TORONTO, Canada, September 20 /PRNewswire/ --     Azure Dynamics Corporation (TSX: AZD; LSE: ADC) ("Azure" or the 
"Company") a leading developer of hybrid electric and electric powertrains 
for commercial vehicles is pleased to announce that it has been presented 
the 2007 Deloitte Technology Green 15 awarded as a top performer in 
environmental technology.

Now in its 10th year the Deloitte Technology Fast 50 is a brand name for
honouring business growth, technological innovation and Canadian
entrepreneurial spirit.

Scott Harrison, Azure's CEO commented, "Azure has received a number of
awards over the last few years, all of which have been a tribute to the
dedication and talent of our employees. This award further validates the 
Azure solution as recognized by our partners like Ford and Kidron as well as
customers like Fed Ex and Purolator."

A list of awards Azure has received to date:

    -   Sustainable Energy Pioneer Award for 2006
    -   Frost & Sullivan 2005 Technology Leadership of the Year Award
    -   EAST Awards 2005 - United Kingdom
    -   2004 Van of the Year Award - United Kingdom
    -   2003 Canadian Energy Efficiency Award
    -   British Columbia 2003 Regional Innovation Award
    -   2002 Applied Energy Innovation Award
    -   NESEA 2001 American Tour de Sol
    -   NESEA 2000 American Tour de Sol
    -   1989 - 1999, American Tour de Sol



For more information on these awards please visit Azure's website at:
http://www.azuredynamics.com/awardpatents.htm



About Azure Dynamics

Azure Dynamics Corporation (TSX: AZD; LSE: ADC) 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.

The TSX and LSE Exchanges do not accept responsibility for the adequacy
or accuracy of this release.

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 
http://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.

For more information, please visit http://www.azuredynamics.com.