Odyne Corporation, a clean technology company, engages in the development and manufacture of propulsion systems for advanced Plug-in Hybrid Electric Vehicles (PHEV) for medium and heavy-duty trucks and buses by integrating its proprietary electric power conversion, electric power control and energy storage systems with a range of components, including electric motors and storage batteries. The company’s Plug-in Hybrid Electric Vehicle systems are either series or parallel configuration hybrids that are optimized for different applications. The company’s Plug-in Hybrid Electric Vehicle system integrates off-the-shelf products, advanced control systems and build-to-order propulsion system. It has developed a Plug-in Hybrid Electric Vehicle propulsion system for Class 6, 7 and 8 trucks and buses that encompasses proprietary battery and thermal management technology. Class 6, 7 and 8 are vehicle weight classifications for semi-trucks, busses and trailers. The customers for its Plug-in Hybrid Electric Vehicle systems include original equipment manufacturers (OEMs), municipalities, and private fleet operators. The company provides series and parallel propulsion systems consisting of a control area network, appropriate driver interface controls, and a selection of other major components. Its configurable propulsion system products are available for various heavy-duty bus and truck fleet operations in either all-electric configurations. Strategic Partnerships and Strategic Relationships The company has developed strategic relationships and strategic partnerships to further the development and manufacturing of its PHEV system for medium and heavy-duty vehicles. Long Island Power Authority: Long Island Power Authority, the electric utility serving southeastern New York, has agreed to work with the company to promote its PHEV technology and to collaborate with the company on product demonstrations. Through the Electric Power Research Institute, Long Island Power Authority is participating in the Global Grid Connected Vehicle Project, as well as various other electric vehicle programs. ElDorado National: ElDorado National, a subsidiary of Thor Industries, Inc., has agreed to supply bus gliders and bodies for a Long Island Power Authority/Odyne pre-production demonstration program and future projects. General Electric: General Electric supplies the company with AC induction traction drive motors. Bosch Rexroth Corporation: Bosch supplies the company with generators, motors and drives that are used in a range of vehicles that are being deployed. Plug-In Partners National Campaign: The company is a founding member in the Plug-In Partners National Campaign, a national grass-roots campaign created to demonstrate the existing market for flexible-fuel PHEVs. New York State Energy Research and Development Authority: The New York State Energy Research and Development Authority is a public benefit corporation. Approximately 400 New York State Energy Research and Development Authority research projects help the State of New York’s businesses and municipalities with their energy and environmental problems. EnerSys: EnerSys supplies the advanced lead-acid batteries used in constructing its PHEV system. Competition The company's potential competitors include Toyota, Honda, Ford, Daimler Chrysler and General Motors. In addition, it identifies competition from Eaton Corporation, Azure Dynamics, Inc. and Enova Systems, Inc., as well as ISE Research Corporation, a private company. History Odyne Corporation was founded in 2001.
(ODYC:OTC Markets Group Inc - No Information)
89 Cabot Court
Hauppauge, NY 11788
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