Azure Dynamics Plans Annual General Meeting In Metro Detroit

    OAK PARK, MI, May 21 /CNW/ - Azure Dynamics Corporation (TSX: AZD) -
("Azure" or the "Company"), a leading innovator in the development of
environmentally friendly and cost effective hybrid electric and electric
technologies for commercial vehicles, today announced that it will hold its
Annual General Meeting June 9, 2009 at 4:30 p.m. at Azure's corporate
headquarters, 14925 W. 11 Mile Road in Oak Park, MI 48237. The Annual General
Meeting will be led by Azure CEO Scott T. Harrison and will include a
presentation on the state of Azure's business and financial results for 2008
and the outlook for 2009.
    Following the meeting, attendees will have an opportunity to experience
select Azure products first-hand on a controlled ride and drive course. This
year's AGM will also be presented via Web Cast for those who cannot attend in
person. Full details of the Web Cast including the web address and log-in
details will be sent one week prior to the meeting.
    "Our products offer the environmental solutions that fleet operators are
demanding today," said Harrison. "We are well positioned in the market and
customers are coming to us. We think 2009 will be a good year and we have a
story that will excite our shareholders at the meeting."
    Azure, a leading developer of innovative hybrid electric and electric
technologies for commercial vehicles, is a leader in the engineering and
development of drive train solutions that provide up to 40% improvement in
fuel economy, 30% savings in maintenance costs and a 30% reduction in
greenhouse gas emissions.
    For more information, 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.

    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
    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
    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: Ryan Carr, Chief Financial Officer, (248)
298-2403 ext 1206, Email:; Pat Liebler, Liebler Group,
(313) 832-4376, Email:

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