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-0.00165289256198344 0 -0.0429752066115702 -0.0347107438016529 -0.0198347107438017 1.46806350363657E-16 -0.0231570247933883 -0.0148760330578512
Stock impact report

Polar Power Announces Record Backlog of $19.1 million in DC Power Systems

Polar Power, Inc. (POLA) 
Last polar power, inc. earnings: 11/12 04:05 pm Check Earnings Report
Company Research Source: PR Newswire
GARDENA, Calif., Nov. 29, 2018 /PRNewswire/ -- Polar Power, Inc. (NASDAQ: POLA), a global provider of prime, backup and solar hybrid DC power solutions, announced today increasing demand from U.S. telecom providers during the fourth quarter of 2018 has resulted in a backlog of $19.1 million as of November 26th, 2018. This is a $17.3 million increase from a backlog of $1.8 million on December 31, 2017. The backlog of $19.1 million reflects $1.1 million in international sales from Africa and Asia regions, which is a key strategic growth initiative for the company.Polar Power C.E.O. Arthur D. Sams commented, "Over the course of the year we have made great strides in positioning Polar Power for long term success including receiving product certifications from top tier-1 telecom providers worldwide and nearly doubling our manufacturing capacity as we go into 2019. We believe that we have overcome major supply chain issues encountered during Q3 2018, allowing us to increase our production f Show less Read more
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