Posted in | News | Transportation

Azure Dynamics Signs Agreement for Hybridization and Manufacturing of Vehicles

Feb 26 2008

Azure Dynamics Corporation a leading developer of hybrid electric and electric powertrains for commercial vehicles, today announced that it has signed a supply agreement with Utilimaster Corporation, a leading builder of step vans, commercial truck bodies and utility vehicles, for the assembly, hybridization and manufacturing engineering of Azure's P1 hybrid electric commercial delivery vans and shuttle buses.

"Azure first announced its planned partnership with Utilimaster in August 2007," said Scott Harrison, Azure's Chief Executive Officer. "Since then, significant progress has been made by both parties to reach production readiness. We are on track to begin delivery of production Ford E-Series parallel hybrid commercial delivery vehicles to our customers."

Under terms of the agreement, Azure provides Utilimaster with its P1 hybrid electric powertrains, which Utilimaster will integrate into Ford Motor Company's E-Series commercial chassis at Utilimaster's manufacturing facilities in Wakarusa, Indiana.

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