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Azure Dynamics Partners with Turtle Top

^{Published on 2009-07-22 05:51:20, Last Modified on 2009-07-22 05:51:28 - Market Wire}
 

 OAK PARK, MI, July 22 /CNW/ - Azure Dynamics Corporation (TSX: AZD) - ("Azure") or (the "Company"), a leading developer of state-of-the-art green technologies that address environmental and cost issues for the commercial transportation industry, today announced a partnership with Turtle Top, a leading body manufacturer specializing in small to mid-sized buses and specialty vehicles. The agreement provides Turtle Top customers and dealers the opportunity to select Azure's Balance(TM) Hybrid Electric drivetrain system on the Ford E-450 chassis. "Although the relationship with Turtle Top is relatively new, it has already brought us success," said Jay Sandler, Azure Dynamics Vice President of Sales. "Our recent 15 unit sale to Metro Mobility was a collaborative effort among Azure, Turtle Top and Hoglund Bus, a dealership in Monticello, Minnesota. Together, we can create the ideal transportation solution to meet and exceed customers' needs." "Turtle Top has worked aggressively in the production and distribution of environmentally friendly vehicles over the past several years," said Phil Tom, Vice President of Sales for Turtle Top. "Customers are demanding alternative energy sources to comply with anti-idle regulations and fuel efficiency standards. Our partnership with Azure Dynamics will allow us to offer the fuel efficient and environmentally friendly products that customers are demanding." With its electric-launch assist, engine-off at idle and regenerative braking, the Azure Balance(TM) Hybrid Electric is ideally suited for the tough start and stop conditions endured by shuttle buses. As a result, Turtle Top customers who select the Balance(TM) Hybrid Electric can expect up to 40% improvement in fuel economy and up to 30% reduction in maintenance costs. Importantly, the hybrid drive train also reduces greenhouse emissions by up to 30% thereby reducing the owner's carbon footprint and improving air quality. With the addition of Turtle Top, Azure has now partnered with seven of the leading bus body manufacturers in the US and Canada. Additionally, Azure has partnered with 27 Ford commercial truck dealerships in key markets across North America. These partnerships give Azure significant market presence and expanded sales and service capabilities. Turtle Top began manufacturing automotive products in 1962 and is well known in the automotive industry for its quality, service, longevity and integrity. Turtle Top's facility is located in New Paris, Indiana. For more information about Azure Dynamics and its products, please visit[ www.azuredynamics.com ]. About Azure Dynamics Azure Dynamics Corporation (TSX: AZD) 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 various 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 [ www.azuredynamics.com ]. The TSX Exchange does not accept responsibility for the adequacy 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 labour 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 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 inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with Azure's early stage of development, lack of product revenues and history of losses, requirements for additional financing, uncertainty as to commercial viability, uncertainty as to product development and commercialization milestones being met, uncertainty as to the market for Azure's products and unproven acceptance of Azure's technology, competition for capital, product market and personnel, uncertainty as to target markets, dependence upon third parties, changes in environmental laws or policies, uncertainty as to patent and proprietary rights, availability of management and key personnel, and acquisition integration risk. These risks are set out in more detail in Azure's annual information form which can be accessed at [ 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: on Azure, contact: Jay Sandler, Vice President - Sales, (248) 298-2403 x1205, Email: [ jsandler@azuredynamics.com ]; Mike Elwood, Vice President-Marketing, (905) 607-3486 x203, Email: [ melwood@azuredynamics.com ]; Patrick Liebler, Liebler Group, (248) 229-4418, Email: [ pat@lieblergroup.com ]