Odyne Corp Strategy Dovetails with Strategic Energy Policy Initiatives in President’s State of the Union Address

HAUPPAUGE, N.Y.--Odyne Corporation’s (OTCBB:ODYC) long term business strategy encompasses key strategic policy initiatives articulated by President Bush to diversify the nation’s energy supply. The company’s development of plug-in hybrid drive train technology, as well as its innovative proprietary battery management systems, directly addresses Presidential directives for technology advancements in the areas of improved battery technologies and plug-in electric hybrids.

In the State of the Union Address, the President called for increased production and use of renewable fuels, including ethanol and biodiesel, and also highlighted the importance of clean diesel vehicles. The fuel agnostic Odyne system reduces both fuel consumption and emissions. Thus, Odyne technology is well positioned to play a significant role in helping to achieve both a reduction in national gasoline use as requested by the President, and increased use of biofuels to meet part of the nation’s transportation fuel requirements. The Odyne system provides customers the ability to customize vehicle applications using electric plug-in and hybrid technologies with any clean, renewable, and American fuel.

Responding to the President’s challenge, Odyne CEO Roger M. Slotkin states, “Odyne is committed to developing and installing state of the art power train systems to propel its plug-in hybrid into the marketplace for use in both new and used vehicles. Odyne’s goal of delivering systems that provide reductions in fuel consumption, and commensurate reductions in emissions and maintenance costs, will move the United States towards independence from foreign oil, and be achieved with a strong commitment from municipal and private fleet managers, along with support from state, local, and especially the federal government.”

Now that the President has presented his program to the nation, it is expected that the Department of Energy will proceed to carry out his directives through funding to its research and development programs. 2007 can be expected to offer numerous opportunities for firms able to meet the nation’s need to reduce dependence on foreign fuel sources through technology improvements.

About Odyne Corporation

Odyne Corporation is a clean technology company that develops and manufactures propulsion systems for advanced Plug-in Hybrid Electric Vehicles 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 off-the-shelf components including electric motors and storage batteries. Odyne’s Plug-in Hybrid Electric Vehicle systems are series configuration hybrids that offer customers significant advantages when compared to the more familiar parallel architecture found in hybrid passenger cars. Odyne’s environmentally friendly and cost-effective Plug-in Hybrid Electric Vehicle systems allow vehicles to operate at lower costs and with lower vehicle emissions.