Azure Dynamics Signs Three Additional Sales & Service Agreements With Ford Dealerships

OAK PARK, Michigan, July 8 -- Azure Dynamics Corporation (TSX: AZD, LSE: ADC & OTCQX: AZDDF) - ("Azure" or the "Company"), a leading developer of hybrid electric and electric powertrains for commercial vehicles, announced today it has signed three additional Sales & Service agreements with Ford dealerships. Agreements have been signed with Valley Ford Trucks in Cleveland, Ohio; East Bay Ford Trucks in Oakland, California and Mission Valley Ford Trucks in San Jose, California. The agreements are part of the company's plan to sign approximately 50 dealers over the next year in major metro markets in the United States and Canada to broaden its distribution network for its Balance Hybrid Electric Vehicle.

These dealerships will maintain inventory of ready to deliver Cube Vans and Walk in Vans equipped with Azure's Balance Hybrid Electric powertrains.

The Balance Hybrid Electric system is integrated on Ford's E450 Cutaway and Strip Chassis drive system utilizing a conventional 5.4 litre Triton gasoline engine and the 5-speed automatic TorqShift transmission. The hybrid powertrain features electric-launch assist, engine-off at idle and regenerative braking improving the vehicle's fuel economy by up to 40 percent, reducing maintenance cost by up to 30 percent and minimizing greenhouse gas emissions.

"We are excited to add three more dealerships to our rapidly expanding distribution network," said Jay Sandler, Vice President of Sales for Azure Dynamics. "Each of these dealerships is a highly-regarded commercial vehicle specialist that understands the growing demand for more fuel efficient, low maintenance and environmentally friendly commercial vehicles like the Azure Balance Hybrid Electric vehicle."