Wednesday, May 26, 2010

Cintas Corp. (CTAS) Orders 100 Azure Dynamics (AZDDF.PK) Hybrid Vans

Azure Dynamics Corp. develops hybrid electric and electric components for commercial vehicles. The company today announced it is on track with its mission of ‘’Driving a World of Difference’ by providing Cintas Corp. (Nasdaq: CTAS) with its Balance(TM) Hybrid Electric walk-in vans.

Cintas provides highly specialized services to businesses of all types throughout North America; the company will begin deploying Azure Dynamics vans at its California facilities. This implementation qualifies the company for the state’s Hybrid Voucher Incentive Program funding with incentives of $25,000 per unit.

Dan Braun, senior vice president of Value Improvement Initiatives at Cintas, said securing the 100-unit order is in line with its mission to become a more environmentally friendly operation.

“We’re excited to be implementing this environmentally friendly solution for Cintas, and this order of 100 Azure Dynamics Balance(TM) Hybrid Electric vehicles is a significant first step in establishing our commitment to a greener fleet, and being socially responsible. In completing our due diligence, we selected Azure Dynamics hybrid electric system which combines with the Ford gasoline engine that is part of the current Cintas fleet. The engine-off-at-idle is also important feature of the hybrid electric to ensure reduction of vehicle emissions during the daily operation of our vehicles,” Braun stated in the press release.

The 100 units will be deployed in Sacramento, San Leandro, and Ontario, California, and represent the first large-scale deployment of green technology in the Cintas fleet. Cintas said it will evaluate options to integrate green fleet technology to more of its locations in the United States and Canada.

“We also benchmarked other fleets that have incorporated Azure Dynamics technology; most notably Purolator Courier. Purolator has a fleet that operates in similar conditions to ours, and has operated the hybrid electric vans for several years. This gave us confidence in the Azure Dynamics van’s ability to meet our durability and performance requirements,” said Kenneth Hoglund, director of Fleet Management at Cintas.

For more information, visit www.azuredynamics.com

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