Azure Dynamics Receives Record Truck Order From Purolator Couriers
By Azure Dynamics Corporation, PRNESunday, December 13, 2009
OAK PARK, Michigan, December 14 - Azure Dynamics Corporation (TSX: AZD) - ("Azure") or (the "Company"),
a leading developer of state-of-the-art green technologies that address
environmental and cost issues for the commercial transportation
industry, announced today that Purolator Courier Ltd. ("Purolator")
has placed an order for an additional 200 Balance(TM) Hybrid Electric
delivery trucks. The 200 unit purchase is Azure's largest revenue
order to date and also the highest volume Balance(TM) Hybrid Electric order
since the product launched in the summer of 2008. The new trucks join
approximately 205 other Azure trucks already at work in Purolator's fleet.
The trucks will be delivered in 2010.
"This order represents the culmination of our Balance(TM) Hybrid Electric
efforts over the past several years," said Scott Harrison, Azure Dynamics
Chief Executive Officer. "More importantly, the order represents a catapult
into 2010 and beyond. Our product IS delivering on its promises and becoming
the preferred hybrid electric technology solution for hard working, urban
delivery truck and shuttle bus applications. As a result, our volume is up,
costs are down and we're engaging new and repeat customers who increasingly
understand our value proposition."
"Purolator is a responsible corporation that protects and preserves the
environment by reducing the impact of its operations and services," said
Serge Viola, Director, National Fleet and Ground Line Haul for Purolator.
"Our new order of Azure's hybrid electric trucks reflects our continued
confidence in the performance of their vehicles. Meanwhile, the technology
helps us by substantially reducing tailpipe emissions, reducing operating
costs and improving fuel economy and up time."
Azure Dynamics continues an active fourth quarter that has seen
significant developments in each of its primary product lines. The Azure
Balance(TM) Hybrid Electric vehicles ordered by Purolator are integrated on a
Ford E450 chassis. The hybrid electric drive train, with unique attributes
like 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. The drive
train, with a Ford 5.4L gasoline engine, 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.
For more information about Azure Dynamics and its products, please visit
www.azuredynamics.com.
About Purolator
Purolator Courier Ltd. of Mississauga, Ontario is proud of its Canadian
heritage. As Canada's largest courier company and one of Canada's 10 Most
Admired Corporate Cultures(TM) (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.
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. 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
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
deliveries.
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.
For further information: on Azure, contact: Jay Sandler, Vice President -
Sales +1-248-298-2403 x1205, Email: jsandler@azuredynamics.com; Patrick
Liebler, Liebler Group, +1-248-229-4418, Email: pat@lieblergroup.com
For further information: on Azure, contact: Jay Sandler, Vice President - Sales +1-248-298-2403 x1205, Email: jsandler at azuredynamics.com; Patrick Liebler, Liebler Group, +1-248-229-4418, Email: pat at lieblergroup.com
Tags: Azure Dynamics Corporation, Michigan, Oak park