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

POLA

Polar Power Announces Two New Board Appointments

Polar Power adds seasoned directors to bolster defense growth and governance

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  <section data-block="information">
    <h3>Information</h3>
    <p>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</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Polar Power announced two new board members, Jim Ahern and Menachem Shalom, to strengthen governance and defense-market reach. The appointments align with a strategy to diversify customers, expand military sales and advance restructuring. While the move could improve oversight and deal flow, liquidity risk remains a critical near-term constraint.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Polar Power names Jim Ahern and Menny Shalom to its Board. Strengthens governance and defense-market expertise.</li><li>Ahern brings 40+ years of leadership; Shalom leads defense tech and manufacturing at T3 Defense.</li><li>Board expansion supports pursuing new defense opportunities and global expansion.</li><li>Company cites restructuring progress and aims to improve operating efficiencies.</li><li>Forward-looking statements warn of liquidity, going-concern risk, delisting risk, and supply-chain factors.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Polar Power, Inc. (POLA)</strong>: Board expansion aimed at defense growth and governance improvement.</li><li><strong>T3 Defense (N/A)</strong>: Shalom&#039;s leadership adds defense-market experience and potential partnerships.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The piece reports leadership changes intended to guide strategic growth in defense markets, signaling POLA&#039;s focus on governance and expansion as a near-term catalyst.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Board appointments could expand POLA&#039;s defense sales pipeline and partner network.</li><li>No revenue guidance provided; reaction depends on near-term defense opportunities.</li><li>Restructuring progress and potential cost efficiencies may improve margins.</li><li>Liquidity and going-concern risks remain key overhangs.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Aug. 18, 2026: POLA announces appointment of Jim Ahern and Menny Shalom to its Board.</li><li>Jim Ahern: ASU business professor with 40+ years of global leadership experience.</li><li>Menny Shalom: CEO of T3 Defense, experienced in defense applications and manufacturing.</li><li>Company states strengthened Board to pursue new defense opportunities and broaden presence.</li><li>Forward-looking statements cite risks including going concern, liquidity, delisting risk, and supply-chain factors.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Moderate positive read-through for POLA over 3–6 months if board changes translate into defense contracts and improved execution, but liquidity risk caps upside.</p>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p><b>New Directors Bring Extensive Corporate Leadership, Defense, Technology and Sales / Distribution Experience</b></p>  <p align="justify"><b>GARDENA, Calif., Aug.  18, 2026  (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/POLA">POLA</a>)</b>, a global provider of power and energy solutions for defense, telecommunications, data center and other critical infrastructure applications, today announced the appointment of <b>Jim Ahern</b> and <b>Menachem "Menny" Shalom</b> to its Board of Directors.</p>  <p align="justify">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.</p>  <p align="justify"><b>Jim Ahern </b>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.</p>  <p align="justify"><b>Menachem "Menny" Shalom</b> 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&#39;s degree in Law and Accounting alongside a Master&#39;s degree in Banking and Finance.</p>  <p>Arthur Sams, Chairman and CEO of Polar Power, stated:</p>  <p align="justify">"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."</p>  <p align="justify">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.</p>  <p><b>About Polar Power, Inc.</b></p>  <p align="justify">Polar Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/POLA">POLA</a>) designs, manufactures and sells power and energy systems for applications including telecommunications, defense, data centers and other critical infrastructure markets.</p>  <p><b>Forward-Looking Statements</b></p>  <p align="justify">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.</p>  <p><b>Media and Investor Relations</b></p>  <p><b>Polar Power, Inc.</b><br></br>249 E. Gardena Blvd.<br></br>Gardena, CA 90248<br></br>Tel: 310-830-9153<br></br><a href="https://www.globenewswire.com/Tracker?data=KbElaJg6WcBJFQA375KrOZVxIS4kG5eY90FittC2TC19DuTXXOAzYxxNsLQNqYg5dNYNMBZ-v_cvXTBbSMbr3e_wo1fTRWN2LWy_ashP0F0=" rel="nofollow" target="_blank">ir@polarpowerinc.com</a> <br></br><a href="https://www.globenewswire.com/Tracker?data=hX1ZBeIbhxq-veNMtqdwTX6rgUNEapZzfITGkqowKWeG6jig776NzB6KfXlbGbLZEpR28_VtCakNLIJfz0v3ZObwAR9RegW5kCwzVeCrQAs=" rel="nofollow" target="_blank">www.polarpower.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTgxMjI3MiM3NzgyNzM5IzUwMDA4NjY3OQ=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/NTYxNGExOGYtZGVjNS00NTUyLWIzZDktOTY0MGJlM2JlNmMyLTUwMDA4NjY3OS0yMDI2LTA4LTE4LWVu/tiny/Polar-Power-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/edd42c7f-20af-4a8a-ac7b-e8139ca1da2f"><img src="https://ml.globenewswire.com/media/edd42c7f-20af-4a8a-ac7b-e8139ca1da2f/small/logo-png.png" border="0" width="150" height="50" alt="Primary Logo"></img></a></p>

Polar Power announced two new board members, Jim Ahern and Menachem Shalom, to strengthen governance and defense-market reach. The appointments align with a strategy to diversify customers, expand military sales and advance restructuring. While the move could improve oversight and deal flow, liquidity risk remains a critical near-term constraint.

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Polar Power Announces Two New Board Appointments

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Corporate Developments