ODYC Odyne Corporation (CE)

Odyne Corporation (OTCBB:ODYC), a clean technology company that develops advanced hybrid electric vehicle propulsion systems, announced today that the U.S. Patent Office has approved application number 11-315,927 for its Battery Energy Management and Monitoring System. Odyne has now been awarded three patents in the area of Battery Energy and Thermal Management. According to Joe Ambrosio, founder and CTO of Odyne, �The use of the technology embodied in this patent will improve the functionality and extend the operating life of battery modules used in mobile applications. Electric and Hybrid Electric Vehicles require the series connection of many battery modules to get the voltage up to ranges as high as 400VDC to 800VDC. When this is done, it is necessary to monitor each of the modules to make sure that they do not become electrically imbalanced which leads to poor performance and life expectancy. The Battery Management System monitors and provides an equalization function to ensure all the batteries are acting together which maximizes the capacity of the entire string. Odyne�s Battery Management System can be used on any battery chemistry.� �Odyne is proud of the capabilities of our technical team,� says Odyne CEO Alan Tannenbaum. �We are committed to being a leading developer of technologies for plug-in hybrid electric vehicles and the capabilities of our technical team are reflected in this patent.� Approved for patent is a battery monitoring and equalization system which monitors the temperature and voltage of each battery module. In addition, the system allows for the equalization of each battery module through an intelligent network. The key feature of the system is that it stores information on battery operation when the vehicle is being operated and during charging. This information is used to determine when to equalize deficient modules, calculate accurate state of charge, maintain safe operating parameters and predict battery failure. The system is also an important diagnostic tool for service personal when inspecting battery packs. The system is comprised of a main controller and individual sensor nodes which are affixed to each module. The nodes are connected via a data and power network which is easily integrated into a battery pack design. 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.