Allison Transmission Purchases Odyne Systems

Sources said: Allison Transmission Company announced on July 2, 2012 that the company had invested in non-controlling equity of Odyne Systems Co., Ltd.

It is reported that Allison Transmission is the world's largest medium and heavy commercial vehicles fully automatic transmissions and hybrid propulsion city bus system manufacturer. And Odyne Corporation is a leading manufacturer of advanced hybrid control systems, designing and developing innovative plug-in hybrid systems. This system is compatible with Allison's commercial vehicle transmission series products. It is understood that the new relationship between Allison and Odyne will directly benefit the hybrid vehicle operators of utility sprinklers, excavator booms, cranes, and other related applications because these applications generally require a fixed power source on the site.