ADC Azure Dyn

    Azure Dynamics signs three additional Sales & Service agreements with Ford
dealerships

    OAK PARK, MI, July 8 /CNW/ - Azure Dynamics Corporation (TSX: AZD, LSE:
ADC & OTCQX: AZDDF) - ("Azure" or the "Company"), a leading developer of
hybrid electric and electric powertrains for commercial vehicles, announced
today it has signed three additional Sales & Service agreements with Ford
dealerships. Agreements have been signed with Valley Ford Trucks in Cleveland,
Ohio; East Bay Ford Trucks in Oakland, California and Mission Valley Ford
Trucks in San Jose, California. The agreements are part of the company's plan
to sign approximately 50 dealers over the next year in major metro markets in
the United States and Canada to broaden its distribution network for its
Balance Hybrid Electric Vehicle.
    These dealerships will maintain inventory of ready to deliver Cube Vans
and Walk in Vans equipped with Azure's Balance Hybrid Electric powertrains.
    The Balance Hybrid Electric system is integrated on Ford's E450 Cutaway
and Strip Chassis drive system utilizing a conventional 5.4 litre Triton
gasoline engine and the 5-speed automatic TorqShift transmission. The hybrid
powertrain features electric-launch assist, engine-off at idle and
regenerative braking improving the vehicle's fuel economy by up to 40 percent,
reducing maintenance cost by up to 30 percent and minimizing greenhouse gas
emissions.
    "We are excited to add three more dealerships to our rapidly expanding
distribution network," said Jay Sandler, Vice President of Sales for Azure
Dynamics. "Each of these dealerships is a highly-regarded commercial vehicle
specialist that understands the growing demand for more fuel efficient, low
maintenance and environmentally friendly commercial vehicles like the Azure
Balance Hybrid Electric vehicle."
    For more information about Azure Dynamics and its family of hybrid
electric and electric commercial vehicles, please visit www.azuredynamics.com.

    About Azure Dynamics

    Azure Dynamics Corporation (TSX: AZD) (LSE: ADC) (OTCQX: AZDDF) 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: ON AZURE: Ryan Carr, Chief Financial Officer (248)
298-2403, Email: rcarr(at)azuredynamics.com; Pat Liebler, Liebler!MacDonald,
(313) 832-4376, Email: pat(at)lieblergroup.com; David Poutney, Stuart Skinner,
Richard Kenny, Tel: +44 207 260 1000, Numis Securities Limited, Nominated
Adviser to the Company; Brian O'Donnell, Valley Ford Truck, Inc., (216)
695-7221, Email: bod(at)valley2.com; Ken Lalanne, East Bay, (510) 272-4400;
Kyle Fujimoto, Mission Valley, (408) 933-2300
(AZD. ADC.)

 



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