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Balqon Engages Liolios Group to Lead New Investor Relations Program

^{Published on 2010-05-27 08:20:18 - Market Wire}
 

HARBOR CITY, CA--(Marketwire - May 27, 2010) - Balqon Corporation (OTCBB: [ BLQN ]), a developer and manufacturer of zero emission heavy-duty electric vehicles for Class 7 and Class 8 applications, has engaged Liolios Group, Inc. to lead the company's new investor relations and financial communications program.

"We have arrived at a pivotal stage in our development that has made it important for a team of experienced professionals like Liolios Group to help us deliver our message more effectively to our shareholders and raise awareness about us in the investment community," said Balwinder Samra, chairman, president and CEO of Balqon Corporation. "We believe that Liolios Group has a proven record of assisting emerging growth companies in building quality, long-term relationships with investors, analysts, money managers and institutions," added Mr. Samra.

Liolios Group will collaborate with the management of Balqon Corporation to refine the company's message and outline a new communications strategy, including identifying key performance indicators which investors should focus upon as they track the company's progress. Liolios Group will also schedule a number of conference calls, road shows, and financial conferences over the next several months, targeting investors and key influencers such as analysts, fund managers, investment advisors, and members of the financial press.

For additional information, please contact Liolios Group at 949-574-3860 or email [ Balqon@Liolios.com ].

About Liolios Group
Liolios Group, Inc. is a highly selective and comprehensive investor relations firm specializing in small and micro-cap companies. Liolios Group aims to deliver superior performance in corporate messaging and positioning, investor awareness, analyst and financial press coverage, and capital attraction. Founded in 1996 in Newport Beach, California, Liolios Group partners each have more than 15 years experience in finance and investments, and have represented more than 120 companies in a wide range of industries. For more information about Liolios Group, go to [ www.liolios.com ].

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 ].

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 commercialize its core technologies and meet the growing needs of heavy-duty electric vehicle markets, and the ability of Balqon Corporation and Liolios Group, Inc. to raise awareness about Balqon Corporation in the investment community, refine Balqon Corporation's message and outline a new communications strategy, and Liolios Group's intention to schedule various events 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; 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 Annual Report on Form 10-K for the year ended December 31, 2009 filed with the Securities and Exchange Commission on March 31, 2010.