Transit Connect Electric Adds Emission-free Battery Power to Birmingham Commercial Vehicle Show Ford and Azure Dynamics will launch zero-emission full battery-electric Transit Connect Electric light commercial vehicle in June 2011 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 next year BIRMINGHAM, UK, Apr. 12, 2011 – Ford and Azure Dynamics Corporation (TSX: AZD) demonstrate further their global commitment to a comprehensive vehicle electrification programme by showcasing the zero-emission Transit Connect Electric van at the 2011 Birmingham Commercial Vehicle Show. The Transit Connect Electric shortly will go on sale, as Ford's first electric vehicle to be made available in Europe, and is also one of several electric Ford vehicles currently on test in the UK. Five electrified Ford vehicles, including a Focus Electric, C-MAX Hybrid and the C-MAX Energi plug-in hybrid, will be introduced in Europe and North America by 2013. “By providing a variety of electrified vehicles, we are making it easier for our customers to embrace this fuel-saving technology,” said Bill Ford, executive chairman, Ford Motor Company. “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, building a strong business and contributing to a better world.” Zero emissions The Transit Connect Electric Van is a pure electric-powered version of the award-winning, longwheelbase Transit Connect light commercial vehicle. Developed in conjunction with Ford's electric vehicles partner Azure Dynamics, Transit Connect Electric has a proprietary Force Drive™ battery electric drive train powered by an advanced battery pack from Johnson Controls-Saft. “Transit Connect Electric was designed and engineered with fleet customers in mind, especially for those seeking sustainable mobility solutions,” said Scott Harrison, Azure CEO. “Its quiet, clean and efficient Force DriveTM powertrain excels under the types of urban driving conditions that the Transit Connect Electric is likely to encounter during urban delivery routes.” 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 With 28kWh of power to call on, Transit Connect Electric has a top speed of 75mph (120km/h) and a range of up to 130 km/80 miles. Its lithium-ion battery pack is charged with a standard power outlet. Fully charging the batteries using standard European 230-volt outlets can be completed in approximately 8 hours.Practical and affordable Transit Connect Electric van will offer European operators the opportunity to eliminate conventional fuel bills in their small vans and help to lower overall running costs. Ford’s Transit Connect commercial platform is an ideal choice for battery electric power thanks to its true combination of car-like driving dynamics, generous cargo capacity, easy accessibility and low operation costs. With a cargo volume of 3.8 m3 and a payload of 500kg, Transit Connect Electric van will particularly appeal to fleet operators who travel predictable, short-range routes with frequent stop and go driving. Tried and tested The zero-emission, pure electric-powered version of the award-winning Transit Connect light commercial vehicle 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 - will be shipped from the Ford Otosan manufacturing facility in Kocaeli, Turkey, directly to an Azure-contracted manufacturing location in the UK for final assembly. The completed Transit Connect Electric van then will be 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, like its North American sibling. Further details and pricing for the Transit Connect Electric, which will be available in right- and left-hand drive configuration, will be released closer to launch. Force Drive™ components have previously been deployed in more than 40 vehicle integrations and have more than 35 million miles of on-the-road experience. Transit Connect Electric will offer fleet owners the opportunity to eliminate the use of petrol and help to reduce operating costs. A fleet of Transit Connect Electric test units is currently on test with the “Ultra-Low Carbon Vehicle Demonstrator” (ULCVD) program in the UK. Based in the London Borough of Hillingdon, a consortium of Ford, Scottish and Southern Energy and the University of Strathclyde has been providing Transit Connect Electric vans and a charging infrastructure for the ULCVD since 2010. The vehicles are in use by both the energy company and a number of evaluation drivers based in the area starting 2011, testing the technology’s suitability for potential future application in Ford’s European passenger car range. This BEV demonstration fleet is being created partly with public funding from the UK Government’s Technology Strategy Board (TSB), which promotes innovative industry-led projects that reduce CO2. 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 A first European fleet customer has already signed the orders: On March 22, 2011, Post Norway ordered a first batch of 20 Transit Connect Electric vans to support sustainable goods transport in their day-to-day business. "Together with Azure we are currently in contact with a considerable number of European fleets who are interested in setting up tenders for the Transit Connect Electric van," explained Jesus Alonso, Ford of Europe's director, Commercial Vehicle Marketing, Sales and Service. "We look forward to seeing Azure Dynamics deliver vehicles to a significant number of European fleet operators during the course of this year." “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.” 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 (net) Curb weight 1765 kg (est.) Cargo volume 3.8 m3 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 Performance Driving range up to 130 km (80 miles) per full charge Charge duration approximately 8 hours for full cycle using 230 V Top speed 120 km/h (75 mph)@ 0 percent grade 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. 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. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. 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 More particularly, this press release contains statements concerning Azure’s anticipated: business development strategy, customer orders, product deliveries, sales, revenue and revenue growth. The forward-looking statements are based on a number of key expectations and assumptions made by Azure, including expectations and assumptions concerning achievement of current timetables for development programs and sales, target market acceptance of Azure's products, current and new product performance, availability and cost of labor and expertise, and evolving markets for power for transportation vehicles. Although Azure believes that the expectations and assumptions used to develop the forward-looking statements are reasonable, undue reliance should not be placed on the forwardlooking 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 numerous risks and uncertainties that contribute to the possibility that the projections and forecasts in the forward-looking statements will not occur and that actual performance or results could differ materially from those anticipated in the forward-looking statements. These risks and uncertainties include, but are not limited to, the risks associated with Azure's stage of development, history of losses and lack of historical product revenues, uncertainty as to product development and sales milestones being met, product defect and performance risks, competition for capital and market share, uncertainty as to target markets, dependence upon third parties, changes in environmental laws or policies, uncertainty as to patent and proprietary rights, availability and retention of management and key personnel, exchange rate and currency fluctuations, uncertainties relating to potential delays or changes in plans with respect to product development or capital expenditures, the ability of Azure to access sufficient capital on acceptable terms, and environmental and safety risks. 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 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 Detlef Jenter Ford of Europe + 49 221 9018745 djenter@ford.com Contact: Gary Whittam Azure Dynamics, Europe +44 (0) 1277 725 652 gwhittam@azuredynamics.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