Balqon Corporation CEO Balwinder Samra Discusses Electric Vehicle 'Tipping Point' with Bloomberg Television's Pimm Fox on 'Taking Stock'

Mar 07, 2011, 07:51 ET from Balqon Corporation

HARBOR CITY, Calif., March 7, 2011 /PRNewswire/ -- Balqon Corporation (OTC Bulletin Board: BLQN), a developer and manufacturer of zero-emissions heavy-duty electric vehicles, lithium battery energy storage products and electric drive systems, was featured on Bloomberg Television on March 1, 2011, when Balqon's CEO, Balwinder Samra, sat down with "Taking Stock" host Pimm Fox. Balqon was featured as an American manufacturer, "cracking open the market" by capitalizing on the growth and demand in China through Balqon's $15.9 million deal purchase order from China based Winston Global Energy, announced in January 2011, for 300 of Balqon's electric drive systems for buses to be used in inner city applications in China.

The full Bloomberg Television's "Taking Stock" interview may be viewed from Balqon's web site:

About Balqon Corporation

Balqon Corporation (OTCBB:BLQN) is a leading developer and manufacturer of zero emission heavy-duty electric trucks, lithium battery packs and electric vehicle drive systems. Balqon vehicle products include yard tractors used at warehouses and ports and on-road zero emission products addressing short haul drayage and inner city cargo trucks with capacity up to 30 tons of cargo load. The Company also manufactures complete electric drive systems for electric buses and other medium duty trucks and tractors.

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; the commercial viability of Winston Battery Limited's products; the ability of Winston Global Energy to integrate Balqon's electric drive systems into a fleet of buses and market the buses to local private and government fleet operators in China; and whether, and the extent to which, Balqon can capitalize on the growth and demand in China 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, unforeseen technical issues; Balqon Corporation's ability to attract sufficient capital and labor to manufacture its products; the ongoing relationship between Balqon Corporation and Winston Battery Limited; the ability of Balqon Corporation to attract and retain talented individuals; adverse economic and market conditions; 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 and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission.


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