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Balqon Named US Distributor for Lithium Batteries Manufactured by China-Based Winston Battery; Demonstrates First All Electric RV

Wed, 12/22/2010 - 11:20am
PowerPulse.net

Balqon Corp., a developer and manufacturer of zero-emissions heavy-duty electric vehicles and drive systems, has entered in to a Distribution Agreement with Seven One Limited under which Balqon was appointed the exclusive distributor in the United States for lithium iron phosphate batteries and high voltage charging systems manufactured by Winston Battery Limited.

Balqon also completed a $5.0 million private placement of its common stock and warrants to purchase common stock on December 14, 2010. The investor in the private placement was Seven One Limited.

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