Original Press Release
Odyne & Dueco Inc. Introduce the First Plug In Hybrid Aerial Lift Truck
Press release date: October 17, 2007
LOUISVILLE, KY, October 17, 2007 -- Odyne Corporation (OTCBB:ODYC), a leading developer of hybrid electric vehicle technology, and Dueco, Inc., one of the largest utility equipment manufacturers in the country, introduced another important step in the greening of the nation's utility companies, with the first plug-in hybrid aerial lift truck.
The new plug-in hybrid electric diesel vehicle was introduced and displayed at the International Construction and Utility Equipment Exposition (ICUEE) on October 16-18 in Louisville, Kentucky.
Odyne and Dueco have developed a PHEV propulsion system for the vehicle that minimizes fuel use and emissions in a typical aerial truck mission and can recharge at off hours using low cost electricity from the nation's electric grid. The system can also be recharged at any point with the conventional diesel engine. The system will provide the fuel efficiency and emission enhancements, typical of a hybrid vehicle, while the truck is traveling to and from the work site.
Odyne's state-of-the-art battery management systems, in conjunction with its control technology will also power the material handling aerial device (TLM50M), manufactured by Terex (NYSE:TEX), for up to eight hours of aerial lift operation time -- a full workday.
"Until now, aerial lift trucks which are used equipped with a bucket for workmen to access the tops of telephone and electric polls, required power from an idling engine to operate in the field for a full work day or to run the air conditioning," explains Alan Tannenbaum, CEO of Odyne Corp. "This Dueco partnership is another sales channel for Odyne to lead industry and government into more environmentally sound technologies."
"Dueco has been providing the utility industry with the most advanced equipment since we began operation 50 years ago," explains Thomas Dalum, president of Dalum-Dueco, Inc. "We're ready to take orders for this vehicle technology that will help the nation's utilities conserve energy, limit fuel emissions and further advance plug-in hybrid electric vehicle technology."
The Dueco International (2008 4300 SBA 4x2) is equipped with a 255HP; 660lb torque IHC MaxxxForceDT and an Automatic Allison 3500_RDS_P transmission.
In addition to the estimated eight hour lift operation time on battery, the propulsion system requires an 8 hour charge time. The on board charger power is 5kW, and the battery energy reserve is 35kWh. The motor size is 50kW, regen and traction assist.
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 to create a lower fuel cost, lower operation and maintenance cost, substantially lower emission and quieter vehicle. Odyne's PHEV systems are series configuration hybrids with significant advantages over the parallel architecture used in hybrid passenger cars. Visit www.odyne.com for more information.
About DUECO Inc.
DUECO, the largest privately owned final stage manufacturer of Terex Utilities and Hi-Ranger products in the country, is a family company with over 50 years of experience in the sale and service of aerial devices, digger derricks, cranes and other equipment. The company also provides its customers with conductor handling equipment, pullers and tensioners, trailers, excavators, loader backhoes, and wheel loaders. Committed to customer satisfaction, DUECO is the source for electric utility, telecommunications, contractor, electric cooperative, municipality, railroad and tree care needs in a 14-state region that reaches from the Midwest to the East Coast.