Former Magna International Executive Joins Board


 
TIDMADC 
 
Former Magna International Executive Joins Azure Dynamics' Board of Directors 
 
    OAK PARK, MI, April 27 /CNW/ - Azure Dynamics Corporation (TSX: AZD & 
LSE: ADC) ("Azure" or the "Company") a leading developer of hybrid electric 
and electric powertrains for commercial vehicles, today announced the 
appointment of J. Brian Colburn to its Board of Directors, subject to normal 
regulatory approvals and procedures. Colburn recently retired after serving as 
a senior executive at Magna International Inc. for almost 30 years. He 
replaces Robert A. Donaldson who is stepping down from the Azure Board of 
Directors after six years. 
    "Bob Donaldson was a valuable asset to the Board of Directors, and we'll 
miss his wise and knowledgeable counsel," said D. Campbell Deacon, Chairman of 
the Board for Azure Dynamics. "At the same time we are very happy to welcome 
Brian Colburn to the Board of Directors. Brian's extensive legal and business 
background will be of significant benefit to Azure in pursuing its overall 
goal 'to drive a world of difference'." 
    Mr. Colburn was called to the Ontario bar in 1970 and received his LLM in 
Business Law in 1981. After approximately 10 years of practicing law with a 
major Toronto law firm and serving as Canadian legal counsel for a large 
agricultural and industrial equipment company, he joined Magna in 1981 as 
Vice-President, Secretary and General Counsel. Since then he has held a number 
of senior management positions as Magna grew from $200 million to over $25 
billion in revenues and has been actively involved in corporate governance, 
human resources (including executive compensation), risk management and 
intellectual property and supervised global legal affairs. 
    Other that the information contained within the Appendix below, there is 
no other information pursuant to the appointment of John Brian Colburn (66) 
which is required to be disclosed under Schedule Two, Annex III (g) of the AIM 
Rules. 
 
                                  Appendix: 
 
    Within the past five years, John Brian Colburn has been and remains 
(unless otherwise stated) a director of the following companies: 
 
    Magna International Inc. 
    Global Automotive Components 
    CPI Plastics Group Limited - ceased as a director on 10 January 2009 
 
    CPI Plastics Group Limited was put into receivership on 10 January 2009 
which is on-going. Mr. Colburn was a director on the board of CPI Plastics 
Group Limited from 11 May 2006 until 10 January 2009 
 
 
    About Azure Dynamics 
    -------------------- 
 
    Azure Dynamics Corporation (TSX: AZD & LSE: ADC) 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 various 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. 
 
    The TSX Exchange does not accept responsibility for the adequacy or 
    accuracy of this release. 
 
    Forward-looking Statements 
 
    This press release contains forward-looking statements. More 
particularly, this press release contains statements concerning Azure's 
business development strategy, projected commercial revenues and product 
deliveries. 
    The forward-looking statements are based on certain key expectations and 
assumptions made by Azure, including expectations and assumptions concerning 
achievement of current timetables for development programs, target market 
acceptance of Azure's products, current and new product performance, 
availability and cost of labour and expertise, and evolving markets for power 
for transportation vehicles. 
    Although Azure believes that the expectations and assumptions on which 
the forward-looking statements are based are reasonable, undue reliance should 
not be placed on the forward-looking statements because Azure can give no 
assurance that they will prove to be correct. Since forward-looking statements 
address future events and conditions, by their very nature they involve 
inherent risks and uncertainties. Actual results could differ materially from 
those currently anticipated due to a number of factors and risks. These 
include, but are not limited to, the risks associated with Azure's early stage 
of development, lack of product revenues and history of losses, requirements 
for additional financing, uncertainty as to commercial viability, uncertainty 
as to product development and commercialization milestones being met, 
uncertainty as to the market for Azure's products and unproven acceptance of 
Azure's technology, competition for capital, product market and personnel, 
uncertainty as to target markets, dependence upon third parties, changes in 
environmental laws or policies, uncertainty as to patent and proprietary 
rights, availability of management and key personnel, and acquisition 
integration risk. These risks are set out in more detail in Azure's annual 
information form which can be accessed at www.sedar.com. 
    The forward-looking statements contained in this press release are made 
as of the date hereof and Azure undertakes no obligation to update publicly or 
revise any forward-looking statements or information, whether as a result of 
new information, future events or otherwise, unless so required by applicable 
securities laws. 
 
 
For further information: Ryan Carr, Chief Financial Officer, Tel: (248) 
298-2403 ext 1206, Email: rcarr(at)azuredynamics.com; Pat Liebler, Liebler 
Group, Tel: (313) 832-4376, Email: pat(at)lieblergroup.com; Stuart Skinner, 
Richard Kenny, Numis Securities Limited, as Nominated Adviser, Tel: +44 207 
260 1000; David Poutney, Numis Securities Limited, as Broker, Tel: +44 207 260 
1000 
(AZD. ADC) 
 
 
 
END
Azure Dyn (LSE:ADC)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024