Balqon Corporation is a developer and manufacturer of electric drives systems, charging systems and battery systems for trucks, tractors, buses, industrial equipment and renewable energy storage devices. The Company also designs and assembles electric powered yard tractors, short haul drayage tractors and inner city trucks utilizing its drive systems, battery systems and charging systems. During the year ended December 31, 2011, the Company introduced charging systems, which vary in capacity ranging from 8 kilo watt to 120 kilo watt in power and 200 volts to 700 volts in charge voltage. During 2011, the Company developed and shipped its next generation flux vector motor controllers. During 2011, the Company also developed and sold battery systems to address applications, such as forklifts and pallet jacks in the telecommunication energy storage and material handling markets. It developed and shipped energy storage products for forklifts, telecom and commercial buildings.