Transit Connect Battery Electric Vehicle E450 Balance PLUG-IN Hybrid Electric VEHICLE

1. Transit ConnectBattery Electric VehicleE450 Balance PLUG-IN Hybrid Electric VEHICLE

2. Who is Azure Dynamics? • Azure Dynamics is the industry leader in hybrid electric and electric powertrain solutions in the Class 3 & 4 vehicle segment.

3. Azure Dynamics (AZD) is a leader in the development and commercialization of technology for highly-efficient, cost-effective and environmentally-friendly hybrid electric and electric powertrain solutions. Headquartered in Detroit with offices in Vancouver, Boston, Toronto and the UK • AZD’s history dates back 20+ years (formerly Solectria) • • 100+ engineers/techs comprise one of the largest, most experienced, hybrid-electric & electric powertrain groups worldwide • • Over 25 million miles of “on the road” experience • The Azure Brand

4. Transit Connect Electric • Ford Motor Company, collaborating with Azure Dynamics, introduced an Electric Transit Connect commercial van to market in 2010. Dual Badge • Azure has integrated its proprietary Force Drive™ battery electric drivetrain into the Transit Connect Electric.

5. Transit Connect Electric • Transit Connect Electric will build on the existing business relationship between Ford and Azure as well as their shared experience with the battery supplier, Johnson Controls-Saft.

6. Transit Connect Electric What is it? Ford’s first dedicated small commercial van • Versatile • Spacious • Hard-working • Proven • Electric

7. Transit Connect -- History • Over 600,000 sold since 2003 to customers in 58 countries on 3 continents (gas version). • Introduced to North America in 2009; has proven to be a big success. • Designed, engineered and manufactured on a dedicated global commercial vehicle platform to meet tough commercial vehicle durability standards.

8. Battery Electric -- Why Buy? • Car-like driving dynamics, cargo capacity, accessibility, low purchase and operation costs. • For commercial users traveling predictable, short-range routes with frequent stop-and-go driving in urban/suburban environments, a BEV makes sense. • For customers seeking sustainable mobility solutions, the Transit Connect Electric provides a zero emissions option. reduced operating costs environmentally friendly

9. Transit Connect Electric—Hero Card

10. Transit Connect Electric --Specifications • safety • FMVSS certified • Collapsible steering column • Tire pressure monitoring system • Driver and front passenger airbags and front seat side impact airbags • attributes • 114.6 in wheelbase with high roof • XLT trim package • Van or wagon available • 2nd row sliding doors, both sides • Exterior rear panel for advertising battery electric propulsion system upfitted by azd • 28 kWh lithium ion battery supplied by Johnson Controls-Saft • Driving range up to 80 miles (UDDS cycle) • Charge time 6-8 hrs w/240V/30A • Top speed 75mph • Able to ascend a 20% grade • Ambient operating temp -30F to 120F WEIGHTS/PAYLOAD • GVW 5005 lbs • Payload 1000 lbs (est) • Interior cargo volume 135 cu ft Some power reduction may occur above 110F. Lower ambient temperatures require preconditioning. Specifications are preliminary and subject to change at introduction.

11. Transit Connect Electric Program Timing • Feb 2010 Introduced at Chicago Auto Show • May 2010 Priority production "Slot List" • Sep 2010 Drivable demos • Dec 2010 First units to Lead Customers • Apr 2011 Start of full production • Will be sold by Azure with Ford's support via selected Ford dealers

12. Balance™ Hybrid ElectricStripped & Cutaway Chassis

13. AZD’s Value Proposition Challenges commercial fleets face today… Fuel costs are high and going higher Greenhouse gas regulations are a big issue and getting bigger Maintenance costs increasing AZD is part of the solution! 30-40% Increase in fuel economy 30% Reduction in greenhouse gas emissions 30% Reduction in maintenance costs Even more improvements for PHEV!

14. Ford E450 BalanceTM Hybrid • Parallel hybrid technology • Anti-idle compliant • Only hybrid in its class with engine-off capability as standard • Only gasoline-powered hybrid in its class • E85 compatible • Meets Buy America/ADA • 7 yr/200,000 mile Altoona-tested

15. Ford E450 BalanceTM Hybrid Base Specification • Ford E450 Chassis • 14,050 lbs GVWR • Shuttlebus or truck • 158” and 176” wheelbase • 5.4 Liter V8 gasoline engine • 5 spd automatic transmission

16. BalanceTM Hybrid System Layout Energy Savings Pie

17. AZD’s Growing BalanceTM Hybrid Customer Base • Commercial truck (over 500 operating/on order) • FedEx, Purolator Courier, AT&T, Cintas, ConEd • Shuttlebus (over 180 operating/on order) • On state contracts in IL, MI, KY, WI, MN • Transit agencies in Seattle WA, Dallas/Fort Worth TX, central CO, Daytona Beach FL, southwestern OH, western NC • IKEA employee shuttle in Ontario • School district in Napa CA • NY City area towns and hospitals

18. BalanceTM Hybrid Fuel Economy and Emissions (non-PHEV) • Fuel economy and emissions testing obtained through use of Ford dynamometer at Ford’s engineering center • Sample load cycle designed to simulate a NYC urban drive cycle

19. Balance™ Hybrid Electric Plug-In • Plug-in version of Azure's Balance Hybrid Electric E-450 in development now • Demo vehicles 3Q2011, available for sale starting 1Q2012 • 14kWh JCS lithium-ion battery • Blended EV range of 10 miles • "Smart grid" interface

20. Balance™ E450 Hybrid System Summary • 25% less engine runtime = 25% less maintenance • 30-40% MPG improvement • EVEN BETTER FOR PHEV!! • E85 capable • Anti-idle compliant • Auxiliary systems supported with engine off (12V loads, air con, heat, power steering, power brakes) • 75% brake wear reduction – regenerative braking • 3X improvement in starter motor life • 3X improvement in 12V battery life

21. Thank you! Azure Dynamics Questions? Beth Silverman 781-897-6224 bsilverman@azuredynamics.com www.azuredynamics.com