Polar Power, Inc.

GARDENA, Calif., Sept. 24, 2026 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ: POLA) today announced that Arthur D. Sams, the Company’s Founder, President and Chief Executive Officer, has agreed to convert $614,700 of debt owed to him by the Company into 683 Series A Convertible Preferred shares of Polar Power. The conversion eliminates $614,700 of debt from the Company’s balance sheet, increases shareholders’ equity, and represents an important step toward addressing the Company’s shareholders’ equity compliance issue. “Converting this debt into equity reflects my confidence in Polar Power’s future and my commitment to the Company’s long-term success,” said Arthur Sams, Founder, President and Chief Executive Officer. “I believe the opportunities ahead of us across telecommunications, data center power, defense and distributed energy markets position Polar Power for meaningful growth.” In addition to the preferred shares, Polar is also issuing to Mr. Sams a warrant to purchase 382,276 shares of the Company’s common stock at $1.34 per share. The Company believes the debt-to-equity conversion strengthens its capital structure and supports its efforts to regain and maintain compliance with applicable Nasdaq continued listing requirements. This debt-to-equity conversion was approved by Polar’s Audit Committee, consisting entirely of independent board members. About Polar Power, Inc. Polar Power, Inc. (NASDAQ: POLA) designs, manufactures and sells direct-current power generators, renewable energy systems and other power solutions for applications including telecommunications, drone defense, robotics, EV charging, micro-grids military and commercial markets. The Company is headquartered in Gardena, California. For more information, please visit www.polarpower.com. or follow Polar Power on&nbsp;www.linkedin.com/company/polar-power-inc/. Forward-Looking Statements This press release contains forward-looking statements within the meaning of applicable federal securities laws. These statements include, among others, statements regarding the Company’s expectation for future growth opportunities and its efforts to regain and maintain compliance with Nasdaq's continued listing requirements. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks and uncertainties include those described in Polar Power’s filings with the U.S. Securities and Exchange Commission. Polar Power undertakes no obligation to update any forward-looking statement except as required by law. Media and Investor RelationsPolar Power, Inc.249 E. Gardena Blvd.Gardena, CA 90248Tel: 310-830-9153Email: ir@polarpowerinc.comwww.polarpower.com <a href="https://www.globenewswir

GARDENA, Calif., Sept. 08, 2026 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ: POLA), a global provider of prime, backup and renewable power solutions, today announced that it has reduced its outstanding indebtedness with Pinnacle Bank to approximately $1.667 million, down from approximately $4.7 million reported as of September 30, 2025. The approximately $3.033 million reduction from the September 30, 2025 balance represents roughly 65% of the previously reported amount and marks meaningful progress in strengthening the Company’s balance sheet and reducing leverage. Separately, since June 30, 2026, the Company has reduced the Pinnacle Bank balance by approximately $1.0 million, from approximately $2.7 million to approximately $1.7 million currently. Based on its current expectations and available resources, Polar Power expects to repay the remaining Pinnacle Bank balance by the end of September 2026. Arthur Sams, Chairman and CEO of Polar Power, commented: “Reducing our Pinnacle Bank debt from approximately $4.7 million to $1.667 million represents meaningful progress in strengthening our balance sheet” “Looking specifically at the period since June 30, the balance has declined from approximately $2.7 million to approximately $1.7 million currently. We currently expect to repay the remaining balance by the end of September, which would eliminate Pinnacle debt and further improve our financial flexibility.” Mr. Sams continued: “Our focus has been on reducing leverage, improving liquidity and positioning the Company to invest in opportunities that can support long-term growth. With approximately two-thirds of our Pinnacle Bank debt already repaid, we are making significant progress toward that objective.” The Company believes continued deleveraging can improve financial flexibility and allow management to focus additional resources on revenue growth, new products and strategic expansion. Polar Power continues to pursue opportunities across its traditional telecommunications and backup-power markets, as well as emerging applications involving data center power infrastructure, defense systems and advanced DC power solutions. About Polar Power, Inc. Polar Power, Inc. (NASDAQ: POLA) designs, manufactures and sells direct-current power generators, renewable energy systems and other power solutions for applications including telecommunications, drone defense, robotics, EV charging, micro-grids military and commercial markets. The Company is headquartered in Gardena, California. For more information, please visit www.polarpower.com. or follow Polar Power on&nbsp;www.linkedin.com/company/polar-power-inc/. Forward-Looking Statements This press release contains forward-looking statements within the meaning of applicable federal securities laws. These statements include, among others, statements regarding the Company’s expectation to repay the remaining Pinnacle Bank balance by the end of September 2026, anticipated improvements in financial flexibility and liquidity, and the Company’s pursuit of opportunities in telecommunications, data center power infrastructure, defense systems and advanced DC power solutions. Forward-looking statements are based on current expe

MSI Defense Solutions Selects Polar Power’s DC Power System to Support Its Advanced AI-Powered Anti-Drone and Anti-Missile Systems. GARDENA, Calif., Aug. 31, 2026 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a designer and manufacturer of advanced direct-current (DC) power systems, today announced that its ongoing customer diversification strategy is driving increased sales and development activity in military applications, including drone defense, robotics, unmanned surface vessels (USVs), communications, and battery charging. Polar Power’s DC generator has been integrated into MSI Defense Solutions’ Electronic Advanced Ground Launcher System,&nbsp;EAGLS™, an advanced system designed for automatic threat detection, classification, and interception. EAGLS™ is currently deployed in the Middle East. Recent conflicts have highlighted the growing limitations of traditional defense technologies when confronting agile, fast-moving, and difficult-to-intercept threats such as autonomous drones. As the modern battlespace evolves, the integration of advanced artificial intelligence with the speed and precision required for counter-unmanned aircraft systems (C-UAS) is increasingly important to achieving operational effectiveness. EAGLS™ is designed to operate independently or as part of a broader defense network. The system incorporates proven technologies, including 360-degree radar, laser-guided rockets, and remote weapon stations. Expanding Polar Power’s Military and Advanced-Mobility Strategy Polar Power’s military and advanced-mobility strategy builds on its established DC generator technology and its ability to configure power systems for demanding applications where reliability, low weight, compact size, fuel efficiency, and low maintenance are critical. Building the Power Infrastructure for Unmanned Systems Polar Power intends to position itself as a supplier of field power infrastructure designed to keep unmanned systems operational in remote, off-grid, and mission-critical environments. Drones and other unmanned systems are increasingly being deployed across defense and commercial applications, including intelligence and reconnaissance, logistics, infrastructure inspection, agriculture, public safety, and autonomous defense operations. As these systems become more capable and remain deployed for longer periods, reliable field power, propulsion, and battery-charging infrastructure become increasingly important. About Polar Power Gardena, California-based Polar Power, Inc. (NASDAQ: POLA), is 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. Within the telecommunications market, Polar Power’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 Polar Power on <a href="https://www.globenewswire.com/Tracker?data=c0oO4SO3CS9FhsgQnSoP3WCnEQmruaRpaRpfUeMHZXau5aBCwaLrM2S6RoHF4J4x3dHRK1ZlLLGPV3nPEu2TTEirkpfm5JiMpalAnEGNNK5j0Dcp8x6Li-duk_1mo1b-vAma8g-wtJqcEHRE7

Company applies more than three decades of DC power expertise to growing demand for mobile power and charging systems supporting modern unmanned military platforms. GARDENA, Calif., Aug. 19, 2026 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ: POLA), a designer and manufacturer of advanced direct current (DC) power systems, today announced that its ongoing customer diversification strategy is driving increased sales and development activity in military applications involving drones, robotics, unmanned surface vessels (USVs), communications and battery charging. Current projects and applications under Polar support include: Drone defense:&nbsp;Power systems supporting high-speed rapid-fire projectile systems in collaboration with the U.S. Navy Warfare Center Dahlgren. Autonomous targeting:&nbsp;DC power solutions for autonomous targeting platforms used in drone-defense applications in collaboration with a major defense contractor. Border security:&nbsp;Autonomous, land-based security stations requiring reliable off-grid power. Unmanned surface vessels:&nbsp;Polar Power's DC marine generators are being evaluated and utilized for propulsion, communications, monitoring, defense and other applications aboard water-based autonomous platforms with multiple defense companies. Battery charging and field power:&nbsp;Compact DC generators designed to provide mobile power and charging capabilities for robotics, drones and communications with multiple defense companies and government agencies. Polar Power's military and advanced-mobility strategy builds on its existing DC generator technology and its ability to configure systems for demanding applications where reliability, light weight, compact size, fuel efficiency and low maintenance are critical. At present, Polar Power’s sales to individual defense contractors and government agencies generally involve limited quantities as products undergo field testing, qualification and evaluation, and finally production contracts. Military contracts that are awarded to Polar Power typically generate $1M to $1.5M in annual revenues. Polar Power believes successful completion of these stages could create opportunities for larger production orders and broader deployment, although there can be no assurance that such opportunities will materialize. Building the Power Infrastructure for Unmanned Systems Polar Power intends to position itself as a supplier of the field power infrastructure required to keep unmanned systems operational in remote, off-grid and mission-critical environments. Drones and other unmanned systems are increasingly being deployed across defense and commercial applications, including intelligence and reconnaissance, logistics, infrastructure inspection, agriculture, public safety and autonomous defense operations. As these systems become more capable and are deployed for longer periods, reliable field power, propulsion, and battery-charging infrastructure becomes increasingly important. “Polar Power’s engineers and staff enjoy the challenges of working with our defense contractors and the various DoD agencies. There is huge personal satisfaction on what gets accomplished on these various projects.” said Arthur D Sams. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the federal securities laws, including s

New Directors Bring Extensive Corporate Leadership, Defense, Technology and Sales / Distribution Experience GARDENA, Calif., Aug. 18, 2026 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ: POLA), a global provider of power and energy solutions for defense, telecommunications, data center and other critical infrastructure applications, today announced the appointment of Jim Ahern and Menachem “Menny” Shalom to its Board of Directors. The appointments are part of Polar Power’s ongoing initiative to strengthen its Board with additional experience in corporate governance, manufacturing, defense markets and strategic growth. Jim Ahern is an instructor and executive educator at the W. P. Carey School of Business within Arizona State University (ASU). He teaches in the Department of Management and Entrepreneurship, leveraging over 40 years of global corporate leadership and executive consulting experience. Menachem “Menny” Shalom is Chief Executive Officer of T3 Defense and brings experience in defense applications, advanced technologies, manufacturing and business development within the defense sector. He holds a Bachelor's degree in Law and Accounting alongside a Master's degree in Banking and Finance. Arthur Sams, Chairman and CEO of Polar Power, stated: “Jim and Menny bring highly complementary experience to Polar Power at an important point in the Company’s evolution. As we expand through continued customer diversification by increasing our military sales, broaden our product offering and continue executing our restructuring strategy, their experience and relationships should provide meaningful additional perspective to our Board.” The Company believes the strengthened Board will support Polar Power’s strategy of pursuing new defense opportunities, expanding its domestic and international presence, improving operating efficiencies and evaluating strategic opportunities intended to enhance long-term shareholder value. About Polar Power, Inc. Polar Power, Inc. (NASDAQ: POLA) designs, manufactures and sells power and energy systems for applications including telecommunications, defense, data centers and other critical infrastructure markets. Forward-Looking Statements This press release contains forward-looking statements regarding operating trajectory, order fulfillment, delivery timing, deployment, market opportunity, liquidity, financing plans, ability to continue as a going concern, Nasdaq compliance, and strategic priorities. These statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially, including substantial doubt about the Company’s ability to continue as a going concern, limited cash and liquidity, delisting risk, customer and supplier concentration, order fulfillment and production risks, supply-chain and shipping delays, customer acceptance risks, potential lender or landlord remedies, and other risk factors described in the Company’s Form 10-K for the year ended December 31, 2025 and Form 10-Q for the quarter ended March 31, 2026. Forward-looking statements apply only as of the date hereof; the Company undertakes no obligation to update them except as required by law. Media and Investor Relations Polar Power, Inc.249 E. Gardena Blvd.Gardena, CA 90248Tel: 310-830-9153ir@polarpowerinc.com <a href="https://www.globenewswire.com/Tracker?data=hX1ZBeIbhxq-veNMtqdwTX6rgUNEapZzfITGkqowKWeG6jig776NzB6KfXlbGbLZEpR28_VtCakNLIJfz0v3ZObwAR9RegW5kCwz

Proven telecom deployments across five markets are generating reorders and pulling Polar into adjacent applications the Company believes are larger than telecom GARDENA, Calif., Aug. 12, 2026 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ: POLA) (“Polar” or the “Company”), a manufacturer of DC power and solar-hybrid systems for both off-grid and bad-grid environments, today reported that it has generated approximately $7.9 million in revenue from the Pacific Islands since 2024, shipping 333 DC generators and solar-hybrid systems across Papua New Guinea, Fiji, Vanuatu, the Solomon Islands, and Guam. The Company also disclosed a current solar-hybrid backlog of approximately $670,000 in the Solomon Islands, following a recent repeat order from a regional telecommunications customer. The reorders are the clearest signal of Polar’s progress. Telecom operators generally place repeat orders only after a system has proven its reliability and operating-cost savings in the field. Polar’s expanding footprint reflects a repeatable business model — an initial field trial, followed by a successful deployment, followed by rising volume as operators standardize on Polar’s technology across their networks. “We’ve now shipped 333 systems and generated $7.9 million of revenue across five Pacific markets, and the reorders tell us the technology is proving itself where it matters most — in the field,” said Arthur D. Sams, President and Chief Executive Officer of Polar Power. “Each successful deployment becomes a reference for the next, and it is pulling us toward a much larger opportunity beyond telecom — in microgrids, water pumping, cooling, and EV charging.” Having completed the multi-year trial-to-volume adoption cycle with several Pacific Island carriers, Polar believes it is now entering the ramp phase of the region’s build-out, where reference installations convert into recurring, higher-volume orders. The Company views the Pacific Islands as one of the world’s most underserved markets for reliable, low-cost power — and, increasingly, as a proving ground for applications well beyond telecom. As carriers install Polar’s hybrid systems, the same reliable, low-cost power is drawing demand from adjacent local applications — microgrids, uninterruptible power supplies (UPS), water pumping, air conditioning, and electric-vehicle charging. Polar believes the combined market for these applications is larger than telecommunications alone, and that its growing base of installed, field-proven systems positions the Company to capture it. Polar’s systems are engineered for the Pacific’s dispersed geography and harsh marine environments. The Company’s DC generators connect directly to battery storage, eliminating AC-to-DC conversion losses and reducing installed cost, while variable-speed engines and rare-earth permanent-magnet alternators cut fuel consumption — a decisive advantage where fuel must be transported to remote sites at high cost. About Polar Power, Inc. Polar Power, Inc. (NASDAQ: POLA) designs, manufactures and sells direct current, or DC, power systems for telecommunications, military, automotive, industrial and other applications. Polar Power’s systems provide reliable, low-cost prime and backup power for applications requiring high reliability and low maintenance. The Company has also expanded its product portfolio to include power and cooling systems for data centers, as well as charging systems for drones. For additional information, please visit www.polarpower.com. Forward-Looking Statements This pres

Repeat orders build on successful 2024 deployments, expanding reliable off-grid power to 15 additional remote telecom sites. GARDENA, Calif., Aug. 11, 2026 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ: POLA) (“Polar” or the “Company”) announced today that it has received purchase orders from a telecommunications company in the Solomon Islands for the deployment of 15 additional Solar Hybrid Power Systems. The new orders were based on successful installations completed in 2024 and will support the continued expansion of broadband communications infrastructure across their island communities. Building acceptance of Polar’s Solar Hybrid Power technologies in the region we believe can lead to significant sales growth. Polar has also sold its DC generators as a standalone product to Fiji, Papua New Guinea, Vanuatu, Guam, and Indonesia, but its future growth and profitability lie in supplying complete Solar Hybrid Systems. The Solomon Islands’ dispersed geography and challenging tropical marine environment present typical obstacles for reliable off-grid power for most rural areas in developing countries worldwide. Challenges include high fuel transportation costs, difficult maintenance logistics, and the need for uninterrupted service during severe weather events. Polar Power’s Solar Hybrid Power Systems are designed to address these challenges by combining solar photovoltaic (PV) generation, battery energy storage, and the company’s high-efficiency DC generator technology into an integrated weather-tight solution. Unlike conventional AC generators, Polar’s DC generators deliver power directly to battery energy storage systems, eliminating the need for AC-to-DC conversion equipment such as battery chargers and rectifiers. This approach improves overall system efficiency, reduces hardware requirements, lowers installation costs, and simplifies system design. Engineered for demanding operating conditions, Polar’s hybrid systems feature stainless steel hardware, powder-coated aluminum enclosures, and conformal-coated electronics for enhanced corrosion resistance and long-term durability. The systems also utilize variable-speed generators and permanent-magnet alternators with rare-earth magnets to maximize fuel efficiency while minimizing operating costs. Compared with traditional AC generator-based solutions, Polar’s DC-powered architecture can reduce overall system size and weight by up to 50%, making transportation and installation significantly easier in remote locations where access is often limited to small boats, pickup trucks, helicopters, or manual transport. Depending on site configuration, Polar’s Solar Hybrid Power Systems can reduce carbon emissions by approximately 40% to 90% through increased solar utilization and generator efficiencies. Historically, telecom operators have limited solar adoption at their sites because of the upfront capital cost and the additional space that conventional solar installations require. Polar’s hybrid architecture directly addresses these barriers: it requires less battery storage and eliminates the capital cost of battery chargers and rectifiers, along with their associated power conversion losses. These efficiencies lower both capital and operating costs, making renewable energy deployment more economically viable for remote telecommunications infrastructure. Reliable, cost-effective off-grid power is essential for supporting broadband connectivity, healthcare services, emergency communications, and broader economic development in rural communities. As telecommunications providers increasingly adopt hybrid renewable energy solutions, successful deployments can also serve as reference installations for similar applications worldwide. <p align="justify" style="padding-

Facility Expected to Provide Access to Additional Working Capital and to Support Continued Growth of the Company’s DC Power Systems Business, Including Data-Center Power and Cooling and Drone-Charging Systems GARDENA, Calif., July 27, 2026 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ: POLA) (“Polar Power” or the “Company”), a global provider of DC power systems for telecommunications, military, EV charging, micro/nano grids, and other applications, today announced that it has entered into a Committed Equity Facility (“CEF”) with Roth Principal Investments, LLC (“RPI”), an affiliate of CR Financial Holdings, Inc., the holding company for Roth Capital Partners. The CEF allows, but does not obligate, Polar Power to issue and sell up to $25 million of its shares of common stock to RPI, at the Company’s discretion and subject to certain conditions set forth in the CEF agreement, following the filing and effectiveness of a registration statement registering the resale of such shares. Polar Power intends to use any net proceeds for working capital and general corporate purposes, including continued development and growth of its DC power systems business. The Company may access capital opportunistically over time and is under no obligation to utilize the full amount available under the facility. The Company may not be able to sell the full $25 million of shares available under the facility due to limitations, including the number of shares registered for resale and applicable Nasdaq rules. Sales of common stock under the facility, if any, are expected to be made at prices based on the prevailing market price of the common stock at the time of sale, and such sales, together with the resale of shares by RPI, may be dilutive to the Company’s existing stockholders. “We are pleased to have entered into this Committed Equity Facility, which is intended to provide additional financial and working capital flexibility to support the continued growth of our DC power systems business. Building on our proven DC power technology, we have expanded into new markets—including charging systems for drones, micro/nano grids, EV charging, robotics, and power and cooling solutions for data centers—and this facility is intended to provide added flexibility to pursue these markets,” stated Arthur D. Sams, President and Chief Executive Officer of Polar Power. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The Company intends to file a registration statement with the SEC to register the resale of the shares issuable under the CEF. These securities may not be sold until that registration statement is filed and becomes effective. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the “safe harbor” created by those sections. All statements in this release that are not based on historical fact are “forward-looking statements.” These statements may be identified by words such as “estimates,” “anticipates,” “projects,” “plans,” “strategy,” “goal,” or “planned,” “seeks,” “may,” “might”, “will,” “expects,” “intends,” “believes,” “would,” “should,” and similar expressions, or the negative versions thereof, and which also may be identified by their context. All statements that address availability of capital, Polar Power’s potential use of the CEF, including the use of proceeds, and anticipated deman

GARDENA, California, June 02, 2026 (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 highlighted its financial results for its first quarter ended March 31, 2026, which the Company disclosed by its quarterly report on Form 10-Q with the Securities and Exchange Commission on May 20, 2026, and its recent operational progress. The quarter reflected substantial year-over-year gains in gross margin, operating results, and balance sheet strength, supported by a $3.7 million sales order backlog as of March 31, 2026. Gross margin expanded to 65.7% from 18.6% in Q1 2025, approximately 41% including the benefit of a one-time warranty reserve adjustment, and gross profit grew to $1.1 million compared to $319,000 in Q1 2025; Operating expenses declined 22% from $1.4 million in Q1 2025 to $1.1 million in Q1 2026; Net loss narrowed 86% year-over-year to $176,000 in Q1 2026, compared to $1.2 million in Q1 2025; Stockholders’ equity increased to $2.3 million and working capital turned positive at $2.1 million; Reached a settlement to continue operating at its Gardena headquarters at greatly reduced rent; Close to reaching stockholders’ equity compliance; intends to regain compliance within the available cure period; Continues to reduce the outstanding balance on the Pinnacle Bank credit facility. As of May 30, 2026, the balance was $3.2 million, supported by $1.2 million in receivables and $13.7 million in inventory available as collateral, if needed; and Sales Backlog was $3.8 million as of May 30, 2026, which the Company anticipates fulfilling in the coming months to further reduce debt. FIRST QUARTER 2026 FINANCIAL HIGHLIGHTS (in thousands, except per share data) &nbsp; Q1 2026 &nbsp; &nbsp; Q1 2025 &nbsp; &nbsp; Y/Y +/(-) Change &nbsp; Net sales &nbsp; $ 1,728 &nbsp; &nbsp; $ <td style="text-align: right ; vertical-align: middle; v

Gardena, CA, Nov. 21, 2025 (GLOBE NEWSWIRE) -- Polar Power Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA) announced today that it has received an initial purchase order for fifty (50) next-generation model EVMC30K EV mobile chargers (“EVMC30K Chargers”), designed to provide emergency roadside fast-charging for electric vehicles (EVs) that have depleted their batteries charge before reaching a stationary charging station. Polar Power’s EVMC30K Chargers provide up to 30 kW of level 3 fast charging power (using CCS and Tesla charging standards), enabling stranded EV drivers to resume their journey without the delays and expense of towing. They operate independent of the grid using a propane fueled Toyota prime power engine driving a high efficiency Polar DC alternator for a direct generator to EV charging. Polar Power’s DC generator technology is known for its compact, lightweight, and low cost performance. The EVMC30K Chargers are also available in natural gas and diesel fuel options. The EVMC30K Chargers deliver a 15 to 30-minute charge, sufficient to reach the nearest charging station—similar to providing a can of gasoline to a stranded motorist. Automotive dealerships have problems with EVs that have lost their charge during transportation from the factory or from being stored onsite for weeks. Polar Power’s EVMC30K Chargers provide the solution. Car rental agencies typically do not have access to level 2 or 3 chargers on their property. Using EVMC30K fast charging can provide quick turnaround for new clients, improving asset utilization. Polar’s mobile charging technology is expected to address critical pain points for: EV owners facing range anxiety and battery drain; Automakers and dealers managing electric vehicles during shipping and storage; Fleet operators requiring on-site charging for service and maintenance; and Car rental agencies recharging EVs for the next renter. “There is a substantial market need for mobile EV charging solutions,” said Arthur Sams, CEO of Polar Power. “As an EV owner for 9 years, I understand the challenges of range anxiety and phantom discharge. Our technology provides a practical and efficient alternative to towing, giving EV owners peace of mind and enabling fleets, dealerships, and manufacturers the ability to manage charging needs during transport and storage, and rescue their stranded drivers.” “There are two other mobile EV fast charging solutions. The first one incorporates a large AC generator powering an AC to DC power supply that connects to the EV. However, transporting the “mobile” charger to site requires a large size truck or tractor-trailer. The second technology uses a large battery powering a DC to DC power supply that connects to the EV, and this approach is expensive and still has the problem of locating a site to recharge the charger. Polar Power’s mobile charging system provides a powerful solution: their compact DC-based system can be installed on a small pickup truck or hand pushcart.” “With EV adoption accelerating into trucks and buses, Polar Power sees a significant opportunity to supply mobile EV chargers nationwide for both residential and commercial applications. Polar Power’s customer for these 50 units is currently in business selling level 1 and 2 mobile EV chargers. We are currently in negotiation for a 2 year distribution agreement for sales and service of our mobile chargers. This is expected to augment Polar Power’s limited sales presence in the niche mar