Balqon Corporation Announces Development of an Intuitive Battery Management System for Large Format Lithium-Ion Batteries

HARBOR CITY, Calif.--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 its new Battery Management System (“BMS”) designed to optimize battery cycle life of large format lithium-ion batteries used in its product line of heavy-duty electric trucks and tractors. Each BMS board is equipped with multiple temperature sensors and a flash microcontroller together with Balqon’s proprietary software that works with any electric vehicle’s battery cell chemistry.

“The development of our Battery Management System is a continuation of our strategy to develop customized and configurable core technologies that provide application specific solutions for our customers that are energy efficient and reliable”

“Our Battery Management System incorporates a Society of Automation Engineers (SAE) J1939 controller area network (CAN Bus) capable network which allows seamless communication between the different components of our electric vehicles, such as our automatic transmission, charger and proprietary flux vector inverters. This development increases our ability to utilize data from the key components of our electric vehicles more intuitively during charge and discharge cycles, and thereby increase the energy efficiency of our vehicles,” said Balwinder Samra, President and Chief Executive Officer of Balqon Corporation. “The development of our Battery Management System is a continuation of our strategy to develop customized and configurable core technologies that provide application specific solutions for our customers that are energy efficient and reliable,” added Mr. Samra.

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, visit www.balqon.com. Balqon Corporation’s common stock is trades on the OTC Bulletin Board under the symbol “BLQN”.

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, Balqon Corporation’s ability to sell electric vehicles, the commercial viability of vehicles equipped with lithium-ion batteries featuring Balqon Corporation’s Battery Management System, and Balqon’s ability to realize its strategy of developing customized and configurable electric vehicles 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 secure purchase orders for its products, Balqon Corporation’s ability to attract sufficient capital 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 Amendment No. 1 to its Annual Report on Form 10-K for the year ended December 31, 2008 filed with the Securities and Exchange Commission on May 22, 2009 and Balqon Corporation’s Quarterly Report on Form 10-Q for the periods ended June 30, 2009 and September 30, 2009 filed with the Securities and Exchange Commission on August 14, 2009 and November 16, 2009, respectively.