OAK PARK, MI, Aug. 25 /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 that it has sold five Balance(TM)
Hybrid Electric buses to Votran, the transit entity for Volusia County,
Florida. Votran is managed by the national firm McDonald Transit Associates,
Inc. The Votran specified vehicles utilized a 22 foot Turtle Top Odyssey body
and are flexible enough to accommodate 14 passengers or four wheelchairs or
various combinations of the two. Votran expects delivery in the fourth quarter
2009 and will integrate the buses into its county-wide paratransit service.
"We were able to use FTA stimulus funds to cover 100% of the cost of the
vehicles," said Ken Fischer, McDonald Transit General Manager at Votran.
"These are our first hybrid electric vehicles and we're excited to put them
into service. McDonald Transit manages numerous vehicle fleets across the
nation and is actively pursuing hybrid electric and other alternative energy
technologies. We hope to lower operational costs and greenhouse emissions
while continuing to provide reliable, predictable service for our customers
across the nation."
"Volusia County includes Daytona Beach and stretches to suburban
Orlando," continued Fischer. "People choose to live and vacation here for our
incredible natural resources, so it is important that we do everything within
our power to protect our shared environment. The Azure Balance(TM) Hybrid
Electric buses are part of the solution."
Jay Sandler, Azure Dynamics VP of Sales, said, "We're thrilled that our
buses will service the needs of Voltran and McDonald Transit passengers.
Azure's Balance(TM) Hybrid Electric is the ideal solution for transit
providers who are trying to make an environmentally conscious statement while
also reaping the cost rewards associated with our technology."
The Azure Balance(TM) Hybrid Electric system specified by Votran has
unique attributes like engine-off at idle and at below 20 miles per hour,
while electronically supporting key ancillary functions like air conditioning,
power steering and braking. The drive train, with a Ford 5.4L engine, can
improve fuel economy considerably while reducing carbon emission by up to 30%
in city conditions. The drive train also offers a significant reduction in
maintenance costs including up to 75% reduction in brake maintenance versus
conventionally equipped competitors.
McDonald Transit provides management services at 30 locations in 16
states. First Class Coach Sales of Orlando managed the sale. First Class Coach
has been named the Turtle Top dealer of the year several times.
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: Jay Sandler, Vice President - Sales, (248)
298-2403 x1205, Email: firstname.lastname@example.org; Patrick Liebler, Liebler
Group, (248) 229-4418, Email: email@example.com