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Polar Power, Inc.

Polar Power, Inc.

The alphaDIRECT Insight

Polar Power develops technologies and products that produce reliable energy for off-grid and backup power applications with a major focus on the telecom market. The company also produces energy efficient cooling and refrigeration systems. Polar has the unique ability to integrate multiple technologies into a single solution meeting the customer’s specific needs. To protect its IP and deliver the most cost-effective solution Polar maintains a vertically integrated manufacturing facility. We believe the company is beginning to deliver on its key strategic initiative of diversifying its exposure within top-tier telecom providers, expanding internationally and developing non-telecom markets such as military and onsite primary power generation for residential and commercial markets. These initiatives are beginning to show in the company’s backlog with a record $19.1 million as of November 26th.  In this report we review the company’s overall strategy, technology and markets.

Company Overview

Gardena, California-based Polar Power, Inc. (NASDAQ: POLA), 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, electric vehicle charging, cogeneration, distributed power and uninterruptable power supply. Within the telecommunications market, Polar’s systems provide reliable and low-cost energy for applications for off-grid and bad-grid applications with critical power needs that cannot be without power in the event of utility grid failure. For more information, please visit www.polarpower.com. or follow us on www.linkedin.com/company/polar-power-inc/

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