Balqon Corporation Introduces HIQAP-GS™ Lithium Battery For Airport Ground Support Equipment
HARBOR CITY, California. Sep 24, 2012—Balqon Corporation (OTC: BLQN), a developer of electric vehicles, drive systems and lithium battery storage devices, introduces low cost, high capacity lithium battery replacement pack for electric powered airport baggage tractors. The new HIQAP-GS™ series lithium battery pack is available in 48 Volt and 80 Volt configurations with amp hour (Ah) capacity ranging from 400 Ah to 1,000 Ah, doubling the range of current fleets in operation. HIQAP-GS™ pack design includes Balqon proprietary Battery Management System (BMS), 5 kW built-in charger and control technology for direct replacement of lead acid battery packs.
“We believe longer range, ability to fast charge vehicles and longer life of the HIQAP-GS™ will help airlines in adopting zero emission technologies to reduce operating and maintenance costs” said Mr. Balwinder Samra, CEO of Balqon Corporation. “Ability to fast charge HIQAP-GS™ batteries in less than one hour will allow customers to use existing electric tractors for two shift operations”. “Features such as zero maintenance, and double the life than a lead acid battery, can be the catalyst that accelerates transition of airports towards zero emission technologies”, he added.
HIQAP-GS™ battery will be on display at International Airport Exposition, held in Las Vegas, Nevada from September 25th to 27th, http://www.internationalairportexpo.com at Averest Incorporated Booth (#1537). Averest Incorporated is a leading supplier of electric power solutions for aviation ground support equipment, which includes battery packs, fast chargers and ground support equipment.
About Balqon Corporation
Headquartered in Harbor City, California, Balqon Corporation is a leading developer of zero-emissions electric drive systems, lithium battery storage systems and medium to heavy-duty electric vehicles. 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 http://balqon.com/store.php. Balqon Corporation’s common stock trades on the OTC Bulletin Board under the symbol “BLQN”. Follow us on Twitter @hiqapbattery or http://twitter.com/hiqapbattery or visit our Facebook page at: http://www.facebook.com/hiqap.
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, whether the HIQAP™ will be lower in cost than lead acid batteries; whether the HIQAP™ will provide its users with lower operating costs than the operating costs incurred by users of deep cycle lead acid batteries 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, market acceptance of the Balqon’s technologies and solutions; 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, including the 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 Report for the six month ended June 30, 2012 filed with the Securities and Exchange Commission.