Re Contract
18 Setembro 2008 - 11:00AM
UK Regulatory
Azure Dynamics receives order from a major baking industry fleet for balance
hybrid electric vehicles
OAK PARK, MI, Sept. 18 /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 received an order from one of the largest baking companies in the
USA for two Balance(TM) Hybrid Electric Ford E-450 Walk In Vans. The new
orders represent the 145th and 146th Balance(TM) Hybrid Electric sales since
their launch in May 2008.
"This sale is another milestone for Azure Dynamics. This is the first
purchase of hybrid electric route delivery trucks by the baking industry in
North America," said Scott Harrison, Azure's Chief Executive Officer. "This
order, along with the previous 144 Balance(TM) Hybrid Electric orders, again
demonstrates the depth and functionality of Azure's parallel hybrid system,
and also validates the broad application of our technology across various
industries."
"Bakers are facing record input costs - both commodities and fuel," said
Robert Mackie, President of the American Bakers Association. "As an industry
with the fourth largest fleet of vehicles in the country, we are exploring a
multitude of new technologies that will allow us to deliver the freshest
possible products in the most cost effective manner. The new hybrid
technologies have exciting potential to accomplish these important goals."
With soaring fuel costs, many forward-looking companies are taking
innovative approaches to lower the operating costs of their route delivery
trucks by using Azure's Balance(TM) Hybrid Electric Technology. The technology
improves fuel economy by up to 40%, while reducing the carbon foot print by
approximately 30%, creating a significant positive impact on the environment
and air quality. In addition, Azure's Balance(TM) Hybrid Electric technology
reduces vehicle maintenance costs by approximately 30% thereby further
reducing the overall fleet operating costs.
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: 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)
END
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