Allison Transmission Purchases Equity Stake in Odyne Systems
New relationship between Allison and Odyne will benefit commercial hybrid trucks with urban drive cycles and high energy requirements while the vehicle is stationary.
Allison Transmission Inc, the world’s largest manufacturer of fully-automatic transmissions for medium- and heavy-duty commercial vehicles and hybrid-propulsion systems for city buses, today announced it has invested in a non-controlling equity stake in Odyne Systems, LLC. Odyne, a leading manufacturer of advanced hybrid control systems, designed and developed an innovative plug-in hybrid power system which interfaces with the Allison family of commercial vehicle transmissions. The new relationship between Allison and Odyne will directly benefit hybrid vehicle operators in vocations such as utility bucket trucks, digger derricks, cranes and other applications that require worksite stationary power.
Joe Dalum, President of Odyne Systems, said, “This relationship between Allison and Odyne brings together two leading companies focused on enhancing the performance and efficiency of the overall powertrain. Our solutions help companies and communities meet sustainability objectives, lower costs and reduce worksite noise. It also becomes especially relevant with today’s varying fuel prices and the drive to reduce emission levels.”
Allison Transmission is one of the most recognized brands in the industry as a result of performance, reliability, quality and fuel efficiency. Globally, in 2011, Allison Transmission sold an estimated 62 percent of all fully-automatic transmissions in the markets it serves.
Odyne has developed proprietary and patented hybrid technology combining reliable electric power conversion, power control and energy storage technology with advanced electric propulsion motors, modular battery systems and other components. Sold through a worldwide distribution network, the Odyne plug-in hybrid drive system can be installed on a wide variety of new and existing vehicles to reduce fleet operating and maintenance costs, and depending on duty cycle, to enable large trucks to obtain fuel economy improvements of up to 50 percent or greater, compared to traditional diesel engines. The systems also lower emissions and operate quietly at the job site. Johnson Controls is the exclusive supplier of lithium-ion batteries for Odyne Hybrid Power systems.
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. (7/2/2012)
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July 8, 2012 – Vol. 17 No.17