Purolator places record order for 600 BalanceTM Hybrid Electric units to be delivered over the next three years at 200
units per year. Purolator will operate the world's largest fleet of
Azure's BalanceTM Hybrid Electric vehicles with 955 units, including the 2011-2013
deliveries Azure Dynamics Corporation is the world's #1 provider of
hybrid electric powertrain solutions in the medium duty commercial
hybrid truck market where it controls approximately 60% market
OAK PARK, MI, Jan. 17 /CNW/ - Azure Dynamics Corporation (TSX:
AZD)(OTC:AZDDF), a world leader in the development and production of
hybrid electric and electric components and powertrain systems for
commercial vehicles, today announced that it has received a record 600
unit order from Purolator. The order is the single largest order of
hybrid electric technology for Azure Dynamics. 200 units will be
delivered in 2011 with an additional 200 units scheduled in both 2012
and 2013, subject to annual authorizations by Purolator.
"Purolator continues to be our largest volume customer and consistently
demonstrates a strong commitment to the environment by adding cleaner,
greener Azure vehicles to its fleet," said Scott Harrison, Chief
Executive Officer of Azure. "As a result of our long and mutually
beneficial relationship with Purolator, our BalanceTM Hybrid Electric volume has consistently increased allowing us to reduce
internal costs, refine our processes and implement product upgrades.
Meanwhile, Purolator's proactive fleet managers have been able to
substantially reduce tailpipe emissions, operating costs and improve
overall efficiency of their fleet. This relationship is a
manifestation of what will ultimately drive hybrid electric and
electric powertrain market share increases."
"Purolator is proud to invest in the environmental welfare of Canada,"
said Serge Viola, Director, Fleet and Ground Line Haul for Purolator.
"Still, environmental stewardship requires a balance with customer
satisfaction objectives that require predictable, on-time deliveries.
We have extensive experience with the Azure product and continued
confidence that the vehicles can perform well and meet the requirements
of our hard working fleet."
The initial allotment of 200 units will be built and delivered primarily
in the third and fourth quarters of 2011 and will be delivered to
Purolator facilities across Canada. All units will include the BalanceTM Hybrid Electric second generation architecture characterized by the
Johnson Controls-Saft lithium ion battery plus many other upgrades
designed to improve efficiency, reliability and durability. As a
result, the BalanceTM Hybrid Electric can improve fuel economy by up to 40%, while reducing
carbon emissions by up to 30% in city conditions. The drive train also
offers a significant reduction in maintenance costs versus
conventionally equipped competitors.
"Considering Purolator's extensive real-world experience operating our
BalanceTM Hybrid Electric product in its fleet, this order is an especially
rewarding product validation," said Harrison. "This order is also our
first multi-year order in the hybrid electric truck market and helps us
to build a predictable product backlog."
Purolator operates a fleet of 3,500 vehicles and is consistently rated
as one of Canada's most admired corporate cultures. In 2005, Purolator
was the first express transportation company in Canada to introduce
hybrid electric vehicles. Among the many Purolator locations receiving
new hybrid electric vehicles, 43 have been added to the Halifax and
Dartmouth fleet, making Purolator's City of Halifax fleet 100 per cent
hybrid electric. An additional 60 BalanceTM Hybrid Electric vans have been added in Guelph, while 19 have been
added in Niagara, and finally, 79 in the Greater Toronto Area.
The Azure BalanceTM Hybrid Electric vehicles ordered by Purolator are integrated on a Ford
E450 chassis with a Ford 5.4L gasoline engine. The hybrid electric
drive train features unique attributes such as engine-off at idle and
below 20 miles per hour, while electronically supporting key ancillary
functions like power steering and braking, is ideally suited for
commercial activity in urban environments.
For more information on how Azure Dynamics products are Driving a World
of Difference, please visit www.azuredynamics.com.
About Azure Dynamics
Azure Dynamics Corporation (TSX: AZD)(OTC: 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 Exchange does not accept responsibility for the adequacy or
accuracy of this release.
Purolator of Mississauga, Ontario is proud of its Canadian heritage. As
Canada's largest courier company and one of Canada's 10 Most Admired
Corporate CulturesTM (2009), Purolator is committed to its customers and over 12,500
employees, including more than 3,500 couriers. From automated solutions
to 24 hour pick up and delivery, Purolator provides customers with the
services and customized solutions required to get their shipments
across town or around the world. Purolator operates Canada's largest
dedicated air express fleet and has an extensive service network, with
over 140 operations locations, over 140 Shipping Centres, over 550
Authorized Shipping Agents and more than 350 drop boxes.
Purolator has also implemented a company-wide Quality Leadership Process
that provides the necessary framework for continuous improvement and
operational excellence. As part of its commitment to helping alleviate
hunger, Purolator also works closely with Food Banks Canada. Since
2003, Purolator has helped collect more than three million pounds of
food for local food banks across Canada. For more company information
please visit www.purolator.com.
This press release contains forward-looking statements. More
particularly, this press release contains statements concerning Azure's
business development strategy, projected commercial revenues and
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 labor 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.
SOURCE Azure Dynamics Corporation
For further information:
ON AZURE, CONTACT: