HARBOR CITY, Calif.--(BUSINESS WIRE)--Balqon Corporation (OTCBB: BLQN), a developer of electric drive system technologies for trucks, tractors and buses, announced the release of a new on-road Class 8 electric tractor, Model MX30, for short haul drayage and inner city applications. Balqon is showcasing its MX30 tractor at the EVS26 Expo, the largest electric vehicle show in the world.
“The EVS26 event, where new technologies promoting electric transportation are on display, offers what we believe to be an excellent opportunity to exhibit our industry-leading lithium battery powered 30 ton capacity Class 8 tractor to an international audience,” said Balwinder Samra, Chief Executive Officer of Balqon Corporation. “High fuel costs favor higher-efficiency electric vehicle solutions in high idling short-haul applications at locations such as ports, airports and urban centers where both smog and congestion contribute to health risks to local communities. The MX30, a heavy-duty electric tractor, is ideal for short-haul container drayage applications at these locations. For example, we believe that the MX30 is an ideal solution for use at ports where air pollution is severe and distances travelled between marine terminals and local rail yards are less than five miles per trip,” he added.
The MX30 to be displayed at the EVS26 Expo is equipped with Balqon’s proprietary drive system that is connected to a six speed automatic transmission assembled on a Freightliner truck chassis. Equipped with standard 600 Volt lithium batteries, the MX30 has the energy to travel up to 150 miles under unloaded conditions on a single charge. The MX30 also features fast charging, which allows the vehicle to be charged in less than three hours, thereby increasing the daily range of the vehicle when properly charged.
The MX30 can travel at speeds up to 70 mph, tow loads of over 30 tons. MX30 incorporates Balqon drive system with the latest idle-shut off technologies that increase energy conservation during vehicle idling. The new vehicle incorporates Balqon’s proprietary battery management system and charging systems.
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 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 www.balqon.com. 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, the commercial viability of Balqon Corporation’s MX30; whether the MX30 will provide its users with lower operating costs than the operating costs incurred by users of conventional diesel products; whether the MX30 is better suited for short haul applications than other heavy-duty tractors with similar functionality and whether the MX30 will provide its customers with the distance and power they need, 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 MX30; 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 MX30; 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 filed with the Securities and Exchange Commission.
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