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USA: Azure Dynamics Corporation : – Azure Dynamics Announces Board of Directors Update

Azure Dynamics Corporation : – Azure Dynamics Announces Board of Directors Update
04/26/2012 | 05:37pm
Azure Dynamics Announces Board of Directors Update
Burnaby, British Columbia – April 26, 2012 – Azure Dynamics Corporation, a world leader in the development and production of hybrid electric and electric components and powertrain systems for light and medium duty commercial vehicles, today announces that D. Campbell Deacon, Nicolas O. Brigstocke and Scott T. Harrison resigned from the Board of Directors effective April 20th 2012.
Given the Company’s current circumstances a reduction in the size of the board will reduce costs and support the current restructuring strategy. The Company wishes to acknowledge and thank each of these gentlemen for their service, support and many contributions made to AZD during their tenure.
The remaining board of directors J. Brian Colburn, John E. Formisano and James C. Gouin will provide direction and guidance to the management team while the Company pursues all options moving forward.

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 a variety of 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.

FOR MORE INFORMATION, CONTACT:
Mike Elwood
Vice President, Marketing
Tel: 416.953.4134
Source 4-traders.com

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