Odyne Corp. Completes a $3.2 million Private Placement to Fund Working Capital Requirements

Odyne Corporation (OTCBB:ODYC), a clean technology company that develops advanced hybrid electric vehicle propulsion systems, today announced that it had completed a private placement of 10% senior secured convertible notes and warrants to purchase common stock, and received gross proceeds in the amount of $3.2 million.

Odyne Corporation (OTCBB:ODYC), a clean technology company that develops advanced hybrid electric vehicle propulsion systems, today announced that it had completed a private placement of 10% senior secured convertible notes and warrants to purchase common stock, and received gross proceeds in the amount of $3.2 million.

Nine fleet professionals from across the U.S. and Canada recently earned credentials as Certified Public Fleet Professionals (CPFP) from the American Public Works Association (APWA). The group is the second to be certified under the new program, which was launched by APWA in September 2006.

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