OAK PARK, Mich., Oct. 17, 2011 /PRNewswire/ -- The Hertz
Corporation (NYSE: HTZ), the world's largest general use airport
car rental brand, and Azure Dynamics Corporation (TSX: AZD)(OTC:
AZDDF) ("Azure"), a world leader in the development and production
of hybrid electric and electric components and powertrain systems
for light and medium commercial vehicles, today jointly announced
the addition of the innovative Ford Transit Connect Electric van
into Hertz's fleet, a first for the car rental industry. The
five Hertz units will be deployed mid-November at multiple
locations as part of Hertz Entertainment Services and Hertz on
Demand car sharing.
(Logo:
http://photos.prnewswire.com/prnh/20110810/NY50373LOGO )
"Hertz Entertainment Services and Hertz on Demand customers have
unique vehicle needs and the Transit Connect Electric is a perfect
fit for customers looking for the latest in mobility solutions
while also achieving best in class sustainability practices,"
commented Mark P. Frissora, Hertz
Chairman and Chief Executive Officer. "We expect to deploy
the Transit Connect Electric in our B to B programs for customers
who need a light duty van with a high degree of cargo capacity as a
part of their fleet solutions."
"Since launching last year, a broad cross-section of businesses
including utilities, delivery companies and even law firms have
used the Transit Connect Electric to green their fleets," said
Nancy Gioia, director of global
electrification, Ford Motor Company. "With its new Transit Connect
Electric fleet, Hertz will allow even more businesses in a variety
of new industries to experience 100 percent electric and
zero-emissions driving."
"The value-add of working with a marquee rental company like
Hertz is that multiple end-users will get behind the wheel and
experience our Transit Connect Electric first hand," said
Scott Harrison, Azure Dynamics CEO.
"Although driving performance and cargo versatility will be
familiar compared to the conventional product, our Force Drive(TM)
powertrain runs entirely on electricity, producing zero tailpipe
emissions, and will likely be the first electric drive experience
for many of Hertz customers."
According to independent data, rental car companies collectively
operate approximately 1.63 million vehicles in the United States. As the economy gains
traction, it is expected that U.S. rental companies will add
vehicles to their fleets including fuel efficient 'green'
vehicles.
Hertz Entertainment Services rents vehicles to various studios
and entertainment companies that often choose to rent vehicles
during periods of increased activity. Hertz On Demand is a
pay-on-demand car membership club based on hourly rental services.
The Transit Connect Electric program is a chance for both
divisions to explore opportunities for the van's inclusion in the
fleet.
Hertz continues to improve the fuel economy of its vehicles
through is Global EV eco-mobility program, which is championing an
electric and plug-in hybrid vehicle mobility ecosystem that
incorporates transportation options that minimize the impact of its
operations on the environment and enables the company to continue
consistent sound environmental behavior.
The Ford Transit Connect Electric utilizes Azure's proprietary
electric powertrain system and Johnson Controls' advanced
lithium-ion battery to achieve a range of 50 to 80 miles depending
on auxiliary usage and drive cycle and is rechargeable using either
a 240-volt or standard 120-volt outlet. Commercial vans
generally return to a central location at the end of each driving
cycle making for easy overnight recharging. Use of the
Transit Connect Electric vehicles will also reduce fuel and
maintenance costs, as well as reducing greenhouse gas
emissions.
About Azure Dynamics
Azure Dynamics Corporation (TSX: AZD)(OTC: AZDDF) is a world
leader in the development and production of hybrid electric and
electric components and powertrain systems for light and medium
commercial vehicles. Azure is strategically targeting the
commercial delivery vehicle and shuttle bus markets and is
currently working internationally with a variety of 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.
About Hertz
The Hertz Corporation, a subsidiary of Hertz Global Holdings,
Inc. (NYSE: HTZ), is the world's largest airport general use car
rental brand, operating from approximately 8,500 locations in 146
countries worldwide. Hertz also operates one of the world's largest
equipment rental businesses, Hertz Equipment Rental Corporation,
through approximately 320 branches in the
United States, Canada,
France, Spain, China
and Italy. For more information
please visit www.hertz.com.
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SOURCE The Hertz Corporation