Azure Dynamics Selects Lotus Lightweight Structures for Transit Connect Electric Upfitting in Europe

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
Lotus Lightweight Structures, a division of Group Lotus plc, will
provide assembly support for the Transit Connect Electric for the
European market. Lotus Lightweight Structures will be responsible for
upfitting Azure's patented ForceDrive(TM) battery electric powertrain
into Ford Transit Connect "gliders" (powerless vehicles without a
conventional powertrain or exhaust) from its facility in Worcester,
UK, beginning in June 2011.

"The European Union and individual governments and private
businesses are all working to lead the adoption of electric
transportation technology and have shown strong interest in the
Transit Connect Electric van," said Scott Harrison, CEO of Azure
Dynamics. "With Lotus Lightweight Structures, the project gets
another globally renowned automotive company to ensure that final
assembly is completed to the exacting standards of our customers."

Stephan Pathenschneider, Chief Operating Officer - Lotus Cars
said, "As part of Group Lotus plc, Lotus Lightweight Structures,
based in Worcester in England, has a well earned reputation as one of
the finest high technology automotive organizations in the world. We
have a client base that includes both premier sports car brands and
large car companies and of course we manufacture and assemble the
pioneering and award winning bonded and extruded aluminium chassis
for the Tesla Roadster, the Lotus Evora, the Lotus Elise and Lotus
Exige. We not only specialize in manufacturing vehicle structures
from lightweight materials including aluminium, composites and
lightweight steels, but we also have a high quality and efficient
assembly process which will enable us to upfit the Azure Dynamics
ForceDrive(TM) electric Powertrain to the Ford Transit Connect
Electric."

Transit Connect Electric is the all-electric version of Ford
Motor Company's award-winning Transit Connect, first introduced in
Europe in 2002 when it was awarded the prestigious 'International Van
of the Year Award'. Transit Connect has a successful history in
Europe due to its combination of car-like driving dynamics, cargo
capacity, accessibility and low operating costs. Transit Connect
Electric is an ideal choice for light duty commercial customers who
travel predictable, short-range routes with frequent stop-and-go
conditions in urban and suburban environments. In addition to its
favorable carbon footprint, the Transit Connect Electric is extremely
quiet thus lessening noise pollution on crowded streets.

Many European fleet owners have participated in early Transit
Connect Electric demonstration programs and expressed enthusiasm for
the vehicle's performance and eco characteristics. On a full charge,
Transit Connect Electric has a range between 80 KM/50 miles and 130
KM/80 miles depending on auxiliary power usage and drive cycle. It is
rechargeable using standard European 220/240-volt outlets within 6 to
8 hours. Commercial fleet vehicles generally return to a central
location at the end of a driving cycle making them perfect for
recharging overnight.

The Lotus Lightweight Structures facility in Worcester, England
will receive Transit Connect "gliders" shipped from the Ford
manufacturing location in Turkey, and ForceDrive(TM) electric
components from Azure and its supplier facilities. Lotus Lightweight
Structures will provide all final assembly operations for vehicles
bound to the European market.

Azure's ForceDrive(TM) powertrain has previously been deployed in
more than 40 vehicle integrations and has more than 35 million miles
of on-the-road experience. Energy stored in the lithium ion battery
is utilized to drive the motor through the electric powertrain's
motor controller. The accelerator input from the driver converts DC
power supplied by the battery into three precisely timed signals used
to drive the motor. The Transit Connect Electric van's appearance is
identical to the standard Transit Connect other than the inclusion of
the Azure ForceDrive(TM) badge on the rear of the vehicle and
information provided on the instrument cluster. Of course, Transit
Connect Electric will not have an exhaust pipe as the vehicle
produces zero tailpipe emission.

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.

About Lotus Group Lotus plc, is based in Norfolk, UK, and has
three operating divisions: Lotus Cars, Lotus Engineering and Lotus
Motorsport.

Lotus Cars builds world class, high performance sports cars
including the award-winning Evora, the iconic Elise and the stunning
Exige and the road / track orientated 2-Eleven. Lotus New Era, the
future product line-up, was unveiled in Paris on 30th September 2010
featuring the new Esprit, Elan, Elite, Elise and Eterne.

Lotus Cars also includes Lotus Lightweight Structures which is
based in Worcester, England and manufactures the bonded and extruded
Aluminium chassis structures for all Lotus cars and also manufactures
components for other premier sports car brands and large car
companies.

Lotus Engineering provides comprehensive and versatile
consultancy services to many of the world's OEMs and Tier 1 suppliers
and is an internationally recognised automotive engineering
consultancy. Global facilities include those in the US, Malaysia,
China and offices in Germany and Japan, with rapid expansion in new
territories such as South East Asia. Lotus is a global high-tech
company, expanding rapidly and committed to driving forward
technology for both Lotus Cars and its Engineering clients,
spearheading research into such areas as hybrids, electric vehicles
and renewable fuels.

Lotus Motorsport operates the motorsports activities of Lotus and
includes the strategy to return the Lotus name to a great number of
series including endurance racing with GT2, GT4 and LMP2, single
seater racing with GP2, GP3 and IndyCar. Lotus has also returned to
F1 with Lotus Renault GP from the start of the 2011 F1 racing season
onwards.

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or accuracy of this release.

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For further information:

Azure Dynamics

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

Lotus

PR Department, Group Lotus plc, Potash Lane, Hethel, Norfolk, UK,
NR14 8EZ Email: pr@lotuscars.com, Tel: +44(0)1953-608264

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

Contact:
For further information: Azure Dynamics, Mike Elwood, MarketingVP,
Azure Dynamics, Mississauga, Ontario, Canada, +1-905-607-3486 ext
6203Email: 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 ; Lotus, PR Department,
Group Lotus plc, Potash Lane,Hethel, Norfolk, UK, NR14 , 8EZ Email:
pr@lotuscars.com, Tel:+44(0)1953-608264