Azure Dynamics Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported revenues of $3.2 million compared to $1.3 million in the third quarter of 2008. Net loss was $5.7 million or $0.01 basic and diluted per share compared to a loss of $8.3 million or $0.03 basic and diluted per share in the third quarter of 2008. Loss from operations was $6.1 million compared to $8.2 million for the same period last year. Total cash flows from operating activities were $6.4 million or compared to $7.9 million for the same period last year. Acquisition of property and equipment was $67,000 compared to $577,000 for the same period last year. For the nine months, the company reported revenues of revenue totaled $5.0 million compared to $5.1 million in the same period a year ago. Net loss was $19.8 million or $0.05 basic and diluted per share compared to a loss of $24.3 million or $0.08 basic and diluted per share in the same period a year ago. Loss from operations was $20.0 million compared to $23.9 million for the same period last year. Total cash flows from operating activities were $17.5 million or compared to $26.1 million for the same period last year. Acquisition of property and equipment was $103,000 compared to $961,000 for the same period last year.

Azure Dynamics Corp. expected to Report Q3 2009 Results on November 17, 2009. This event was calculated by Capital IQ (Created on November 11, 2009).

Federal Express Corporation announced it will purchase 51 additional gasoline-electric hybrid vehicles from Azure Dynamics Corp. The FedEx fleet of hybrid electric and electric vehicles will total 325 when all 51 hybrid step-vans are delivered during November and December of 2009. Most of the new FedEx gasoline-electric vehicles will be put into service at a Bronx, N.Y., station, making it the first FedEx all-hybrid facility with about 100 trucks. With its electric-launch assist, engine-off at idle, and regenerative braking, the FedEx Azure gasoline-electric step-vans are well-suited for the tough start-and-stop conditions endured in the everyday traffic of one of the world's busiest cities. As a result, FedEx expects a fuel efficiency improvement of 30% while also reducing its carbon footprint.