Even though some people within Ford think hybrid trucks are a "publicity stunt," the heavy-duty hybrid van maker Azure Dynamics knows that it can still count on FoMoCo for some hybrid help. Azure announced this week that it has signed new Sales & Service agreements with some Ford dealerships to work on the company's Balance Hybrid Electric commercial trucks. Azure Dynamics will now work with eight more Ford dealerships around the country (see a full list after the jump), bringing the total that have signed these agreements to fourteen. In the future, Azure hopes to get 50 dealers on board to "maintain inventory of ready-to-deliver Cube Vans and Walk-in Vans equipped with Azure's hybrid electric powertrains."
As we've written before, the Balance hybrids use a Ford E450 chassis and adds a 5.4 liter Triton gasoline engine with a electrical component that can move the van up to 20 mph. Mated to a 5-speed automatic TorqShift transmission the hybrid powertrain improves fuel economy by up to 40 percent, Azure said.
[Source: Azure Dynamics Corporation]
Azure Dynamics signs new agreements with eight Ford dealerships
OAK PARK, MI, Oct. 29 /PRNewswire-FirstCall/ -- 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 Sales & Service agreements with eight additional Ford dealerships to represent Azure's innovative Balance(TM) Hybrid Electric commercial truck. This brings the total number of dealerships to fourteen since the enrollment program began in June. The new dealerships are:
- Badger Truck Center, Milwaukee, WI;
- Boyer Ford Trucks, Minneapolis, MN;
- Grande Ford, San Antonio, TX;
- Northside Truck and Equipment, Portland, OR;
- Sherway Ford, Toronto, ON;
- Sopp Ford, Los Angeles, CA;
- Tuttle Click Ford, Irvine, CA;
- Minuteman Trucks Inc., Walpole, MA.
"These new partners are all highly regarded and influential commercial truck retailers in the major metro markets they serve," said Jay Sandler, Azure Dynamics' Vice President of Sales. "We're thrilled to have them on board."
The new dealership agreements are the result of Azure's effort to enlist approximately 50 dealers in major markets in the U.S. and Canada to broaden Azure's distribution network for its Balance(TM) Hybrid Electric. The dealerships will maintain inventory of ready-to-deliver Cube Vans and Walk-in Vans equipped with Azure's hybrid electric powertrains.
Tim Blide, General Manager at Boyer Trucks, commented on the partnership with Azure, "Boyer Ford is very enthusiastic about carrying the Azure hybrid vehicle line. Our partnership with Azure puts us at the forefront of alternative fuel vehicle options providing our customers with advanced technology to help them lower their cost structure while also contributing to a cleaner, greener environment. We think the product will do very well in the markets we serve."
The Balance(TM) Hybrid Electric system is integrated on Ford's E450 Cutaway and Strip Chassis drive system and utilizes a conventional 5.4 liter Triton gasoline engine and 5-speed automatic TorqShift transmission. The hybrid powertrain features electric-launch up to 20 mph, and engine-off at idle, while electronically supporting key ancillary functions like air conditioning, power steering and braking. The powertrain can improve fuel economy by up to 40%, while reducing carbon emissions up to 30% in city conditions.
For more information about Azure Dynamics and its family of hybrid electric and electric commercial vehicles, please visit www.azuredynamics.com.
About Azure Dynamics
Azure Dynamics Corporation (TSX: AZD) (OTCQX: 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. For more information please visit www.azuredynamics.com.
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This press release contains forward-looking statements. More particularly, this press release contains statements concerning Azure's business development strategy, projected commercial revenues and product deliveries.
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