Azure Dynamics signs Florida Power & Light as fourth lead customer for parallel hybrid



    OAK PARK, MI, Dec. 18 /CNW/ - Azure Dynamics Corporation (TSX: AZD &
LSE: ADC) ("Azure" or the "Company"), a leading developer of hybrid electric
and electric powertrains for commercial vehicles is pleased to announce it has
signed a commercial development and cooperation agreement with Florida Power
and Light ("FPL"), a wholly owned subsidiary of FPL Group (NYSE:   FPL). Azure
will deliver a gasoline parallel hybrid electric Ford E-450 based vehicle for
industry viability validation, testing and demonstration within the FPL fleet.
    Scott Harrison, Azure's Chief Executive Officer said, "Florida Power and
Light continue to show their environmental leadership by working with Azure to
test and verify the environmental and economic benefits of hybrid drive
technology." Mr. Harrison went on to say, "Adding a utility with the national
reputation of FPL verifies the versatility and broad application of our hybrid
electric Ford E-450 based solution. We couldn't be more pleased to have them
on-board as our fourth lead customer."
    The parallel hybrid electric demonstration vehicle will be used to verify
the fuel economy improvements, emissions reductions and maintenance cost
savings that can be achieved using Azure's patented technology. Successful
completion of the program will result in the company becoming a lead customer
for Azure's hybrid technology on the Ford E-450 chassis. FPL currently runs a
fleet of approximately 3,400 vehicles.

    About FPL Group

    FPL Group, with annual revenues of nearly $16 billion, is nationally
known as a high quality, efficient, and customer-driven organization focused
on energy-related products and services. With a growing presence in 27 states,
it is widely recognized as one of the country's premier power companies. Its
principal subsidiary, Florida Power & Light Company, serves 4.5 million
customer accounts in Florida. FPL Energy, LLC, an FPL Group competitive energy
subsidiary, is a leader in producing electricity from clean and renewable
fuels. For more information please visit www.FPLGroup.com.

    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.

    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: Mark Federle, Senior Vice President, Sales,
(781) 932-9009, Email: mfederle@azuredynamics.com; Daniel Renzella, Chief
Financial Officer, (781) 932-9009, Email: drenzella@azuredynamics.com

Organization Profile

AZURE DYNAMICS CORPORATION

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890