This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Azure Dynamics hybrid technology approved in Michigan 2009-09-24 12:45 ET - News Release Mr. Jay Sandler reports AZURE DYNAMICS WINS MICHIGAN DEPARTMENT OF TRANSPORTATION CONTRACT Azure Dynamics Corp.'s Balance hybrid electric technology has been approved by the Michigan Department of Transportation (MDOT) for use by state transportation agencies on up to 50 buses. The MDOT contract creates a fixed price for up to 50 buses and will remain in effect for up to three years with a total maximum value of $5.6-million. Midwest Bus Sales is the dealership of record on the agreement and StarTrans Bus is the lead body manufacturer. MDOT will select a transit agency within the state to receive a first run pilot unit by year-end. "One of our core strategies at Azure is to partner with dealerships and body manufacturers so we can aggressively respond to state and county issued Request for Proposals (RFPs)," said Jay Sandler, Azure Dynamics vice-president of sales. "Recent sales to transit authorities in Kentucky and Minnesota were the result of state contract awards demonstrating the value of these relationships and we look forward to additional orders from Michigan agencies." The remainder is available to Stockwatch subscribers.
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