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Odyne Corp. Expands Production Capabilities Through Strategic Supplier Agreement With Enersys

April 24, 2007

HAUPPAUGE, N.Y. – Odyne Corp., a developer of plug-in hybrid-electric vehicle (PHEV) technology for trucks and buses, has announced a strategic supplier agreement with EnerSys, an industrial battery manufacturer. EnerSys will supply Odyne Corp. with Genesis pure lead batteries for its plug-in hybrid-electric vehicles as Odyne ramps up production.

The Genesis pure lead batteries provide a high rate discharge capability, and are suitable for long duration standby, according to EnerSys. With a low-self discharge rate, high venting pressure, and greater than 99.7-percent recombination efficiency, Genesis pure lead batteries are designed for reliable service, even in extreme environments. Genesis pure lead batteries are durable, have a long shelf life, and are suited for Odyne’s plug-in hybrid-electric vehicles that are frequently starting, stopping, and have long idle times, according to EnerSys.

Roger M. Slotkin, CEO of Odyne, stated, “As battery technology advances and the price points improve, the advantages of plug-in hybrid technology are becoming more and more apparent. Utilizing a series architecture and our proprietary battery management technology, we can now reduce fuel cost for fleet operators by over 65-percent per mile when running the vehicle directly off a battery array that is charged by the regional electric power grid at nighttime off-peak rates.”

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