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GARDENA, CA, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Polar Power, Inc. ("Polar Power") (NASDAQ:POLA), a manufacturer of DC generators, battery charging systems, EV chargers, microgrids, and backup power solutions, today announced it has received a $674,000 contract from a military customer for the delivery of compact, lightweight DC generators designed for mobile applications. The newly proposed model is approximately 25% smaller and lighter than Polar Power's smallest generator currently deployed in military and telecom sectors, while maintaining comparable power output. This advancement supports the growing demand for portable energy solutions across a range of industries. Expanding Applicat
GARDENA, CA, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Polar Power, Inc. ("Polar Power") (NASDAQ:POLA), a manufacturer of DC generators and battery charging systems for sectors including telecom, military, and microgrids, announced a collaboration with ZQuip, a part of Moog Inc. which is an NYSE company, to develop and supply DC hybrid power systems tailored for construction equipment. Over the past year, Polar Power and ZQuip have jointly designed a compact diesel-fueled charging system aimed at electric construction vehicles. This solution addresses the need to reduce emissions, noise, and operational costs at both urban and remote construction sites. This modular DC charger serves as a range
GARDENA, CA, Aug. 14, 2025 (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 ended June 30, 2025. Q2 2025 Financial Highlights ●Net sales were $2.7 million, compared to $4.6 million in the same period in 2024, a 42% decline●Gross profit decreased to $930,000, compared to $1.8 million in the same period in 2024, a 49% decline●Operating expenses declined 24% to $1.0 million, compared to $1.4 million in the same period in 2024●Net loss was $271,000, or $(0.11) per basic and diluted share, compared to net income of $501,000, or $0.20 p
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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 Board with four decades of experience in global manufacturing and equipment spanning engineering and technology development, lean manufacturing, factory and systems integration, product management and channel development. He has held key operating and manageria
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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 across both diesel- and natural gas-powered product lines, with new customers accounting for 18% and 12% of total sales, respectivelySubstantial year-over-year improvement in gross margin attributable to higher revenues, lower labor costs and improved factory overhead a