Azure Dynamics Corporation (TSX: AZD) a developer of hybrid electric and electric powertrains for commercial and military vehicles, on Oct. 5 announced it has signed an agreement with Ford Motor Company to enable Azure to develop a hybrid electric powertrain for Ford's E-series commercial platform.
Azure is responsible for the development of the parallel hybrid electric gasoline system that will be applied to Ford's E-series commercial vehicles. Azure will be the Vehicle Modifier and will complete the hybrid modification on the E-350 and E-450 commercial chassis. Ford, as the OEM of the incomplete commercial vehicles, will provide Azure with assistance to facilitate the development of the hybrid electric powertrain.
D. Campbell Deacon, Deputy Chairman and Chief Executive Officer of Azure Dynamics said, "The agreement includes an intention for Azure to enter into a Ford Ship-Thru agreement which would allow the modified vehicles to be offered through the Ford distribution network.
The Company estimates it has more than 25 million miles of vehicle experience. Azure Dynamics' operations are based in North America and Europe. Azure is currently working with various partners and customers, including Purolator Courier Ltd., Canada Post, United States Postal Service, Smith Electric Vehicles, Workhorse Custom Chassis, DRS Sustainment Systems, Inc. and AM General LLC.
A previous posts about Azure Dynamics is found here