OAK PARK, MI, Aug. 14 /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 it has signed Sales & Service agreements with two additional Ford
dealerships: Northside Ford in San Antonio, TX and Carmenita Ford in Los
"These additional dealerships are exceptionally well-suited to represent
Azure. They boast deep roots in the markets they serve, together with long
standing relationships with customers in the local, state and federal
government," said Jay Sandler, Azure Dynamics' Vice President of Sales.
"Moreover, as we continue to grow our dealer business, we have been
seeking an experienced sales executive to support our team and provide
strategic counsel and we've found that with Ray Crews," continued Sandler.
Ray Crews, a former Ford Motor Company Commercial Fleet Sales Manager,
will be assisting the Azure sales team in its effort to enroll Ford
dealerships in key markets across the United States. Crews retired from Ford
in 1999 as the Commercial Fleet Truck Sales Manager for North American Fleet
Operations. Prior to that, he served as the National Fleet Sales Manager for
the Ford Heavy Truck Division.
The new dealership agreements are part of Azure's effort to enlist
approximately 50 dealers over the next year in major metro markets in the
United States and Canada to broaden its distribution network for its
Balance(TM) Hybrid Electric Vehicle. The dealerships will maintain inventory
of ready to deliver Cube Vans and Walk-in Vans equipped with Azure's
Balance(TM) Hybrid Electric powertrains. These two newly signed dealerships
are located in the high volume markets of San Antonio and Los Angeles.
The Balance(TM) Hybrid Electric system is integrated on Ford's E450
Cutaway and Strip Chassis drive system utilizes a conventional 5.4 liter
Triton gasoline engine and the 5-speed automatic TorqShift transmission. The
hybrid powertrain features electric-launch assist, engine-off at idle and at
below 20 miles per hour, while electronically supporting key ancillary
functions like air conditioning, power steering and braking. The powertrain
can improve fuel economy by up to 40%, while reducing carbon emission by up to
30% in city conditions.
For more information about Azure Dynamics and its family of hybrid
electric and electric commercial vehicles, please visit www.azuredynamics.com.
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 www.azuredynamics.com.
The TSX and LSE Exchanges do 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
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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
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as of the date hereof and Azure undertakes no obligation to update publicly or
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