Polar Power Announces New 27KW Summit Series Deliveries To Tier-1 Telecom Customers
Portfolio Pulse from Benzinga Newsdesk
Polar Power, Inc. (NASDAQ:POLA) announces the delivery of its new 27 kW Summit Series diesel fueled DC generators to the U.S. telecom market. The product is expected to drive higher levels of orders, sales, and profits for the company due to robust demand from US Tier 1 5G operators. The company anticipates exceeding its previous annual peak DC generator sales of $20M from this series alone within the next two to three years.
November 07, 2023 | 1:10 pm
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Polar Power's new product delivery is expected to drive higher sales and profits due to robust demand from US Tier 1 5G operators. The company anticipates exceeding its previous annual peak DC generator sales of $20M from this series alone within the next two to three years.
The news directly mentions Polar Power's new product delivery to the U.S. telecom market. Given the robust demand from US Tier 1 5G operators and the company's anticipation of exceeding its previous annual peak DC generator sales, it is likely that this news will have a positive impact on Polar Power's stock price in the short term.
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