ODYC Odyne Corporation (CE)

Odyne Corporation (OTCBB:ODYC), a leading developer of advanced Plug-In Hybrid Electric Vehicle (PHEV) Technology, yesterday held its an Investor Conference Call and Webcast to review the company�s financial performance for 2007 and to deliver the management outlook for 2008. The Conference Call was hosted by Odyne�s CEO, Alan Tannenbaum, on Wednesday, April 2nd, at 1:30 pm, Eastern Time. A recording can be accessed via a link to the webcast, which is available on the company�s website, www.odyne.com. First discussed was Odyne�s partnership with Dueco, Inc., a leading manufacturer of vehicles for the utility industry. �An order for 25 PHEV systems was announced in December of 07,� Tannenbaum said, �it is a critical validation of our technology.� He followed by saying that Odyne has �delivered kits in the first quarter of 08 and expects deliveries to accelerate through the year.� He ended that segment remarking that �we are very excited and proud of our project with Dueco.� Mr. Tannenbaum went on to discuss the range of products Odyne delivered in 2007. �We believe these sales demonstrate the flexibility of our technology and its application to a variety of formats and fuel sources,� he said. Then outlined was the company�s strategic plan to deliver plug-in hybrid electric drive systems rather than vehicles. �We are concentrating on selling our proprietary technology to OEMs and truck and bus manufacturers. While we will continue to sell and upfit vehicles as we validate our technology in different applications, selling kits ultimately yields a variety of benefits for Odyne,� stated Mr. Tannenbaum. Mr. Tannenbaum announced that Odyne has an objective to deliver 40 PHEV systems in 2008. He concluded with a discussion of the positive margin implications of the strategic refocus. The conference call concluded with a series of investor questions. 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.