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Azure Dynamics Announces 45 Transit Connect Electric Sales

Geschrieben am 03-02-2012

Oak Park, Michigan (ots/PRNewswire) -

- Global orders of Transit Connect Electric exceed $32 million since its
introduction
- New North American customers include orders through the General Services
Administration, Verizon, an internet company, a Northeast university, a utility
company and Ford Commercial Truck dealerships
- New European customers include government authorities, and Ford dealerships

Azure Dynamics Corporation ("Azure" or the "Company"), a world
leader in the development and production of hybrid electric and
electric components and powertrain systems for light and medium duty
commercial vehicles, today announced 45 new Ford Transit Connect
Electric sales, including 20 units in Europe and 25 units in North
America, which includes six initial units through the General
Services Administration (the "GSA") via Northside Ford in San
Antonio, TX, a four unit order from Verizon and a four unit order
from an internet company.

"We are pleased to have received several initial orders through
the GSA as various U.S. government agencies, affiliated companies and
military installations begin their procurement process for fiscal
2012," said Scott Harrison, Azure's CEO. "The Transit Connect
Electric, offering low operating costs and zero tailpipe emissions,
is the ideal versatile product that can serve a myriad of government
fleet needs, particularly within the Armed Services."

Since most commercial and government fleets spend a significant
portion of their operational costs on fuel alone, there has been a
dramatic surge in the demand for electrified alternatives. These
fleet operators are increasingly seen as the logical starting point
for electric vehicles due to typical drive cycles that include travel
on predictable, short-range, routes with frequent stop and go driving
that generally return to a central location at the end of a drive
cycle making for efficient and convenient recharging over night.

"We are also pleased to see continued adoption among universities
and large companies, such as Verizon," continued Harrison. "Fleet
operators, big and small businesses and colleges worldwide
increasingly recognize the value the Transit Connect Electric offers
in helping them reduce cost and meet their environmental goals."

Azure is a leading provider of electric drive technology for
light to medium-duty commercial fleet vehicles in North America and
is the first authorized provider of electric and hybrid electric
solutions on Ford's market leading light-and medium-duty commercial
vehicles.

"With these new orders, our global Transit Connect Electric sales
exceed $32 million in less than 12 months of production," continued
Harrison. "And, our network of over 160 Ford dealers globally
continues to drive our sales growth while providing outstanding
service for our customers."

Azure Dynamics has agreements with over 160 Ford commercial truck
dealerships in key markets across North America, 90 of which support
sales and service activities for Transit Connect Electric and in six
countries throughout Europe representing 13 dealerships with 57 store
locations.

Transit Connect Electric expands its customer base:

The 45 Transit Connect Electric vans announced today were sold to
a variety of customers across North America and Europe as wells as to
a number of Ford commercial truck dealers who will use the vans as
customer demonstrators to increase awareness and appreciation of the
product. These sales include:

UNITED STATES

California

- Mission Valley Ford in San Jose, CA (4 units)
- Kearny Pearson Ford in San Diego, CA (1 unit)
- Trans West Ford in Fontana, CA (2 units)
- Frontier Ford in Santa Clara, CA (1 unit)
- Siemens through East Bay Ford in Oakland, CA (1 unit)

Connecticut

- Norwich Public Utilities through Interstate Ford in Hartford, CT (1 unit)

Florida

- Bartow Ford in Lakeland, FL (1 unit)

Georgia

- Peach County Ford in Byron, GA (1 unit)

Massachusetts

- Verizon through Stoneham Ford in Stoneham, MA (4 units)
- Stoneham Ford in Stoneham, MA (1 unit)

Texas

- Northside Ford in San Antonio, TX (6 units through the GSA)

CANADA

- Boisvert Ford in Quebec (1unit)
- City of Hamilton ON through Oak-land Ford in Oakville, Ontario (1 unit)

GERMANY

- Sachsengarage Ford in Dresden, Germany (1 unit)
- Kuttendreier Ford in Munich, Germany (1 unit)
- Sigg& Still Ford in Augsburg, Germany ( 1 unit)
- KADEA Ford in Berlin, Germany (1 unit)
- Pfohe Siemens Ford in Nuremburg, Germany (1 unit)

NETHERLANDS

- Ardea Ford in Netherlands (7 units)
- Dutch Royal Family through Ardea Ford in the Netherlands (1 unit)

NORWAY

- RohneSelmer Ford in Norway (4 units)

UNITED KINGDOM

- Brighton Council through Ford Retail in the UK, (3 units)

The Transit Connect Electric utilizes an advanced lithium-ion
battery from Johnson Controls to achieve a range of 50 to 80 miles
depending on auxiliary usage and drive cycle and is rechargeable
using either a 240-volt or standard 120-volt outlet. Commercial vans
generally return to a central location at the end of each driving
cycle making for easy overnight recharging. Use of the vehicles will
also reduce fuel and maintenance costs, as well as reducing
greenhouse gas emissions.

For more information on how Azure Dynamics powertrains are
'Driving a World of Difference,' please visit
http://www.azuredynamics.com.

About Azure Dynamics

Azure Dynamics Corporation is a world leader in the development
and production of hybrid electric and electric components and
powertrain systems for light and medium duty commercial vehicles.
Azure is strategically targeting the commercial delivery vehicle and
shuttle bus markets and is currently working internationally with a
variety of partners and customers. The Company is committed to
providing customers and partners with innovative, cost-efficient, and
environmentally-friendly energy management solutions. For more
information please visit http://www.azuredynamics.com.

The TSX Exchange does not accept responsibility for the adequacy
or accuracy of this release.

Forward-Looking Statements Advisory

Certain information included in this press release constitutes
forward-looking statements and information and future-oriented
financial information under applicable securities legislation and is
provided for the purpose of expressing management's current
expectations and plans for the future. Readers are cautioned that
reliance on such information may not be appropriate for other
purposes, such as making investment decisions.

More particularly, this press release contains statements
concerning Azure's anticipated: business development strategy,
customer orders, product deliveries, sales, revenue and revenue
growth. The forward-looking statements are based on a number of key
expectations and assumptions made by Azure, including expectations
and assumptions concerning achievement of current timetables for
development programs and sales, target market acceptance of Azure's
products, current and new product performance, availability and cost
of labor and expertise, and evolving markets for power for
transportation vehicles. Although Azure believes that the
expectations and assumptions used to develop the forward-looking
statements are reasonable, undue reliance should not be placed on the
forward-looking statements because Azure can give no assurance that
they will prove to be correct.

Since forward-looking statements address future events and
conditions, by their very nature they involve numerous risks and
uncertainties that contribute to the possibility that the projections
and forecasts in the forward-looking statements will not occur and
that actual performance or results could differ materially from those
anticipated in the forward-looking statements. These risks and
uncertainties include, but are not limited to, the risks associated
with Azure's stage of development, history of losses and lack of
historical product revenues, uncertainty as to product development
and sales milestones being met, product defect and performance risks,
competition for capital and market share, uncertainty as to target
markets, dependence upon third parties, changes in environmental laws
or policies, uncertainty as to patent and proprietary rights,
availability and retention of management and key personnel, exchange
rate and currency fluctuations, uncertainties relating to potential
delays or changes in plans with respect to product development or
capital expenditures, the ability of Azure to access sufficient
capital on acceptable terms, and environmental and safety risks. This
is not an exhaustive list and additional information on these risks
and other factors that could affect Azure's operations and financial
results are included in reports on file with the Canadian securities
regulatory authorities and can be accessed through the SEDAR website
athttp://www.sedar.com.

The forward-looking statements contained in this press release
are made as of the date hereof and Azure undertakes no obligation to
update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events or
otherwise, unless so required by applicable securities laws.
Additionally, Azure undertakes no obligation to comment on the
expectations of, or statements made by, third parties about Azure.

For further information:JurisPagrabs, Vice President, Investor
Relations, +1-248-298-2403 ext 7570, Email:
jpagrabs@azuredynamics.com

ots Originaltext: Azure Dynamics Corporation
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