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Azure Dynamics Opens European Headquarters in North London Ahead of its June Transit Connect Electric Production Launch

Geschrieben am 15-03-2011

Oak Park, Michigan (ots/PRNewswire) - Azure Dynamics
Corporation ("Azure" or the "Company"), a world leader in the
development and production of hybrid electric and electric components
and powertrain systems for commercial vehicles, announced today that
it has opened its new European headquarters office in North London to
support its sales and marketing efforts for the new all-electric Ford
Transit Connect, which is scheduled for European production in June,
2011.

"Since its introduction in 2002, the Ford Transit Connect has had
phenomenal sales success in cities across Europe and we're eager to
launch its all-electric counterpart, Transit Connect Electric," said
Scott Harrison, CEO of Azure Dynamics. "Since receiving the first 14
Transit Connect Electric vehicles in Europe this past December, we
are very encouraged by the initial reaction and interest from both
European public and private commercial fleet operators. Many of our
potential customers have experience with the conventional gas vehicle
and are now eager to enjoy the operational and environmental benefits
of our pure-electric ForceDriveTM powertrain."

Transit Connect Electric offers a unique combination of driving
dynamics, cargo capacity, accessibility and low costs of operation.
It can achieve a range of 80 - 130 kilometers (50 - 80 miles)
depending on auxiliary power usage and drive cycle, and has a top
speed of 125 kph (75 mph). The lithium ion battery is rechargeable in
approximately six hours using a 230-volt outlet.

Azure's new European facility will be responsible for all
European operations including engineering and program coordination,
manufacturing activities, sales and marketing and service support.
The North London facility, located in Arlington Business Park in
Stevenage, has a 4,800 square foot office space, and a workshop area
that can accommodate Azure vehicles along with key diagnostic
equipment for vehicles and electric powertrain components. The East
of England Development Agency (EEDA) helped Azure Dynamics Ltd locate
the facility.

Azure has selected a European-based manufacturer to upfit the
Transit Connect Electric and expects to announce the partnership upon
the completion of the terms. Azure has been developing electric
powertrains for more than 20 years. Its innovative ForceDriveTM
technology has over 40 different vehicle integrations to its credit
and more than 35 million miles of real-world experience.

In addition to the acclaimed Transit Connect Electric, Azure also
manufactures the BalanceTM Hybrid Electric delivery truck and shuttle
bus. The BalanceTM Hybrid Electric offers up to 40% fuel economy
improvement while reducing emissions by up to 30%.

For more information on how Azure Dynamics' products are Driving
a World of Difference, please visit http://www.azuredynamics.com. The
European office is located at:

Azure Dynamics Ltd.
Unit 10 The IO Centre
Arlington Business Park
Gunnels Wood Road
Stevenage
Herts, SG1 2BD
England

About Azure Dynamics

Azure Dynamics Corporation 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 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:

Gary Whittam, Sales & Marketing Director - Europe, Azure Dynamics
Ltd., +44-(0)1277-725-652 Email: gwhittam@azuredynamics.com

Mike Elwood, Marketing VP, Azure Dynamics, Mississauga, Ontario,
Canada +1-905-607-3486 ext 6203 Email: melwood@azuredynamics.com

Juris Pagrabs, Vice President, Investor Relations,
+1-(248)-298-2403 ext 7570 Email: jpagrabs@azuredynamics.com

Patrick Liebler, Liebler Group, +1-248-229-4418 Email:
pat@lieblergroup.com

ots Originaltext: Azure Dynamics Corporation
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For further information: Gary Whittam, Sales & Marketing Director-
Europe, Azure Dynamics Ltd., +44-(0)1277-725-652
Email:gwhittam@azuredynamics.com. Mike Elwood, Marketing VP, Azure
Dynamics,Mississauga, Ontario, Canada, +1-905-607-3486 ext 6203
Email:melwood@azuredynamics.com. Juris Pagrabs, Vice President,
InvestorRelations, +1-(248)-298-2403 ext 7570 Email:
jpagrabs@azuredynamics.com.Patrick Liebler, Liebler Group,
+1-248-229-4418, Email:pat@lieblergroup.com


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