Wall Street Transcript Interview with Balwinder Samra, CEO, Chairman and Director of Balqon Corporation (BLQN)

Wall Street Transcript

67 WALL STREET, New York - February 15, 2013 - The Wall Street Transcript has just published its Alternative Energy Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Grid Parity Timelines for Alternative Energy - Asia Pacific Demand for Solar Energy - Alternative Energy Generation - Solar Energy Pricing - Government Subsidies and Regulation - The Rise of the Energy Efficiency Market - LED Adoption in Large-Scale Projects - Long-Term Opportunities in Emerging Markets - Solar Growth Drivers and Headwinds

Companies include: Balqon Corporation (BLQN) and many more.

In the following excerpt from the Alternative Energy Report, the CEO, Chairman and Director of Balqon Corporation (BLQN) discusses the outlook for his company for investors:

TWST: Please give us some background on Balqon.

Mr. Samra: I founded the company in 2005 to develop heavy-duty drive systems for the truck and bus market. I have about 30 years experience in electric vehicles, and have done everything from forklifts to golf carts, to buses to delivery vans, and I finally decided to start my own company.

Between 2005 and 2007 we developed the technology, and then we heard about the Port of Los Angeles pollution problem. As a result, we decided to make a complete heavy-duty truck, the world's first electric heavy-duty truck, Class 8. It could pull 30 to 50 tons, and that truck is used in the ports mainly to move the containers.

The Port of Los Angeles then gave us additional orders, because they have about 16,000 trucks that are polluting the air, and they are looking for zero-emission solutions. In 2008, we released on-road version of the vehicle because at the Port of L.A. the rail yard is about 2.5 miles away from the port, and so they wanted some zero-emission solutions to truck the containers between marine terminals and the rail yards.

Currently we are in three types of businesses. One is obviously the truck side. We sell those heavy-duty trucks in United States on-road and off-road. The second business we are in is drive systems. Internationally, we sell the drive systems that we developed during 2005 and 2007 to OEMs in India, China and Europe. Two of the relationships we have are with truck manufacturers, and the rest of them are bus manufacturers. Our drive systems are going into buses in China and India, and the truck side is in Europe.

The third business we are involved with is energy storage. Since we are using the lithium batteries...

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

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