• 13.12.2011, 13:33:33
  • /
  • OTE0008

Azure Dynamics' Transit Connect Electric Rated # 3 On EPA Top 10 Fuel-Efficient List for 2012

Oak Park, Michigan (ots/PRNewswire) -

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 that its Transit Connect
Electric van was rated by the U.S. Environmental Protection Agency as
the third most fuel efficient vehicle for 2012.

"We are pleased that the Transit Connect Electric continues to be
recognized as one of the top fuel efficient vehicles available for
consumers and fleet operators worldwide," said Scott Harrison, CEO of
Azure Dynamics. "In addition to fuel and maintenance efficiencies,
more and more customers are demanding cleaner, more efficient power
for their fleets. Combined with the car-like driving characteristics
and reduced operating costs, the Transit Connect Electric is an ideal
product for them."

The Ford 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.

A complete list of the EPA's Top 10 Fuel Efficient vehicles for
2012 can be found at: http://www.fueleconomy.gov/feg/topten.jsp.

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
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: Juris Pagrabs, Vice President, Investor
Relations, +1(248)298-2403 ext 7570, Email:
[email protected]

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | PRN

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