Odyne appoints Terex Utilities as global distributor
By Lindsey Anderson18 March 2011
Odyne Systems, LLC, has appointed Terex Utilities as a global distributor for Odyne plug-in hyrbid systems for medium and heavy-duty vehicles.
Odyne is expanding its distribution beyond its 15-state Dueco, Inc., territory by appointing Terex Utilities as distributor throughout the US and globally.
Odyne, which develops and markets turnkey hybrid solutions for fleets that utilize vehicles with driving cycles featuring a high percentage of starting and stopping, saw domestic sales orders go up in 2011 and expects the agreement with Terex to expand its opportunities further, the company said.
The company estimates an addressable market of 250,000 units worldwide per year for new and retrofit work truck hybrid systems.
"We believe that the work truck industry will be strongly affected by advancements in vehicle efficiency in the coming years and we are excited to be at the leading edge with our products," said Joe Dalum, president and chief executive officer of Odyne Systems. "Our new distribution agreement with Terex means we will have comprehensive coverage of the North American market and global reach to meet customer needs for lower emission vehicles that consume less fuel and operate quietly. We are looking forward to significant growth opportunities ahead."