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TIDMADC 
 
Azure Dynamics' Balance(TM) Hybrid Electric shuttle bus completes rigorous 
"Altoona" durability testing 
 
    OAK PARK, MI, Jan. 29 /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, today 
announced that its revolutionary Balance(TM) Hybrid Electric shuttle bus has 
been certified by rigorous "Altoona" testing, on the Ford E-450 chassis, 
enabling purchasers of these hybrid vehicles to apply for financial assistance 
from the federal government. 
    Altoona testing subjects vehicle to a lifetime of usage in just a few 
months time at the Altoona, PA accelerated durability test center where harsh 
road conditions mimic real-world conditions endured by a commercial shuttle 
bus over a seven year, 200,000 mile cycle. 
    The successful completion of this test qualifies Ford E-450 shuttle buses 
built with Azure's Balance(TM) Hybrid Electric drive train system for Federal 
Transit Authority (FTA) programs of up to 80% funding when purchased by public 
transit agencies across the United States. In addition to FTA programs, 
Azure's Balance(TM) Hybrid Electric may qualify for up to a $3,000 US Federal 
tax credit and/or numerous individual state and agency programs. 
    The E-450 shuttle bus with Azure's Balance Hybrid System, along with 
Azure's series hybrid HD Senator CitiBus, are the only hybrid shuttle buses 
that have completed this significant Altoona durability testing. The testing 
is an important validation for the durability and engineering integrity of the 
Balance(TM) Hybrid Electric system. 
    "With the successful completion of the Altoona testing, now our municipal 
and government customers have another Azure hybrid shuttle bus option that 
qualifies for federal funding support (FTA)," Scott Harrison, Azure's Chief 
Executive Officer said. "We believe that our public transit customers share 
Azure's desire to be 'part of the solution' by providing energy efficient, 
reliable and clean transportation within our cities. With this federally 
funded program (FTA) now available, U.S. shuttle bus operators can cost 
effectively adopt an environmentally cleaner and more fuel efficient hybrid 
shuttle bus solution." 
    The Altoona test demonstrates, on an accelerated time frame, the ability 
of Azure's Balance(TM) Hybrid Electric system to withstand the rigors of 
operating in a demanding urban transit bus environment. 
    The Balance(TM) Hybrid Electric integrates Azure's proprietary technology 
onto Ford's E450 chassis. The result is a shuttle bus that provides up to a 
40% fuel consumption savings and environmental benefit of over 30% reduction 
in green house gas emissions. In addition, Azure's Balance(TM) Hybrid Electric 
technology can reduce vehicle maintenance costs by approximately 30% thereby 
further reducing overall fleet operating costs. 
    The Azure G1Series-Hybrid HD Senator CitiBus shuttle bus had previously 
completed Altoona testing in 2007. 
    Azure Dynamics Director of Fleet Sales, Mike Byers (248-298-2403 ext 1204 
or mbyers(at)azuredynamics.com), is available to help answer inquiries related 
to federal, state and/or agency financial support programs. 
 
    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. 
 
    About Altoona Bus Testing Program 
 
    The FTA New Model Bus Testing Program is designed to promote the 
production of better transit vehicles and components and to ensure that 
transit customers purchase safe vehicles able to withstand the rigors of 
transit service. The program was established in response to legislation 
included in the 1987 Surface Transportation and Uniform Relocation Assistance 
Act. This legislation required all new and modified bus models to be tested 
before being purchased with federal funds. The Altoona Bus Testing and 
Research Center was established in 1989. The Pennsylvania Transportation 
Institute ("PTI") operates and maintains the facility on behalf of FTA. PTI 
provides all management, administrative, technical and support staff, 
facilities, instrumentation, equipment, and materials necessary to test new 
bus models for maintainability, reliability, safety, performance, structural 
integrity, fuel economy, emissions, noise, and related technical support. 
 
 
    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: Jay Sandler, Vice President-Sales, (248) 298-2403, 
Email: jsandler(at)azuredynamics.com; Pat Liebler, Liebler Group, (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) 
 
 
 
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