OAK PARK, MI -- Azure Dynamics Corporation (TSX: AZD - News) - ("Azure") or (the "Company"), a leading developer of state-of-the-art green technologies that address environmental and cost issues for the commercial transportation industry, announced today that FedEx Express, a subsidiary of FedEx Corp. (NYSE:FDX - News), has purchased fifty-one (51) additional Azure Balance(TM) Hybrid Electric walk-in vans to be delivered in November and December 2009. Most of the 51 vehicles will be put into service at the first FedEx all-hybrid facility in Bronx, N.Y. FedEx has had 20 previously purchased Azure walk-in vans in active service at a number of California stations for the past year.
"We're always looking to broaden our customer base, but earning large re-orders from customers like FedEx Express is sometimes even more rewarding," said Scott Harrison, Azure Dynamics CEO. "FedEx is an incredibly astute fleet operation with 274 hybrid electric and electric vehicles among its 1,800 alternative fuel vehicles. The fact that the performance of our vehicles has met their rigorous demands and encouraged this additional large order is particularly gratifying."
"Even during a challenging fiscal year, FedEx has continued to make investments in hybrid electric and electric vehicles a priority because of the long-term value in vehicle technologies that reduce fuel costs and pollution," said John Formisano, Vice President of Global Vehicles, FedEx Express. "FedEx now operates seven different hybrid or electric truck models around the globe, demonstrating that commercial delivery vans can reduce pollution and increase efficiency without any sacrifice in performance and durability."
The New York State Energy Research and Development Authority (NYSERDA) is providing a grant to FedEx for the Azure hybrids. NYSERDA, in part, aims to maintain momentum for the State's efforts to develop competitive markets for energy efficiency.
With its electric-launch assist, engine-off at idle and regenerative braking, the Azure Balance(TM) Hybrid Electric walk-in vans specified by FedEx are ideally suited for the tough start and stop conditions endured in the everyday traffic of one of the world's busiest cities. The FedEx Express New York all-hybrid facility demonstrates that cleaner hybrid electric technologies are a viable alternative to conventionally equipped trucks.
The Azure order was placed through Automotive Resources International (ARI), a major fleet management company based in Mount Laurel, New Jersey. ARI has evolved into the largest privately-held fleet leasing and management company in the world.
For more information about Azure Dynamics and its products, please visit www.azuredynamics.com.
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