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 loses $5.69-million in third quarter 2009-11-12 22:29 ET - News Release Mr. Ryan Carr reports AZURE DYNAMICS ANNOUNCES THIRD QUARTER 2009 RESULTS
Azure Dynamics Corp. today released its third quarter financial results for the period ending Sept. 30, 2009. The company also provided an overview on product development activities.
"While the automotive and commercial vehicle industries struggled along with the rest of the economy to recover during the quarter, we saw definite signs of improvement and opportunity," said Scott Harrison, Azure chief executive officer. "Interest from our current and prospective customers picked up significantly and several new orders that had been on hold were released late in the quarter and into the fourth quarter. We see that trend continuing to improve as we move closer to the end of the year."
Mr. Harrison said that interest in fuel-efficient green products continues to mushroom in the commercial vehicle industry and that as federal stimulus funds are released he expects more companies and municipalities to take advantage of them to order vehicles equipped with Azure technology.
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