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Stock impact report

Polar Power Receives $7.5 Million in Purchase Orders For Telecom Market Backup Power Systems

Polar Power, Inc. (POLA) 
Last polar power, inc. earnings: 11/12 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
GARDENA, Calif., Oct. 01, 2018 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ: POLA), a global provider of prime, backup and solar hybrid power solutions, announced today the receipt of $7.5 million in new orders from its existing US Tier 1 wireless customers, which will add to its existing backlog. On top of its existing orders, these additional orders are scheduled for deliveries over the next 120 days. Polar Power ‘s DC generators are used to power telecom equipment at tower facilities (cell / BTS sites) for both on-grid or off-grid locations. These new orders are for Polar Power’s standard 15kW DC backup generator with the following fuel options: diesel, natural gas and LPG fuel. With the proliferation of wireless broadband services across the United States, the need for increased reliability is growing in parallel with the need for site hardening due to the increasing frequency and severity of storms. Key technology trends, such as the internet of things (IOT), autonomous Show less Read more
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