Azure Dynamics Books Another 100 Orders for Hybrid Vans
OAK PARK, Michigan -- Azure Dynamics Corporation (TSX: AZD) (OTC: AZDDF) - ("Azure") or (the "Company"), is continuing its mission of 'Driving a World of Difference' by providing Cintas Corporation with 100 Balance(TM )Hybrid Electric Walk in Vans. Cintas, headquartered in Ohio, will begin deploying the vans at its California facilities and therefore qualify for the state's Hybrid Voucher Incentive Program funding with incentives of $25,000 per unit. Kings Ford, Inc in Cincinnati managed the transaction with expected shipments occurring in the fourth quarter, 2010.
Dan Braun, Senior Vice President - Value Improvement Initiatives at Cintas, said, "We're excited to be implementing this environmentally friendly solution for Cintas, and this order of 100 Azure Dynamics Balance(TM) Hybrid Electric vehicles is a significant first step in establishing our commitment to a greener fleet, and being socially responsible. In completing our due diligence, we selected Azure Dynamics hybrid electric system which combines with the Ford gasoline engine that is part of the current Cintas fleet. The engine-off-at-idle is also important feature of the hybrid electric to ensure reduction of vehicle emissions during the daily operation of our vehicles."
The 100 units will be deployed in Sacramento, San Leandro, and Ontario, California, and will be the first large scale deployment of green technology in the Cintas fleet. Cintas will continue to evaluate further deployment of green fleet technology to additional Cintas locations in the United States and Canada. Cintas currently manages more than 10,000 vehicles in its North American fleet and maintains an approximate 15 year lifecycle expectation for its vehicles.
"We also benchmarked other fleets that have incorporated Azure Dynamics technology; most notably Purolator Courier. Purolator has a fleet that operates in similar conditions to ours, and has operated the hybrid electric vans for several years. This gave us confidence in the Azure Dynamics van's ability to meet our durability and performance requirements," said Kenneth Hoglund, Director - Fleet Management at Cintas.
"We're extremely gratified that Cintas selected our product as it begins to update its fleet with efficient, green technology," said Jay Sandler, Azure Dynamics Vice President of Sales. "We are eager for Cintas to take delivery of the vehicles and experience our proven performance attributes first-hand."
Azure's Balance(TM) Hybrid Electric drive system manages the conventional 5.4 litre Triton gasoline engine and the 5-speed automatic TorqShift transmission on the Ford E450 chassis to produce a cleaner, more fuel efficient vehicle at an affordable cost. The Cintas vans utilize a delivery body from Utilimaster in Wakarusa, Indiana.
For more information on how Azure Dynamics products are Driving a World of Difference, please visit www.azuredynamics.com.
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