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Azure Dynamics Europe Signs Germany's Auto-Strunk to Sales and Service Agreement

Geschrieben am 26-09-2011

Oak Park, Michigan (ots/PRNewswire) -

Azure Dynamics Corporation , a world leader in the development
and production of hybrid electric and electric components and
powertrain systems for commercial vehicles, announced today that
Auto-Strunk GmbH has become the latest European dealership to sign a
sales and service agreement for the innovative Ford Transit Connect
Electric van. Transit Connect Electric will be available via
Auto-Strunk locations in both Cologne and Langenfeld (Rhineland),
Germany.

European manufacturing for Transit Connect Electric began in
June, 2011 and in North America in April, 2011. Azure has since
received orders for the Transit Connect Electric van of more than 400
units worldwide and was recently honored with the ÖkoGlobe Award for
sustainable innovations in mobility.

"Germany is an important market for us and we're thrilled to have
Auto-Strunk, a well known and well connected dealership partner, to
present Transit Connect Electric to its commercial fleet customers,"
said Ricardo Espinosa, Azure's managing director in Europe.

"Auto-Strunk is working aggressively to provide customers with
vehicles that help lower operational costs and improve environmental
performance," said Edith Strunk, CEO at Auto-Strunk. "As the recent
ÖkoGlobe Award demonstrates, the Transit Connect Electric van can
accomplish those goals as well as any vehicle currently available in
Germany."

To bring forward innovation in electric vehicles, German
Chancellor Angela Merkel [http://www.upi.com/topic/Angela_Merkel ] is
committed to having one million electric cars on German roads by
2020.

With a unique combination of car-like driving dynamics, rugged
load capacity, dependability and low operating costs, the Transit
Connect Electric van is an ideal choice for German commercial fleet
operators looking to reduce operational costs and lessen their impact
on the environment.

On September 6th 2011, the Transit Connect Electric was honored
with the coveted ÖkoGlobe Award from the ÖkoGlobe Institute of the
University of Duisburg Essen. ÖkoGlobe is an international
environmental award that honors sustainable innovations in the field
of mobility.

Azure's distribution strategy in Europe is to establish
partnerships with carefully selected Ford Commercial Truck
dealerships to offer Transit Connect Electric sales and service
activities in strategically targeted markets.

To create the Transit Connect Electric, Azure integrates its
proven Force Drive[TM]electric powertrain into the award-winning Ford
Transit Connect. Utilizing an advanced lithium-ion battery, Transit
Connect Electric can achieve a range of up to 80-130KM/50-80 miles on
a single charge and has a load capacity of 500kgs.

For more information on how Azure Dynamics is Diving 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 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.

About Auto-Strunk:

Auto-Strunk GmbH is a well established car dealer operating in
Cologne, Germany for 100 years in 2011. The family run business holds
subsidies in Langenfeld (Rheinland) and Brandenburg an der Havel with
almost 400 employees. The partnership with Ford Motor Company was
established 75 years ago and is since then core brand for the
business. Focusing on the customer and its needs all around the field
of mobility with high quality service was always key to Auto-Strunk.
Incorporating electric vehicle was logic in following this guiding
theme and made possible by a cooperation with Azure Dynamics. For
more information in German please visit: http://www.auto-strunk.de.

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
at http://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:

Gary Whittam, Azure Dynamics Europe, +44(0)1277-725-652
Email gwhittam@azuredynamics.com
Patrick Liebler, Liebler Group, 248-229-4418
Email: pat@lieblergroup.com

(AZD. AZDDF)

ots Originaltext: Azure Dynamics Corporation
Im Internet recherchierbar: http://www.presseportal.de

Contact:
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