October 25, 2010 (FinancialWire) (http://www.financialwire.net/) –  Azure Dynamics Corp. (TSX: AZD) (OTC: AZDDF), a hybrid electric and electric power train developer for the commercial truck and bus market, said it has appointed John Formisano to its board of directors. Formisano recently retired from Federal Express Corp. (NYSE: FDX), where he served as vice president  for global vehicles.

In that role, Formisano managed an annual budget of $350M and was responsible for the global selection, sourcing and maintenance of 96,000 vehicles and ground support equipment units. He joined FedEx in 1983 as a project engineer.

Formisano serves as chairman of the board of directors for CALSTART, a member-supported organization dedicated to the growth of a clean transportation industry, and is vice-chairman of the board of directors of Safe Kids Worldwide, a global network of organizations with a mission to prevent unintentional childhood injury. 

Michigan-based Azure Dynamics is targeting the commercial delivery vehicle and shuttle bus markets. 

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