The World's First CNG Powered Plug-In Hybrid Refuse Vehicle Hits the Pavement

  
    
  
  
    
      Odyne Corporation (OTCBB:ODYC), the leading developer of advanced 
      Plug-In Hybrid Electric Vehicle (PHEV) Technology, announced today that 
      the City of Fresno has held a press conference to debut and demonstrate 
      the World’s First Compressed Natural Gas 
      Refuse Vehicle equipped with Odyne's PHEV technology. The event was held 
      on May 15th, at the Woodward Park Amphitheater, 
      in Fresno, California.
    
    
      In attendance at the event were Fresno Public Utilities Director, Rene 
      Ramirez, Fresno Council of Governments Planner, Jason Paukovits, and 
      City of Fresno Deputy Mayor, Jeff Eben, who acknowledged the City of 
      Fresno’s Department of Public Utilities for 
      their extensive legwork necessary to accomplish the project. Mr. Eben 
      stated, “This truck is part of a citywide 
      energy conservation strategy. There is an expected 90% reduction in 
      smog-forming emissions.”
    
    
      Also on hand was Odyne Executive Vice President, Gus Sfakianos, who 
      stated, “Fresno’s 
      enthusiasm and desire for clean alternative fuels and Plug-In hybrid 
      systems has lead the way for the deployment of the world's first Plug-In 
      CNG Refuse Collection Vehicle. Four years ago, when the rest of the 
      country was trying to understand the future potential and advantages of 
      a Plug-In Hybrid, the City of Fresno, with its environmentally 
      progressive staff, wrote a specifications document for just such a 
      vehicle. Odyne responded by developing a rechargeable electric hybrid 
      drive system, that has become part of a citywide energy conservation 
      strategy, which will also serve to improve air quality.”
    
    
      Alan Tannenbaum, CEO of Odyne Corporation comments, "We are excited to 
      work with the City of Fresno, a city that has taken a leadership role in 
      transitioning towards cleaner, more fuel efficient technologies. It took 
      time to get started and even longer to complete, however, the vehicle is 
      finally operational and fully proven.”
    
    
      This Refuse Collector has a 10 mile engine-off, zero-emissions driving 
      mode of operation, and has the ability to plug into the grid, fully 
      recharging its batteries and offsetting its fuel consumption. It 
      consumes clean CNG fuel as opposed to diesel, making it the 
      first Plug-in Hybrid Electric Vehicle (PHEV) CNG Refuse Collection 
      Truck. The vehicle will quietly navigate through residential 
      neighborhoods, collecting trash, while not polluting the environment and 
      not consuming imported fuels. Odyne believes that this is the product of 
      the near future and Fresno has set the standard for other cities to 
      follow.
    
    
      Odyne's plug-in hybrid electric vehicle (PHEV) powertrain and battery 
      control technology enables buses and trucks to operate more efficiently. 
      By plugging the vehicle into the grid, which may be done at low-cost, 
      off-peak hours, the operator substitutes electricity for more expensive 
      vehicle fuel, displacing the imported oil used in diesel or gasoline 
      powered vehicles, and reduces emissions; the hybrid technology provides 
      increased fuel efficiency, and lower maintenance expenses.
    
    
      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.