ADC Azure Dyn

    Automotive Executive Joins Azure Dynamics' Board of Directors

    OAK PARK, MI, April 17 /CNW/ - Azure Dynamics Corporation (TSX: AZD &
LSE: ADC) ("Azure" or the "Company") a leading developer of hybrid electric
and electric powertrains for commercial vehicles, announced today the
appointment of James C. Gouin to its Board of Directors, subject to normal
regulatory approvals and procedures. Gouin recently joined Tower Automotive
LLC as Chief Financial Officer following a distinguished career at Ford Motor
Company ("Ford").
    "Jim Gouin's financial expertise is well known and respected throughout
the automotive industry and his broad based business achievements in finance
and industry are matched by his reputation of being an excellent team player
and strong communicator," said D. Campbell Deacon, Chairman of Azure Dynamics.
"Jim's financial expertise and international business experience will be of
real benefit to the Board and management as Azure continues to aggressively
penetrate commercial markets this year."
    "Azure Dynamics is poised to be a major player and a successful
competitor in the emerging market for hybrid electric and electric commercial
vehicles," Gouin said. "They have perfected their technologies, are
capitalizing on their target markets such as delivery vans and shuttle buses,
and have the right executive team in place to maximize the outstanding growth
opportunities they are currently experiencing."
    Gouin's extensive career in the automotive industry started in 1979 when
he joined Ford as an analyst in the engine division. During his 28 year Ford
career, Gouin served in a number of senior management positions including:
Vice President, Controller, Chief Accounting Officer during the company's
first year of Sarbanes-Oxley compliance and Chief Financial Officer of North
American Operations. His last position with Ford was as Vice President, CFO,
Strategy & Business Development of International Operations.
    Gouin holds a Bachelors of Science in Business Administration from the
Detroit Institute of Technology, an MBA in Finance from the University of
Detroit/Mercy and an Accounting Diploma from St. Clair College, Windsor,
Ontario. Gouin currently serves as a member of the Board of Directors and
Treasurer of Vista Maria, a Detroit based, non-profit organization dedicated
to the survival and education of troubled young women and also acts as a
member on the Board of Trustees and Executive and Finance Committee of the
University of Detroit/Mercy. Gouin was formerly a member of the Board of
Directors for Volvo Car Corporation in Goteborg, Sweden from 2003-2007 and
Ford Motor Credit Corporation from 2005-2007.
    There is no other information pursuant to the appointment of Mr. Gouin (48)
which is required to be disclosed under Schedule Two, Annex III (g) of the AIM Rules.

    About Azure Dynamics
    --------------------
    Azure Dynamics Corporation (TSX: AZD) (LSE: ADC) 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 various 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 www.azuredynamics.com.

    The TSX and LSE Exchanges do not accept responsibility for the adequacy
    or accuracy of this release.

    Forward-looking Statements

    This press release contains forward-looking statements. More
particularly, this press release contains statements concerning Azure's
business development strategy, projected commercial revenues and product
deliveries.
    The forward-looking statements are based on certain key expectations and
assumptions made by Azure, including expectations and assumptions concerning
achievement of current timetables for development programs, target market
acceptance of Azure's products, current and new product performance,
availability and cost of labour and expertise, and evolving markets for power
for transportation vehicles.
    Although Azure believes that the expectations and assumptions on which
the forward-looking statements are based 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
inherent risks and uncertainties. Actual results could differ materially from
those currently anticipated due to a number of factors and risks. These
include, but are not limited to, the risks associated with Azure's early stage
of development, lack of product revenues and history of losses, requirements
for additional financing, uncertainty as to commercial viability, uncertainty
as to product development and commercialization milestones being met,
uncertainty as to the market for Azure's products and unproven acceptance of
Azure's technology, competition for capital, product market and personnel,
uncertainty as to target markets, dependence upon third parties, changes in
environmental laws or policies, uncertainty as to patent and proprietary
rights, availability of management and key personnel, and acquisition
integration risk. These risks are set out in more detail in Azure's annual
information form which can be accessed at 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.


For further information: Ryan Carr, Chief Financial Officer, (248) 298-2403
ext 1206, Email: rcarr(at)azuredynamics.com; Bruce G. MacDonald,

Liebler!MacDonald, (248) 233-8062, Email: bmacd(at)liemac.com; David Poutney,

Stuart Skinner, Richard Kenny, Tel: +44 207 260 1000, Numis Securities Limited,

Nominated Adviser to the Company

(AZD. ADC)


 



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