Polar Power Announces $5.1 Million in New Bookings to Date in Q1 2024

March 12, 2024

https://www.globenewswire.com/news-release/2024/03/12/2844496/0/en/Polar-Power-Announces-5-1-Million-in-New-Bookings-to-Date-in-Q1-2024.html

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 telecom customers. Combined with the $2.9 million in previously announced new bookings in January, Polar Power has announced $5.4 million in new bookings for the first quarter of 2024, which compares to $3.7 million in new bookings for the first quarter in 2023, an increase of 46%.

Read more at globenewswire.com

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