Purolator Increases Purchase Order for Azure Hybrid-Electric Vehicles

14 August 2007

Purolator Courier Ltd., Canada’s largest courier company, has altered and increased its existing purchase order for Azure Dynamics hybrid-electric delivery vans.

Under terms of the initial purchase order (dated 15 September 2005), Azure supplied 19 HEVs to Purolator. Under terms of an amendment to the initial purchase order (dated 3 August 2006), Azure was to supply an additional 115 HEVs to Purolator. To date, 30 of these additional HEVs have been delivered to Purolator and are currently in service.

Under terms of the amended purchase order (dated 14 August 2007), Azure will supply the remaining 85 HEVs to Purolator on its new parallel hybrid-electric Ford E-450 platform. (Earlier post.) Further, Purolator has increased the order to include an additional 20 HEVs for a total of 105 HEVs on the Ford E-450 platform. Azure expects to deliver all 105 Ford E-450 HEVs in the third and fourth quarters of 2008.

We now have two major delivery fleet operators as lead customers for our new parallel hybrid-electric delivery van on the Ford E-450 platform. Looking ahead, our goal is to secure two additional major delivery fleet operators as lead customers by year end to further strengthen our order book and increase our production volumes with our key supply partners.

—Scott Harrison, CEO of Azure