Azure Dynamics' Force Drive(TM) Powertrain Helps Power Transit Connect Electric to Prestigious International "Oko-Globe" Environmental Award

  • Ford Transit Connect Electric wins "production model with sustainability factor" award
  • "Oko-Globe" is considered a foremost international environmental award in the auto industry given by the Oko-Globe Institute in Germany
  • Transit Connect Electric combines the driving characteristics of a personal vehicle with a high utility value, zero emissions and low operating costs

OAK PARK, MI, Sept. 15, 2011 /CNW/ - Azure Dynamics Corporation (TSX: AZD)(OTC: AZDDF) ("Azure" or the "Company"), a world leader in the development and production of hybrid electric and electric components and powertrain systems for light and medium duty commercial vehicles, announced today that the Ford Transit Connect Electric, powered by Azure's patented Force DriveTM electric powertrain, was named winner of the prestigious "Oko-Globe" (translated as "Eco Globe") environmental award.  The "Oko-Globe," presented by the Oko-Globe Institute at the University of Duisburg-Essen, is considered among the foremost international environmental award in the auto industry.

"This award is a real coup for the Transit Connect Electric and tangible recognition of the innovation and environmental benefits provided by Azure's Force DriveTM system," said Scott Harrison, Azure's CEO. "More and more customers are demanding cleaner, more efficient power for their fleets.  Combined with the car-like driving characteristics and reduced operating costs, Transit Connect Electric is an ideal product for them and the Oko-Globe award is an added testimony to its built-in environmental benefits."

This is the fifth consecutive year a Ford platform has won an Oko-Globe award.  "We are indeed delighted about this renewed award," said Bernhard Mattes, Chairman of Ford GmbH.  "Electric power is generally a better value for the money than a tank full of premium fuel or diesel….This makes Transit Connect Electric the ideal choice for clients who want to reduce their costs and at the same time make a lasting contribution to the environment."

To create the Transit Connect Electric, Azure integrates its proven Force DriveTM electric powertrain into the award-winning Ford Transit Connect. Utilizing an advanced lithium-ion battery, Transit Connect Electric can achieve a range of up to 80-130KM/50-80 miles on a single charge and has a load capacity of 500kgs.

The Transit Connect Electric powertrain provides powerful benefits for commercial vehicle users who have drive cycles that often include predictable, short range routes with frequent stop/start driving in city/urban environments.

About Azure Dynamics
Azure Dynamics Corporation (TSX: AZD)(OTC: 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 a variety of 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 Exchange does not accept responsibility for the adequacy or accuracy of this release.

# # #

Forward-Looking Statements Advisory

Certain information included in this press release constitutes forward-looking statements and information and future-oriented financial information under applicable securities legislation and is provided for the purpose of expressing management's current expectations and plans for the future.  Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.

More particularly, this press release contains statements concerning Azure's anticipated: business development strategy, customer orders, product deliveries, sales, revenue and revenue growth. The forward-looking statements are based on a number of key expectations and assumptions made by Azure, including expectations and assumptions concerning achievement of current timetables for development programs and sales, target market acceptance of Azure's products, current and new product performance, availability and cost of labor and expertise, and evolving markets for power for transportation vehicles. Although Azure believes that the expectations and assumptions used to develop the forward-looking statements 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 numerous risks and uncertainties that contribute to the possibility that the projections and forecasts in the forward-looking statements will not occur and that actual performance or results could differ materially from those anticipated in the forward-looking statements. These risks and uncertainties include, but are not limited to, the risks associated with Azure's stage of development, history of losses and lack of historical product revenues, uncertainty as to product development and sales milestones being met, product defect and performance risks, competition for capital and market share, uncertainty as to target markets, dependence upon third parties, changes in environmental laws or policies, uncertainty as to patent and proprietary rights, availability and retention of management and key personnel, exchange rate and currency fluctuations, uncertainties relating to potential delays or changes in plans with respect to product development or capital expenditures, the ability of Azure to access sufficient capital on acceptable terms, and environmental and safety risks. This is not an exhaustive list and additional information on these risks and other factors that could affect Azure's operations and financial results are included in reports on file with the Canadian securities regulatory authorities and can be accessed through the SEDAR website 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.  Additionally, Azure undertakes no obligation to comment on the expectations of, or statements made by, third parties about Azure.

SOURCE Azure Dynamics Corporation

For further information:

Juris Pagrabs, Vice President, Investor Relations, (248) 298-2403 ext 7570
Email: jpagrabs@azuredynamics.com

Patrick Liebler, Liebler Group, 248-229-4418
Email: pat@lieblergroup.com

Profil de l'entreprise

Azure Dynamics Corporation

Renseignements sur cet organisme

Auto News

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.