SOURCE: Balqon Corporation

Balqon Corporation

November 01, 2010 07:00 ET

Balqon Corporation to Provide Zero Emissions Tractors to Ford Motor Company

HARBOR CITY, CA--(Marketwire - November 1, 2010) -  Balqon Corporation (OTCBB: BLQN), a developer and manufacturer of zero emissions, heavy-duty electric vehicles and drive systems, and T&K Logistics, Inc., a leading provider of logistics services, have collaborated to provide a zero emissions transportation solution for Ford Motor Company at its Michigan Assembly Plant in Wayne, Michigan.

Under this arrangement, 10 Balqon Model XE20 30 ton capacity electric yard tractors will be leased to T&K Logistics, Inc., the provider of logistics services to Ford Motor Company and manager of on-site transportation of trailers and containers at the Wayne Facility.

"Ford Motor Company is a leader in the introduction and implementation of clean technologies throughout their manufacturing process and our vehicles can provide additional reductions in the carbon footprint of the manufacturing plant," said Balwinder Samra president and CEO of Balqon Corporation. "Our vehicles are designed to be charged by solar panels mounted on the rooftop of this industrial plant, making this the first large-scale, clean energy, zero emissions technology demonstration for heavy duty trucks."

"We are proud to provide the first application of zero emissions electric vehicles in the automotive assembly environment," said Kelley Stewart, president of T&K Logistics.

About T&K Logistics, Inc.
Based in Northeast Ohio, T&K Logistics, Inc. specializes in switching, shuttle and yard management services. The company provides services from consulting and management to fully-manned and maintained equipment and software, using patented yard management systems and methods to drive efficiencies essential to successful time-critical movement of freight. T&K Logistics, Inc. is woman-owned (NWBOC 5948).

About Balqon Corporation
Headquartered in Harbor City, California, Balqon Corporation (OTCBB: BLQN) is a leading developer of heavy-duty electric trucks, tractors and electric drive systems. The company uses its proprietary flux vector control technology to design propulsion systems for 10 to 50 ton capacity vehicles and material handling equipment. Balqon Corporation's product line of tow tractors equipped with Lithium batteries are designed to transport containers at ports, marine terminals, rail yards, warehouses, intermodal facilities, military bases and mail facilities. For more information about Balqon Corporation, 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, Balqon Corporation's ability to provide 10 vehicles to T&K Logistics, Inc., and whether the use of Balqon Corporation's vehicles at the manufacturing plant in Michigan will result in reductions in the carbon footprint of the manufacturing plant in Michigan 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 to manufacture its products; 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.

Contact Information

  • Company Contact:
    Balwinder Samra
    Chairman, President & CEO
    Balqon Corporation
    Tel 310-326-3056
    Email Contact

    Investor Relations:
    Scott Liolios or Cody Slach
    Liolios Group, Inc.
    Tel 949-574-3860
    Email Contact