Odyne Systems Awarded DOE and SCAQMD Contracts

WAUKESHA, Wis., Aug. 30, 2011 /PRNewswire/ -- Waukesha, Wisconsin based Odyne Systems LLC, a leader in hybrid systems for medium and heavy duty trucks, has been awarded a $2.9 million Department of Energy Cost Shared Project with co-funding from the South Coast Air Quality Management District (AQMD) in California to further advance hybrid systems in commercial truck applications.

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Through this project, Odyne will install seven (7) Odyne Hybrid Power systems featuring advanced technology into bucket trucks and underground utility trucks which will be used in normal fleet operations across the United States. Odyne plans to work closely with one of its largest distributors, Terex Utilities, and its supply partner Remy Motors on the project.

Odyne will also use funds through the project to further develop its unique hybrid technology and evaluate the performance of demonstrator vehicles using Odyne advanced plug-in hybrid systems. Odyne hybrid systems improve the driving fuel efficiency of large trucks and significantly reduce fuel consumption and emissions at job sites by using extended stationary engine-off technology. Two of the vehicles will be deployed in the California South Coast Air Basin. It is expected that the project will extend the use of the Odyne advanced hybrid power system in the wider L.A. area.

Joe Dalum, President of Odyne Systems, LLC commented, "We are excited to deploy our newest hybrid technology into the California market and look forward to working with Los Angeles County, the largest county in the U.S., and the Los Angeles Department of Public Works, the largest municipal utility in the country, who have agreed to participate in the project."

AQMD executive officer, Barry Wallerstein, noted, "Plug-in hybrid technology has the potential to provide substantial air quality benefits for the South Coast region. This demonstration will help accelerate these benefits, especially in communities, neighborhoods and schools where these work trucks operate."

A leader in plug-in hybrid technology, Odyne has developed proprietary and patented hybrid technology combining reliable electric power conversion, power control and energy storage technology with Remy advanced electric propulsion motors, modular Johnson Controls-Saft battery systems and other robust, automotive quality components. Sold through a worldwide distribution network, the Odyne plug-in hybrid drive system reduces fleet operating and maintenance costs, and depending on duty cycle, enables large trucks to obtain fuel economy improvements of up to 50% or greater, compared to traditional diesel or gasoline engines.

About Odyne Systems, LLC

Odyne is a leader in hybrid drive systems for medium and heavy duty vehicles. Odyne's advanced plug-in hybrid technology enables trucks over 14,000 pounds to have substantially lower fuel consumption, lower emissions, improved performance, quieter job site operation and reduced operating and maintenance costs. Odyne has fielded more plug-in hybrid systems for work trucks to fleets throughout the United States than any other supplier. The company sells its unique modular hybrid system for new and retrofit applications direct to truck manufacturers and through a global distribution and service network. For further information, visit us at www.odyne.com and follow us on Twitter @Odyne.

About DOE

The mission of the Energy Department is to ensure America's security and prosperity by addressing its energy, environmental and nuclear challenges through transformative science and technology solutions.

About AQMD

The AQMD is the air pollution control agency for Orange County and major portions of the Los Angeles, San Bernardino and Riverside counties.

About Terex

Terex Corporation is a diversified global manufacturer operating in four business segments: Terex Aerial Work Platforms, Terex Construction, Terex Cranes, and Terex Material Processing. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, quarrying, mining, shipping, transportation, energy, refining, and utility industries. Terex offers a complete line of financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services. More information on Terex can be found at www.terex.com.

About Remy International, Inc.

Remy International, Inc., headquartered in Pendleton, Indiana, is a leading global manufacturer, remanufacturer and distributor of light duty starters and alternators and Delco Remy brand heavy-duty systems. Remy International also manufactures and distributes electric motors designed with leading edge technology and backed by the security of over a billion miles of proven reliability. In business for over 100 years, today Remy International is actively collaborating with companies throughout the world to develop innovations that are transforming the vehicle industry. For details about the HVH Series electric motors, please visit the Remy website at www.remyinc.com/hvh.asp.

SOURCE Odyne Systems, LLC