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Odyne Systems, LLC Named a 2014 IQ Innovation Quotient Award Winner by Biz Times Magazine

Waukesha, WI, May 01, 2014 --(PR.com)-- Odyne Systems, LLC, a leader in hybrid systems for medium- and heavy-duty trucks, has been named winner of an I.Q. Award for Innovation by BizTimes Media LLC. The I.Q. Awards salute Southeastern Wisconsin businesses for innovative products, services or processes.

Odyne’s advanced plug-in hybrid electric truck systems can reduce fuel consumption by up to 50% or greater depending upon the duty cycle, lower emissions and allow large work vehicles to operate quietly at a work site, powering all attachments and tools and providing heat and air conditioning to the cab. The company holds 9 patents (6 U.S. and 3 International) and has 21 patents pending. Odyne’s proprietary hybrid technology combines reliable electric power conversion, power control and energy storage technology. The system interfaces with Allison Transmission’s industry leading fully-automatic transmissions, Remy advanced electric propulsion motors with industry leading power density and efficiency, Johnson Controls lithium-ion battery technology and other robust, automotive quality components.

The company is currently installing over 120 systems on new trucks throughout North America as part of a $45.4 million award from the Department of Energy, which is being administered by the Electric Power Research Institute (EPRI) Odyne is tapping Inland Power Group of Butler Wisconsin, an Allison Transmission distributor, as its manufacturing and installation partner. Together Odyne and Inland Power Group have added over a dozen jobs to Southeastern Wisconsin in late 2013 and 2014.

Joe Dalum, President and CEO of Odyne Systems, LLC noted, "We have a passion for innovation and are pleased the company is being recognized with an IQ Award. The Odyne plug in hybrid system for large trucks is truly unique. Our customers appreciate the improved efficiency provided by the system during driving and stationary work site operations along with the performance of the market leading Allison transmission. The use of advanced batteries to power equipment rather than having to idle an engine also helps reduce noise and emissions within communities. This award is much appreciated recognition that Odyne’s technology plays an important role providing alternative, cleaner energy to hard working trucks.”

The winners will receive their awards at a lunch ceremony on Wednesday, May 21, at the Potawatomi Bingo Casino Woodland Dreams Ballroom in Milwaukee at 1721 W. Canal St., from 11:30 a.m. to 1:30 p.m. The ceremony takes place during the BizExpo, Wisconsin’s largest business-to-business conference.

About Odyne Systems, LLC
Odyne is a leader in hybrid drive systems for medium and heavy-duty vehicles. Odyne’s advanced plug-in hybrid technology enables trucks over 14,000 pounds to have substantially lower fuel consumption, lower emissions, improved performance, quieter job site operation and reduced operating and maintenance costs. Odyne has fielded more plug-in hybrid systems for large trucks throughout the United States than any other supplier. Odyne systems are modular and are integrated to powertrains during the new vehicle manufacturing process or are retrofit to existing truck chassis in various applications. The systems are sold and serviced through a worldwide distribution network including Altec, DUECO and Terex Utilities. Odyne has also authorized selected Allison Transmission distributors to service Odyne systems across North America. For further information, visit us at www.odyne.com and follow us on Twitter @Odyne.

About Allison Transmission
Allison Transmission (NYSE: ALSN) is the world’s largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles, and is a leader in hybrid-propulsion systems for city buses. Allison transmissions are used in a variety of applications including refuse, construction, fire, distribution, bus, motorhomes, defense and energy. Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA and employs approximately 2,700 people worldwide. With a market presence in more than 80 countries, Allison has regional headquarters in the Netherlands, China and Brazil with manufacturing facilities in the U.S., Hungary and India. Allison also has approximately 1,400 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.

About EPRI
The Electric Power Research Institute, Inc. (EPRI, www.epri.com) conducts research and development relating to the generation, delivery and use of electricity for the benefit of the public. An independent, nonprofit organization, EPRI brings together its scientists and engineers as well as experts from academia and industry to help address challenges in electricity, including reliability, efficiency, health, safety and the environment. EPRI's members represent approximately 90 percent of the electricity generated and delivered in the United States, and international participation extends to more than 30 countries. EPRI's principal offices and laboratories are located in Palo Alto, Calif.; Charlotte, N.C.; Knoxville, Tenn.; and Lenox, Mass.

Contact Information:
Odyne Systems, LLC
Louise Hermsen
262-544-8405
Contact via Email
www.odyne.com

Read the full story here: http://www.pr.com/press-release/555683

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