OAK PARK, MI, June 2 /CNW/ - Azure Dynamics Corporation (TSX: AZD) -
("Azure") or (the "Company"), a leading developer of state-of-the-art green
technologies that address environmental and cost issues for the commercial
transportation industry, today announced a partnership with Champion Bus. The
agreement allows Champion Bus customers and dealers the option to select
Azure's Balance(TM) Hybrid Electric Drivetrain System in Ford E-450 Shuttle
Buses they order from Champion.
"With Champion, we add another significant and well-regarded builder in
the bus body sector to our growing roster of distributors," said Jay Sandler,
Azure Dynamics' Vice President of Sales. "Our relationship gives Azure added
distribution and reach into the shuttle bus market while offering Champion
access to our efficient and environmentally friendly technologies."
Champion ordered its first Azure Balance(TM) Hybrid Electric chassis last
fall and has installed their Challenger Body on the product. The completed bus
will be displayed at the upcoming Community Transportation Association of
America (CTAA) Expo in Providence, Rhode Island during the first week of June.
The CTAA Expo is one of the largest annual events for shuttle bus
manufacturers and users.
"We're demonstrating our enthusiasm for the Azure technology by making it
our featured product at the upcoming CTAA show," said John Resnik, President
of Champion Bus. "We want to show a product that will excite the customers and
separate Champion from the other vendors. We think we have that with the new
With its electric-launch assist, engine-off at idle and regenerative
braking, the Azure Balance(TM) Hybrid Electric is ideally suited for the tough
start and stop conditions endured by shuttle buses. As a result, Champion
customers that select the Balance(TM) Hybrid Electric can expect up to 40%
improvement in fuel economy and up to 30% reduction in maintenance costs.
Importantly, the hybrid drive train also reduces greenhouse emissions by up to
30% thereby reducing the owner's carbon footprint and improving air quality.
Champion Bus is a wholly-owned subsidiary of Thor Industries, Inc., a
major builder of commercial buses.
For more information about Azure Dynamics and its products, please visit
About Azure Dynamics
Azure Dynamics Corporation (TSX: AZD) 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.
The TSX Exchange does not accept responsibility for the adequacy or
accuracy of this release.
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
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
For further information:
For further information: on Azure, contact: Jay Sandler, Vice President
- Sales, (248) 298-2403 x 1205, Email: firstname.lastname@example.org; Mike
Elwood, Vice President-Marketing, (905) 607-3486 x203, Email:
email@example.com; Patrick Liebler, Liebler Group, (248) 229-4418,