Press Releases August 18, 2026 04:30 PM

Polar Power Announces Two New Board Appointments

Polar Power strengthens its Board with appointments aimed at driving defense market expansion and strategic growth

By Priya Menon
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POLA

Polar Power, Inc. announced the appointment of Jim Ahern and Menachem Shalom to its Board of Directors to enhance corporate governance and leverage their expertise in defense, manufacturing, and strategic growth. These appointments support the company's efforts to diversify customers, increase military sales, expand internationally, improve efficiencies, and enhance shareholder value.

Polar Power Announces Two New Board Appointments
POLA
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Key Points

  • Two new board members appointed bringing expertise in corporate leadership, defense, and technology.
  • Focus on expanding military sales and broadening product offerings to grow defense market presence.
  • Strategic board strengthening expected to aid operational efficiencies and long-term shareholder value.
  • Sectors impacted include defense, telecommunications, critical infrastructure, and manufacturing.

New Directors Bring Extensive Corporate Leadership, Defense, Technology and Sales / Distribution Experience

GARDENA, Calif., Aug. 18, 2026 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ: POLA), a global provider of power and energy solutions for defense, telecommunications, data center and other critical infrastructure applications, today announced the appointment of Jim Ahern and Menachem “Menny” Shalom to its Board of Directors.

The appointments are part of Polar Power’s ongoing initiative to strengthen its Board with additional experience in corporate governance, manufacturing, defense markets and strategic growth.

Jim Ahern is an instructor and executive educator at the W. P. Carey School of Business within Arizona State University (ASU). He teaches in the Department of Management and Entrepreneurship, leveraging over 40 years of global corporate leadership and executive consulting experience.

Menachem “Menny” Shalom is Chief Executive Officer of T3 Defense and brings experience in defense applications, advanced technologies, manufacturing and business development within the defense sector. He holds a Bachelor's degree in Law and Accounting alongside a Master's degree in Banking and Finance.

Arthur Sams, Chairman and CEO of Polar Power, stated:

“Jim and Menny bring highly complementary experience to Polar Power at an important point in the Company’s evolution. As we expand through continued customer diversification by increasing our military sales, broaden our product offering and continue executing our restructuring strategy, their experience and relationships should provide meaningful additional perspective to our Board.”

The Company believes the strengthened Board will support Polar Power’s strategy of pursuing new defense opportunities, expanding its domestic and international presence, improving operating efficiencies and evaluating strategic opportunities intended to enhance long-term shareholder value.

About Polar Power, Inc.

Polar Power, Inc. (NASDAQ: POLA) designs, manufactures and sells power and energy systems for applications including telecommunications, defense, data centers and other critical infrastructure markets.

Forward-Looking Statements

This press release contains forward-looking statements regarding operating trajectory, order fulfillment, delivery timing, deployment, market opportunity, liquidity, financing plans, ability to continue as a going concern, Nasdaq compliance, and strategic priorities. These statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially, including substantial doubt about the Company’s ability to continue as a going concern, limited cash and liquidity, delisting risk, customer and supplier concentration, order fulfillment and production risks, supply-chain and shipping delays, customer acceptance risks, potential lender or landlord remedies, and other risk factors described in the Company’s Form 10-K for the year ended December 31, 2025 and Form 10-Q for the quarter ended March 31, 2026. Forward-looking statements apply only as of the date hereof; the Company undertakes no obligation to update them except as required by law.

Media and Investor Relations

Polar Power, Inc.
249 E. Gardena Blvd.
Gardena, CA 90248
Tel: 310-830-9153
[email protected]
www.polarpower.com


Risks

  • Polar Power has substantial doubt about its ability to continue as a going concern due to limited cash and liquidity.
  • Risks related to order fulfillment, production, supply-chain and shipping delays may impact growth plans.
  • Potential risks from delisting and customer or supplier concentration could affect company stability and expansion efforts.

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