Azure Dynamics Wins at the 24th Annual Canadian Advanced Technology Alliance Awards



    OAK PARK, MI, May 28 /CNW/ - Azure Dynamics Corporation (TSX: AZD) -
("Azure") or (the "Company"), a leading developer of innovative hybrid green
technologies that address environmental and cost issues for operators of
commercial vehicle fleets, was recently chosen as a winner at the 24th Annual
Canadian Advanced Technology Alliance (CATA) Innovation and Leadership Awards.
Azure was recognized with an 'Outstanding Product Achievement' award in the
Clean Technology category.
    "It is an honor to be recognized by the Canadian Advance Technology
Alliance for our development of clean, efficient hybrid electric technology
for the commercial transportation sector," said Mike Elwood, Azure Dynamics
Vice President of Marketing and Chair, Electric Mobility Canada. "Canada has a
very deep rooted position in the development and commercialization of advanced
transportation technologies. 'Driving a world of difference' has been the
mantra at AZD, this award is appreciated and very meaningful to everyone
connected to the company and our mission."
    The Clean Tech Award, sponsored by Gowlings, was presented to Azure for
an outstanding product achievement that has resulted in the production of a
world-class Clean Tech product or family of products. To be selected as a
winner, the product must have proven itself in operation, design and market
success and have enhanced Canada's international reputation for innovation and
excellence.
    Azure Dynamics develops hybrid electric and electric drive trains that
are primarily used for commercial delivery and shuttle bus applications. The
Azure drive train can improve fuel economy by up to 40%, while reducing carbon
emissions up to 30% in city conditions. Although commercial vehicles only
account for 12% of total miles driven in Canada, they produce roughly 25% of
all emissions. Therefore, increased usage of the Azure drive train can
significantly reduce harmful emissions across Canada.
    One of Azure's key product lines and most environmentally efficient
systems, which helped highlight the Company's recognition in the Product
Achievement category, is its Balance(TM) Hybrid Electric system. The system
utilizes a conventional 5.4 liter Triton gasoline engine and 5-speed automatic
TorqShift transmission. The hybrid drive train 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. Recently, the
Balance(TM) Hybrid Electric was purchased by prestigious Canada entities
including the City of Toronto, Purolator Courier and the University of
Alberta.
    The CATA Awards are the most prestigious annual awards conferred on
individuals and corporations by Canada's advanced technology community. They
are presented in recognition of exceptional contributions made to the creation
of science and technology-based industrial strength in Canada.
    The CATA Award marks the second recognition for Azure Dynamics in less
than a month. Previously, Scott Harrison, Azure Dynamics CEO, was recognized
and awarded The Grant Thornton Leader & Innovator of the Year by the Lawrence
Technological University. Harrison was chosen from among 46 nominees for his
efforts in advancing the Azure Dynamics product line.
    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) 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.
    

    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: Mike Elwood - Vice President
- Marketing, (905) 607-3486 ext 203, Email: melwood@azuredynamics.com; Pat
Liebler, Liebler Group, (313) 832-4376, Email: pat@lieblergroup.com

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