New Board Member Provides Four Decades of Industrial Global Manufacturing and Team Building Leadership
GARDENA, CA, July 30, 2024 (GLOBE NEWSWIRE) -- 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.
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Investor Relations Contact:
At CORE IR
Peter Seltzberg, SVP Investor Relations and Corporate Advisory
516-419-9915
peters@coreir.com
At Polar Power Inc.
IR@PolarPowerinc.com
新任董事會成員在全球工業製造和團隊建設方面發揮了四十年的領導作用
加利福尼亞州加迪納，2024年7月30日（環球新聞專線）——主電、備用和太陽能混合動力解決方案的全球供應商Polar Power, Inc.（“Polar Power” 或 “公司”）（納斯達克股票代碼：POLA）今天宣佈，邁克爾·菲爾德已被任命爲公司董事兼薪酬委員會主席。
Field 先生加入 Polar 董事會，在全球製造和設備領域擁有四十年的經驗，涵蓋工程和技術開發、精益製造、工廠和系統集成、產品管理和渠道開發。他曾在 UTC Carrier Corporation、PRI Automation 和 Brooks Automation 擔任部門和行政級別的關鍵運營和管理職位和職位，目前是物料搬運市場雷蒙德公司的總裁兼首席執行官。
他擁有羅切斯特理工學院（RIT）機械工程學士學位、波士頓大學制造工程碩士學位和主修國際運營的工商管理碩士學位。
Polar Power首席執行官亞瑟·薩姆斯評論說：“我們歡迎邁克加入董事會，並有機會利用他的豐富經驗爲極地動力和股東謀福利。作爲重型裝備行業的領導者，除了製造方面，他出色的資歷還包括分銷和渠道管理以及人才招聘和發展的專業知識，這兩者都是我們的重中之重。我們期望他將是一名出色的資源和董事會成員。”
菲爾德先生補充說：“我期待加入該團隊，通過致力於從車間到分銷管理和客戶體驗的持續改進，增強Polar Power實現全球卓越運營的能力。我相信我豐富的背景和經驗將爲董事會提供很好的支持來源，並增強Polar Power團隊執行一系列非常令人興奮和環保的增長計劃的能力。”
該任命填補了董事會空缺席位，使獨立董事人數達到三名。
關於 Polar Power, Inc.
Polar Power（納斯達克股票代碼：POLA）是一家爲各種工業應用提供先進直流電力和冷卻系統的創新供應商，正在開創技術變革，從根本上改變發電的生產、消費和環境影響。我們的產品組合以創新、耐用性和效率著稱，目前包括電信、軍事、可再生能源、海洋、汽車、住宅、商業、油田和採礦應用的標準產品。Polar Power 的系統可以配置爲使用任何能源，包括光伏、柴油、液化石油氣（丙烷和丁烷）和可再生燃料。
我們的電信電源解決方案可在安裝、許可、場地租賃和運營方面顯著節省成本。我們的軍用解決方案爲機器人、無人機、通信、混合動力推進和其他應用提供緊湊、輕便、節油、可靠的動力解決方案。
我們的移動快速電池充電技術支持電動汽車按需路邊充電。我們的熱電聯產 (CHP) 住宅系統通過天然氣或丙烷原料提供創新的車輛充電和集成家用電力系統，從而優化性能和系統成本。
我們的微型/納米電網解決方案在 “不良電網或無電網” 環境中提供更低成本的能源。我們對技術進步的承諾延伸到船用和特種車輛的混合動力推進系統，確保效率、舒適性、可靠性和成本節約。
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投資者關係聯繫人：
At CORE 投資者關係
彼得·塞爾茨伯格，投資者關係和企業諮詢高級副總裁
516-419-9915
peters@coreir.com
在 Polar Power Inc.
IR@PolarPowerinc.com
