Balqon Corp. (BLQN.OB) Signs Dealer Agreement with Beltway International
Balqon Corporation is a developer and manufacturer of zero-emissions, heavy-duty electric vehicle and drive systems. The company announced today that it has entered into a dealer agreement with Beltway International LLC, Maryland's largest full-service domestic and international truck dealer. Under the terms of the agreement, Beltway International has agreed to distribute Balqon's Nautilus XE20, a zero-emissions electric tractor powered by lithium-ion batteries, and Balqon's proprietary drive system technology. The Nautilus XE20 can tow up to 30 tons of cargo at speeds of up to 25 miles per hour. The tractor is designed for “in-terminal” operations to transport containers at facilities…