POLAR POWER AWARDED FIRST PLACE FOR PRESENTATION AT THE GLOBAL TECHNOLOGY CONFERENCE DURING LPG WEEK 2023 IN ROME, ITALY
November 28 2023 - 8:00AM
Polar Power, Inc. (“Polar Power” of the “Company”) (NASDAQ: POLA),
a global provider of prime, backup, and solar hybrid power
solutions, announces CEO, Arthur Sams’ presentation at LPG Week
2023 in Rome Italy took first place in the Global Technology
Conference, as voted by attendees.
Polar Power presented opportunities to the
audience for immediate and large-scale distribution of LPG and
natural gas along with value added services. Discussion topics
included barriers and solutions for market entry, the correct
technologies required for success and the causes behind past market
and applications that have failed, and the concept of combining
LPG/NG with solar generating low cost and sustainable electrical
power.
Market barriers to LPG as a preferred fuel over
diesel were attributed to the lack of market awareness and
participation on the part of LPG industry and customers concern
over LPG availability.
Technology discussions included the advantages
of LPG over diesel, DC vs AC generators, prime power generators vs
backup generators, optimum hybrid systems incorporating solar and
LPG/NG.
The LPG producers and distributors have focused
their marketing efforts on applications relating to cooking,
heating, fuel for trucks and automobiles, and backup generators for
home and office and this has been carried on for many decades.
Overlooked was the market for generating electric power for prime
power using generators less than 50 kW for telecommunications, nano
grids, bad grids, and EV charging, which are applications presently
dominated by diesel as a fuel.
Arthur Sams, CEO of Polar Power commented, “This
award, which is quite an honor for us, drew critical attention to
Polar Power’s products and services and resulted in numerous
introductions to key players in the LPG distribution market.
Currently resistance to using clean fuel for electric power
generator is driven by the customers’ concern over fuel
availability and delivery. As a result of our participation at this
event we can now introduce our customers to reliable and lower cost
sources of fuel. Our technology-driven products are suited to run
on diesel or LPG/NG, and we share an exciting vision of
proliferation of clean fuels throughout our served markets with the
world’s leading telecom, power, and other industrial service
providers. This technology platform gives us a competitive
advantage as one of the first movers in this emerging market for 50
kW DC clean fuel prime power systems.”
The award-winning presentation is currently
available at https://polarpower.com/tech-presentations/.
About LPG Week:
LPG Week travels the globe annually, bringing
together CEOs of major LPG companies, government ministers and
representatives of major intergovernmental organizations and media,
to explore the LPG business, discuss its growth potential and forge
new business relationships. For more information, please visit
https://www.lpgweek.com/.
About Polar Power, Inc.
Gardena, California-based Polar Power, Inc.
(NASDAQ: POLA), 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, electric vehicle 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 us on
www.linkedin.com/company/polar-power-inc/.
Investor Relations Contact:
At CORE IR
Peter Seltzberg, SVP Investor Relations and Corporate
Advisory516-419-9915peters@coreir.com
At Polar Power Inc.
IR@PolarPowerinc.com
Polar Power (NASDAQ:POLA)
Historical Stock Chart
From Mar 2024 to Apr 2024
Polar Power (NASDAQ:POLA)
Historical Stock Chart
From Apr 2023 to Apr 2024