Azure Dynamics To Begin Integrating Plug-In Hybrid Technology in Ford F-Series Super-Duty Trucks

Posted on 27. Jul, 2011 by in Ford Canada

  • Azure’s plug-in hybrid record to be primarily integrated on Ford’s marketplace heading F-Series Super Duty cab and chassis, a F-550, approaching in early 2013
  • Agreement provides for Azure to confederate a plug-in-hybrid record on other Ford F-Series Super Duty cab and chassis, including a F-350 and F-450
  • The blurb cab and framework attention supports approximately 100,000 vehicles per year
  • Ford F-Series Super Duty height is a transparent cab and framework marketplace personality with larger than 50% share
  • F-Series module furthers existent business attribute between Azure and Ford that formerly brought a innovative Transit Connect Electric and a E-450 BalanceTM Hybrid Electric Step Van and Shuttle Bus to market

Oak Park, Michigan – Jul 27, 2011 – Azure Dynamics Corporation (TSX: AZD)(OTC: AZDDF) (“Azure” or a “Company”), a universe personality in a expansion and prolongation of hybrid electric and electric components and powertrain systems for blurb vehicles, now announced an agreement with Ford Motor Company (NYSE: F) whereby Azure will confederate a exclusive plug-in hybrid (“PHEV”) record into a marketplace heading Ford F-Series Super Duty product line.

In partnership with Ford, Azure’s plug-in hybrid record will be primarily integrated on Ford’s marketplace heading F-Series Super Duty cab and chassis, a F-550, that is approaching to be accessible in early 2013.  The agreement also allows Azure to perform hybrid powertrain conversions on other Super Duty platforms including F-350 and F-450 models and spans all engine, support length and unchanging prolongation options and configurations.  The Super Duty module will concede Azure to serve enhance a product choice in a targeted middle avocation blurb lorry segment.
The Azure/Ford agreement includes a ‘ship-thru’ sustenance that permits Azure to place vehicles in a Ford travel complement and allows competent Ford Commercial Truck dealerships to sell and use a product in pivotal markets in North America.

“We are intensely gratified to enhance a attribute with Ford and launch a PHEV record on a F-Series Super Duty platform, that is a largest and many successful cab and framework code in North America,” pronounced Scott Harrison, Azure’s CEO.  “This is an ideal outcome for Azure and a customers.”  

With some-more than a 50% marketplace share, a Ford F-Series Super Duty is a many determined cab and framework code in a North American market.  The blurb cab and framework attention supports approximately 100,000 vehicles per year and is a elite active work-truck for thousands of blurb fleets handling a extended operation of logistical needs.  The Super Duty offers several diesel and gasoline engine options and a accumulation of cab, bed and accessories options.

Collaboration builds on existent business relationship
Azure and Ford teamed adult in 2009 to pierce a innovative Transit Connect Electric to marketplace in only 13 months after a module was initial announced.  The new PHEV F-Series module serve expands a Azure/Ford business attribute which, in further to a Transit Connect Electric, also markets a E-450 BalanceTM Hybrid Electric Step Van and Shuttle Bus.

“As seductiveness in choice appetite products continues to grow, consumers are looking for some-more powertrain options that are both environmentally accessible and fit their pushing needs,” pronounced Rob Stevens, Commercial Vehicle Chief Engineer, Ford Motor Company. “The coherence of a car platforms and framework allows Ford to rise a possess choice fuel products or work with partners, like Azure Dynamics, to broach consumers with a appetite of choice when purchasing a greener, some-more fuel fit vehicle.”

Prior to a Transit Connect Electric development, Azure and Ford collaborated  on a E-450 cutaway and frame framework to emanate a BalanceTM Hybrid Electric, a lorry or convey that achieves adult to 40% fuel alleviation while shortening emissions and upkeep costs by adult to 30% each.  BalanceTM Hybrid Electric has 60% share in a middle avocation (class 2c – V) hybrid blurb lorry marketplace in North America and is deployed in important fleets like ATT, CINTAS, DHL, FedEx Express, and Purolator to name a few.

Market Outlook
It is approaching that a cab and framework marketplace could grow by as most as 50% over a subsequent 5 years as swift operators, who have behind squeeze decisions, lapse to marketplace to reinstate aging inventory.  Interest in fuel fit cab and framework alternatives has never been larger due to rising and indeterminate fuel costs. 

Moreover, unrestrained for eco-friendly technologies that began with a largest inhabitant blurb fleets, is swelling to smaller, informal fleets that increasingly know that choice appetite technologies do not need a scapegoat in opening or durability.   The Ford F-Series Super Duty has already captivated legions of constant customers, many of whom are eager about a opening advantages compared with a new PHEV option. 

“The F-Series module aligns ideally with a product expansion strategy,” pronounced Harrison. “We’re means to concentration on expansion and formation of a powertrain solutions and during a same time advantage from Ford’s imagination in building ground-up car platforms gripping Azure’s collateral costs in check.”  

“Our engineering group has proven a coherence of a record by some-more than 40 opposite car integrations and 35,000,000 miles of genuine universe pushing experience.  We’ve been acid for a right event and knew we could pierce fast and cleverly when we found it.  We feel strongly that a Ford F-Series module is accurately a right opportunity.”

About Azure Dynamics
Azure Dynamics Corporation (TSX: AZD)(OTC: AZDDF) is a universe personality in a expansion and prolongation of hybrid electric and electric components and powertrain systems for blurb vehicles. Azure is strategically targeting a blurb smoothness car and convey train markets and is now operative internationally with a accumulation of partners and customers. The Company is committed to providing business and partners with innovative, cost-efficient, and environmentally-friendly appetite government solutions. For some-more information greatfully revisit www.azuredynamics.com.

The TSX Exchange does not accept shortcoming for a endowment or correctness of this release.

###

Forward-Looking Statements Advisory

Certain information enclosed in this press recover constitutes forward-looking statements and information and future-oriented financial information underneath germane bonds legislation and is supposing for a purpose of expressing management’s stream expectations and skeleton for a future.  Readers are cautioned that faith on such information might not be suitable for other purposes, such as creation investment decisions.

More particularly, this press recover contains statements concerning Azure’s anticipated: business expansion strategy, patron orders, product deliveries, sales, income and income growth. The forward-looking statements are formed on a series of pivotal expectations and assumptions done by Azure, including expectations and assumptions concerning feat of stream timetables for expansion programs and sales, aim marketplace acceptance of Azure’s products, stream and new product performance, accessibility and cost of labor and expertise, and elaborating markets for appetite for travel vehicles. Although Azure believes that a expectations and assumptions used to rise a forward-looking statements are reasonable, undue faith should not be placed on a forward-looking statements since Azure can give no declaration that they will infer to be correct.

Since forward-looking statements residence destiny events and conditions, by their really inlet they engage countless risks and uncertainties that minister to a probability that a projections and forecasts in a forward-looking statements will not start and that tangible opening or formula could differ materially from those expected in a forward-looking statements. These risks and uncertainties include, though are not singular to, a risks compared with Azure’s theatre of development, story of waste and miss of chronological product revenues, doubt as to product expansion and sales milestones being met, product forsake and opening risks, foe for collateral and marketplace share, doubt as to aim markets, coherence on third parties, changes in environmental laws or policies, doubt as to obvious and exclusive rights, accessibility and influence of government and pivotal personnel, sell rate and banking fluctuations, uncertainties relating to intensity delays or changes in skeleton with honour to product expansion or collateral expenditures, a ability of Azure to entrance sufficient collateral on excusable terms, and environmental and reserve risks. This is not an downright list and additional information on these risks and other factors that could impact Azure’s operations and financial formula are enclosed in reports on record with a Canadian bonds regulatory authorities and can be accessed by a SEDAR website during www.sedar.com.

The forward-looking statements contained in this press recover are done as of a date hereof and Azure undertakes no requirement to refurbish publicly or correct any forward-looking statements or information, either as a outcome of new information, destiny events or otherwise, unless so compulsory by germane bonds laws.  Additionally, Azure undertakes no requirement to criticism on a expectations of, or statements done by, third parties about Azure.

Tags: ,

No comments.

Leave a Reply

You must be logged in to post a comment.