Odyne Corp. Featured At LI Cong. Steve Israel's (D-NY 2ND) Clean Alternative Fuel Vehicle Mini Expo and Discusses Funding for Upcoming Hybridization Projects.HAUPPAUGE, N.Y. -- Odyne Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ODYC), a leading developer of advanced plug-in hybrid electric vehicle A hybrid electric vehicle (HEV) is a vehicle which combines a conventional propulsion system with an on-board rechargeable energy storage system (RESS) to achieve better fuel economy than a conventional vehicle without being hampered by range from a charging unit like an powertrain (PHEV PHEV Plug-in Hybrid Electric Vehicle PHEV Porcine Hemagglutinating Encephalomyelitis Virus PHEV Pigeon Herpes Encephalomyelitis Virus PHEV Pneumatic Hybrid Electric Vehicle ) technology for trucks and buses, met with Cong. Steve Israel For the football player of the same name see Steve Israel (football player). Steven Israel (born May 30, 1958) is an American politician from the state of New York, currently representing the state's 2nd congressional district (map), in the U.S. yesterday, and discussed future Clean Cities Program funding which he has supported and advocated an increase for in the upcoming Energy Bill in Congress. Attending the Congressman's Clean Alternative Fuel Vehicle Alternative fuel vehicle Conventional fuels such as gasoline and diesel are gradually being replaced by alternative fuels such as gaseous fuels (natural gas and propane), alcohol (methanol and ethanol), and hydrogen. Mini Expo event at the N.Y. State Compressed Natural Gas Compressed Natural Gas (CNG) is a substitute for gasoline (petrol) or diesel fuel. It is considered to be an environmentally "clean" alternative to those fuels. It is made by compressing natural gas (which is mainly composed by methane (CH4 Filling Fueling Station in Hauppauge, NY, were elected officials and representatives from a number of Long Island towns as well as members of the media. At the event, Cong. Israel announced that he successfully advocated for an increase in the Clean Cities Program budget, from $9.5 million to $15.8 million as part of the proposed energy bill now pending in Congress. Israel also met one-on-one with Odyne Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Roger M. Slotkin about the feasibility of retro-fitting some of the nation's estimated 1 million Class 6, 7 and 8 buses and 250,000 refuse trucks to PHEV, mostly powered by highly polluting and non fuel efficient diesel. During the 30 minute discussion, Slotkin gave the Congressman an introduction to Odyne's technology and toured three of the vehicles on hand that Odyne has already converted for LI municipalities with funding from the Greater Long Island Clean Cities Coalition (GLICCC). Odyne's strategic partner, Nassau Suffolk Truck, a leading regional medium and heavy duty truck fleet services Fleet is a motorway service station on the M3 near Basingstoke. It is owned by Welcome Break. It was originally built in a Scandinavian style and in 1992 won "Loo of the Year". also has signed an agreement for funding from the GLICCC to convert four vehicles -- two garbage trucks for Sanitation District Six, within the Town of West Hempstead West Hempstead, uninc. city (1990 pop. 17,689, including Lakeview), Nassau co., SE N.Y., on Long Island. It is chiefly residential. and two for the City of Long Beach - to diesel/electric hybrids with Odyne's battery system. "It was exciting to be featured as one of cutting edge clean technology companies in the country, right in our own backyard, while being recognized by Cong. Steve Israel, who is a passionate proponent of alternative energy solutions in our District," states Odyne Chairman and CEO Roger M. Slotkin. "We look forward to participating in additional vehicle conversions funded under the Clean Cities Program, which is receiving a significant increase in funding, thanks to Cong. Israel." The Congressman has requested a visit to Odyne's facilities in the coming weeks and Slotkin will also meet the Congressman in Washington to help garner additional support for funding of PHEV trucks and buses. About Odyne Corporation Odyne Corporation is a clean technology company that develops and manufactures propulsion systems for advanced Plug-in Hybrid Electric Vehicles for medium and heavy-duty trucks and buses by integrating its proprietary electric power conversion, electric power control and energy storage systems with a range of off-the-shelf components including electric motors and storage batteries. Odyne's Plug-in Hybrid Electric Vehicle systems are series configuration hybrids that offer customers significant advantages when compared to the more familiar parallel architecture found in hybrid passenger cars. Odyne's environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] and cost-effective Plug-in Hybrid Electric Vehicle systems allow vehicles to operate at lower costs and with lower vehicle 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 relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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 Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. , 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. |
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