Balqon Corporation Introduces HIQAP™ Lithium ion Batteries for Solar Energy Storage Applications

Balqon       Corporation (OTCBB:BLQN),  a developer of electric vehicles, drive systems and lithium battery storage devices, introduces low cost high capacity lithium ion batteries as an alternative to the current industrial deep cycle lead acid batteries.
Balqon       Corporation (OTCBB:BLQN),       a developer of electric vehicles, drive systems and lithium battery       storage devices, introduces low cost high capacity lithium batteries as       an alternative to the current industrial deep cycle lead acid batteries.       The new HIQAP? batteries are available in 12, 24 and 48 Volt       configurations with an amp hour capacity ranging between 700 Ah to 1000       Ah. HIQAP? battery packs include Balqon proprietary Battery Management       System (BMS) and related power electronics components for direct       replacement of current lead acid battery packs. HIQAP? lithium battery       packs are designed to support large daily loads requiring deep depth of       discharge and high energy transfer efficiency for solar, micro-grids,       off-grid storage and telecom applications.

“The significant growth of solar installations in the United States       combined with an increase in lead acid battery pricing makes HIQAP?       batteries cost competitive for large energy storage applications,” said       Mr. Balwinder Samra, CEO of Balqon Corporation. “With estimated life of       over 10 years and high energy transfer efficiency of lithium batteries,       users can now capture 15% more energy from the solar panels. Growing       worldwide concern over lead contamination resulting from lead acid       batteries can hamper sustainable growth of the solar industry. HIQAP?       low cost, high efficiency, long life and zero maintenance can help long       term growth of the industry,” he added.

HIQAP? batteries include large format 1000 Ah and 700 Ah, 3.25 VDC       folded prismatic cells connected in a series, available in 12V, 24V and       48V configurations. Life cycles of HIQAP? batteries vary from 2500       cycles to 5000 cycles based on depth of discharge. Low internal       resistance allows for over 95% efficiency during energy transfer       compared to 80% efficiency of equivalent deep cycle lead acid batteries.

Headquartered in Harbor City, California, Balqon Corporation is a       leading developer of zero-emissions electric drive systems, lithium       battery storage systems and medium to heavy-duty electric vehicles.       Balqon electric vehicles and drive systems are marketed globally to       companies, governments and municipalities looking for viable and       effective ways to reduce their vehicle maintenance and operating costs       and lower carbon emissions. Balqon is recognized as a pioneer in       commercial electric vehicle technology and development of energy       efficient transportation solutions. For more information, please visit http://www.balqon.com/store.php.       Balqon Corporation’s common stock trades on the OTC Bulletin Board under       the symbol “BLQN.”       Follow us on Twitter @hiqapbattery       or http://twitter.com/hiqapbattery       or visit our Facebook       page at: http://www.facebook.com/hiqap.