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Old 01-07-2015, 02:40 PM   #1
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Default Litium Batteries source

I'm ready to buy my battery pack, but I am unable to contact anyone at Balqon. I was going to see if I can pick up a 15KW battery pack at their place of business rather than shipping it as I will be in the area soon.
No one has replied to the phone messages,live support or emails. Have they gone out of business?
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Old 01-07-2015, 03:24 PM   #2
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Default Re: Litium Batteries source

maybe holiday season closed?
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Old 01-07-2015, 03:36 PM   #3
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Default Re: Litium Batteries source

Quote:
Originally Posted by gerrym51
maybe holiday season closed?
I was thinking that also, and that they may still be behind in contacts coming back.

Facebook page is claiming lots of recent success-last post at the end of 2014

https://www.facebook.com/balqoncorporation
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Old 01-07-2015, 03:48 PM   #4
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Default Re: Litium Batteries source

Sounds like a company to steer clear of. If they won't talk to you now about giving them money to buy their products , just imagine settling a warranty issue.
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Old 01-07-2015, 04:07 PM   #5
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Default Re: Litium Batteries source

Their latest financial update on the site, doesn't look very great-more deposits received listed than total assets, $11M liabilities vs low assets. Lots of mergers in a few years. The big thing would be if they have a good line of credit for day to day cash flow. I think I would be hesitant to give them a big deposit. COD might be good.
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Old 01-07-2015, 04:07 PM   #6
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Default Re: Litium Batteries source

Go to a financial page and look up BLQN. Last year there was talk of bankruptcy but no followup in that regard. Yahoo Finance doesn't reflect anything their Facebook page does. Stock is listed as 5 cents. I don't think I would order anything that has to be shipped given the bleakness and hanging on by a thread this company seems to be going through. But if you go there and can do cash and carry with batteries in hand you might be safe.
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Old 01-07-2015, 09:42 PM   #7
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Default Re: Litium Batteries source

What booster and DavyDD say...
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Old 01-08-2015, 02:31 PM   #8
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Default Re: Litium Batteries source

^ X 3.

I'd find another source for your batteries.
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Old 01-08-2015, 06:09 PM   #9
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Default Re: Litium Batteries source

Booster and Davydd suggested paying cash and getting the batteries. I suggested not buying them because of fear of no warranty but I may have missed something. Do these types of batteries fail? I thought it was a new expensive technology. Is the company in question the only place to buy them? Forgive the questions but I have not followed the lithium threads too closely.
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Old 01-08-2015, 06:30 PM   #10
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Default Re: Litium Batteries source

Quote:
Originally Posted by stanw909
Booster and Davydd suggested paying cash and getting the batteries. I suggested not buying them because of fear of no warranty but I may have missed something. Do these types of batteries fail? I thought it was a new expensive technology. Is the company in question the only place to buy them? Forgive the questions but I have not followed the lithium threads too closely.
I can't disagree with that thought at all. I think if someone were to buy from them right now, they should get a substantial discount for cash, and the materials right then.

My guess is that this may turn into a bit of the wild west of batteries, with China supplied, startup size, suppliers, targeting the DIY and small converter market. There could very easily be a lot of new sources coming and going away in the next few years. In the end, it will probably be good for the market and customers, but some will undoubtedly get burned along the way.
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Old 01-08-2015, 06:33 PM   #11
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Default Re: Litium Batteries source

if i were buying singly as a selfie i would buy smartbattery product

it would be more expensive though
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Old 01-08-2015, 06:42 PM   #12
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Another financial from November. It looks like they are in default on a lot of loan money, so they are probably ignoring that when the list profits and increases. It looks like a totally dire situation unless they grt acquired again. Looks like investors are in line to lose like $11M if it tanks.

http://www.marketwatch.com/story/10-...orp-2014-11-19
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Old 01-08-2015, 07:36 PM   #13
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Default Re: Litium Batteries source

Almost all lithium ion batteries are coming from China. A warranty is only as good as the company standing behind it. I don't think anyone has much knowledge to tell you which lithium ion battery is best (as in manufactured quality.)
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