Balqon Corporation Showcases Nautilus XR E20 Heavy-Duty Truck's Enhanced Range at 2011 Alternative Clean Transportation Expo

LONG BEACH, Calif. and HARBOR CITY, Calif., May 5, 2011 /PRNewswire/ -- Balqon Corporation (OTCBB: BLQN), a developer of electric drive system technology for commercial electric vehicles, today announced its new Nautilus XR E20 vehicle at the 2011 Alternative Clean Transportation (ACT) Expo, the largest gathering of alternative fuel and clean vehicle stakeholders in the United States. Manufactured at Balqon's headquarters in Harbor City, the Nautilus XR E20 is a longer-range version of the Nautilus XE 20 and, based on initial testing, features a 75 percent increase in range over the previous product, allowing customers to perform two shift operations for a total of 16 hours (or up to 150 miles) before having to recharge.

With fuel prices at already more than $4 per gallon and continuing to increase, initial testing has shown that the Nautilus XR E20 provides up to 74 percent lower operating costs than conventional diesel products, making it an economic, cost-effective option in the short haul off-highway vehicle marketplace. The XR E20 has been developed using Balqon's proprietary electric drive system which encompasses complete power management, propulsion, and power conversation systems including drive trains and energy systems (the batteries and charging system).

"Balqon is committed to leading the way for the transportation industry's shift from diesel to zero-emissions vehicles," said Mr. Balwinder Samra, President and CEO of Balqon Corporation. "Levering our proprietary electric drive systems, the Nautilus XR E20 provides our customers with the distance and power they need."

The Nautilus XR E20 also features an increased charge rate, allowing customers to charge during breaks and shift changes. The vehicle fully recharges in less than two and a half hours. The Nautilus XR E20 is commercially available immediately and Balqon has already started shipment of the product to several customers.

For more information about the Balqon and its Nautilus XR E20, please visit Balqon's booth (#536) at the ACT Expo show floor during show hours.

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. For more information, please visit www.balqon.com. 

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 products, including Balqon's Nautilus XR E20; whether the Nautilus XR E20 will provide its users with lower operating costs than the operating costs incurred by users of conventional diesel products; whether the transportation industry will in fact shift from diesel to zero-emissions vehicles; and whether Balqon's products will provide its customers with the distance and power they need. 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, unforeseen technical issues; 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; 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.

Media Contact:
Meg Vercillo
Edelman for Balqon Corporation
310-801-3474
[email protected]  

SOURCE Balqon Corporation

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