Balqon Releases Lithium-ion Powered Yard Tractor
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 lithium-ion battery powered Yard Tractor truck designed for use in warehousing, logistics, and port applications.
Balqon's new product, the Nautilus XE20, is designed, integrated, and built in cooperation with Autocar(R) Truck and their Xspotter(R) yard tractor team. The Autocar(R) Xspotter design is the culmination of years of Autocar's extensive experience in numerous severe duty vocational truck applications to develop a more technologically advanced and modern yard tractor, with numerous safety, visibility, and durability advantages yet to be seen in this application. "Autocar's(R) advanced yard tractor design, combined with Balqon's latest lithium-ion battery power technology, makes the Nautilus XE20 the flagship of our product line," said Mr. Balwinder Samra, Balqon Corporation's President and Chief Executive Officer. "We believe true ergonomics begins with a clean environment and low noise in the cab for the operator that spends forty plus hours a week operating these vehicles," added Mr. Samra.
"Supported by Autocar(R) and our service and parts locations coast to coast in US and Canada, we believe makes Nautilus XE20 a truly commercially viable zero emission alternative to traditional diesel powered yard tractors currently in use in warehouse distribution centers, marine terminals, intermodal facilities, industrial plants and railyards," said Autocar's(R) Eric Schwartz, Vice President Specialty Vehicle Business of Autocar(R) LLC.
The Nautilus XE20 is designed for off-highway container or semi-trailer "spotting" applications, and is equipped standard with Balqon's proprietary traction drive and battery management system. The Nautilus XE20 is designed to travel at speeds of up to 25 miles per hour and is capable of towing loads of up to 40 tons. Field demonstrations conducted at both a large beverage distribution warehouse and an industrial manufacturing facility showed lower energy consumption over competitive diesel powered vehicles operated in similar environments. See vehicle in action at http://www.youtube.com/user/TheBalqon.
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 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(R) 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(R) LLC is available at www.autocartruck.com.
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