Tag: electric vehicles

Fox Business’ Willis Report Recognizes the Growing ‘Green Rush’

Written by Green Technology Investments on Nov 20, 2012

GrowLife Inc. (OTCBB: PHOT), an industry-leading consortium of high-end gardening and horticulture brands, is dedicated to supplying the growing “green rush” with the products needed to reduce grow times and maximize harvest. Recently, Fox Business’ Willis Report discussed various ways to capitalize on the “green rush”, bringing the space into the spotlight.

Recently, the company has been buoyed along with other companies like Medical Marijuana Inc. (OTCQB: MJNA) and HEMP Inc. (OTCQB: HEMP) by the legalization of marijuana in Colorado and Washington. But, the “green rush” extends well beyond this end market into the multibillion dollar home gardening and hydroponics markets targeting people looking for healthier food.

GrowLife Inc. (PHOT), an industry-leading consortium of high-end gardening and horticulture brands, is focused on merchandising the “picks and shovels” of the growing “green rush”.  As highlighted recently on Fox Business’ Willis Report, GrowLife is amongst the public companies leading the charge to provide the best equipment possible to help reduce grow cycle times and maximize harvest.

Derek Peterson, CEO of Terra Tech, was recently featured on the Fox Business ‘Willis report’ discussing the various ways to invest in today’s “green rush”.  Peterson talks about investing in ancillary companies that help to support the industry, versus those that have a more direct interest, such as a medical marijuana dispensary.

“GrowLife operates on the leading edge of high-end horticulture with a complete line-up of indoor gardening products,” said GrowLife Inc. CEO Sterling Scott. “Our products have been scientifically shown to reduce grow times and produce greater yields than traditional soil gardening, while outperforming many other hydroponic equipment makers.”

Soilless gardening (hydroponic gardening) offers many advantages to the home grower; and since a sterile medium is used hydroponic growers rarely have to deal with weeds, insects or other pests.  Plants grown using these methods also don’t tend to grow large root systems, meaning they mature more quickly than soil grown plants.

According to a study done by Virginia Tech,  “Properly grown hydroponic plants also are healthier and more vigorous because all of the necessary growth elements are readily available.  The plants can mature faster, yielding an earlier harvest of vegetable and flower crops.  Hydroponic gardens use less space since the roots do not have to spread out in search of food and water.”  The study continues on to say “The big advantage to hydroponics is the ability to automate the entire system with a timer.  Automation reduces the actual time it takes to maintain plant growth requirements.  Automation also provides flexibility to the gardener as one can be gone for long periods of time without having to worry about watering the plants.”

GrowLife Inc.’s hydroponic growing equipment can be used by a number of end markets, including the emerging marijuana industry. After the approval of marijuana for recreational use in Colorado and Washington, as well as medical approval in many other states, companies like GrowLife Inc., HEMP Inc. (HEMP) and Medical Marijuana Inc. (MJNA) saw significant appreciation in their share price.  GrowLife’s product line of high quality hydroponic grow systems are also used by home gardeners, professional chefs, and commercial restaurants among other demographics.

“What sets GrowLife apart is our quality product line and established distribution network,” added Mr. Scott.  “We are well-positioned to capitalize on many end markets with our innovative technology. Our aim is to continue expanding our presence with our revenue acquisition of Greners.com, as well as through our StealthGrow and Phototron divisions, with the ultimate goal of generating significant value for our shareholders.”

About GrowLife, Inc.

GrowLife, Inc. (PHOT) (formerly Phototron Holding, Inc.) (www.growlifeinc.com) (PHOT) is a company with core holdings in innovative technology-based products and services for the indoor gardening industry and specialty markets. These brands include Stealth Grow, a producer of grow room automation equipment and hi-powered LED grow light products for indoor horticulture (www.sgsensors.com and www.stealthgrow.com), Greners.com, the online hydroponics superstore (www.greners.com) and Phototron, producer of hydroponic grow containers, which are designed to grow vegetables, herbs, flowers and fruits in any environment (www.phototron.com).

For more information about our public holding company, please visit www.growlifeinc.com.

Cautionary Language Concerning Forward-Looking Statements

Information set forth in this press release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in GrowLife’s filings with the Securities and Exchange Commission. In addition, all industry products are subject to additional uncertainty, including the risks of delay, cancellation and poor critical or financial reception. GrowLife disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.

Solar Plays Led By Juniors Like Principal Solar as Grid Parity Approaches

Written by Green Technology Investments on Sep 25, 2012

Solar companies have gotten a bit of a bum rap over the past year with plenty of criticisms about failure to perform.   A lightning rod of controversy, Solyndra is in the hot seat after filing bankruptcy earlier this month and saying that it can’t repay the $528 million that the U.S. government gave it to promote clean energy businesses.  China’s Suntech Power Holdings Inc. (NYSE: STP) is facing delisting because it is not meeting minimum NYSE-listing requirements.  LDK Solar (NYSE: LDK) has seen its shares plummet from $76 to about $1 in five years.  JA Solar Holdings (NASDAQ: JASO) has lost most of its value; carving-off about $27 a share since 2008 highs to less than a buck per share presently.

The problem for most of these companies was the extreme costs associated with the learning curve of the solar technologies as the path to everyday use was paved.  The industry itself has incredible upside potential.

For starters, many of the solar plays are worthy of a closer look as they appear to be finding a technical bottom.  Secondly, upstarts that can build their companies by learning from the failures of peers present a very unique proposition for exponential growth in the near, mid and long-term.  It all depends on their position in the space, capital structure, business model and leadership.

Doing some due diligence on the industry means diving into Principal Solar, Inc. (Pinksheets: PSWW) because this is not a run-of-the-mill pinksheet company.  The Addison, Texas-based solar holding company went public in 2011 via reverse merger and has been holding its share value around $2 ever since as it builds its business and impeccable team.   The company recognizes that the solar industry is growing at about a 40 percent annual rate and that grid parity, a phrase used when energy from renewable sources costs the same as power from traditional fossil fuels, is coming in the near term.

Germany, a world leader in renewable energy, reached grid parity for solar panel-generated power in homes for the same price as traditional electricity in 2011, according to the government body Germany Trade & Investment.

In order for the United States to remain competitive, gigawatt-scale power generation must be achieved.  Principal is already forging ahead as a leader towards meeting that demand.

Principal Solar plans on capitalizing on the growing industry by executing a unique roll-up strategy to create the world’s first distributed solar utility.  Principal first assembled a world-class management team and advisory board comprised of highly successful individuals in the solar space, traditional energy, finance and entrepreneurs.   The company is led by CEO and Chairman Michael Gorton, a quintessential company builder with a portfolio of corporate successes.

The Board of Directors at Principal Solar includes people such as Hunter Hunt, the president and CEO of Hunt Consolidated Energy, the holding company for Hunt Oil, Hunt Power and the other energy activities of the Ray L. Hunt family of Dallas, Texas. Hunt Oil Company, founded in 1934 by H.L. Hunt, is one of the largest privately-owned energy companies in the world, engaging in exploration and production, LNG, refining,  and development of traditional and renewable energy technologies.

Principal’s Advisory Team reads like a “Who’s Who in Energy, Finance and Innovations,” with members like Colonel Buzz Aldrin, Ph. D. and Erle Nye, J.D., one of the best recognized and distinguished executives in the electric power industry.

Through its team and initiatives such as white paper publications, Principal has established itself as a thought leader in solar energy.

In December, Principal entered into a definitive agreement for up to $15 million in investment capital with AGS Capital Group, LLC, a New York headquartered investment fund.

Now, as part of its multi-prong growth strategy, the company is moving forward with acquisition plans.  Early this month, Principal announced the acquisition of a 3.5MW solar project slated for Andover, Mass. from SunGen and R&D Solar. Originally developed by Talmage Solar Engineering, Inc. in Arundel, ME, construction is expected to begin in Q2 2013. The completed solar system will interconnect to National Grid’s substation in Andover, Mass.

The company intends to continue targeting projects with power purchase agreements in place, Principal’s chief executive Gorton told us in a phone interview.  They have dialed-in on other projects that meet corporate criteria for acquisition at this time with plans to ramp-up the size of acquisitions as they begin generating revenue and align their debt-equity strategy for larger acquisitions.

Solar could become the gold rush of the 21st century with grid parity possibly being achieved as early as 2014.  At that time, Principal Solar has a goal of 500MW-worth of projects in their portfolio, according to Gorton.  “A solid capitalist foundation will be the primary factor driving the coming ‘gold rush’ in solar development, and now is the time for traditional conservative thinking to re-examine the facts about solar energy, explore its potential for delivering more efficient and less costly power, and concurrently create jobs and opportunities that trigger economic growth,” says Gorton.

Solar energy has reached its tipping point and will continue to gain traction in main stream uses to reduce the world’s dependence on depleting fossil fuels.  Properly positioned juniors like Principal Solar will ride the tailwinds of the evolution of solar to build shareholder value.  Members of the leadership team are not accustomed to failures and it is discernible that they are on the right path again.

Balqon Corporation Introduces HIQAP-GS™ Lithium Battery for Airport Ground Support Equipment

Written by Green Technology Investments on

Balqon Corporation (OTC: BLQN), a developer of electric vehicles, drive systems and lithium battery storage devices, introduces low cost, high capacity lithium battery replacement pack for electric powered airport baggage tractors. The new HIQAP-GS™ series lithium battery pack is available in 48 Volt and 80 Volt configurations with amp hour (Ah) capacity ranging from 400 Ah to 1,000 Ah, doubling the range of current fleets in operation. HIQAP-GS™ pack design includes Balqon proprietary Battery Management System (BMS), 5 kW built-in charger and control technology for direct replacement of lead acid battery packs.

“We believe longer range, ability to fast charge vehicles and longer life of the HIQAP-GS™ will help airlines in adopting zero emission technologies to reduce operating and maintenance costs,” said Mr. Balwinder Samra, CEO of Balqon Corporation. “Ability to fast charge HIQAP-GS™ batteries in less than one hour will allow customers to use existing electric tractors for two shift operations. Features such as zero maintenance, and double the life than a lead acid battery, can be the catalyst that accelerates transition of airports towards zero emission technologies,” he added.

HIQAP-GS™ battery will be on display at International Airport Exposition, held in Las Vegas, Nevada from September 25th to 27th, http://www.internationalairportexpo.com, at Averest Incorporated Booth (#1537). Averest Incorporated is a leading supplier of electric power solutions for aviation ground support equipment, which includes battery packs, fast chargers and ground support equipment.

About Balqon Corporation

Headquartered in Harbor City, California, Balqon Corporation is a leading developer of zero-emissions electric drive systems, lithium battery storage systems and medium to heavy-duty electric vehicles. Balqon electric vehicles and drive systems are marketed globally to companies, governments and municipalities looking for viable and effective ways to reduce their vehicle maintenance and operating costs and lower carbon emissions. Balqon is recognized as a pioneer in commercial electric vehicle technology and development of energy efficient transportation solutions. For more information, please visit http://www.balqon.com/store.php. Balqon Corporation’s common stock trades on the OTC Bulletin Board under the symbol “BLQN”. Follow us on Twitter @hiqapbattery or http://twitter.com/hiqapbattery or visit our Facebook page at:http://www.facebook.com/hiqap.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

With the exception of historical information, the matters discussed in this press release, including without limitation, whether the HIQAP™ will be lower in cost than lead acid batteries; whether the HIQAP™ will provide its users with lower operating costs than the operating costs incurred by users of deep cycle lead acid batteries, are forward-looking statements that involve a number of risks and uncertainties. The actual future results of Balqon Corporation could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, market acceptance of Balqon’s technologies and solutions; unforeseen technical issues; Balqon Corporation’s ability to attract sufficient capital and labor to manufacture its products; the ability of Balqon Corporation to attract and retain talented individuals; adverse economic and market conditions; the projected future demand for Balqon Corporation’s products, including the changes in technology and governmental regulations and policies; and other events, factors and risks previously and from time to time disclosed in Balqon Corporation’s filings with the Securities and Exchange Commission, including, specifically, those factors set forth in the “Risk Factors” section of Balqon Corporation’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission.

 

Balqon (BLQN) Breaks Out 26% Higher on Heavy Trading

Written by Green Technology Investments on Aug 23, 2012

Balqon Corporation (OTCBB: BLQN), a developer and manufacturer of zero-emissions heavy-duty electric vehicles, lithium battery energy storage products and electric drive systems, operating in the same industry as Exide Technologies (NASDAQ: XIDE) and Ultralife Corp (NASDAQ: ULBI), broke out nearly 20% higher today during early trading.

The stock broke out more than 20% higher during early trading and moved as high as 26% during mid-day on higher-than-average volume of 81,973 shares. The company released no news today, but the firm was mentioned in an article that was published on Resource Investing News, highlighting momentum for lithium-ion batteries in utility-scale energy storage markets.

About Balqon Corporation

Headquartered in Harbor City, California, Balqon Corporation is a leading developer of zero-emissions electric drive systems, lithium battery storage systems and medium to heavy-duty electric vehicles. Balqon electric vehicles and drive systems are marketed globally to companies, governments and municipalities looking for viable and effective ways to reduce their vehicle maintenance and operating costs and lower carbon emissions. Balqon is recognized as a pioneer in commercial electric vehicle technology and development of energy efficient transportation solutions. For more information, please visit http://www.balqon.com/store.php. Balqon Corporation’s common stock trades on the OTC Bulletin Board under the symbol “BLQN.” Follow us on Twitter @hiqapbattery or http://twitter.com/hiqapbattery or visit our Facebook page at: http://www.facebook.com/hiqap.

Balqon (BLQN) Featured on Clean Energy Authority

Written by Green Technology Investments on Aug 02, 2012

Balqon Corporation (OTCBB: BLQN), a developer and manufacturer of zero-emissions heavy-duty electric vehicles, lithium battery energy storage products and electric drive systems, operating in the same industry as companies like Exide Technologies (NASDAQ: XIDE) and Ultralife Corp. (NASDAQ: ULBI), was recently featured on Clean Energy Authority’s website.

The article discusses the company’s new HIQAP lithium-ion batteries for use in storage applications, ranging from the telecom industry to renewable energy sources. Currently, some 80% of its HIQAP ™ sales over the past 8 months went to the telecom industry to ensure systems would remain up in the wake of emergencies like hurricane Katrina, according to CEO Balwinder Samra.

According to the article:

“As solar power spreads a key issue it will continue to face is ‘What do I do when the sun’s not shining?’ Part of the solution is storage, but that raises it’s own questions, like: ‘Is storage cost-effective? Will it last?’ That’s [what] Balqon Corp. wants to be part of the solution for. The company announced its HIQAP lithium ion batteries are now available to provide backup for photovoltaic arrays.”

To read the complete article, click on the following link:
http://www.cleanenergyauthority.com/solar-energy-news/balqon-hiqap-lithium-ion-batteries-073112

About Balqon Corporation

Headquartered in Harbor City, California, Balqon Corporation is a leading developer of zero-emissions electric drive systems, lithium battery storage systems and medium to heavy-duty electric vehicles. Balqon’s proprietary electric drive system encompasses complete power management, propulsion, flux vector motor controllers and energy storage systems. Balqon electric vehicles and drive systems are marketed globally to companies, governments and municipalities looking for viable and effective ways to reduce their vehicle maintenance and operating costs and lower carbon emissions. For more information, please visit www.balqon.com.  Balqon Corporation’s common stock trades on the OTC Bulletin Board under the symbol “BLQN”. Follow us on Twitter @balqon or http://twitter.com/#!/balqon or visit our Facebook page at: http://www.facebook.com/balqoncorporation.

Advanced Energy Storage Innovator Drives Clarity in Fragmented Industry

Written by Chris Kassover on Aug 01, 2012

Balqon Corporation Offers Criteria For Evaluation of Energy Providers

With the global energy storage market expected to increase more than 200% by the end of this decade, rising to $74 billion by 2020 according to Dow Energy Materials, a unit of Dow Chemical Company (NYSE: DOW), the marketplace has become crowded with companies formed to take advantage of emerging opportunities.

In addition to established providers of batteries and electric transportation products such as Balqon Corporation (OTCBB: BLQN), Johnson Controls (NYSE: JCI) and A123 Systems (Nasdaq: AONE), hundreds of smaller businesses have been seeking to establish themselves in this fast growing field.  This diversity has presented a challenge to governments, enterprises and investors who have minimal expertise in evaluating green energy partners.  To offer these stakeholders greater insight on identifying qualified providers, Balqon Corporation has introduced a set of criteria to assist decision makers in the evaluation process.

“The energy storage industry today is very similar to the early automotive industry,” said Balqon CEO Balwinder Samra.  “Hundreds of startups have appeared recently, many of them with great promise for long term success.  But it’s often difficult to recognize what qualities make an energy storage enterprise an appropriate business partner – at least until now.”

Balqon suggests that those looking to partner with, contract with or invest in energy resources providers make the following criteria central to their appraisal of prospects:

Established product offerings – Experimental technologies capture the marketplace’s imagination, but markets demand affordable products with proven manufacturing and distribution processes.  As an example of such market-ready solutions, Balqon points to the 1.1-megawatt energy storage project for the University of California Riverside’s that the company completed earlier this year. On a battery supply level, the firm also recently announced a $630,000 Port of Los Angles contract to replace lead-acid batteries in electric yard tractors with its new lithium batteries.  These projects may leverage leading edge technologies, but there is nothing experimental about them – they are practical, contemporary solutions that are set to deliver results and revenue in the here and now.

Diversified portfolio – Companies with exposure to multiple market segments may offer a comforting degree of stability in a rapidly changing commercial environment. While specialization has its value, businesses such as Balqon leverage the expertise of numerous specialized solutions developers, limiting their exposure to the fluctuations of any one market space.  This diversification is intended to promote a degree of longevity that appeals to business partners looking to ensure that proprietary products remain available to them for the long term.  Balqon’s range of products – all of which are sold through its online store at http://balqon.com/store.php– includes electric trucks, lithium batteries, drive systems and energy storage products for marine terminals, warehouses, on-highway trucks and buses, UPS backup systems and renewable energy storage.

Global outlook – Because many governments explicitly endorse – or even subsidize – the adoption of new technologies, providers who have positioned themselves to operate across borders have an advantage when opportunity presents itself.  As evidence of this potential, Balqon has global partnerships in both upstream and downstream processes of their business.

More than 50% of the company’s sales are in export markets as a result of its strategic relationship with large lithium battery manufacturer Winston Battery and OEM relationships in India, China and Europe.

Cost competitiveness – With its overall strong return on investment and reduced maintenance requirements, lithium technology is an increasingly popular replacement for less environmentally responsible lead-acid batteries.   Providers like Balqon, who can offer energy storage products at prices that have reached parity with established technology, are well positioned to compete in this market space.  They offer end users the opportunity to upgrade their existing installed base rather than purchase new systems with upgraded technologies.

Market capitalization – Companies that are publicly traded offer investors and other stakeholder’s greater opportunity to capitalize on their success.  They also promote healthy industry consolidation by facilitating merger and acquisition activity.   Lipper, a Thomson Reuters company, reports more than $500 million will be invested in green energy mutual funds by year’s end.  Should successful rollouts in electric vehicle and battery technology continue, Balqon’s market capitalization of under $15 million means that it could be trading at a fraction of its potential valuation.

Balqon suggests that companies seeking partnership with energy solutions providers match these broad guidelines with their own company-specific criteria to give them a fuller sense of a prospect’s ability to meet their unique needs.  Multiple enterprises have emerged in recent years seeking to tap into the market’s tremendous potential, and with no definitive brand leader in place, end users need as much assistance as they can get when it comes to evaluating potential business relationships.

Balwinder Samra believes that healthy competition from energy storage developers is good for the industry, consumers and the environment.  It drives price competition and promotes innovation, both of which contribute to the adoption of next-generation energy resources.  At the same time, providers that are unable to adequately meet the needs of their customers can have an adverse impact on an industry in its infancy, and Balwinder Samra recognizes that this can slow the rate of technology’s advance.

“The transition to zero emission technologies is more essential than ever in a world that’s still far too reliant on fossil fuels and dangerous chemicals,” says Samra.  “As industry leaders, we have a particular responsibility to ensure that this change is fully embraced.  That means we must serve as advocates for our industry, giving decision makers the insight they need to identify those companies that are as committed to excellence and integrity as we are.”

Recent News -  Balqon Corporation Introduces HIQAP™ Lithium Battery for Solar Energy Storage Applications

Balqon Website

Lithium-Ion Battery Market to Grow 700% by 2017, New Report Finds

Written by Green Technology Investments on Jul 22, 2012


Lithium-Ion Battery Market to Grow 700% by 2017, New Report Finds (via Clean Technica)

  Pike Research has just come out with a new market research report, “Electric Vehicle Batteries.” The report, which ranks what it thinks are the top 10 Lithium-ion battery companies, finds that market revenue for Lithium-ion (Li-ion) batteries for transportation (EVs and plug-in hybrid electric…

Balqon’s (BLQN) Management History is Key to Future Success

Written by Green Technology Investments on Jul 09, 2012

The following is a repurpose from Tomorrow’s Blue Chips:

Balqon Corporation (OTCBB: BLQN) is a developer and manufacturer of zero-emissions heavy-duty electric vehicles, lithium battery energy storage products and electric drive systems. While operating in the same industry as companies like Tesla Motors Inc. (NASDAQ: TSLA) and A123 Systems Inc. (NASDAQ: AONE), the company’s management team is as strong as any other in the industry.

When Balqon, entered the heavy-duty trucking industry, CEO and founder Balwinder Samra had the goal of creating cost-effective, zero-emission solutions for the container transportation market. Beginning with world’s first short-haul all-electric trucks for the Port of Los Angeles, Balqon now provides multiple models of all-electric trucks, with specifications tailored to every market they can reach.

The pioneering vision of Balqon management to create new markets for electric vehicles should come as no surprise to anyone who has followed the history of Balwinder Samra in the electric vehicle market space. While electric heavy-duty trucking is a relatively recent development, the history of electric delivery vans and light trucks dates back to the early 1990’s. Even then, Samra and his product development team were at the forefront of innovation in the electric vehicle industry. In 1992, while Corporate Vice President for Taylor-Dunn Manufacturing (a leading producer of electric utility vehicles), Mr. Samra and his team developed and delivered 400 all-electric delivery vans for a Frito-Lay subsidiary in Latin America.

To understand the state of electric vehicles at the time, no consumer electric vehicle was available in the United States, and few, if any, commercial electric vehicles existed either. Mr. Samra and his team were tasked with innovation and creation of large number of all-electric vehicles with almost no precedent, and they succeeded, developing and delivering all 400 delivery vans in less than a year. This pioneering spirit was harnessed again for Balqon – when Mr. Samra founded Balqon Corporation, he brought this same management team back together to develop the world’s first heavy-duty electric truck.

Since coming back together, this management team has been nothing but innovative in addressing new electric vehicle applications worldwide. In seven short years, they have produced three industry-leading all-electric truck models and heavy-duty electric drive systems used in buses and RVs, and recently have begun developing lithium battery energy storage systems. The past cannot always indicate future success, but with Balwinder Samra’s decades-long dedication to developing the newest electric vehicle technology and markets, the success of Balqon seems inevitable.

With a market capitalization of under $15 million, Balqon Corporation (OTCBB: BLQN) trades at a fraction of its potential valuation, if it’s successful in further rolling out its EV and battery technologies. Investors focused on the alternative energy space may therefore want to consider adding this stock to their portfolios before Wall Street discovers this potential gem.

Always read full disclaimer/disclosure:  http://tomorrowsbluechips.com/disclaimer/

AmeriLithium’s Geophysical Study of Western Australia Properties Identifies Gold Prospectivity & Drilling Targets Exploration Plan

Written by Green Technology Investments on Jul 02, 2012

AmeriLithium Corp. (OTC:AMEL), an exploration stage company engaged primarily in the exploration of lithium, similar to companies like Western Lithium USA Corp (OTC:WLCDF, TO:WLC) and Li3 Energy Inc. (OTC:LIEG), announced today that there may be significant gold resources in some of their Australian holdings. The delineation of those gold resources could aid in the more rapid development of their various lithium properties.

AmeriLithium Corp. (OTCBB: AMEL; “AmeriLithium” or “the Company”) is pleased to announce the completion of its geophysical study of the Company’s three properties in Western Australia for the purpose of identifying possible gold mineralization in addition to possible lithium resources.

The interpreted results from the geophysical study indicate geology that is consistent with [Ausgold Limited's nearby 5-million-ounce (Moz) Katanning gold discovery]. In particular, AmeriLithium’s Bare Rocks license block is considered highly prospective due to a series of structural features (faults and shear zones) that appear to be relatively unique for the Katanning area. Analysis of the existing geophysical data also identified 13 viable exploration drill targets.

The geophysical study was commissioned through AmeriLithium’s Australia-based joint venture (“JV”) partner, Strategic Resource Management Pty Ltd. The purposes of the JV are to acquire, manage and administer mining properties held by or to be held by AmeriLithium in Australia, including the Company’s three current Western Australia assets.

AmeriLithium’s CEO, Matthew Worrall, commented: “While our main focus remains our lithium projects in Nevada, our JV with Strategic Resource Management continues to enable us in exploring and developing our Australian holdings. And with the geophysical study pointing to the potential for gold mineralization, we’re looking forward to moving ahead with our 2012 drilling program to better assess the gold and lithium potential of our holdings.”

GEOPHYSICAL STUDY DETAILS

The geophysical study focused on the three mineral tenements currently held by AmeriLithium within the Katanning Greenstone Belt in Western Australia. Core Geophysics (“Core”) of Perth performed a detailed analysis of available geophysical data covering the three tenements with the purpose of identifying possible gold mineralization in addition to possible lithium resources already under examination.

Data was acquired and reviewed for the Bare Rocks (E70/3702), Hoffman Hills (E70/3703), and Normans Lake (E70/3704) projects. A suite of geophysical images was generated for each property, showing the structural interpretation of publically-available airborne geophysical survey magnetic data acquired within the past 5 to 10 years. A review of competitor activity in the region was also undertaken to determine the level of exploration activity and the techniques being employed to more fully delineate the Katanning gold discovery as well as the entire Katanning Greenstone Belt.

Structural interpretation of magnetic data within the AmeriLithium tenements shows a highly complex geological terrain interspersed with abundant intrusive dike swarms. This interpreted geology is consistent with that of the Katanning discovery. Patterns in magnetic data indicate a possible mafic-ultramafic layered intrusion at the south end of the Bare Rocks license block. This interpreted intrusion is also in close proximity to the Ausgold Katanning Gold Project and, according to Core, may be a significant feature in relation to known mineralization. Bare Rocks is considered highly prospective due to a series of structural features (faults and shear zones) that appear to be relatively unique for the Katanning area.

Core identified 13 viable exploration drilling targets from its analysis of the existing geophysical data:

• Four targets were delineated for the Normans Lake block. Targets are identified structural features and possible granitic intrusions.
• Six targets were identified for the highly prospective Bare Rocks block. These include geophysical signatures similar to the Katanning discovery that are on the strike of the Katanning mineralized trend. Priority targets include the set of faults and shears identified by the geophysical surveys and a geophysical signature identified as that of a layered-intrusive body.
• Three targets were identified for the Hoffman Hills block. Existing geophysical data for this area is of generally poor quality, according to Core. Additional work in this area is suggested to gain a better understanding of the geology and structure given its close proximity to the expanding Katanning discovery. Targets are identified structural features with major offset, fault splays and shear zones, and greenstone with multiple intersecting fractures

FOR MORE INFORMATION
More information on the Australian holdings, and additional information regarding the Company, can be found at AmeriLithium’s corporate website www.amerilithium.com along with the facility to sign up for regular news updates.

ABOUT LITHIUM: Lithium is a lightweight metal used in a wide range of consumer products the world over: the medical industry uses Lithium as an anti-depressant; industrial uses include glass, ceramic and porcelain enamel manufacture; the aviation industry uses Lithium in alloys. Of particular interest is the use of Lithium for battery production, which has expanded significantly in recent years due to rechargeable Lithium batteries being used increasingly in electrical tools and in the rapidly expanding portable electronics market. Furthermore, the next generation of hybrid and electric vehicles are being designed to use high-capacity Lithium-ion batteries as environmentally-friendly fuel alternatives.

ABOUT AMERILITHIUM: AmeriLithium is a publicly traded (OTCBB: AMEL), mining company committed to progressively developing into one of the leading American players in the global Lithium industry. The Company is headquartered in Henderson, NV. AmeriLithium has amassed a Lithium portfolio consisting of ~727,319 acres, including four Nevada-based projects nearby the only Lithium producing plant in the United States, a large project in Alberta, Canada, and a project in Western Australia.

ON BEHALF OF THE BOARD OF DIRECTORS,

AmeriLithium Corp.
Matthew Worrall, Chief Executive Officer

FORWARD-LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Contact:
AmeriLithium Corp
871 Coronado Center Dr.
Ste. 200
Henderson
Nevada
89052

Phone: (702) 583-7790
Fax: (702) 583-7791
Email: info@amerilithium.com
Web: www.AmeriLithium.com

INVESTOR RELATIONS:
Toll Free: 1-888-982-6374
Email: ir@amerilithium.com

SOURCE AmeriLithium Corp.

Balqon’s (OTCBB: BLQN) Cracks Open Chinese EV Market

Written by admin on Mar 09, 2011

Balqon Corporation (OTCBB: BLQN), a developer and manufacturer of zero-emission heavy-duty electric vehicles, lithium battery energy storage products and drive systems, similar to companies A123 Systems, Inc. (Nasdaq: AONE) and Tesla Motors, Inc. (Nasdaq: TSLA), cracked open the Chinese market with its recent agreement with Winston Global Energy to export 300 electric drive systems.

Balqon Corporation (OTCBB: BLQN), a developer and manufacturer of zero-emission heavy-duty electric vehicles, lithium battery energy storage products and drive systems, recently announced a deal to export 300 electric drive systems to China’s Winston Global Energy to power inner city buses. The move comes after demonstrating its drive and battery management system technologies in China during 2010, which the company sees as a jumping point into additional worldwide markets for inner city buses.

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About Balqon Corporation

Headquartered in Harbor City, California, Balqon Corporation (OTCBB: BLQN) a developer and manufacturer of lithium battery powered electric trucks, battery powered energy storage solutions and drive systems for 10 to 50 ton capacity vehicles and material handling equipment. Balqon product line includes 30 ton capacity yard tractors designed to transport containers at ports, warehouses, distribution centers and military facilities. The Company also manufactures complete electric drive systems for electric buses, medium duty trucks and tractors. For more information about Balqon Corporation, visit www.balqon.com.

ZAP (OTC-BB: ZAAP) Completes Acquisition of China’s Jonway Automotive

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ZAP Electric vehicles

ZAP (OTC-BB: ZAAP), one of the world’s oldest consumer electric vehicle providers, operating in the same industry as companies like Tesla Motors, Inc. (Nasdaq: TSLA) and utilizing battery technologies similar to companies like A123 Systems, Inc. (Nasdaq: AONE), recently completed its acquisition of China’s Jonway Automotive.

Electric vehicle market pioneer ZAP (OTC-BB: ZAAP) announced today that it has completed its acquisition of 51 percent of the capital stock of Zhejiang Jonway Automobile Co. Ltd. of Sanmen, Zhejiang, China. Cathaya Capital LP has funded the aggregate amount of US$36 million.

The final payment of US$19 million related to the acquisition was made on January 21, 2011 with the funding from Cathaya Capital. Total cash payment for the acquisition of 51 percent of Jonway Automobile was US$30,030,000.

With ZAP’s electric vehicle (EV) technology expertise and international experience, the combined company intends to build the necessary production platform to address the Chinese EV market. The newly combined company, to be renamed ZAP Jonway, will leverage Jonway Auto’s A380 SUV, as well as its established distribution channels to the Chinese market with over 90 direct dealers. ZAP Jonway will manufacture and sell SUVs powered by ZAP’s electric drive train and expects to benefit from the 60,000 RMB (approximately US$9,000) government incentives granted to electric car buyers.

Jonway Automobile anticipates vehicle sales for its gasoline A380 SUV to increase by 40 percent to over 10,000 vehicles in 2011 compared to 2010. In 2009, its first year of sales, Jonway Automobile experienced sales of 4,000 SUVs, which rose to over 7,000 in 2010, each with a sales price of around US$11,000. ZAP Jonway is currently adding to its manufacturing production lines to deliver the A380 EV SUV by the anticipated date of June 2011 and ZAP’s ALIAS EV roadster by September 2011.

“Jonway Automobile’s revenues from selling its gasoline vehicles will help build the foundation for ZAP Jonway’s growth in the electric vehicle market, allowing ZAP to focus on further strengthening its EV technology, reinforced by Jonway’s manufacturing production expertise and ready market access to China,” said Dr. Priscilla Lu, founder and general partner of Cathaya Capital, a Cross Border Fund focused on China. Dr. Lu has served as Chairman of the Board for ZAP since September 2009. Cathaya Capital has invested US$36 million in ZAP since September 2009 with the goal of completing this 51 percent acquisition of Jonway Automobile.

Jonway Automobile is ISO 9000 certified with over 3.6 million square feet of fully provisioned factory space on 141 acres of land.

This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of ZAP’s products, increased levels of competition, new products and technological changes, ZAP’s dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the ZAP’s periodic reports filed with the Securities and Exchange Commission.

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