Balqon Corporation Releases Lithium-Ion Battery Powered Drayage Truck for Extended Range Applications

HARBOR CITY, Calif.–(Business Wire)–
Balqon Corporation (OTCBB:BLQN), an emerging developer and manufacturer of zero
emissions heavy-duty electric vehicles for Class 7 and Class 8 applications,
today announced the release of lithium-ion batteries as an alternative to lead
acid traction batteries for its entire product line of Class 8 yard tractors and
drayage vehicles.

In May 2009, Balqon received a $400,000 grant from the Port of Los Angeles to
install lithium-ion powered battery packs in its yard tractor and drayage truck
products. In June 2009, Balqon completed assembly of a Nautilus E30 retrofitted
with lithium ion battery packs. Initial testing of this Nautilus E30
demonstrated a range of over 150 miles on a single charge under unloaded
conditions at 80% depth of discharge. The new lithium-ion battery packs include
the Company`s battery management system which allows batteries to be fast
charged and self equalize during idle operation.

“A public/private partnership among the Port of Los Angeles, the South Coast Air
Quality Management District and Balqon that began in May 2007 to demonstrate 25
mph, 30 mile range zero emissions vehicles with a 30 ton capacity has now
reached mainstream cargo transportation applications in a short two year time
period,” said Mr. Balwinder Samra, President and CEO of Balqon Corporation. “The
speed of innovation in battery, charger and propulsion technology has
accelerated with increased demand for electric vehicles during the past year,”
he added.

Balqon recently signed an agreement with Autocar, LLC to collaborate on the
development, marketing and sale of on-road Class 7 and Class 8 zero emissions
electric trucks to be used in short haul drayage and trash hauling applications.
Examples of the vehicles that may be developed in collaboration with Autocar
include refuse haulers, refueling trucks and construction vehicles for use in
short haul drayage applications at ports and cargo transportation in inner city

About Balqon Corporation

Balqon Corporation 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 current product
line of tow tractors are designed to transport containers at ports, marine
terminals, rail yards, warehouses, intermodal facilities, military bases and
mail facilities. For information about Balqon Corporation and its product
offerings, Balqon Corporation`s common stock is eligible
for trading on the OTC Bulletin Board under the symbol “BLQN.”