Polar Power Appoints Michael Field as Independent Director and Compensation Committee Chair
30 July 2024 - 10:00PM
Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA),
a global provider of prime, backup, and solar hybrid power
solutions, today announces that Michael Field has been appointed a
director of the Company and compensation committee chair.
Mr. Field joins the Polar Board with four
decades of experience in global manufacturing and equipment
spanning engineering and technology development, lean
manufacturing, factory and systems integration, product management
and channel development. He has held key operating and managerial
roles and positions both at the divisional and executive levels at
UTC Carrier Corporation, PRI Automation and Brooks Automation, and
is currently the President and CEO of The Raymond Corporation,
which is in the materials handling market.
He holds a BS in Mechanical Engineering from
Rochester Institute of Technology (RIT), an MS in Manufacturing
Engineering and MBA with a concentration in International
Operations from Boston University.
Arthur Sams, Polar Power’s CEO, commented, “We
welcome Mike to the Board of Directors and the opportunity to
leverage his vast experience for the benefit of Polar Power and our
shareholders. His outstanding credentials as a leader from within
the heavy equipment industry, besides from the manufacturing side,
include an expertise in distribution and channel management along
with talent acquisition and development, both very high priorities
to us. We expect that he will be a great resource and addition to
the board.”
Mr. Field added, “I look forward to joining the
team and augmenting Polar Power’s ability to achieve global
operational excellence, through a commitment to continuous
improvement, from the shop floor to distribution management and
customer experience. I believe my extensive background and
experience will provide a great source of support to the board and
enhance the Polar Power team’s ability to execute on a set of very
exciting and environmentally-friendly growth initiatives.”
The appointment fills a vacant board seat and
brings the number of independent directors to three.
About Polar Power, Inc.
Polar Power (NASDAQ: POLA), an innovative
provider of DC advanced power and cooling systems across diverse
industrial applications, is pioneering technological changes that
radically change the production, consumption, and environmental
impact of power generation. Our product portfolio, known for
innovation, durability, and efficiency, presently includes standard
products for telecom, military, renewable energy, marine,
automotive, residential, commercial, oil field and mining
applications. Polar Power’s systems can be configured to operate on
any energy source including photovoltaics, diesel, LPG (propane and
butane), and renewable fuels.
Our telecom power solutions offer significant
cost savings with installation, permitting, site leases, and
operation. Our military solutions provide compact, lightweight,
fuel efficient, reliable power solutions for robotics, drone,
communications, hybrid propulsion, and other applications.
Our mobile rapid battery charging technology
enables on-demand roadside charging for electric vehicles. Our
combined heat and power (CHP) residential systems offer innovative
vehicle charging and integrated home power systems via natural gas
or propane feedstocks, optimizing performance and system costs.
Our micro / nano grid solutions provide lower
cost energy in “bad-grid or no-grid” environments. Our commitment
to technological advancement extends to hybrid propulsion systems
for marine and specialty vehicles, ensuring efficiency, comfort,
reliability, and cost savings.
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
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