Odyne In Strategic Supplier Agreement With Bosch Rexroth for Plug-in Ramp-Up
22 February 2007
|Odyne’s basic series plug-in hybrid design is modular and scalable. Click to enlarge.|
Odyne Corporation, a developer of series-configuration plug-in hybrid electric vehicle (PHEV) technology for medium- and heavy-duty trucks and buses, has entered a strategic supplier agreement with Bosch Rexroth for preferred pricing and a steady supply of electric motors and drives. Odyne plans to ramp up PHEV production in 2007.
The motors are used for multiple functions, including: generators to produce the electricity that charges the battery packs; traction motors to transfer power from the battery packs to the vehicle; and during regenerative braking, to transfer the kinetic energy from the vehicle to the battery packs.
Bosch Rexroth and Odyne will work together to ensure that future Bosch products will be optimized for plug-in hybrid applications.
Market awareness and demand for plug-in hybrid electric vehicles is growing rapidly as fleet managers explore solutions to lower fuel and vehicle maintenance costs. Odyne has developed proven and cost effective solutions to fill this important niche for medium and heavy-duty trucks. We are excited to partner with Odyne Corporation, as they are a clear leader within this market.—Rich Huss, Vice President and General Manager of Bosch Rexroth Electric Drives and Controls
Odyne 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 its plug-ins.
In October 2006, Odyne acquired Technology Integration Group, Inc., in a merger transaction concurrent with the closing of a $3.1 million private placement. The combination of the funding and the integration group gave Odyne the resources to fulfill existing orders and pursue more, according to Roger Slotkin, Odyne CEO. (Earlier post.)
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