Azure Dynamics Corp. (Symbol: TSX: AZD) Company Name: Azure Dynamics Corp. HQ Location: Oak Park, MI Company Website: www.azuredynamics.com Shares Outstanding 626.66 Million Stock Price (Nov 11 2010) $ 0.285 Market Cap: $ 178.60 Million 52 Week Range 0.17 - 0.36 Average Daily Volume 771,237

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Azure Dynamics Corporation (Azure) is engaged in the development, production and sale of electric and hybrid electric components and powertrain systems for commercial vehicles. The Company has four wholly owned subsidiaries: Azure Dynamics Inc., Azure Dynamics Incorporated, Azure Dynamics Corporation of America and Azure Dynamics Limited. Azure has developed three primary product groups, which include full hybrid electric; mild hybrid electric; and pure electric solutions. + More info

• With many companies working on solutions for passenger cars, Azure is strategically targeting the commercial delivery vehicle and shuttle bus markets that has fewer competition and greater potential for near term growth.  These markets also have predictable driving schedules, stop-and-go movement and mileage needs to lend themselves to electric or hybrid vehicle solutions.
• The commercial fleet market, unlike passenger vehicle market is proving to be early adopters for greener solutions due to this corporate image need.
• Blue chip customer base.  For example some of the customers include Canada Post, US Postal Service, Fed Ex, Purolator, Cintas corporation (industrial laundry leader),  TruGreen lawn care provider among others. 
• Company has access to a global market with industry leading partnership with Ford Motor Company for the Ford Transit Connect Vehicle.
• Azure has expertise in the areas of vehicle controls software, power electronics, electric machine design, vehicle systems engineering and vehicle integration.
• AZD possess a portfolio of proprietary component products and an extensive industry supplier base to offer complete power train solutions to target markets including delivery vans, shuttle buses and electric drive applications.
• Company has a strong management team and has been attracting experts in commercial fleet vehicle market to its board
• Azure has many strategic partnerships with market leaders such as Ford, Utilimaster, StarTrans, Kidron, Johnson Controls and others. This allows the company to align itself with its vendors and to leverage its partners’ sales and distribution network
• Government emission regulations for vehicles are getting stringent. Azure’s products allow fleet owners to increase fuel economy and at the same time reduce greenhouse gas emissions
• Government incentives are expected to spur demand and allow faster adoption of Hybrid Electric Vehicle Technology.  Already the company is selling vehicles in jurisdictions like California which have incentives for early adopters. 
• Company is  taking steps to plan for significant cost reduction in production
• A developed product portfolio and customer base can makes Azure an interesting acquisition target for bigger players in auto and auto spare parts manufacturing sectors
• Company has a growing order backlog and it claims that it is on track to be profitable
• Well capitalized with good cash position of $24 Million dollars allows the company to invest for growth
• Company has a very high # of shares outstanding. This may lead to a reverse consolidation of shares in the future

• Even though Azure has revenues it is still not profitable. The company might require additional capital infusion to survive. This presents the shareholders with stock dilution risk 
• Markets interest on hybid technology depends highly on oil prices and government incentives.  Both can change without notice.
• Azure doesn’t manufacture complete end products. Its products are to be integrated into products manufactured by third parties. This allows the buyers of its products a choice to choose from other competing suppliers.

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