Odyne and FAB in Sales and Marketing Agreement for PHEV Systems
30 March 2007
Odyne Corporation, a developer of advanced plug-in hybrid electric vehicle (PHEV) technology for trucks and buses, and FAB Holdings, a system integrator and service provider for alternative fuel storage vehicles, have signed a strategic sales and marketing agreement.
FAB Holdings will have exclusive rights to distribute and install Odyne’s propulsion systems in California, Nevada and Arizona. FAB will also repair and maintain Odyne’s propulsion systems for plug-in hybrid electric vehicles.
FAB is North America’s largest supplier of complete compressed gas fuel storage systems to the transit industry and has strong relationships with OEMs of heavy duty vehicles, a key target market for Odyne.
Comments