Azure Dynamics Outlines Lead Customer Strategy For Ford Transit Connect Electric

The exclusive supply of 2010 Transit Connect Electric vans will be allocated to Azure’s lead customers for delivery in the fourth quarter. Each lead customer will also commit to a minimum of ten 2011 Ford Transit Connect Electric vehicles,

Azure Dynamics Corporation (TSX:AZD) (OTC: AZDDF), which announced the sale of the first two Ford Transit Connect Electric vans to AT&T last week, today said that an initial allotment of ten vans will be produced late this year and will be exclusively available to Azure’s lead customers. Azure is the world’s leading producer of hybrid electric and electric vehicles for the commercial vehicle industry and is the sole upfitter of the electric version of the Ford Transit Connect, the 2010 "North American Truck of the Year."

"Our lead customers understand the economic and environmental value proposition of the Ford Transit Connect Electric and now we’re working with them to establish commitments for 2011," said Scott T. Harrison, Azure CEO. "This program makes a Transit Connect Electric available to lead customers by year-end, provided that the customer commits to a follow-up order of ten or more units in 2011."

Harrison said that Azure Dynamics recognized that there would be heavy initial demand for the Transit Connect Electric and developed its lead customer strategy for the vehicle last fall. "This is a great product that a lot of companies are going to want for their fleets," Harrison said. "Azure will announce additional lead customer sales of the Transit Connect Electric as they are finalized."

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.