Azure Dynamics ships record number of units in second quarter and makes progress on key sales initiatives

    OAK PARK, MI, July 21 /CNW/ - Azure Dynamics Corporation (TSX: AZD, LSE:
ADC & OTCQX: AZDDF) - ("Azure" or the "Company"), a leading developer of
hybrid electric and electric powertrains for commercial vehicles, announced
today that it shipped a record number of units during the second quarter and
continues to gain traction on a number of key sales initiatives.
    49 hybrid electric and 37 electric vehicle systems were shipped during
the second quarter. Key deliveries were made to FedEx Express, AT&T,
Pennsylvania Department of Transportation and several others.
    In addition, a number of key sales initiatives are expected to contribute
positively to Azure's performance in the second half of 2008, including the

    -   Production has commenced on the Company's largest order to date of
        105 Balance Hybrid Electric systems for Purolator Courier Ltd.,
        Canada's largest courier company
    -   Four dealers have recently been signed up as part of the Company's
        plan to sign approximately 50 dealers over the next year in major
        metro markets in the United States and Canada. This will broaden
        Azure's distribution network for its Balance Hybrid Electric medium-
        duty trucks
    -   New fleets with over 5,000 estimated annual commercial vehicle
        purchases are either currently engaged in an active product trial or
        demonstration for the Balance Hybrid Electric, or are expected to
        enter into one during the third quarter

    Scott Harrison, Chief Executive Officer for Azure Dynamics, said "We are
seeing unprecedented demand for each of our product lines and are encouraged
by the significant number of trials underway with new customers that have
major national fleets. Thanks to exceptional efforts by all of our associates,
our Balance Hybrid Electric system launched this past May. Our product is
performing well and we are providing exceptional value to our customers in the
course of executing on our business plan."
    For more information about Azure Dynamics and its family of hybrid
electric and electric commercial vehicles, please visit

    About Azure Dynamics

    Azure Dynamics Corporation (TSX: AZD) (LSE: ADC) (OTCQX: 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

    The TSX and LSE Exchanges do 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, Email:; Pat Liebler, Liebler!MacDonald,
(313) 832-4376, Email:

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