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Two East Coast Colleges Order Azure Dynamics Shuttle Buses

^{Published on 2009-08-20 12:38:21, Last Modified on 2009-08-20 12:38:22 - Market Wire}
 

 OAK PARK, MI, Aug. 20 /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 that its shuttle buses will service student and faculty needs at both the College of Staten Island and the University of Fairfield. The two CitiBuses will be delivered in late September for the fall semester. "We believe that our CitiBuses will be welcomed additions to campus life at the two schools," said Jay Sandler, Azure Dynamics Vice President of Sales. "Students will have access to our innovative transportation technology that reduces emissions thereby protecting air quality at the serene campus locations. The schools will also benefit from the hybrid electric drive train's reduced fuel usage and lower maintenance costs." The College of Staten Island is working to set a green example for its community. The College is working with the New York Power Authority for grant money to aide in its purchase of the Azure CitiBus. "We support the college's effort in securing grant money to help offset the cost of the hybrid electric shuttle," said Sandler. "Our vehicles have a demonstrable payback. Under typical operating conditions, and depending on the variable cost of fuel, our products can offer a return on investment in approximately four years. The average lifecycle of a shuttle bus is closer to twelve years, making a compelling economic case for our technology independent of incentive and grant contributions." The second CitiBus will be delivered to J & R Tours which will manage the bus on behalf of the University of Fairfield in Fairfield, Connecticut. Fairfield's campus spans 200 rolling acres just one hour from New York City and minutes from Long Island Sound. The University's administration is eager to add the convenience of a new campus shuttle while safeguarding its air quality. Arcola Bus Sales in Carlstadt, New Jersey, managed both sales. For over a quarter of a century, Arcola has been providing solutions for virtually every type of transportation and mobility need. Arcola Bus Sales is one of the largest mini-bus distributors in the country and represent the nation's premier vehicle manufacturers. 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 ]