Statement re Orders for LEEP(TM) Freeze system
09 Outubro 2008 - 2:00PM
UK Regulatory
Azure Dynamics LEEP(TM) Freeze system and Kidron UltraTemp - "The hottest
technology in cold transport"
OAK PARK, MI, Oct. 9 /CNW/ - Azure Dynamics Corporation (TSX: AZD, LSE:
ADC & OTCQX: AZDDF) - ("Azure" or the "Company"), a leading developer of
hybrid electric and electric technologies for commercial vehicles announced
today it has received six orders for its Low Emission Electric Power
(LEEP(TM) Freeze) system. Azure's LEEP(TM) Freeze system will be mated to a
Kidron UltraTemp system to provide a transport refrigeration solution for
Buchy Food Service in Greenville, Ohio.
The LEEP(TM) Freeze system can be plugged into the grid for off-duty
charging. It can also draw and store energy directly from the vehicle's
primary combustion engine during normal driving. The LEEP(TM) Freeze and
UltraTemp system applies energy to the refrigeration system even if the
vehicle engine is off and it offers quieter operation and reduced emissions.
"Our LEEP(TM) Freeze system provides clean electric power to supply
auxiliary vehicle systems like cold storage or aerial lifts," said Scott
Harrison, Azure's Chief Executive Officer. "By partnering with Kidron, we can
offer Buchy significant improvements in fuel efficiency and a reduction in
emissions while at the same time providing dependable transport refrigeration
and cold storage product protection."
"We chose Azure's LEEP(TM) Freeze system to power our UltraTemp
refrigeration system as it is a proven technology that has undergone
significant testing, including highly sensitive military applications," said
John Sommer, Jr, Kidron's Sales and Marketing Manager. "We are actively
marketing the UltraTemp. Unlike other refrigeration technologies that can
unexpectedly shut down, our cold plate technology with LEEP(TM) Freeze can
maintain cold temperatures even if the vehicle itself malfunctions. And,
product protection is what cold transport is all about. Meanwhile, this
technology extends delivery runtime and reduces operational costs associated
with fuel and maintenance."
UltraTemp with LEEP(TM) Freeze can save up to six gallons of fuel per
hour. Therefore, if a food service company operates a truck for seven years
and hauls chilled product 52 weeks a year over five 10-hour delivery days per
week, the system can offer a lifecycle savings of $46,482 (assumes diesel fuel
at $4.50 per gallon).
"We've been in business for 130 years and understand what it takes to be
successful," said John Buchy, Buchy Food Service. "On the logistics side, we
need to keep costs down while providing timely, reliable and predictable
deliveries. The UltraTemp with LEEP(TM) Freeze technology gives us the peace
of mind we need. At Buchy, we utilize environmentally friendly technologies
whenever possible. We're from Greenville, after all."
The Buchy Food trucks were ordered through Penske Truck Leasing. Penske
offers innovative transportation solutions that help fleet operators improve
productivity. Penske is a proud supporter and participant in the Environmental
Protection Agency's (EPA) "SmartWay" transport partnership. The UltraTemp
combined with LEEP(TM) Freeze technology used on the Buchy trucks provided by
Penske reduce C02 emissions by over 26,000 pounds annually compared to an
engine-driven mechanical refrigerating system.
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: Jay Sandler - Vice President -
Sales, (248) 298-2403 ext 1205, Email: jsandler(at)azuredynamics.com; 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
(AZD. ADC)
END
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