Azure Dynamics and Collins Bus team up for hybrid electric school buses



    OAK PARK, MI, April 9 /CNW/ - Azure Dynamics Corporation (TSX: AZD & LSE:
ADC) - ("Azure" or the "Company"), a leading developer of hybrid electric and
electric technologies for commercial vehicles, announced today an exclusive
partnership with Collins Bus Corporation of South Hutchinson, Kansas. The
agreement allows Collins' network of distributors and customers to specify
Azure's Balance(TM) Hybrid Electric technology on their Type A school bus
orders. Type A school buses can typically transport between 14 and 30
passengers.
    With over 40 years experience, Collins is the largest manufacturer of
small school buses in North America. The new partnership will allow Collins to
offer Azure's proprietary Balance(TM) Hybrid Electric drivetrain as an option
on school buses built on Ford's E-450 chassis. Azure's Balance(TM) Hybrid
Electric drivetrain can achieve up to 40% increase in fuel economy, while
reducing maintenance costs by 30%. Importantly, the Azure technology also
reduces harmful greenhouse emissions by up to 30%. This opportunity to improve
air quality, especially with children nearby, is an attractive feature to many
school systems.
    "Collins represents an ideal partner for Azure and furthers our goal of
developing relationships with key industry leaders," said Scott Harrison,
Azure's Chief Executive Officer. "Type A school buses are especially prevalent
in urban school fleets where they make frequent starts and stops and spend
significant time idling. These characteristics are all part of Azure's
technology focus, so Collins customers will experience significant return on
investment."
    "Our distributors and customers are asking for a hybrid bus alternative,"
said Kent Tyler, Collins Bus President. "Azure has a federally approved bus
application on the Ford E-450 chassis, so we will be the only Type A bus
provider that offers all of the advantages associated with a hybrid
derivative. Azure says that hybrid electric technology is 'part of the
solution' and we are thrilled to be delivering this solution into the school
bus market."
    School buses typically have frequent starts and stops and significant
idle time picking up and dropping off children and while waiting in the queue.
The Azure technology will help to significantly reduce fuel usage and
emissions under these conditions.
    Collins sells buses under both the Collins and Mid Bus brands in the
United States and as Corbeil in Canada. The company has a developed network of
distributors that serve its key markets and customers.
    The Azure technology mated to the Ford E-450 chassis has undergone
significant durability testing to be eligible for school bus programs. Azure
technology is currently operating in major vehicle fleets in both the United
States and Canada.

    About Azure Dynamics

    Azure Dynamics Corporation (TSX: AZD) (LSE: ADC) 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 Collins Bus Corporation

    Collins Bus Corporation, a subsidiary of Collins Industries Inc., is a
leading manufacturer of ambulances (including medical attack vehicles, rescue
vehicles and fire emergency vehicles), North America's largest producer of
Type "A" small school buses, the nation's second largest manufacturer of
terminal trucks, and a leader in the road construction and industrial sweeper
markets. Collins Industries, Inc. sells its products throughout North America
and abroad. For more information please visit www.collinsbus.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:

For further information: FOR MORE INFORMATION ON AZURE, CONTACT Jay
Sandler - Vice President - Sales, (248) 298-2403 ext 1205, Email:
jsandler@azuredynamics.com; Patrick Liebler, Liebler Group, (313) 832-4376,
Email: pat@lieblergroup.com

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