Azure Dynamics Sells 18 Transit Connect Electric Vans to Support Marketing Programs Across North America

OAK PARK, MI, April 14 /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 commercial vehicles, today announced 18 Ford Transit Connect Electric van sales, including a five unit sale to Ford Motor Company to support various engineering, marketing and demonstration programs.

"Ford has a great number of loyal commercial vehicle customers, so we're very pleased that the company will include these five Transit Connect Electric vans in its customer-facing marketing efforts," said Scott Harrison, Azure's CEO. "In addition to the fuel and maintenance efficiencies, actually experiencing the functionality and flexibility that the Transit Connect Electric offers is the best way to inform prospective customers to support sales efforts."

The Ford vehicles, ordered through Village Ford in Dearborn, MI, will be exhibited at auto shows, corporate events and in customer demonstrations.

"Electrification is a key part of Ford's overall fuel efficiency strategy and Transit Connect Electric is helping spread this message to consumers, small businesses and fleet customers," said Nancy Gioia, Global Director of Electrification, Ford Motor Company. "As interest in Transit Connect Electric continues to grow, these five vehicles will help both Azure Dynamics and Ford educate potential customers and the public on the benefits of driving an all electric vehicle."

The remaining 13 Transit Connect Electric vans were sold to a variety of Ford commercial truck dealers who will use the vehicles as customer demonstrators.  The dealers represent major metro markets from Edmonton, Alberta south to Caguas, Puerto Rico and from Richmond Virginia west to Irvine, CA.  The dealerships include:

  • Caguas Expressway Motors Inc., Caguas, Puerto Rico
  • Freedom Ford Sales Ltd., Edmonton, Alberta
  • Hansel Ford Lincoln, Santa Rosa, CA
  • Northside Ford Truck Sales Inc., Portland, OR
  • Pacifico Ford Mazda Hyundai, Philadelphia, PA
  • Phil Long Ford, Colorado Springs, CO
  • Phil Long Ford, Denver, CO
  • Richmond Ford Lincoln, Richmond, VA
  • Scarff Ford Isuzu, Auburn, WA  (2 units)
  • Serramonte Ford, Colma, CA
  • Town & Country Ford, Evansville, IN
  • Tuttle-Click Ford Lincoln Mercury, Irvine, CA

A unique combination of car-like driving dynamics, cargo capacity, maneuverability, accessibility and low operating costs are characteristics that make the Ford Transit Connect the ideal choice for electrification.  Commercial vehicle fleets are increasingly seen as the logical starting point for electric vehicles due to typical drive cycles that include travel on predictable, short-range, routes with frequent stop and go driving in tight urban or suburban environments. Commercial vehicles generally return to a central location at the end of a drive cycle making for efficient and convenient recharging over night.

The Ford Transit Connect Electric utilizes an advanced lithium-ion battery from Johnson Controls-Saft to achieve a range of 50 to 80 miles depending on auxiliary usage and drive cycle and is rechargeable using either a 240-volt or standard 120-volt outlet.  Commercial vans generally return to a central location at the end of each driving cycle making for easy overnight recharging.  Use of the vehicles will also reduce fuel and maintenance costs, as well as reducing greenhouse gas emissions.

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:

Mike Elwood, Marketing Vice President, 905-607-3486 ext 6203
Email: melwood@azuredynamics.com

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


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.