHCR in the second quarter of 2024.

Polar Power, Inc. Announces Closing of Public Offering

Retrieved on: 
Tuesday, December 5, 2023

The Company intends to use the proceeds from the offering for general corporate purposes, including working capital, research and development, capital expenditures and potential acquisitions.

Key Points: 
  • The Company intends to use the proceeds from the offering for general corporate purposes, including working capital, research and development, capital expenditures and potential acquisitions.
  • ThinkEquity acted as sole underwriter for the offering.
  • The offering was made pursuant to an effective shelf registration statement that has been filed with the U.S. Securities and Exchange Commission (the “SEC”).
  • The final prospectus supplement relating to the offering was filed with the SEC and is available on the SEC's website at http://www.sec.gov .

Polar Power, Inc. Announces Pricing of Public Offering

Retrieved on: 
Friday, December 1, 2023

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.

Key Points: 
  • 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 expenses.
  • The offering is expected to close on December 5, 2023, subject to satisfaction of customary closing conditions.
  • A prospectus supplement and accompanying prospectus describing the terms of the offering will be filed with the SEC on its website at www.sec.gov .

Energy Capital Vietnam Signs Six Memoranda of Understanding During the Asia-Pacific Cooperation Leaders’ Week 2023 Conference

Retrieved on: 
Friday, December 1, 2023

HOUSTON, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Energy Capital Vietnam (ECV), a project development and holding company established as a platform for direct investment into energy and infrastructure within Vietnam, signed six memoranda of understanding (MOU) in San Francisco during the Asia-Pacific Cooperation Leaders’ Week 2023 Conference.

Key Points: 
  • HOUSTON, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Energy Capital Vietnam (ECV), a project development and holding company established as a platform for direct investment into energy and infrastructure within Vietnam, signed six memoranda of understanding (MOU) in San Francisco during the Asia-Pacific Cooperation Leaders’ Week 2023 Conference.
  • These six agreements represent ECV’s ability to assemble a diverse set of partners and mobilize them to provide American expertise to Vietnam.
  • ECV, SaigonTel, and KBC will develop ports, energy services breakbulk and storage, liquid and dry bulk storage, and adjacent facilities.
  • Energy security remains paramount as Vietnam seeks to integrate deeper into global supply chains, especially for semiconductors and other hi-tech sectors.

Polar Power, Inc. Announces Proposed Public Offering of Common Stock

Retrieved on: 
Thursday, November 30, 2023

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.

Key Points: 
  • 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.
  • The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
  • The offering will be made only by means of a written prospectus that forms a part of the registration statement.

POLAR POWER AWARDED FIRST PLACE FOR PRESENTATION AT THE GLOBAL TECHNOLOGY CONFERENCE DURING LPG WEEK 2023 IN ROME, ITALY

Retrieved on: 
Tuesday, November 28, 2023

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.

Key Points: 
  • 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 of LPG and natural gas along with value added services.
  • Technology discussions included the advantages of LPG over diesel, DC vs AC generators, prime power generators vs backup generators, optimum hybrid systems incorporating solar and LPG/NG.
  • This technology platform gives us a competitive advantage as one of the first movers in this emerging market for 50 kW DC clean fuel prime power systems.”

Polar Power Reports 12% Growth in Revenue During Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 14, 2023

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.

Key Points: 
  • 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.
  • Working Capital was $13.3 million at the end of Q3 2023, compared with $17.3 million ending December 31, 2022.
  • Third Quarter and Nine-Month 2023 Financial Details:
    Net sales for Q3 2023 were $1.9 million, representing a 12% year-over-year increase from $1.7 million in Q3 2022.
  • The number of customers that purchased Polar DC generators during Q3 2023 increased to seventeen, as compared to six in Q3 2022.

Polar Power, Inc., C.E.O. Arthur Sams, to Present at the 35th World LPG Forum Highlighting Cost and Environmental Benefits of Transitioning from Diesel to LPG in Multiple Markets

Retrieved on: 
Thursday, November 9, 2023

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 35th World LPG Forum outlining applications and markets for LPG / Natural Gas DC generators highlighting the cost and environmental benefits of transitioning from diesel to LPG / natural gas. The LPG Forum is being held in Rome during LPG Week November 13-17, 2023.

Key Points: 
  • The LPG Forum is being held in Rome during LPG Week November 13-17, 2023.
  • “LPG Solar Hybrid systems provide these industries with highly sustainable power, long-term cost savings, and significant reductions in greenhouse gas emissions, while helping them meet their Environmental Social Governance (ESG) objectives.
  • “Our presentation shares these challenges, and vision to introduce technology and products that create sustainable value and efficiency with the participants at the World LPG Forum in Rome,” concluded Mr. Sams.
  • LPG Week brings together diverse range of stakeholders in the LPG industry to discuss the latest trends, innovations, and challenges facing the sector.