Balqon Corporation CEO, Balwinder Samra, Appears on Fox Business Network's "CSuite Sitdown".HARBOR CITY, Calif. -- Balqon Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BLQN), an emerging developer and manufacturer of zero emissions heavy-duty electric vehicles for Class 7 and Class 8 applications, today announced that the Company's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Balwinder Samra, appeared on the Fox Business Network's program "CSuite Sitdown" in a feature interview covering Balqon's all electric, zero emission trucks and tractors. In the interview, Mr. Samra commented that the Company focuses on markets where higher concentrations of heavy duty trucks cause acute pollution in a concentrated area, such as ports and inner cities. Mr. Samra discussed marketing and strategic initiatives of the Company and the future potential for various heavy duty electric vehicle applications. Watch the full video of Mr. Samra's interview with Jenna Lee Jenna Lee is an anchor on the Fox Business Network. She is a graduate of the University of California with a Bachelor of Arts in English and Global & International Studies. She also holds a Master of Science degree in Journalism from Columbia University. on Fox Business Network website or link directly to: http://www.foxbusiness.com/search-results/m/25868507/new-heavy-duty-electric-vehicles.htm#q=balqon. 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 Vector control is any method to limit or eradicate the vectors of vector born diseases, for which the pathogen (e.g. virusor parasite) is transmitted by a vector which can be mammals, birds or arthropods, especially insects, and more specifically mosquitoes. 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 OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the symbol "BLQN". Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 With the exception of historical information, the matters discussed in this press release and in the interview with Fox Business Network, including Balqon Corporation's marketing and strategic initiatives, 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 attract sufficient capital; 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2008 filed with the Securities and Exchange Commission on May 22, 2009 and its Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended June 30, 2009 as filed with the Securities and Exchange Commission on August 14, 2009. |
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