Azure Dynamics signs new agreements with eight Ford dealerships



    OAK PARK, MI, Oct. 29 /CNW/ - Azure Dynamics Corporation (TSX: AZD, LSE:
ADC & OTCQX: AZDDF) - ("Azure" or the "Company"), a leading developer of
hybrid electric and electric powertrains for commercial vehicles, announced
today it has signed Sales & Service agreements with eight additional Ford
dealerships to represent Azure's innovative Balance(TM) Hybrid Electric
commercial truck. This brings the total number of dealerships to fourteen
since the enrollment program began in June. The new dealerships are:

    
    -   Badger Truck Center, Milwaukee, WI;
    -   Boyer Ford Trucks, Minneapolis, MN;
    -   Grande Ford, San Antonio, TX;
    -   Northside Truck and Equipment, Portland, OR;
    -   Sherway Ford, Toronto, ON;
    -   Sopp Ford, Los Angeles, CA;
    -   Tuttle Click Ford, Irvine, CA;
    -   Minuteman Trucks Inc., Walpole, MA.
    

    "These new partners are all highly regarded and influential commercial
truck retailers in the major metro markets they serve," said Jay Sandler,
Azure Dynamics' Vice President of Sales. "We're thrilled to have them on
board."
    The new dealership agreements are the result of Azure's effort to enlist
approximately 50 dealers in major markets in the U.S. and Canada to broaden
Azure's distribution network for its Balance(TM) Hybrid Electric. The
dealerships will maintain inventory of ready-to-deliver Cube Vans and Walk-in
Vans equipped with Azure's hybrid electric powertrains.
    Tim Blide, General Manager at Boyer Trucks, commented on the partnership
with Azure, "Boyer Ford is very enthusiastic about carrying the Azure hybrid
vehicle line. Our partnership with Azure puts us at the forefront of
alternative fuel vehicle options providing our customers with advanced
technology to help them lower their cost structure while also contributing to
a cleaner, greener environment. We think the product will do very well in the
markets we serve."
    The Balance(TM) Hybrid Electric system is integrated on Ford's E450
Cutaway and Strip Chassis drive system and utilizes a conventional 5.4 liter
Triton gasoline engine and 5-speed automatic TorqShift transmission. The
hybrid powertrain features electric-launch up to 20 mph, and engine-off at
idle, while electronically supporting key ancillary functions like air
conditioning, power steering and braking. The powertrain can improve fuel
economy by up to 40%, while reducing carbon emissions up to 30% in city
conditions.
    For more information about Azure Dynamics and its family of hybrid
electric and electric commercial vehicles, please visit www.azuredynamics.com.

    About Azure Dynamics

    Azure Dynamics Corporation (TSX: AZD) (LSE: ADC) (OTCQX: 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 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: ON AZURE, CONTACT: Jay Sandler - Vice President
- Sales, (248) 298-2403 ext 1205, Email: jsandler@azuredynamics.com; Ryan
Carr, Chief Financial Officer, (248) 298-2403, Email: rcarr@azuredynamics.com;
Pat Liebler, Liebler!MacDonald, (313) 832-4376, Email: pat@lieblergroup.com

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