OAK PARK, MI, Aug. 20 /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 its shuttle buses will service
student and faculty needs at both the College of Staten Island and the
University of Fairfield. The two CitiBuses will be delivered in late September
for the fall semester.
"We believe that our CitiBuses will be welcomed additions to campus life
at the two schools," said Jay Sandler, Azure Dynamics Vice President of Sales.
"Students will have access to our innovative transportation technology that
reduces emissions thereby protecting air quality at the serene campus
locations. The schools will also benefit from the hybrid electric drive
train's reduced fuel usage and lower maintenance costs."
The College of Staten Island is working to set a green example for its
community. The College is working with the New York Power Authority for grant
money to aide in its purchase of the Azure CitiBus.
"We support the college's effort in securing grant money to help offset
the cost of the hybrid electric shuttle," said Sandler. "Our vehicles have a
demonstrable payback. Under typical operating conditions, and depending on the
variable cost of fuel, our products can offer a return on investment in
approximately four years. The average lifecycle of a shuttle bus is closer to
twelve years, making a compelling economic case for our technology independent
of incentive and grant contributions."
The second CitiBus will be delivered to J & R Tours which will manage the
bus on behalf of the University of Fairfield in Fairfield, Connecticut.
Fairfield's campus spans 200 rolling acres just one hour from New York City
and minutes from Long Island Sound. The University's administration is eager
to add the convenience of a new campus shuttle while safeguarding its air
Arcola Bus Sales in Carlstadt, New Jersey, managed both sales. For over a
quarter of a century, Arcola has been providing solutions for virtually every
type of transportation and mobility need. Arcola Bus Sales is one of the
largest mini-bus distributors in the country and represent the nation's
premier vehicle manufacturers.
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 x1205, 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,