Balqon Corporation Expands Distribution of Its
Heavy-Duty Electric Vehicles into Colombia
March 29, 2010 05:33 AM Eastern Daylight Time
HARBOR CITY, Calif.--(EON: Enhanced Online News)--Balqon Corporation (OTCBB: BLQN), a developer
and manufacturer of zero emissions heavy-duty electric vehicles for Class 7 and Class 8 applications, today
announced that it has entered into a Dealer Agreement with Industrias IVOR, a leading distributor of heavy
equipment and material handling equipment, including heavy-duty trucks, in Colombia. Under the terms of the
agreement, Industrias IVOR has agreed to distribute Balqon’s heavy-duty electric vehicles and provide service and
parts for Balqon’s products in Colombia.
Balwinder Samra, President and CEO of Balqon Corporation, stated, “Industrias IVOR has over 100 years of
experience in the heavy-duty truck market in Colombia. Our agreement with Industrias IVOR provides us with a
long term partner that we believe will facilitate the development of a market for our heavy-duty electric vehicles in
Colombia. The addition of Industrias IVOR to our dealer network evidences progress towards our goal of
developing an infrastructure that will provide our customers with the ability to service our products globally.”
“Industrias IVOR’s presence in ports and inner city delivery vehicle markets provides both Industrias IVOR and
Balqon opportunities to jointly develop the market for electric vehicles in Colombia,” added Mr. Samra.
“We are excited to partner with Balqon Corporation and, together, to introduce new products and new zero
emissions technologies to our existing customer base at ports, distribution warehouses and inner city distribution
companies,” commented Gareth Hughes, President of Industrias IVOR.
About Industrias IVOR
Industrias IVOR is a distributor of trucks, firefighting trucks and equipment, refuse trucks, and heavy machinery for
material handling products in Colombia. Its customers include local ports, distribution warehouses, airports,