Odyne Corp. to Host Mid-Quarter Conference Call and Provide Business Update

HAUPPAUGE, N.Y.--Odyne Corporation (OTCBB: ODYC), a leading developer of advanced plug-in hybrid electric vehicle (PHEV) technology for trucks and buses, today announced that it will host a conference call at 11:00 a.m. Eastern Time on Friday, June 15, 2007. During the call, Roger Slotkin, chairman and chief executive officer, will provide an update on the business. The company will also answer a representative sampling of shareholder questions that may be submitted to odyne@crescendo-ir.com by Tuesday, June 12, 2007.

The telephone number for the conference call is 1-866-215-0058. A live webcast of the call will also be available on the Investor Relations section of Odyne Corporation’s website at http://www.odyne.com. To listen to the live call online, please visit the site at least 10 minutes early to register, download and install any necessary audio software.

The webcast will be archived on the site, and investors will be able to access an encore recording of the conference call for one week by calling 1-866-245-6755, ID # 336632. The encore recording will be available two hours after the conference call has concluded.

About Odyne Corporation

Odyne Corporation is a clean technology company that develops and manufactures propulsion systems for advanced Plug-in Hybrid Electric Vehicles (PHEV), specifically medium and heavy-duty trucks and buses. The company has developed a proprietary system combining electric power conversion, power control and energy storage technology, with standard electric motors, storage batteries and other off the shelf components to create a lower fuel cost, lower operation and maintenance cost, substantially lower emission and quieter vehicle. Odyne’s PHEV systems are series configuration hybrids with significant advantages over the parallel architecture used in hybrid passenger cars. Visit www.odyne.com for more information.

Forward-Looking Statements

This news release contains certain “forward-looking statements,” related to the business of Odyne which can be identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties, including uncertainties relating to product development and commercialization, regulatory actions or delays, the ability to obtain or maintain patent and other proprietary intellectual property protection, market acceptance, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the U.S. Securities and Exchange Commission. Odyne is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.