Fairfield, Connecticut.
- On September 22, Azure announced the sale of two hybrid electric
NEXBUS school buses to Durham School Services, a subsidiary of
National Express Corporation (NEC). NEC manages more than
16,000 school buses in North America. NEXBUS utilizes Azure's
Balance(TM) Hybrid Electric drivetrain with a Collins school bus
body.
The Company's fiscal 2009 third quarter financial statements and MD&A are available at
www.sedar.com or on
the Company's website at
www.azuredynamics.com.
About Azure Dynamics
Azure Dynamics Corporation (TSX: AZD) 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.
The TSX Exchange does not accept responsibility for the adequacy or
accuracy of this release.
Forward-looking Statements
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.
The forward-looking statements are based on certain key expectations and assumptions made by Azure,
including expectations and assumptions concerning achievement of current timetables for development
programs, target market acceptance of Azure's products, current and new product performance, availability and
cost of labour and expertise, and evolving markets for power for transportation vehicles. Although Azure
believes that the expectations and assumptions on which the forward-looking statements are based are
reasonable, undue reliance should not be placed on the forward-looking statements because Azure can give no
assurance that they will prove to be correct. Since forward-looking statements address future events and
conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ
materially from those currently anticipated due to a number of factors and risks. These include, but are not
limited to, the risks associated with Azure's early stage of development, lack of product revenues and history of
losses, requirements for additional financing, uncertainty as to commercial viability, uncertainty as to product
development and commercialization milestones being met, uncertainty as to the market for Azure's products
and unproven acceptance of Azure's technology, competition for capital, product market and personnel,
uncertainty as to target markets, dependence upon third parties, changes in environmental laws or policies,
uncertainty as to patent and proprietary rights, availability of management and key personnel, and acquisition
integration risk. These risks are set out in more detail in Azure's annual information form which can be
accessed at
www.sedar.com.
The forward-looking statements contained in this press release are made as of the date hereof and Azure
undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as
a result of new information, future events or otherwise, unless so required by applicable securities laws.
-------------------------------------------------------------------------
Azure Dynamics Corporation
Consolidated Balance Sheet
(Stated in Thousands)
September 30 December 31
As at 2009 2008
-------------------------------------------------------------------------
$ $
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