Balqon Corporation enters medium duty all electric
HARBOR CITY, Calif. - April 24, 2012-Balqon Corporation (OTCBB: BLQN), a developer of electric drive system technologies for commercial electric vehicles, today announced the successful development of a battery powered all electric 14 passenger electric Shuttle Bus, that incorporates Balqon electric drive system, lithium battery system and charging system into an E-450 chassis. This new vehicle also incorporates fast charging system using Balqon EQON proprietary fast charger that can charge the vehicle in less than one hour from 80% depth of discharge.
Balqon Corporation Zero Emission EQ0 14 built on E-450 chassis is designed to transport 14 passengers in a defined route shuttle operation such as Airports, Universities, Hotels and military bases. The EQO14 incorporates Balqon Corporation's proprietary electric vehicle drive system, which encompasses complete power management, propulsion, and power conversation systems and includes drive trains and energy systems (i.e., lithium batteries and a charging system).
'Addition of fast charge capabilities provides customer ability to increase daily range of the vehicle in defined route markets such as Airport Parking lot Shuttles and School Buses,' said Mr. Balwinder Samra, President and CEO of Balqon Corporation. 'Ability to opportunity charge the vehicle during daily trips makes EQO 14 a viable alternative to fossil fuel powered products currently in use at Airports' he added.'
The EQO 14 passenger electric shuttle bus can carry up to 14 passengers, with a range of 80 miles on a single charge, with ability to fully charge the vehicle in less than one hour. The vehicle also demonstrates below 69 db in noise level and incorporates the latest idle-shut off technologies that increase energy conservation during vehicle idling. The new vehicle incorporates Balqon Corporation's proprietary lithium battery management system, Quick-Shift 300 volt AC Drive technology, automatic transmission and fast charging system.
About Balqon Corporation
Headquartered in Harbor City, California, Balqon Corporation is a leading developer of zero-emissions electric drive systems, lithium battery systems and medium to heavy-duty electric vehicles. Balqon's proprietary electric drive system encompasses complete power management, propulsion, flux vector motor controllers and energy systems. Balqon electric vehicles and drive systems are marketed globally to companies, governments and municipalities looking for viable and effective ways to reduce their vehicle maintenance and operating costs and lower carbon emissions. Balqon is recognized as a pioneer in commercial electric vehicle technology and development of energy efficient transportation solutions.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
With the exception of historical information, the matters discussed in this press release, including without limitation, the commercial viability of Balqon Corporation's all electric EQ0 14, are forward looking statements that involve a number of risks and uncertainties. The actual future results of Balqon Corporation could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, customer acceptance of the EQO 14; unforeseen technical issues; the ability of Balqon Corporation to develop a market presence; Balqon Corporation's ability to attract sufficient capital and labor to manufacture its products; the ability of Balqon Corporation to attract and retain talented individuals; adverse economic and market conditions; the projected future demand for Balqon Corporation's products, including yard tractors and drive systems; changes in technology and governmental regulations and policies; and other events, factors and risks previously and from time to time disclosed in Balqon Corporation's filings with the Securities and Exchange Commission, including, specifically, those factors set forth in the 'Risk Factors' section of Balqon Corporation's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission.
Seraphim Strategies llc
Lou Levenstein
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