Azure Dynamics Corp. says it will supply 600 gasoline-electric hybrid vans to Canada’s Purolator Courier Ltd.
Called the largest hybrid vehicle order for the U.S. company, which specializes in modifying gasoline-powered vehicles to run partly or entirely on battery power.
According to published reports, Azure Dynamics will begin delivering 200 units in the third and fourth quarters of this year, with an additional 200 to come in 2012 and 2013.
Revenue is expected to increase from $22 million in 2010 to $60 million in 2011, CEO Scott Harrison told The Wall Street Journal.
Azure Dynamics will supply Purolator with its Balance Hybrid Electric vehicles, which are built on a Ford E450 chassis with a Ford 4.5-liter gasoline engine.
The vans' engine automatically switches to electric power when idle or traveling below 20 mph, improving fuel economy and reducing carbon emissions.
“Considering Purolator’s extensive real-world experience operating our Balance Hybrid Electric product in its fleet, this order is an especially rewarding product validation,” said Harrison.
“This order is also our first multi-year order in the hybrid electric truck market and helps us to build a predictable product backlog.”
Purolator operates a fleet of 3,500 vehicles. In 2005, Purolator was the first express transportation company in Canada to introduce hybrid electric vehicles.
Among the many Purolator locations receiving new hybrid electric vehicles, 43 have been added to the Halifax and Dartmouth fleet, making Purolator's City of Halifax fleet 100 per cent hybrid electric. An additional 60 Balance Hybrid Electric vans have been added in Guelph, while 19 have been added in Niagara, and finally, 79 in the Greater Toronto Area.
Azure Dynamics also announced an order of 50 more Balance Hybrid Electric units to a “leading logistics company” that could not be named at this time.