OAK PARK, MI, Nov. 28 /PRNewswire-FirstCall/ - Azure Dynamics Corporation
("Azure" or the "Company"), a leading developer of hybrid electric and electric powertrains for commercial vehicles announces a significant milestone as its Canadian facility in Burnaby, British Columbia has become certified to the ISO 9001:2000 Quality Management System standard. The certification of compliance to ISO 9001:2000 recognizes that the policies, practices and procedures of the Company ensure consistent quality in the products and services that are provided to the customer. The process of becoming certified to ISO 9001:2000 consists of a stringent evaluation process including the development of a quality management system, a formalized review of the related documentation, a pre-audit, an initial assessment and the clearance of all non-conformances, all of which are intended to identify corrective actions that eliminate non-conformance to the quality management standard. Azure Dynamics received its ISO 9001:2000 certificate of registration from BSI Management Systems on November 1, 2007. The Company's Woburn Massachusetts facility has been certified to ISO 9001:2000 since October of 2003. ISO 9001 is accepted worldwide as the inclusive international standard that defines quality. About Azure Dynamics Azure Dynamics Corporation
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.
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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.
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