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Transportation & Fuel Source Technology

Plug-in Hybrid Partnership for Trucks and Buses

Odyne Corporation, the leading developer of advanced Plug-in Hybrid Electric Vehicle (PHEV) technology for trucks and buses, and FAB Holdings, a system integrator and service provider for alternative fuel storage vehicles, today announced a strategic sales and marketing alliance.

Under the agreement, FAB Holdings will have exclusive rights to distribute and install Odyne's propulsion systems in California, Nevada and Arizona. FAB will also repair and maintain Odyne's propulsion systems for Plug-In Hybrid Electric Vehicles.

Roger M. Slotkin, chief executive officer of Odyne, commented, "Our sales and marketing alliance with FAB is an important milestone and we look forward to building on our newly formed relationship. FAB is North America's largest supplier of complete compressed gas fuel storage systems to the transit industry and has strong relationships with OEMs of heavy duty vehicles, a key target market for Odyne. FAB's reputation among its customers for providing products and services to the alternative fuels sector gives us an important entree for the introduction of Odyne's technology, which we are confident will receive strong receptivity in the California market where environmental mandates are among the most stringent in the nation."

Ron Eickelman, President of FAB stated, "Odyne's propulsion system technology for Plug-In Hybrid Electric Vehicles is perfectly aligned with FAB's capabilities and distribution network. We believe the cost saving and environmental advantages offered by Odyne's technology will resonate well with the fleet operators and OEMs that we serve. We look forward to a long and prosperous relationship with Odyne."

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