Attention Business Editors:
Con Edison of New York orders hybrid electric trucks from Azure Dynamics

    OAK PARK, MI, Aug. 28 /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 that it has received an initial order for three units from Con Edison of
New York for its Balance(TM) Hybrid Electric system integrated on Ford's E450
chassis.
    Jay Sandler, Azure's Vice President of Sales commented, "This commitment
from a leading utility like Con Edison further demonstrates the versatility
and broad application of our hybrid electric solution. The environmental
benefits derived from the Balance(TM) Hybrid Electric vehicle provides a clear
statement that Con Edison is taking a lead role in greenhouse gas reductions."
    "Con Edison is committed to reducing its carbon foot-print by using
hybrid vehicles and other innovative transportation technologies," said
Kenneth P. Jack Jr., General Manager of Transportation at Con Edison and
Orange and Rockland. "Part of our strategy is to steadily replace our trucks
with technology such as Azure's; reducing our dependency on petroleum-based
fuels, improving New York's air quality and meeting the challenges associated
with climate change."
    The Azure Balance(TM) Hybrid Electric system specified by Con Edison has
unique attributes like engine-off at idle and at below 20 miles per hour,
while electronically supporting key ancillary functions like air conditioning,
power steering and braking. The powertrain, with a Ford 5.4L engine, can
improve fuel economy by up to 40%, while reducing carbon emission by up to 30%
in city conditions. The powertrain also offers a significant reduction in
maintenance costs including up to 75% reduction in brake maintenance versus
conventionally equipped competitors.

    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, contact: 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;
Stuart Skinner, Richard Kenny, Tel: +44 207 260 1000, Numis Securities
Limited as Nominated Adviser to the Company; David Poutney,
Tel: +44 207 260 1000, Numis Securities Limited as Broker to the Company
(ADC)



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