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Balqon Corporation and Polar Power Inc. to develop DC charging generators for high voltage lithium battery powered trucks and buses


balqon

HARBOR CITY, CA--Sept. 16, 2013: Balqon Corporation (OTCBB: BLQN), a developer of electric drive system technology for commercial vehicles, today announced that it has entered into a Joint Development Agreement with Polar Power Inc. to develop series plug in hybrid system for its line of heavy duty electric trucks and buses. Under this Agreement both companies will work towards development of a 40 kw on-board DC hybrid generator to charge batteries during daily drive cycle to increasing the range of the vehicles.

"Integration of on-board generator in our 2014 model year vehicles allows us to address increased range applications for heavy duty trucks and buses used at ports, airports and distribution warehouses, while still providing our customer with lower operating cost and emissions of an electric drive train" said Balwinder Samra, CEO and President of Balqon Corporation. "We believe Polar Power's decades of experience in developing and integrating DC powered generator systems provides us the opportunity to jointly address the growing need for lower emission heavy duty vehicles in global markets," he added.

"Our experience in DC generators and hybrid industrial/commercial and military vehicles combined with Balqon's experience in heavy duty electric drive system provides both companies an opportunity to expand our markets in stationary, marine and mobile power applications," said Arthur D. Sams, CEO of Polar Power Inc.

Balqon zero emission heavy duty trucks and drive systems are designed to transport up to 30 ton cargo containers using our proprietary technologies. Our products include Model XRE20 yard tractor designed for port drayage applications powered by lithium batteries.