Balqon Corporation Expands Distribution of Its Heavy-Duty Electric Vehicles into Colombia

HARBOR CITY, Calif.--Balqon Corporation (OTCBB: BLQN), a developer and manufacturer of zero emissions heavy-duty electric vehicles for Class 7 and Class 8 applications, today announced that it has entered into a Dealer Agreement with Industrias IVOR, a leading distributor of heavy equipment and material handling equipment, including heavy-duty trucks, in Colombia. Under the terms of the agreement, Industrias IVOR has agreed to distribute Balqon’s heavy-duty electric vehicles and provide service and parts for Balqon’s products in Colombia.

“Industrias IVOR’s presence in ports and inner city delivery vehicle markets provides both Industrias IVOR and Balqon opportunities to jointly develop the market for electric vehicles in Colombia”

Balwinder Samra, President and CEO of Balqon Corporation, stated, “Industrias IVOR has over 100 years of experience in the heavy-duty truck market in Colombia. Our agreement with Industrias IVOR provides us with a long term partner that we believe will facilitate the development of a market for our heavy-duty electric vehicles in Colombia. The addition of Industrias IVOR to our dealer network evidences progress towards our goal of developing an infrastructure that will provide our customers with the ability to service our products globally.�?? “Industrias IVOR’s presence in ports and inner city delivery vehicle markets provides both Industrias IVOR and Balqon opportunities to jointly develop the market for electric vehicles in Colombia,�?? added Mr. Samra.

“We are excited to partner with Balqon Corporation and, together, to introduce new products and new zero emissions technologies to our existing customer base at ports, distribution warehouses and inner city distribution companies,�?? commented Gareth Hughes, President of Industrias IVOR.

About Industrias IVOR

Industrias IVOR is a distributor of trucks, firefighting trucks and equipment, refuse trucks, and heavy machinery for material handling products in Colombia. Its customers include local ports, distribution warehouses, airports, beverage industry, and state and local governments. Industrias IVOR was founded in 1887, has sales and services locations in the major markets in Colombia, and has over 100 years of experience in the Colombian market.

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 built on Autocar LLC chassis is 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 trades on the OTC Bulletin Board under the symbol “BLQN�??.

About Autocar, LLC

Autocar, LLC, headquartered in Hagerstown, Indiana, is an engineering, assembly, sales, and service company, with a focus on severe service heavy duty trucks. Autocar® engineers and assembles highly customized vehicles for applications including waste collection and hauling, yard tractor spotting, drayage hauling, mobile cranes, construction, and aircraft services. Additional information on Autocar® LLC is available at www.autocartruck.com.

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 heavy-duty electric vehicles; the commercial viability of Balqon Corporation’s heavy-duty electric vehicles; the ability of Industrias IVOR to market, distribute and service Balqon Corporation’s products; the ability of Balqon Corporation to develop a market presence in Colombia, including the ability of Balqon Corporation and Industrias IVOR to introduce new products and zero emissions technologies to Industrias IVOR’s existing customers; the ability of Balqon Corporation to develop a global presence for its product offerings; and the ability of Balqon Corporation to develop an infrastructure that will provide its customers with the ability to service its products globally 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; Industrias IVOR’s ability to secure purchase orders for Balqon Corporation’s products, Balqon Corporation’s ability to fulfill any such purchase orders, 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 Reports 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.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6230186&lang=en