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Investing.com -- Polar Power, Inc. (NASDAQ:POLA) stock jumped 12% in premarket trading Tuesday after the company announced it has secured a $674,000 contract from a military customer for compact DC generators designed for mobile applications.
The contract calls for Polar Power to deliver a newly proposed generator model that is approximately 25% smaller and lighter than the company’s smallest generator currently deployed in military and telecom sectors, while maintaining comparable power output. This development addresses growing demand for portable energy solutions across multiple industries.
According to the company, the new contract completes Polar Power’s DC generator lineup, which now ranges from 2 kW to 50 kW. The manufacturer of DC generators, battery charging systems, and backup power solutions indicated that its next development target is a 200 kW DC generator for edge computing and small data centers.
Polar Power CEO Arthur D. Sams stated that the company is expanding its range of power systems to support goals of customer diversification and increased brand recognition. The firm plans to sell directly to large accounts while establishing dealer networks for smaller volume sales.
The company highlighted growing applications for its DC generators in sectors including robotics, drones, communications, agriculture, transportation infrastructure, and recreational marine and RV markets, where they serve as range extenders for battery-powered devices.
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