HARBOR CITY, California. Jan 29, 2013—Balqon Corporation (OTCBB: BLQN), a developer of electric vehicles, drive systems and lithium battery storage devices, announced delivery and installation of HIQAP™ high energy storage 1000 ahr, 48 volt battery system into Island Pilot Yacht, America’s First Hybrid Yacht, powered by DSE Hybrid solar electric drive. Battery System delivered included lithium batteries, Balqon proprietary Battery Management System, Charger and CAN Bus control systems to safely manage charge and discharge of batteries during daily operation.
“We have been seeking high energy density battery solution that was economical and provided longer run time with higher transfer efficiency” said Rueben Trane Executive Director of Island Pilot. “Powering our Hybrid Yacht with Balqon HIQAP™ battery system that includes battery management and charger addressed our need for an economical, plug-n-play lithium battery solution.”
Balqon HIQAP™ battery system is designed to be a direct replacement of lead acid batteries in the transportation and energy storage applications. HIQAP™ 1000 ahr lithium battery system includes integrated Balqon proprietary battery management and control system with CAN Bus controlled Charger. System also includes relay control for Solar Charge Controller and power Inverter controls to safely charge and discharge lithium battery pack.
“Our proprietary 1000 ahr capacity single cell battery design enables our customers to upgrade from lead acid batteries to higher transfer efficiency lithium solutions with minimum effort” said Balwinder Samra, CEO of Balqon Corporation. “By using our fully integrated battery system, our customers save integration time and development costs”, he added.
DSE Hybrid yacht equipped with lithium battery system will be on display at Boat show called Trawlerfest held at Bahia Mar Marina in Fort Lauderdale, Florida from Jan 31st to February 2nd, www.trawlerfest.com.
About DSE Hybrid
DSE Hybrid is manufacturer and integrator of solar power electric drive systems in marine applications. Located in Key Largo, Florida, DSE Hybrid operates Island Pilot, 12 meter hybrid yacht for green cruising tours. DSE Hybrid (http://www.dsehybrid.com/) is America’s first solar powered 12m yacht that provides daily eco tours in south Florida.
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’s proprietary electric drive system encompasses complete power management, propulsion, flux vector motor controllers and energy systems. 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 @balqon or http://twitter.com/#!/balqon or visit our Facebook page at: http://www.facebook.com/balqoncorporation.
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 provide its users with longer run time, 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 nine month ended September 30, 2012 filed with the Securities and Exchange Commission.