Odyne Corporation Names Wall Street Veteran Alan Tannenbaum As Its New Chief Executive Officer
Hauppauge, New York, United States September 19, 2007

Odyne Corporation, a leading developer of advanced plug-in hybrid electric vehicle powertrain (PHEV) technologies, has appointed Wall Street veteran Alan Tannenbaum as the company's new chief executive officer.

Over the past 12 years, Tannenbaum held senior positions at Lehman Brothers in New York and the U.K . These include managing director, head of institutional equity sales, head of European Equity Capital Markets and Head of Telecom and Media Equity Capital Markets.

Tannenbaum's extensive experience in equities and global finance complements the existing management team's engineering and operational expertise and greatly enhances the company's ability to obtain the financial resources necessary to execute its business plan "Odyne is extremely fortunate to have an executive with such extensive financial and strategic planning experience join its senior management team" said Konstantinos (Gus) Sfakianos, Odyne co-founder and interim-CEO.

Tannenbaum stated that he "joined Odyne to help it capitalize on the very strong secular growth trend he sees in the alternative energy industry." Tannenbaum graduated from the University of Michigan in 1990 with a B.A. in English Literature. He lives in Tenafly, New Jersey with his family.

Source: Odyne Corporation