Azure Dynamics Announces 29 Transit Connect Electric Sales
Geschrieben am 12-12-2011 |
Oak Park, Michigan (ots/PRNewswire) -
- Global orders of Transit Connect Electric exceed $29 million since its
introduction
- New North American customers include wireless carrier, grocery chain,
municipality, government facility and Ford Commercial Truck dealerships
- New European customers include government authorities, police forces and
private business
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, today announced 29 new Ford Transit Connect
Electric sales, including eight units in Europe and 21 units in North
America, which includes a 3 unit reorder from Johnson Controls, Inc.
"This follow-on order from Johnson Controls further demonstrates
the value the Transit Connect Electric brings to customers who have
shorter delivery routes and frequent stop and go driving conditions,"
said Scott Harrison, Azure's CEO. "Fleet operators and small
businesses worldwide increasingly recognize the value the Transit
Connect Electric offers in helping them reduce cost and meet their
environmental goals."
Azure is a leading provider of electric drive technology for
light to medium-duty commercial fleet vehicles in North America and
is the first authorized provider of electric and hybrid electric
solutions on Ford's market leading light-and medium-duty commercial
vehicles.
"With these new orders, our global Transit Connect Electric sales
exceed $29 million in less than 12 months of production," continued
Harrison. "And, our network of over 150 Ford dealers continues to
drive our sales growth while providing outstanding service for our
customers."
Azure Dynamics has agreements with over 150 Ford commercial truck
dealerships in key markets across North America, 90 of which support
sales and service activities for Transit Connect Electric and in six
countries throughout Europe representing 13 dealerships with 57 store
locations
Transit Connect Electric expands its customer base:
The 29 Transit Connect Electric vans announced today were sold to
a variety of customers across North America and Europe as well as to
a number of Ford commercial truck dealers who will use the vans as
customer demonstrators to increase awareness and appreciation of the
product. These sales include:
- Van Bortel Ford in Rochester, NY
- Verizon Wireless through Stoneham in Stoneham, MA
- Mission Valley Ford in San Jose, CA (2 units)
- Hawk Ford in Oak Lawn, IL
- Harris Ford in Lynnwood, WA (2 units)
- Metro Motors Ltd in Port Coquitlam, BC (2 units)
- National Renewable Energy Lab through Phil Long Ford in Colorado Springs, CO
- Boyer Ford in Minneapolis, MN
- Johnson Controls through Sutton Ford in Matteson, IL (3 units)
- Oak-land Ford in Oakville, Ontario
- Frontier Ford in Santa Clara, CA (2 units)
- Tuttle-Click Ford in Irvine, CA
- City of Santa Monica through Trans West Ford in Fontana, CA
- Giant Eagle through Shults Ford in Wexford, PA (2 units)
- Scottish authorities (5 units) and police forces (1 unit) through AM Phillip
located in Forfar, Scotland
- Property service and maintenance company through Ardea located in Rotterdam,
Netherlands (2 units)
The Transit Connect Electric utilizes an advanced lithium-ion
battery from Johnson Controls to achieve a range of 50 to 80 miles
depending on auxiliary usage and drive cycle and is rechargeable
using either a 240-volt or standard 120-volt outlet. Commercial vans
generally return to a central location at the end of each driving
cycle making for easy overnight recharging. Use of the vehicles will
also reduce fuel and maintenance costs, as well as reducing
greenhouse gas emissions.
For more information on how Azure Dynamics powertrains 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 light and medium duty 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
athttp://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:
Juris Pagrabs, Vice President, Investor Relations, +1-248-298-2403 ext 7570
Email: jpagrabs@azuredynamics.com
ots Originaltext: Azure Dynamics Corporation
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