Azure Dynamics And Purolator Display Hybrid Electric Delivery Vehicle At The Better Transportation Expo.TORONTO -- Azure Dynamics Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : AZD AZD Alpha Xi Delta sorority AZD Ambiguity Zone Detection (iterative decoder) ) ("Azure" or the "Company") a leading developer of hybrid electric powertrains for commercial vehicles and Purolator Courier Ltd., Canada's largest courier company, are pleased to announce that their hybrid electric delivery vehicle will be on display at the Better Transportation Expo in Toronto. The Energy Efficiency Office, Works and Emergency Services of the City of Toronto will be the host of the Better Transportation Expo ("BTE") 2004, a multi-venue exhibition of clean, sustainable transportation alternatives. At the Expo, new and emerging transportation technologies that meet Ultra Low Emission Vehicle A ULEV or Ultra-Low Emissions Vehicle is a vehicle that has been verified by the California Air Resources Board to emit 50% less polluting emissions than the average for new cars released in that model year. ("ULEV ULEV Ultra-Low-Emissions Vehicle ULEV Ultra Low Emission Vehicle "), Super Ultra Low Emission Vehicle Super Ultra Low Emission Vehicle (SULEV) is a conventionally powered or gas-electric hybrid vehicle designed to produce minimal air pollution at their point of use, typically less than 10% of that of an equivalent ordinary vehicle. ("SULEV SULEV Super Ultra-Low Emission Vehicle "), Partial Zero Emission Vehicle ("PZEV PZEV Partial Zero-Emission Vehicle "), Zero Emission Vehicle ("ZEV ZEV Zero Emission Vehicle ") standards are being promoted. Purolator was presented with an Award of Excellence in Environmental Initiatives for its 'Greening the Fleet' initiative on June 8, 2004 at the 35th annual National Transportation Week Ontario Awards Breakfast in Toronto. Robert Johnson, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Purolator said today at the opening ceremony of the Better Transportation Expo, "As Canada's largest courier company, we are proud to announce that early next year we will begin the transition to hybrid electric vehicles. And by this time next year, we will be the first courier company to use only hybrid electric vehicles in the City of Toronto." Purolator will also be the first courier company in Canada to begin the transition to hybrid electric vehicles. Purolator field-tested the new Azure Dynamics hybrid electric vehicles last year and saw green house gas emissions reduced by up to 50% while fuel efficiency increased by up to 50%. The company will begin taking delivery of 30 vehicles before the end of the year and may add up to 400 annually beginning in 2005, as it replenishes its fleet. The Energy Efficiency Office, Works and Emergency Services of the City of Toronto invites you to the Better Transportation Expo 2004, a multi-venue exhibition of clean, sustainable transportation alternatives. BTE will also feature keynote speakers, workshops and seminars. Date: September 13-15, 2004 Time: from 10:00am Locations: Commerce Court, First Canadian Place First Canadian Place is a skyscraper in Toronto, Ontario, Canada. At 298 metres, or 978 feet (355 metres with antenna included), it is Canada's tallest skyscraper and the eleventh tallest building in North America. and Toronto-Dominion Centre As Canada's leading overnight courier company, Purolator Courier Ltd of Mississauga, Ontario is committed to making shipping the easiest part of the day for its customers. From automated solutions to 24 hour pick up and delivery, Purolator provides customers with the services and customized solutions required to get their shipments across town or around the world. Purolator operates Canada's largest dedicated air express fleet. Purolator has an extensive service network, with over 13,000 employees, including more than 4,000 couriers, over 140 operations locations, over 170 Shipping Centres, over 490 Authorized Shipping Agents and more than 480 drop boxes. Purolator processes over 5.5 million pieces (delivery and pick up) each week for destinations across Canada and around the world. For more company information please visit our website at www.purolator.com. Azure Dynamics Corporation provides Hybrid Electric Vehicle technology for light and medium duty commercial vehicles in urban areas. Azure is a public company trading on the Canadian TSX Exchange. The company is currently working with various partners and customers worldwide including Purolator Courier, Canada Post, London Taxis International, Leyland Product Development, Renault Trucks UK, and the United States Postal Service. Azure has employees based in Canada, the United States and the United Kingdom. Azure Dynamics has received Government of Canada The Government of Canada is the federal government of Canada. The powers and structure of the federal government are set out in the Constitution of Canada. In modern Canadian use, the term "government" (or "federal government") refers broadly to the cabinet of the day and support through Technology Partnerships Canada ("TPC"). TPC is mandated to provide funding support for strategic research and development that will produce economic, social and environmental benefits to Canadians. The TSX Exchange does not accept responsibility for the adequacy or accuracy of this release. Azure Dynamics Corporation (TSX:AZD) |
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