Azure Dynamics and Kidron team up on cold transport solution for the produce market

OAK PARK, MI, April 23 -- Azure Dynamics Corporation (TSX: AZD & LSE: ADC) - ("Azure" or the "Company"), a leading developer of hybrid electric and electric technologies for commercial vehicles, announced today it has received sixteen orders for its Low Emission Electric Power (LEEP(TM) Freeze) system. Azure's LEEP(TM) Freeze system is an integral part of Kidron's UltraTemp cold plate transport refrigeration solution. This most recent order is from a major California based produce provider.

"We are pleased that Azure's and Kidron's unique hybrid refrigeration product is being recognized as a leading technology and demonstrates the diverse opportunities for our clean, efficient system in the produce application. We look forward to additional market penetration as this new technology continues to gain widespread acceptance," said Scott Harrison, Azure's Chief Executive Officer.

The LEEP(TM) Freeze system draws energy in an efficient manner from a vehicle's primary engine during normal driving and delivers it to the UltraTemp cold plate technology system, which allows the cold plates to stay cold for the duration of a typical multi stop delivery route. The system can also be plugged into the electrical grid for off-duty charging. UltraTemp with LEEP(TM) Freeze can save up to a gallon of fuel per hour, maintains set-point temperatures even when the engine is off, and offers quiet operation and significantly reduced emissions.

"We are actively marketing the UltraTemp with LEEP(TM) Freeze," said John Sommer, Jr, Kidron's Sales and Marketing Manager. "Unlike other refrigeration technologies that can unexpectedly shut down, this cold plate technology can maintain cold temperatures even if the vehicle itself malfunctions. You don't need to be a produce industry insider to know that the name of the game is to move fresh produce from the farm to the market with as much speed and predictability as possible. Our system does that better than any other solution while also reducing operational expenses associated with fuel and maintenance."

Customers also cite the environmental benefits of UltraTemp with LEEP(TM) Freeze as primary motivators in their purchase decision. The technology specified in the recent order can reduce C0(2) emissions by over 26,000 pounds annually compared to an engine-driven mechanical refrigerating system.

For more information on LEEP and other Azure solutions, please visit www.azuredynamics.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 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 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 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 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.

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