QualityStock's Smallcap Stock Clients - Odyne Corp. (ODYC.OB)

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Odyne is one of our highlighted companies this month. The company designs, develops, manufactures, and installs plug-in hybrid electric vehicle (PHEV) propulsion systems for medium and heavy duty trucks and buses in the United States. The company, by integrating its proprietary electric power conversion, electric power control, and energy storage systems with a range of off-the-shelf components that include electric motors and storage batteries, offers PHEV components and a series of PHEV propulsion system configuration products for electric vehicles and hybrid electric vehicles.

 

In our client’s news today,

 

DUECO, Inc. has submitted a purchase order for the installation of Odyne’s propulsion technology in one of their aerial lift trucks. The completed project will be displayed at the International Construction and Utility Equipment Exposition (ICUEE) in Louisville, Kentucky.

 

The exposition attracts approximately 17,000 industry professionals, and allows attendees to test the equipment on display. There are 40 educational classes also available for visitors to discover the latest developments in the industry.

 

The CEO of Odyne, Roger Slotkin, stated, “It’s been less than a month since we established a relationship with DUECO and we are excited about installing our propulsion technology into their TL50M material handling bucket truck that will be displayed at the exposition. This affords us the opportunity to feature our technology to a very large audience with an appreciation and need for the solutions Odyne can provide.”

 

The CEO of DUECO expressed his excitement as the company waits in anticipation to use their first vehicle equipped with Odyne’s technology. He is confident that the displayed vehicle will be accepted very favorably at the exposition.

 

 

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