August 13, 2007

Azure Dynamics to provide hybrid powertrains for Utilimaster commercial vehicles

TORONTO, ONT-Azure Dynamics has signed a memorandum of understanding (MOU) with Utilimaster, an Indiana builder of step vans, commercial truck bodies and utility vehicles. Under the terms of the MOU, Azure will provide its P1 hybrid electric powertrains to Utilimaster, which the latter company will integrate into Ford E-Series commercial chassis at the Utilimaster manufacturing operation in Wakarusa, Indiana. Through this partnership Toronto-based Azure, which specializes in the development of hybrid electric and electric powertrains for commercial fleet vehicles, will help Utilimaster meet the anticipated growth in demand for the Ford E-Series hybrid commercial vans and shuttle buses. More information is available from Steven Glaser, vice-president, corporate affairs for Azure Dynamics, 416/367-0220, ext 105, E-mail sglaser@azuredynamics.com.

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