Azure Dynamics Announces Balance™ Hybrid Electric Shuttle Bus Sales

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• Azure Dynamics announces 10 Balance™ Hybrid Electric bus sales to a variety of customers across North America
  
  
• The new buses will be among the first to carry the Johnson Controls-Saft lithium ion battery pack

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OAK PARK, MI, Nov. 17 /CNW/ - Azure Dynamics Corporation's (TSX: AZD)(OTC:AZDDF), a world leader in the development and production of hybrid electric and electric components and powertrain systems for commercial vehicles, today announced that it has received orders for 10 new Balance™ Hybrid Electric shuttle buses. 

Azure markets its innovative, efficient and green technology to fleet operators via a distinctive channel distribution strategy, which entails partnering with premier body builders and their dealers and Ford commercial truck dealerships across North America.  Those relationships have resulted in sales as follows: 

Five Balance™ Hybrid Electric shuttle buses were ordered in conjunction with Azure's existing contract established through CALSTART's Hybrid Truck User's Forum (HTUF) and its Small Bus Users Group.   The vehicles included in this contract are 23-foot, gasoline-powered hybrid electric cutaway buses using Azure's Balance™ Hybrid Electric powertrain on the Ford E450 chassis.  The StarTrans Senator Bus body has a passenger capacity of up to 14 riders, including two wheelchair positions.  The buses meet the FTA "Altoona" durability testing protocols for seven years / 200,000 miles service life and are American with Disability Act (ADA) compliant.

• Three of the units will be used by the Sacramento Regional Transit District (RT), which operates approximately 91 bus routes covering a 418 square-mile service area. 
  
  
• One unit will be used by TriMet in Portland, OR, where there are approximately 196,900 weekday bus trips taken every month. 
  
  
• One unit was ordered by Utah Transit Authority in Salt Lake City which covers over 1,400 square miles and services passengers in six counties.

"Azure is pleased to earn the additional CALSTART Small Bus contract sales," said Tom Lincoln, Azure's national sales manager.  "The consolidated vehicle bid included various specifications and performance attributes to meet the demands for a wide range of potential fleet customers.  The fact that Azure Dynamics Balance™; Hybrid Electric technology was able to meet these diverse considerations and be awarded the sales validates our product's flexibility and its performance, cost and environmental benchmarks."

Other sales include:

• Two additional Balance™ Hybrid Electric shuttle buses were sold through Creative Bus Sales in Chino, CA, with bodies manufactured by Goshen Coach.  The first of the two buses will be deployed in Miramar, FL in the Miramar Community Bus Service.  The second of the two buses will be used by the Pro Park, the well known commercial off-airport parking operator.
  
  
• One bus was sold to River City Transit in Pierre, SD to serve as a shuttle bus for local patrons.  Harlow's Bus Sales in Rolette, ND managed the sale which included a Champion Bus Inc., body.
  
  
• Two Balance™ Hybrid Electric shuttle buses were sold by the City of Fargo via North Central Bus Sales in St. Cloud, MN, with bodies manufactured by Goshen Coach.  The new units will primarily be used by handicap accessible Dial-A-Ride buses for local pick-up and drop-off sites for the area's local residents. 

For more information on how Azure Dynamics products are Driving a World of Difference, please visit www.azuredynamics.com. 

About Azure Dynamics
Azure Dynamics Corporation (TSX: AZD)(OTC: AZDDF) 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 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 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.

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