Topic: How To Invest

Pat, could you comment on Azure Dynamics?

Article Excerpt

Azure Dynamics Corp., $0.34, symbol AZD on Toronto, (Shares outstanding: 626.9 million; Market cap: $210.0 million; www.azuredynamics.com) makes parts and systems for hybrid-electric and electric vehicles . Hybrid electric vehicles use a gas or diesel engine together with an electric motor. The company also makes power-train systems for delivery vehicles and shuttle buses. Azure’s “Balance” hybrid-electric systems are now used in the Ford E-450 commercial truck chassis. The company has also sold Balance systems to AT&T Inc., FedEx Corp., Con Edison, Inc. of New York, Purolator Courier and various government fleets. In October 2009, Azure and Ford teamed up to develop a purely electric Ford Transit Connect van for the U.S. and Canadian markets. On May 3, 2010, the companies extended the agreement to jointly develop the electric Transit Connect for the European market. On January 18, 2011, Azure announced that Purolator had placed an order for 600 vehicle systems. That’s the single largest order of hybrid-electric technology for Azure. Azure will…