OAK PARK, Michigan,
December 13, 2011 /PRNewswire/ --
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
light and medium duty commercial vehicles, today announced that its
Transit Connect Electric van was rated by the U.S. Environmental
Protection Agency as the third most fuel efficient vehicle for
2012.
"We are pleased that the Transit Connect Electric continues to
be recognized as one of the top fuel efficient vehicles available
for consumers and fleet operators worldwide," said Scott Harrison, CEO of Azure Dynamics. "In
addition to fuel and maintenance efficiencies, more and more
customers are demanding cleaner, more efficient power for their
fleets. Combined with the car-like driving characteristics and
reduced operating costs, the Transit Connect Electric is an ideal
product for them."
The Ford Transit Connect Electric utilizes an advanced
lithium-ion battery from Johnson Controls to achieve a range of 50
to 80 miles depending on auxiliary usage and drive cycle and is
rechargeable using either a 240-volt or standard 120-volt
outlet. Commercial vans generally return to a central
location at the end of each driving cycle making for easy overnight
recharging. Use of the vehicles will also reduce fuel and
maintenance costs, as well as reducing greenhouse gas
emissions.
A complete list of the EPA's Top 10 Fuel Efficient vehicles for
2012 can be found at:
http://www.fueleconomy.gov/feg/topten.jsp.
For more information on how Azure Dynamics powertrains are
'Driving a World of Difference,' please visit
http://www.azuredynamics.com.
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 light and medium
duty 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 http://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: 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 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 numerous risks and
uncertainties that contribute to the possibility that the
projections and forecasts in the forward-looking statements will
not occur and that actual performance or results could differ
materially from those anticipated in the forward-looking
statements. These risks and uncertainties include, but are not
limited to, the risks associated with Azure's stage of development,
history of losses and lack of historical product revenues,
uncertainty as to product development and sales milestones being
met, product defect and performance risks, competition for capital
and market share, uncertainty as to target markets, dependence upon
third parties, changes in environmental laws or policies,
uncertainty as to patent and proprietary rights, availability and
retention of management and key personnel, exchange rate and
currency fluctuations, uncertainties relating to potential delays
or changes in plans with respect to product development or capital
expenditures, the ability of Azure to access sufficient capital on
acceptable terms, and environmental and safety risks. This is not
an exhaustive list and additional information on these risks and
other factors that could affect Azure's operations and financial
results are included in reports on file with the Canadian
securities regulatory authorities and can be accessed through the
SEDAR website at http://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. Additionally, Azure undertakes no
obligation to comment on the expectations of, or statements made
by, third parties about Azure.
For further information: Juris
Pagrabs, Vice President, Investor Relations, +1(248)298-2403
ext 7570, Email: jpagrabs@azuredynamics.com
