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Profile: Polar Power Inc (POLA.A)

POLA.A on American Stock Exchange

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1 Nov 2018
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Polar Power, Inc., incorporated on October 9, 1991, is engaged in designing, manufacturing and selling direct current (DC) power systems for applications primarily in the telecommunications, military, electric vehicle charging, cogeneration, distributed power and uninterruptable power supply markets. Within the telecommunications market, the Company's DC power systems provide DC power to service applications that do not have access to the utility grid (such as off-grid applications) or have critical power needs and cannot be without power in the event of utility grid failure (such as back-up power applications). The Company's product offerings include DC base power systems, DC hybrid power systems and DC solar hybrid power systems. The Company installs, sells and services its products within its identified markets through its direct sales force and a network of independent service providers and dealers.

The Company's DC base power systems integrate its DC generator with automated controls that are programmed to charge various battery chemistries to provide backup energy during a power failure. In addition, these systems are also used to provide prime power in off-grid and bad-grid locations to power DC loads in telecommunications towers. The DC hybrid power systems combine its DC base power systems with lithium-ion batteries (or other advanced battery chemistries) to store energy from DC generator or grid systems to provide back-up power or prime power. Its DC hybrid power system replaces lead acid systems with lithium batteries equipped with its battery management system (BMS), which protects batteries from being over charged or over discharged during daily use. Its DC solar hybrid power systems combine its DC hybrid power system with solar panels to produce and store energy generated by the solar panels into lithium-ion batteries. Its DC power systems are available in diesel, natural gas, liquid propane gas, gasoline and biofuel formats, with diesel, natural gas and liquid propane gas being the predominant formats, and are capable of being remotely monitored by its global network management tool using its software technology.

The Company's technologies include Permanent Magnet Homopolar Hybrid (PMHH) Technology and Supra Controller Technology. Its power and control system architecture is controlled by its digital control system, Supra Controller, which contains software configured to meet specific application needs. Its Supra Controller networks all components through controller area network (CAN) bus communications and software and has the ability to control, analyze, monitor, record and communicate all key system parameters. In the DC power systems market, it has developed PMHH alternator technology integrated with an engine, control devices and a battery management system. It has relationships with local service partners in international markets to jointly promote, distribute and service its products. The Company manufactures and assembles its DC power systems at its facility located in Gardena, California.

The Company competes with Caterpillar, Generac, Cummins, 3-Tech, Ascot, Ausonia, Controllis, Kohler, Plug Power, Ballard Power, Intelligent Energy, Tesla, Exide, Enersys, Panasonic, Axiom, Samsung, Deka, Trojan batteries, Eltek Valere, General Electric, Schneider Electric, Alpha Technologies and Emerson Power.

Company Address

Polar Power Inc

249 E Gardena Blvd
GARDENA   CA   90248-2813
P: +1310.8309153

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