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Balqon Corporation (OTCBB: BLQN) Cleaning Up Container Handling Industry At U.S. Ports

Balqon Corporation (OTCBB: BLQN) Cleaning Up Container Handling Industry At U.S. Ports

/ With over 10,000 visits to United States Ports from container ships transporting 29.5 million containers (TEUs) in 2011, the delivery of these containers is powered by diesel fuel trucks every step of the way. Diesel burning container ships to heavy duty trucks are the main causes of air pollution near all major U.S. ports, threatening public health for people living near these major goods transportations corridors. Over the past decade container shipments have increased by over 80% with very little action taken to reduce air pollution.

The majority of the efforts so far to reduce air pollution at U.S. container ports today has been to through use of newer diesel engines in trucks or use of low sulfur diesel fuel. However, with U.S. container movement expected to double by 2020 the problem is not expected to be contained any time soon. With no significant infrastructure expansion planned during this decade at U.S. major ports, this growth will result in further congestion of trucks resulting increased pollution negating progress made by less polluting diesel engine technologies. With California Air Resource Board estimate that port pollution alone is responsible for 640 premature deaths every year in the state and over $1.0 billion in health costs just in Los Angeles area, stringent air quality standards has slowed down much needed infrastructure needed for future expansion of the ports.

Since 2008, one company Balqon Corporation (BLQN) has taken the approach of bypassing the incremental approach of reducing pollution through advancements in pollution technologies and has worked closely with Port of Los Angeles to demonstrate a zero emission electric vehicle solution. In 2008, the company produced world's first battery powered zero emission heavy duty Yard Tractor under contract from Port of Los Angeles and local Air Quality Management District (AQMD). Since then company has deployed longer range lithium battery powered tractors at Port of Los Angeles and recently received $630,000 additional contract to upgrade previously delivered tractors with longer range lithium battery systems. Currently over 2,000 heavy duty tractors operate at Port of Los Angeles consuming over 50,000 gallons of diesel fuel daily contributing to the pollution in the region.

After proving its technologies in off-highway applications, such as Yard Tractor, Balqon Corporation started developing technologies to address an even larger market segment of container transportation equipment called short-haul drayage trucks. These trucks, unlike a traditional over the road Class 8 trucks transport containers from local marine terminals to rail yards, which are on an average 5 miles distance away. It is estimated that over 11,000 trucks operate in San Pedro basin area transporting containers from marine terminals to local rail yards.

Perhaps the biggest piece of recent news is the release of their MX30 Class 8 Electric Tractor. On May 4, BLQN introduced its new and revolutionary product at the annual EVS 26 in Los Angeles, California - the largest electric vehicle show worldwide. With its 600 Volt lithium batteries, top speed of 70 mph, towing capacity of more than 30 tons and a proprietary drive and lithium battery system connected to a 6-speed automatic transmission, the MX30 is expected to be a game changer for short haul drayage around airports and marine terminals. The electric tractor can charge in less than three hours, travel up to 150 miles under unloaded conditions on a single charge and is equipped with the latest idle-shut off technologies to maximize energy conservation.

"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," says Balwinder Samra, CEO of Balqon. "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 traveled between marine terminals and local rail yards are less than five miles per trip."

Balqon is a Growth Company in an industry that should have you taking notice.

Seraphim Strategies
Lou Levenstein

Always read full disclaimer in regards to this article

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, whether Balqon will successfully achieve a larger customer base; whether balqon will provide its users with lower operating costs than the operating costs incurred by users of conventional diesel products, and whether Balqon's products 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 Balqon's technologies and solutions; 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 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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