SOURCE: Balqon Corporation

Balqon Corporation

September 01, 2010 07:00 ET

Superbike Featuring Balqon's Electric Drive System Wins TTXGP eGrand Prix

Lightning Motorcycle, Equipped With Balqon Corporation's Drive Technology, Dominates the World's First Zero Carbon, Clean Emissions Grand Prix

HARBOR CITY, CA--(Marketwire - September 1, 2010) - Balqon Corporation (OTCBB: BLQN), a developer and manufacturer of zero emissions, heavy-duty electric vehicles and drive systems, announced that Lightning Motorcycle's Balqon-equipped superbike won the 2010 TTXGP North America electric motorcycle racing championship held at the VIRginia International Raceway in Southern Virginia.

Thanks in part to the unique performance capabilities of Balqon's electric power technology, Lightning Motorcycle team rider Michael Barnes dominated the TTXGP North American circuit, taking wins in three out of five races this season. One of Barnes' wins came in the final race of the season, during which he accelerated to speeds of up to 134 miles per hour on the straights.

The result of years of development by Lightning Motorcycle's founder Richard Hatfield and a crew of collaborators, the winning superbike was powered by a lithium-ion battery pack, a high-power AC motor and a Balqon electric drive system that featured Balqon's flux vector motor controller.

Balqon's flux vector motor controller regulates the flow of power between the lithium-ion battery and the AC motor during acceleration and regenerative deceleration. Balqon's proprietary software used in its flux vector controller emulates a gas engine's response and compression, making it easier for a rider to adapt to the unique performance characteristic of a high-power AC motor.

The TTXGP circuit has provided a unique testing ground for Balqon, which is more widely known for developing zero-emissions heavy-duty electric vehicles.

"This win at the world's first zero-carbon, clean-emissions superbike grand prix represents one of the most powerful demonstrations of the unique capability of our drive technology, as well as its potential broader applications," said Balwinder Samra, President and CEO of Balqon Corporation. "This racing experience has helped us further test and validate the design, reliability and performance of our drive systems under extreme duty cycles, while also promoting our newest technologies."

About the Lightning Electric Motorcycle Company
Lightning Motorcycles is the brainchild of Richard Hatfield and a small group of dedicated associates in the Silicon Valley of Northern California. Alongside its Lightning Electric Super Bike, the company has prototypes of a smaller, less powerful motorcycle, a motor scooter, an ATV/UTV and other sport and utility vehicles in its pre-production development program. To request more information about the company, visit www.lightningmotorcycle.com.

About TTXGP
TTXGP is the world's first zero carbon, clean emissions grand prix providing a high profile platform for the development of electric motorcycles, enabling the futuristic technology behind them to be tested in an exciting and challenging way. The company aims to drive low carbon technological innovation forward to demonstrate that clean emissions transport technologies have matured and can be fun, fast and exciting. TTXGP is developing a global program of low-carbon motorsport events working with the ACU, FMI and UEM sanctioning bodies to provide a platform for competition to drive technology and innovation into the next generation of motorsports.

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 built on Autocar LLC chassis 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, Balqon Corporation's ability to sell products; the commercial viability of Balqon Corporation's products; and the continued use of Balqon's products in motorcycles including Lightning Motorcycles 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; 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 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

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