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Azure Dynamics' First European Dealer, Norway's RøhneSelmer, Places Additional Order For 100 Transit Connect Electric Vans

Geschrieben am 29-08-2011

Oak Park, Michigan (ots/PRNewswire) -

- RøhneSelmer, the market leader in Norway, places 100 unit
Transit Connect Electric follow-up order validating product's unique
environmental and performance values for customers
- The all-electric, zero-emission Transit Connect Electric has a
targeted range of up to 130km (80 miles) per full charge, and is ideal
for fleet owners with well-defined routes
- The RohneSelmer 100 unit order is the largest Transit Connect
Electric order to date and continues a pattern of large customer
follow-on orders for Azure's portfolio of efficient and environmentally
friendly products

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 light and medium duty
commercial vehicles, announced today that its Norwegian Ford
dealership, RøhneSelmer, has signed an order for an additional 100
Transit Connect Electric vans. RøhneSelmer's original order, in March
of this year, was for 58 units for various clients, among them Norway
Post, known in Norway as "Posten Norge AS".

"We've worked exclusively with Ford for more than fifty years and
know that with Azure Dynamics' technology, the Transit Connect
Electric will meet the environmental requirements and tough weather
conditions of the Norwegian market," said Anders Gadsboll, Sales
Director of RhoneSelmer. "We sold 50 Transit Connect Electric vans
before the first unit was delivered to us and we're confident we'll
sell many, many more the remainder of this year and beyond. It's the
right product for today's Norwegian market."

Azure and Ford Motor Company brought the Transit Connect Electric
to the European market this year at a time when increasing numbers of
fleet operators in the U.S. and Europe are demanding the benefits of
efficient, clean alternative power for their vehicles. With 28 kWh of
power to call on, Transit Connect Electric has a top speed of 120
km/h (75 mph) and a range of up to 130 km (80 miles) on a full
charge.

"Norway has a large customer base with a good understanding of
and appreciation for electric vehicles, which RøhneSelmer obviously
recognizes," said Ricardo Espinosa, Managing Director of European
Operations for Azure Dynamics. "The Transit Connect Electric can play
an important role in the Norwegian market and help to achieve
Norway's aggressive environmental goals."

The Transit Connect Electric offers Norwegian customers the
opportunity to eliminate petroleum fuel bills, take advantage of
car-pool lanes and to lower overall maintenance and operating costs.
The vehicle is an ideal choice for battery electric power thanks to
its unique combination of car-like driving dynamics, generous cargo
capacity, easy accessibility and low operating costs. Transit Connect
Electric can be recharged using standard European 220-volt outlets in
approximately eight hours.

"Transit Connect Electric is operating on a global stage and this
early repeat order from RøhneSelmer is further validation of the
value it brings to customers like Norway Post and others with shorter
delivery routes and frequent stop and go driving conditions," said
Scott Harrison, Azure's CEO. "We're delighted that RøhneSelmer has
given us this additional vote of confidence and we're confident that
the Transit Connect Electric will more than live up to their
expectations."

The Transit Connect Electric went into production in Europe in
June this year following its successful production launch in North
America in April, 2011.

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 on how Azure Dynamics products are Driving a World of
Difference, 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 and
product deliveries. 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:

Ricardo Espinosa,
Managing Director European Operations, +44(0)1438-729819
Email: respinosa@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:
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