Azure's GBP15m funding boost.
Investors Chronicle - magazine and web content, October, 2007
Azure Dynamics has raised funds in an attempt to accelerate its previously pedestrian progress Graeme Davies
Electric vehicle specialist Azure Dynamics has completed a C$30m (GBP15.1m) fundraising to help fund product development and marketing. Azure has a deal with Ford for urban delivery vans and this month announced a deal with Kidron for its low emission power systems, to be used on refrigerated trucks.
Azure's shares have been awful performers, suffering from a stock overhang and slower than expected corporate progress. But with deals and funding in place, at 18.25p, the shares rate speculative good value.
GoodValue
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