Ford Motor Company and Azure Dynamics Introduce Transit Connect Electric Wagon

Dearborn, Michigan, November 16 (ots/PRNewswire) -

- Transit Connect Electric wagon offers seating for five
passengers with added convenience and comfort plus all the benefits
associated with an electrified powertrain
- Transit Connect Electric wagon is now available in North America
and will soon be available in Europe
- Transit Connect Electric has achieved more than 450 orders since
its introduction in December 2010

Ford Motor Company and Azure Dynamics Corporation today
announced the newest electrified commercial vehicle product on the
market, the Ford Transit Connect Electric wagon. The wagon is a
logical next step for Azure and Ford which first introduced an
electrified Transit Connect in December 2010.

The wagon is considered ideal for businesses that want the
flexibility to move either cargo and/or passengers with the
efficiencies offered by the electric powertrain. The wagon is
especially well-suited to campus settings like those found at
universities, military bases, health care facilities, airports and
private businesses where frequent short-range routes are commonly
traveled.

"With the addition of the new Transit Connect Electric wagon, we
expand our product portfolio and offer our commercial customers more
versatility to meet their transportation needs with fully electric
operation," said Scott Harrison, Azure Dynamics chief executive
officer. "As a derivative of our successful Transit Connect Electric
cargo van, the wagon shares a common electric drive integration and
glider helping to keep additional development cost low."

Like its cargo van sibling, the Transit Connect Electric Wagon
qualifies for the $7,500 federal incentive in the United States. In
addition to federal incentives, fleet owners in California can
receive an additional $15,000 incentive from the California Air
Resources Board
[http://www.arb.ca.gov/msprog/clean_cars/clean_cars.htm ] (CARB) for
the first Transit Connect Electric van or wagon purchased for
deployment in California. Subsequent purchases of Transit Connect
Electric vans or wagons will qualify for an incentive of up to
$12,000, with a maximum of 100 vans per customer.

"Over the past year, the Transit Connect Electric has shown how
versatile it can be, serving as the premier green vehicle in the
fleets of many different industries," said Nancy Gioia, director of
global electrification, Ford Motor Company. "The Transit Connect
Electric wagon, with its added passenger seating, opens the doors for
even more businesses to green their fleets and experience 100 percent
electric and zero-emissions driving."

Since its introduction in December 2010, more than 450 Transit
Connect Electric vans have been purchased by many hard working
commercial vehicle fleets including AT&T, Canada Post, DHL, FedEx
Express, and Post Norway to name a few. Other early adopters of
Transit Connect Electric include energy providers and private
businesses seeking to better understand and utilize the benefits
associated with electrified transportation.

To create the Transit Connect Electric wagon, Azure integrates
its proven Force Drive[TM] electric powertrain into the award-winning
Ford Transit Connect XLT Premium Wagon and offers enhanced second-row
passenger comfort while still providing considerable cargo space and
payload capacity.

Using an advanced liquid-cooled 28 kilowatt hour lithium-ion
battery from Johnson Controls, Transit Connect Electric wagon can
achieve a range of 55 to 80 miles on a single charge depending on
driving conditions and ancillary power usage. The wagon has a top
speed of 75 mph.

Wagon owners will have the option of recharging Transit Connect
Electric with either a standard 120-volt outlet, or preferably a
240-volt charging station, typically installed at the user's base of
operations for optimal recharging in six to eight hours. The
vehicle's charge port is located above the passenger-side rear wheel
well in the spot typically used for conventional re-fueling.

The Transit Connect Electric wagon is built on a dedicated global
van platform and offers a unique combination of car-like driving
dynamics, significant cargo capacity, accessibility, and low
operating costs.

For more information on how Azure vehicles are Driving a World of
Difference, please visit http://www.azuredynamics.com.

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 Ford Motor Company Ford Motor Company, a global automotive
industry leader based in Dearborn, Mich., manufactures or distributes
automobiles across six continents. With about 166,000 employees and
about 70 plants worldwide, the company's automotive brands include
Ford and Lincoln. The company provides financial services through
Ford Motor Credit Company. For more information regarding Ford's
products, please visit http://www.ford.com.

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or accuracy of this release.

Forward-looking Statements

This press release contains forward-looking statements. More
particularly, this press release contains statements concerning
Azure's business development strategy, projected commercial revenues
and product deliveries.

The forward-looking statements are based on certain key
expectations and assumptions made by Azure, including expectations
and assumptions concerning achievement of current timetables for
development programs, 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 on which the forward-looking statements are based are
reasonable, undue reliance should not be placed on the
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they will prove to be correct. Since forward-looking statements
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factors and risks. These include, but are not limited to, the risks
associated with Azure's early stage of development, lack of product
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risks are set out in more detail in Azure's annual information form
which can be accessed 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.

For further information:

Juris Pagrabs, Vice President, Investor
Relations, +1(248)298-2403 ext 7570
Email: jpagrabs@azuredynamics.com
Pat Liebler, Liebler Group, +1(313)832-4376
Email: pat@lieblergroup.com

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