Balqon Corporation Recognized for Pollution-Reducing Commercial Vehicle Technology
HARBOR CITY, Calif., July 5, 2011 /PRNewswire/ — Balqon Corporation (OTCBB: BLQN), developer of the all-electric drive system for commercial electric vehicles, was featured in a Coalition for Clean Air (CCA) report, “Shipping Clean, Growing Green: How companies are earning more by polluting less at California ports.” The report highlights case studies illustrating the economic benefits of reducing greenhouse gases (GHGs) at ports and in the freight transportation sector. A copy of the report can be found at http://coalitionforcleanair.org/pdf/CCA_ShippingCleanGrowingGreen.pdf.
“We are happy to be recognized by the Coalition for Clean Air, as we believe our heavy-duty electric trucks will help to reduce greenhouse gas emissions at the Port of Los Angeles,” said Mr. Balwinder Samra, President and CEO of Balqon Corporation. “Our work with the Port of Los Angeles shows how our electric drive systems can be adapted to different working environments with the goal of making a positive impact on greenhouse gas emissions.”
Balqon, which was founded in 2005 and is based in Harbor City, California, has been recognized as a pioneer in the electric vehicle industry in California and the U.S., and has emerged as a global industry leader. In particular, Balqon has been highlighted for its work with the Port of Los Angeles and the South Coast Air Quality Management District (SCAQMD) for developing the first ever 30 ton capacity all electric zero-emissions vehicle to help address pollution and clean up the air around the Port.
“Freight transportation accounts for nearly 10 percent of U.S. GHG emissions,” said co-author Luis Cabrales who recently presented the report’s findings at a White House roundtable in honor of National Transportation Week. “Companies ahead of the curve in reducing pollution are poised to benefit as the country grapples with the climate crisis.”
The Coalition for Clean Air is a nonprofit advocacy organization committed to restoring clean, healthy air to all of California. It has offices in Los Angeles, Fresno and Sacramento, California. Cabrales is CCA’s deputy director of campaigns. More info at www.coalitionforcleanair.org.
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’s electric vehicles and drive systems are marketed globally to companies, governments and municipalities looking for viable and effective ways to reduce vehicle maintenance and operating costs and lower carbon emissions. Balqon is recognized as a pioneer in commercial electric vehicle technology and the 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; whether Balqon’s products will generally lead to reduced pollution, whether Balqon’s heavy-duty electric trucks will reduce greenhouse gas emissions at the Port of Los Angeles; whether Balqon’s electric drive systems can be successfully adapted for use in working environments in which they have not already been used in; and whether Balqon’s products are a viable and effective way to reduce vehicle maintenance and operating costs and lower carbon emissions 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 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 Report on Form 10-Q filed with the Securities and Exchange Commission.
Edelman for Balqon Corporation
SOURCE Balqon Corporation