Polar Power Inc (POLA)

[southacresdave]

10K came out today. A few things in it:

On AT&T and T-mobile: "We made substantial progress in our plan to reduce our customer concentration and to secure new wireless carriers for our DC power solutions. During the three months ended March 31, 2017, we obtained approved vendor status with two additional Tier 1 U.S. wireless carriers. We expect these new carriers to commence ordering products during the next two quarters."

on competition: "We also reduced the prices of our DC power systems during this quarter. We believe this price adjustment will assist us in developing new business in international markets and will provide us with a competitive advantage in the U.S."

On Verizon: "Although we continue to receive purchase orders at a steady rate, the monthly average amount of sales to Verizon Wireless has been lower than the previous two quarter’s monthly average sales volume. Based upon conversations with representatives of Verizon Wireless, we believe that order rates will improve during the second half of 2017."