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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