The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Azure Dynamics receives order from a major baking industry fleet for balance hybrid electric vehicles


PHOTO

OAK PARK, MI, Sept. 18, 2008 - 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 received an order from one of the largest baking companies in the USA for two Balance(TM) Hybrid Electric Ford E-450 Walk In Vans. The new orders represent the 145th and 146th Balance(TM) Hybrid Electric sales since their launch in May 2008.

"This sale is another milestone for Azure Dynamics. This is the first purchase of hybrid electric route delivery trucks by the baking industry in North America," said Scott Harrison, Azure's Chief Executive Officer. "This order, along with the previous 144 Balance(TM) Hybrid Electric orders, again demonstrates the depth and functionality of Azure's parallel hybrid system, and also validates the broad application of our technology across various industries."

"Bakers are facing record input costs - both commodities and fuel," said Robert Mackie, President of the American Bakers Association. "As an industry with the fourth largest fleet of vehicles in the country, we are exploring a multitude of new technologies that will allow us to deliver the freshest possible products in the most cost effective manner. The new hybrid technologies have exciting potential to accomplish these important goals."

With soaring fuel costs, many forward-looking companies are taking innovative approaches to lower the operating costs of their route delivery trucks by using Azure's Balance(TM) Hybrid Electric Technology. The technology improves fuel economy by up to 40%, while reducing the carbon foot print by approximately 30%, creating a significant positive impact on the environment and air quality. In addition, Azure's Balance(TM) Hybrid Electric technology reduces vehicle maintenance costs by approximately 30% thereby further reducing the overall fleet operating costs.