Azure Dynamics Announces Additional Order of 50 Vehicles from Purolator
OAK PARK, MI, June 18 -- 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 50 Balance(TM) Hybrid Electric trucks. The trucks will be delivered in the fourth quarter 2009 and will be deployed primarily in Ontario. Purolator previously received its initial order of 105 Balance(TM) Hybrid Electrics.
"In keeping with its commitment to minimize its environmental footprint, Purolator continues to upgrade its vehicle fleet with cleaner and greener Azure vehicles," said Scott Harrison, Azure Dynamics Chief Executive Officer.
"We're delighted with our relationship with Azure and the performance of our current fleet of Azure products," said Serge Viola, Director, National Fleet and Ground Line Haul for Purolator. "They are helping us reduce operating costs by improving our fuel economy and up time. We look forward to expanding our hybrid fleet in communities across Canada."
The Azure Balance Hybrid Electric vehicles ordered by Purolator are integrated on a Ford E450 chassis. The hybrid drive train has unique attributes like engine-off at idle and at below 20 miles per hour, while electronically supporting key ancillary functions like power steering and braking. The powertrain, with a Ford 5.4L gasoline engine, can improve fuel economy by up to 40%, while reducing carbon emission by up to 30% in city conditions. The powertrain also offers a significant reduction in maintenance costs versus conventionally equipped competitors.