2001
   • Predecessor of Odyne Corporation (NY) was formed to develop and produce technology that
     could be used in electric and hybrid electric propulsion systems for vehicles over
     14,000 lbs (6,350 kg). 

2008
   • Odyne Corporation (NY) and DUECO introduce the first commercial plug-in hybrid medium duty
     work truck, featuring hybrid driving benefits and stationary operation with the engine “off”.

2009
   • Odyne Corporation’s assets were acquired by Odyne Systems, LLC, an affiliate of DUECO
     and UELC. Production and development activities were relocated to Wisconsin and expanded.
   • DUECO and Odyne begin a $2.9M cost shared project awarded by the DOE to develop an
     advanced plug-in hybrid system for trucks over 14,000 pounds.

2010 
   • Odyne granted 3 patents, 8 U.S. and 12 International patents pending
   • Odyne develops and fields hybrid systems for International, Freightliner and GMC chassis.
   • Odyne begins raising outside capital to fund growth and to separate operations from DUECO, Inc.
   • State of Wisconsin designates Odyne for up to $1.5M in tax credits for eligible investors

2011
   • System integrated with Ford chassis
   • Odyne appoints Terex Utilities as a global distributor
   • Wisconsin Department of Commerce increases investor tax credits to $2M for Odyne, now a
     “Qualified New Business Venture”
   • Odyne enters into strategic supply agreement with Remy Electric Motors
   • Odyne announces advanced hybrid system developed in cooperation with DOE
   • Odyne takes steps to separate from DUECO, Inc.
   • Johnson Controls, Inc. (JCI) makes strategic investment in Odyne Systems
   • Odyne enters into preferred supply agreement with JCI
   • California’s South Coast Air Quality management District awards grants as part of cost
     shared project
   • Odyne ships advanced plug-in hybrid systems in conjunction with DOE Clean Cities program