Odyne Corporation Expands Board of Directors

  
    
  
  
    
      Odyne Corporation (OTCBB:ODYC), a leading developer of advanced Plug-In 
      Hybrid Electric Vehicle (PHEV) technology, today announced that the 
      Board of Directors voted to add a sixth director to the board, naming 
      Mr. Jeffrey H. Auerbach as a Director. Mr. Auerbach, age 37, is the 
      Senior Vice President, Private Client Group, of vFinance Investments, 
      Inc., where he has been a registered representative for five years. 
      vFinance Investments is a subsidiary of vFinance, Inc., a publicly-held 
      financial services firm headquartered in Boca Raton, Florida, with 
      offices in New York, New York.
    
    
      Alan Tannenbaum, Director and Chief Executive Officer, commented “Odyne 
      Corporation will benefit from the experience and perspective that Mr. 
      Auerbach brings to the Board. I join with all of the other directors in 
      welcoming Jeff to the Board.”
    
    
      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 
      that enables vehicles to have lower fuel, operating and maintenance 
      costs with substantially lower emissions. 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.