ODYC Odyne Corporation (CE)

Odyne Corporation (OTCBB:ODYC), a clean technology company that develops advanced hybrid electric vehicle propulsion systems, announced today that it has been awarded U.S. Patent reference number 11/312,803 for its Battery Thermal Management System (BTMS). According to Joe Ambrosio, founder and CTO of Odyne, �The use of the technology embodied in this patent will improve the functionality and extend the operating life of battery packs used in mobile applications. Battery enclosures need to be placed within a variety of locations within a vehicle, sometimes not in the best place for keeping a battery at optimal temperatures. Batteries are like people, they like to be kept near or at room temperature. Our patented design allows for chilled or heated fluids to be pumped to the battery wherever it is located within the vehicle. " �Odyne is committed to being a leading developer of technologies for plug-in hybrid electric vehicles�, says Odyne CEO Alan Tannenbaum. He adds, �Our investment in Research and Development and the capabilities of our technical team are reflected in this patent.� Approved for patent is a battery tray enclosure, designed to provide a method for thermally managing commercially available battery modules through conduction cooling or heating. The BTMS provides several key features: such as protection from the environment, structural integrity, passive/active thermal management and the ability to scale the design for a variety of battery module shapes/sizes. Although the design can be used in any mobile application, Odyne�s BTMS is optimized for use in Class 6,7, and 8 buses and trucks where a variety of terrains and environmental conditions are experienced year round. 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.