OAK PARK, MI, April 1 /CNW/ - Azure Dynamics Corporation (TSX: AZD)(OTC:
AZDDF), a world leader in the development and production of hybrid
electric and electric components and powertrain systems for commercial
vehicles, today confirmed that its products will comprise a new DHL
80-vehicle "green" fleet in Manhattan. The DHL fleet includes 50
BalanceTM Hybrid Electric powertrains to be retrofitted on existing Ford E450
chassis and 30 Transit Connect Electric vans.
The Azure-provided DHL vehicles are part of DHL's comprehensive GoGreen
program which aims at adding fuel-efficient, hybrid, electric or
aerodynamically modified vehicles to its fleet worldwide. The DHL
announcement was made by Frank Appel, Chief Executive Officer of
Deutsche Post DHL, at a press event held in New York City.
"As the DHL acquisition shows, Azure can place both its hybrid electric
and electric powertrain technologies within the same fleet to
accomplish different logistical needs," said Scott Harrison, Azure
CEO. "Our Balance TM Hybrid Electric product is already a market leader in the medium duty
hybrid commercial truck segment, and the Transit Connect Electric will
create new synergies for existing and potential clients."
The multi-million dollar investment in the modern,
environmentally-friendly Azure-powered vehicles is an integral part of
the Deutsche Post DHL Group's global GoGreen strategy, which has the
goal of improving the company's carbon efficiency worldwide by 30
percent by 2020, compared to 2007 base levels. In a large metropolitan
area like New York City, this fleet investment allows DHL to serve
customers with sustainable solutions and improved resource efficiency.
"Sustainability, especially the reduction of carbon emissions, is a
central aspect of our business and an integral part of our corporate
strategy. As the global leader in logistics we are ideally positioned
to foster climate protection in order to save our environment for
future generations," said Frank Appel, Chief Executive Officer of
Deutsche Post DHL. "As customers worldwide are increasingly demanding
greener logistics, sustainable business procedures and initiatives like
the one we are launching today will - at the same time - also enhance
the profitability of our business."
Azure had previously announced the Transit Connect Electric and BalanceTM Hybrid Electric sales to DHL, but could not name DHL as the ordering
customer at that time.
DHL's GoGreen strategy dovetails with New York City Mayor Michael R.
Bloomberg's comprehensive plan to lower carbon emissions throughout the
city. "Our investment in these new green vehicles supports a more
energy-efficient, low-emissions economy," said Ian Clough, CEO for DHL
Express U.S. "Having partnered with American companies also represents
an investment in the U.S. economy."
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.
About Deutsche Post DHL
Deutsche Post DHL is the world's leading mail and logistics services
The Deutsche Post and DHL corporate brands represent a one-of-a-kind
portfolio of logistics (DHL) and communications (Deutsche Post)
services. The Group provides its customers with both easy to use
standardized products as well as innovative and tailored solutions
ranging from dialog marketing to industrial supply chains. About
470,000 employees in more than 220 countries and territories form a
global network focused on service, quality and sustainability. With
programs in the areas of climate protection, disaster relief and
education, the Group is committed to social responsibility. In 2010,
Deutsche Post DHL revenues exceeded EUR 51 billion.
The postal service for Germany. The logistics company for the world.
For more information: www.dp-dhl.de
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
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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
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forward-looking statements will not occur and that actual performance
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additional information on these risks and other factors that could
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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
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whether as a result of new information, future events or otherwise,
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SOURCE Azure Dynamics Corporation
For further information:
Azure Dynamics Media Contacts:
Pat Liebler, Liebler Group, (313) 832-4376
Deutsche Post DHL Media Contacts:
Bea Garcia, Media Relations, +49 (0)228 182-9944