Norwegian Post Becomes First Customer for Ford Transit Connect Electric Ford Motor Company and Azure Dynamics announce that Norwegian Post becomes the first European customer of the Ford Transit Connect Electric with order of 20 units The all-electric, zero-emission Ford Transit Connect Electric van has a targeted range of up to 130 km (80 miles) per full charge, and is ideal for fleet owners with well-defined routes Transit Connect Electric is the first of five new electrified vehicles Ford is bringing to market in Europe by 2013, including the Ford Focus Electric debuting next year OSLO, NORWAY, March 22, 2011 – Ford (NYSE:F) and Azure Dynamics Corporation (TSX:AZD) have confirmed their first European customer for the zero-emission Ford Transit Connect Electric van. Norwegian Post today signed a contract to purchase 20 Transit Connect Electric vehicles, with an option to order more vehicles in the future. Norwegian Post is the largest provider of mail and logistics services and the biggest employer in Norway. “The Norwegian Post will be an environmental leader in the mail and logistics industry by taking advantage of the latest technology available,” said Dag Mejdell, CEO, Norwegian Post. “In signing a contract for delivery of the new Ford Transit Connect Electric, the Norwegian Post is taking an important step towards its goal of reducing 150.000 tonnes of CO2 annually.” Ford and Azure are introducing the Transit Connect Electric in summer 2011, as increasing numbers of fleet operators are demanding the benefits of efficient, clean alternative power for their vehicles. With 28 kWh of power to call on, Transit Connect Electric has a top speed of 120 km/h (75 mph) and a range of up to 130 km (80 miles) on a full charge. “Transit Connect Electric was designed and engineered with customers like Norwegian Post in mind,” said Scott Harrison, Azure CEO. “The ForceDriveTM powertrain excels under the types of urban driving conditions that the Transit Connect Electric is likely to encounter during postal delivery routes. We’re honoured to have Norwegian Post as our inaugural customer in Europe and are eager to help them achieve the environmental, operational and performance goals that they seek.” Ford’s Global Electric vehicle plan The Ford Transit Connect Electric – Ford’s first all-electric vehicle in Europe – is the first of five electrified vehicles that Ford plans to launch in Europe by 2013. Next comes the Ford Focus Electric in 2012, followed by the C-MAX Hybrid and C-MAX Energi plug-in hybrid, as well as another hybrid electric model in 2013. For news releases, related materials and high-resolution photos and video, visit www.media.ford.com. Follow www.facebook.com/fordofeurope, www.twitter.com/FordEu or www.youtube.com/fordofeurope “By providing a variety of electrified vehicles, we are making it easier for our customers to embrace this fuel-saving technology,” said Thormod Skofsrud, managing director, Ford Norway. "This strategy is true to our heritage of making innovative technology available to as many people as possible and to our vision of developing great products.” Practical and affordable Transit Connect Electric will offer European operators the opportunity to eliminate petrol bills in their small vans and help to lower overall maintenance and running costs. Ford’s Transit Connect commercial platform is an ideal choice for battery electric power thanks to its unique combination of car-like driving dynamics, generous cargo capacity, easy accessibility and low operation costs. With a cargo volume 3.8 m3 and a payload of 500 kg, Transit Connect Electric will particularly appeal to operators who travel predictable, short-range routes with frequent stop and go driving. Transit Connect Electric can be recharged using standard European 220/240-volt outlets in approximately eight hours. Commercial van users generally return to a central location at the end of a driving cycle perfect for recharging over night. Zero emissions The Transit Connect Electric is a pure electric-powered version of the award-winning, longwheelbase Transit Connect light commercial vehicle. Azure’s proprietary Force Drive™ powertrain uses an advanced lithium ion battery pack designed by Johnson Controls-Saft to power the vehicle that produces zero tailpipe emissions. Azure’s ForceDriveTM powertrain has previously been deployed in more than 40 vehicle integrations and has more than 35 million miles of on-the-road experience. Tried and tested The Transit Connect Electric goes on sale in European markets this summer following its successful launch in North America in December 2010. 'Glider' units - complete vehicles except for the powertrain - are shipped from the Ford Otosan manufacturing facility in Kocaeli, Turkey, directly to an Azure-contracted up-fitter for final assembly. The completed Transit Connect Electric vehicles are then sold by Azure Dynamics through a specially-created network of dealerships. The European Transit Connect Electric will be badged with both the Ford Blue Oval and Azure’s Force Drive logo. Transit Connect Electric builds on an existing relationship between Ford and Azure and battery supplier Johnson Controls-Saft. “Transit Connect Electric exemplifies how we are leveraging our relationships as well as our hybrid and advanced powertrain programs to bring energy-efficient technologies from the laboratory to the street,” said Derrick Kuzak, Ford group vice president, Global Product Development. “Not only is this an ideal vehicle for eco-conscious fleet operators, it is an important part of Ford’s future.” 2 For news releases, related materials and high-resolution photos and video, visit www.media.ford.com. Follow at www.facebook.com/ford, www.twitter.com/ford or www.youtube.com/fordvideo1 Transit Connect Electric Technical data Body 'Glider' assembly at Ford Otosan plant in Kocaeli, Turkey Final assembly by Azure Dynamics Corporation Propulsion architecture Siemens AC induction motor, Azure Dynamics inverter Borg-Warner transaxle, Johnson Controls-Saft battery pack System voltage range 260V – 380V Electric drive system Motor Siemens model 135, 3-phase AC induction motor, 300V nominal, liquid-cooled Torque 158 Nm (continuous) / 235 Nm (peak) Transmission Borg-Warner 31-03, single-speed Gear ratio 8.28:1 IEC 62196 type 1 Battery Johnson Controls-Saft lithium-ion pack Capacity 28 kWh, 16 modules / (192 cells) Voltage range 215V – 390V / charger – 3.3 kW Weights and capacities Maximum payload 500 kg Curb weight 1791 kg (est.) Cargo volume 3.8 m3 Performance Driving range up to 130 km (80 miles) per full charge Charge time of around 8 hours for full cycle using 230 V Top speed 120 km/h (75 mph) Acceleration 0-100 km/h (0-60 mph) in 12 seconds (based on kerb weight) 0-100 km/h (0-60 mph) in 15 seconds (based on gross vehicle weight rating) ### About Ford Motor Company Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 164,000 employees and about 70 plants worldwide, the company’s automotive brands include Ford and Lincoln. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford’s products, please visit www.fordmotorcompany.com. 3 For news releases, related materials and high-resolution photos and video, visit www.media.ford.com. Follow at www.facebook.com/ford, www.twitter.com/ford or www.youtube.com/fordvideo1 Ford of Europe is responsible for producing, selling and servicing Ford brand vehicles in 51 individual markets and employs approximately 66,000 employees. In addition to Ford Motor Credit Company, Ford of Europe operations include Ford Customer Service Division and 22 manufacturing facilities, including joint ventures. The first Ford cars were shipped to Europe in 1903 – the same year Ford Motor Company was founded. European production started in 1911. About Azure Dynamics Azure Dynamics Corporation (TSX: AZD)(OTC: 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 a variety of 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. For news releases, related materials and high-resolution photos and video, visit www.media.ford.com. Follow www.facebook.com/fordofeurope, www.twitter.com/FordEu or www.youtube.com/fordofeurope Note: This information reflects preliminary specifications and was correct at the time of going to print. However, Ford policy is one of continuous product improvement. The right is reserved to change these details at any time. Forward-Looking Statements Advisory Certain information included in this press release constitutes forward-looking statements and information and future-oriented financial information under applicable securities legislation and is provided for the purpose of expressing management’s current expectations and plans for the future. 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This is not an exhaustive list and additional information on these risks and other factors that could affect Azure’s operations and financial results are 4 For news releases, related materials and high-resolution photos and video, visit www.media.ford.com. Follow at www.facebook.com/ford, www.twitter.com/ford or www.youtube.com/fordvideo1 included in reports on file with the Canadian securities regulatory authorities and can be accessed through the SEDAR website 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. Additionally, Azure undertakes no obligation to comment on the expectations of, or statements made by, third parties about Azure. Contact: Volker Eis Ford of Europe +49 221 9019096 veis@ford.com Contact: Gary Whittam Azure Dynamics, Europe +44 (0) 1277 725 652 gwhittam@azuredynamics.com Contact: Pat Liebler Liebler Group 248-229-4418 pat@lieblergroup.com 5 For news releases, related materials and high-resolution photos and video, visit www.media.ford.com. Follow at www.facebook.com/ford, www.twitter.com/ford or www.youtube.com/fordvideo1