Odyne Corp (ODYC)

Odyne Corporation was originally formed as a Technology Integration Group Inc. in the State of New York on August 3, 2001. On October 17, 2006, it changed its corporate name from Technology Integration Group Inc. to Odyne Corporation. It 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. Its Plug-in Hybrid Electric Vehicle systems are either series or parallel configuration hybrids that are optimized for different applications. The Company's environmentally friendly and cost-effective Plug-in Hybrid Electric Vehicle systems allow vehicles to operate at lower costs and with lower vehicle emissions. Its technology could be deployed in electric vehicles, hybrid electric vehicles and Plug-in Hybrid Electric Vehicles. Its Plug-in Hybrid Electric Vehicle solution offers several advantages to stand-alone alternatively fueled vehicles and vehicles powered by conventional internal combustion engines, including lower vehicle emissions and lower operating costs through greater fuel efficiency and lower maintenance costs. The Company"s current and prospective customers for its Plug-in Hybrid Electric Vehicle systems include original equipment manufacturers municipalities and private fleet operators. It has appointed FAB Industries as an agent within a defined geographic territory to sell, install and maintain its products into existing vehicles. It has also appointed Creative Bus Sales, Inc. of Chino, California as its sales agent in a specified territory with respect to the transit bus market. The Company competes with three different classes of competitors: vehicle manufacturers, component suppliers and systems companies. The Environmental Protection Agency and California Air Research Board currently regulate the emissions of heavy-duty vehicles such as trucks and buses having a gross vehicle under Environmental Protection Agency regulations.