Federal Agencies Now Authorized to Order Azure Dynamics' EV Van Directly From GSA
Transit Connect Electric named on 'indefinite quantity' GSA contract
award allowing federal government agencies and US Armed Forces to order
the pure electric, zero emission vehicles via Northside Ford in San
The GSA award is a four year contract consisting of a base year and
three one year options extending through August 31, 2014.
The GSA estimates the potential value of the contract award over the
four year period at more than $112 million.
Transit Connect Electric can help federal agencies reach mandated fuel
and emissions saving targets and help support President Obama's stated
goal of one million electric vehicles on US roads by 2015.
Transit Connect Electric, GSA program # GS-30F- X0073, is currently the
only EV van with a GSA award.
OAK PARK, MI, June 8, 2011 /CNW/ - Azure Dynamics Corporation (TSX: AZD)
(OTC: AZDDF) ("Azure" or the "Company"), a world leader in the
development and production of hybrid electric and electric components
and powertrain systems for commercial vehicles, announced today that
the Transit Connect Electric, the result of a collaborative effort
between Azure and Ford Motor Company, has received a GSA Contract Award
allowing U.S. government agencies, affiliated companies and military
installations to purchase the innovative, efficient all electric van.
The 'Indefinite Delivery, Indefinite Quantity' (IDIQ) award is a four
year contract consisting of a base year ending August 31, 2011 and
three one year options, exercisable by the government, that extend the
contract through August 31, 2014. The GSA estimates the value of the
contract over the four year period at more than $112 million. The
contract is administered through Brasada Ford LTD., (d/b/a Northside
Ford) in San Antonio, TX.
"We are extremely pleased that the Transit Connect Electric has received
the GSA Contract Award, which is the first and most important step for
government-related vehicle fleets to purchase this innovative EV van,"
said Scott Harrison, Azure Dynamics CEO. "As fuel prices continue to
rise to near-record levels, the federal government's leadership in
advancing alternative powered vehicles like Transit Connect Electric,
will be critical to helping the government meet its goal of one million
EV vehicles on the road by 2015," said Harrison.
GSA is an important instrument in support of the Administration's
initiative that all new cars and trucks purchased by the federal
government starting in 2015 will be hybrids, electric vehicles or other
alternative-fuel vehicles. The government operates a fleet of more
than 600,000 vehicles, purchasing approximately 60,000 to 70,000 new
GSA clearly points out that its estimated $112 million contract value
over the four year period is neither an indication of future sales, nor
a guarantee of actual sales. This GSA award serves as a channel for
potential future government orders. Transit Connect Electric will be
available through GSA beginning this month for immediate ordering.
Northside Ford will administer the sales and fulfillment activities
associated with the GSA award. Northside Ford has 18 years of history
selling vehicles to the government.
"The government is aggressively supporting electric vehicles like the
Transit Connect Electric," said Don Cote, Northside's Government Sales
Director. "The Ford Transit Connect Electric, offering low operating
costs and zero tailpipe emissions, is a versatile product that can
serve a myriad of government fleet needs in urban, suburban or campus
environments. It has great potential as a non-tactical van for work
within the Armed Services."
A unique combination of car-like driving dynamics, substantial payload
capacity and low operating costs are characteristics that make the
Transit Connect Electric van an ideal choice for federal agencies
looking to support federal mandates calling for the reduction of
petroleum usage and decreased greenhouse emissions.
For more information on purchasing Transit Connect Electric via the GSA
Award, contact Don Cote, Government & Fleet Director at Northside Ford
at (210) 477-3435. The GSA contract number for the Transit Connect
Electric program is GS-30F- X0073.
For more information on how Azure Dynamics products are Driving a World
of Difference, please visit www.azuredynamics.com.
What is a GSA Contract Award?
GSA stands for the General Services Administration which is a
centralized authority for the acquisition and management of federal
government resources. GSA Contracts are indefinite delivery, indefinite
quantity (IDIQ), long-term contracts under the General Services
Administration's Multiple Award Schedule (MAS) Program. GSA Contract
Awards were developed to assist federal employees in purchasing
products and services, and contain pre-negotiated prices, delivery
terms, warranties, and other terms and conditions. To view the Transit
Connect Electric GSA Award go to: https://www.fbo.gov/?s=opportunity&mode=form&id=f9c9e24ecf4be6616865a302bba1187d&tab=core&_cview=1
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 a variety of
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 Advisory
Certain information included in this press release constitutes
forward-looking statements and information and future-oriented
financial information under applicable securities legislation and is
provided for the purpose of expressing management's current
expectations and plans for the future. Readers are cautioned that
reliance on such information may not be appropriate for other purposes,
such as making investment decisions.
More particularly, this press release contains statements concerning
Azure's anticipated: GSA Contract Award with Northside Ford for the
Transit Connect Electric and the GSA's estimate of contract value of
$112 million over a four year period, which is neither an indication of
future sales, nor a guarantee of actual sales, business development
strategy, customer orders, product deliveries, sales, revenue and
revenue growth. The forward-looking statements are based on a number of
key expectations and assumptions made by Azure, including expectations
and assumptions concerning achievement of current timetables for
development programs and sales, 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
used to develop the forward-looking statements are reasonable, undue
reliance should not be placed on the forward-looking statements because
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by their very nature they involve numerous risks and uncertainties that
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forward-looking statements will not occur and that actual performance
or results could differ materially from those anticipated in the
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SOURCE Azure Dynamics Corporation
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