Odyne Corp. Enters into Sales and Marketing Agreement With Creative Bus Sales, Inc.
Odyne Corporation (OTCBB:ODYC), a leading developer of advanced plug-in hybrid electric vehicle (PHEV) technology for trucks and buses, today announced an alliance with Strategic Bus Sales, Inc., the nation’s largest commercial bus dealership.
Roger M. Slotkin, CEO of Odyne Corporation, commented, “We are excited to partner with Creative Bus Sales, as it opens up an important new sales channel for Plug-In Hybrid Electric Buses containing our propulsion system technology. Creative’s installed customer base consists of municipalities and private bus companies around the country, and Creative has earned a reputation for quality and service over the years. Creative sells both new and used buses, affording us the opportunity to market retrofitting in used buses or installation of our technology into new ones.”
Mr. Slotkin continued, “While our partnership with Creative Bus Sales is focused on sales to the end-users, Creative is also the single largest customer for many of the leading bus manufacturers around the country–providing us an attractive platform to educate the OEMs on the benefits and cost savings associated with our technology.”
Mr. Tony Matijevich, President of Creative Bus Sales, stated, “We look forward to adding clean technology buses containing Odyne’s propulsion systems to our product mix. With rising fuel prices and concerns about the environment escalating over the years, municipalities and private bus companies are demanding vehicles that minimize pollution, while reducing operating and fuel costs. We believe that many of our customers will readily see the benefits of purchasing buses containing Odyne’s technology.”
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.
About Creative Bus Sales, Inc.
Creative Bus Sales was founded in 1980 and is the nation’s largest commercial bus dealership, representing ElDorado National, Startrans, Starcraft, Champion, Goshen Coach, Krystal, General Coach, Turtle Top,Braun Vans and the Hybrid Gas-Electric CitiBus for Shuttle, Fixed-Route or Dial-A-Ride Paratransit operations. The company inventories a large selection of new and used buses, raised top vans, and low-floor mini vans that are ready for immediate delivery.
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.