POLAR POWER, INC.

Climate Impact & Sustainability Data (2024-07-01 to 2024-09-30)

Significant losses in the past and potential for future losses.
Substantial dependence on sales of DC base power systems to one customer.
Potential for failure of plans to invest in electric vehicle chargers and other products.
Long design and sales cycles for DC power systems.
Lack of long-term revenue commitments with most customers.
High concentration of sales within the telecommunications market.
Inventory risk and potential for write-offs.
Unavailability or shortage of raw materials and components.
Highly competitive markets.
Rapid technological changes.
Natural disasters and other uncontrollable events.
Dependence on key material suppliers.
Price increases in key components.
Risks related to international sales.
Cyberattacks through security vulnerabilities.
Failure to comply with CCPA and other laws.

Efforts to diversify customer base and product portfolio.
Implementation of measures to mitigate security issues (firewalls, backups, encryption, etc.).
Policies and procedures to ensure compliance with anti-bribery laws.
Multiple sources of supply for raw materials.
Crisis management and disaster response plans.