0001144204-08-021131.txt : 20080408 0001144204-08-021131.hdr.sgml : 20080408 20080408135024 ACCESSION NUMBER: 0001144204-08-021131 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080402 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080408 DATE AS OF CHANGE: 20080408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ODYNE CORP CENTRAL INDEX KEY: 0001346377 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 134050047 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-130768 FILM NUMBER: 08744925 BUSINESS ADDRESS: STREET 1: 89 CABOT COURT STREET 2: SUITE L CITY: HAUPPAUGE STATE: NY ZIP: 11788 BUSINESS PHONE: 631-750-1010 MAIL ADDRESS: STREET 1: 89 CABOT COURT STREET 2: SUITE L CITY: HAUPPAUGE STATE: NY ZIP: 11788 FORMER COMPANY: FORMER CONFORMED NAME: Technology Integration Group, Inc. DATE OF NAME CHANGE: 20051208 8-K 1 v109959_8k.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported) April 2, 2008

Odyne Corporation

(Exact Name of Registrant as Specified in Charter)

Delaware	333-130768	13-4050047
(State or Other Jurisdiction	(Commission	(IRS Employer
of Incorporation)	File Number)	Identification No.)

89 Cabot Court, Suite L, Hauppauge, New York		11788
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (631) 750-1010

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

CURRENT REPORT ON FORM 8-K

ODYNE CORPORATION

April 2, 2008

Item 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d)

On April 2, 2008, Jeffrey H. Auerbach was elected to our board of directors.

Mr. Auerbach, age 37, is the Senior Vice President, Private Client Group, of vFinance Investments, Inc., where he has been a registered representative for five years. vFinance Investments is a subsidiary of vFinance, Inc., a publicly-held financial services firm headquartered in Boca Raton, Florida, with offices in New York, New York. Mr. Auerbach also serves on the board of directors of Electro Energy Inc., a publicly-held developer of energy storage technology, products and related systems.

vFinance Investments has acted in the past, and may act from time to time in the future, as our investment banking firm and placement agent in financing transactions, and as a market maker in our shares of common stock. Except through vFinance Investments, Mr. Auerbach has not engaged in a related party transaction with us during the last two years.

Mr. Auerbach is a director nominee of The Quercus Trust, the lead investor in our October 2007 and March 2008 financing transactions. In connection with the March 2008 financing transaction, we agreed with The Quercus Trust to designate one person selected by it, and reasonably acceptable to us, to be a nominee for director for a period of three years following the closing date of that transaction.

Item 9.01.

Financial Statements and Exhibits.

(d)

Exhibits.

Exhibit

Number

Exhibit Description

99.1	Press release issued by Odyne Corporation on April 8, 2008.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	ODYNE CORPORATION

Date: April 7, 2008	By:	/s/ Alan Tannenbaum
		Alan Tannenbaum
		Chief Executive Officer

EX-99.1 2 v109959_ex99-1.htm

Press Contact:

Lisa M. DeMarco, 631-750-1010 x 108

Director of Marketing + Corporate Communications, Odyne Corporation

lisa@odyne.com

Odyne Corporation Expands Board of Directors

HAUPPAUGE, N.Y.--(BUSINESS WIRE)--April 8, 2008--Odyne Corporation (OTCBB:ODYC), a leading developer of advanced Plug-In Hybrid Electric Vehicle (PHEV) technology, today announced that the Board of Directors voted to add a sixth director to the board, naming Jeffrey H. Auerbach as a Director. Mr. Auerbach, age 37, is the Senior Vice President, Private Client Group, of vFinance Investments, Inc., where he has been a registered representative for five years. vFinance Investments is a subsidiary of vFinance, Inc., a publicly-held financial services firm headquartered in Boca Raton, Florida, with offices in New York, New York.

Alan Tannenbaum, Director and Chief Executive Officer, commented, “Odyne Corporation will benefit from the experience and perspective that Mr. Auerbach brings to the Board. I join with all of the other directors in welcoming Jeff to the Board.”

About Odyne Corporation

Odyne Corporation is a clean technology company that develops and manufactures propulsion systems for advanced Plug-in Hybrid Electric Vehicles (PHEV), specifically medium and heavy-duty trucks and buses. The company has developed a proprietary system combining electric power conversion, power control and energy storage technology, with standard electric motors, storage batteries and other off the shelf components that enables vehicles to have lower fuel, operating and maintenance costs with substantially lower emissions. Visit www.odyne.com for more information.

Forward-Looking Statements

This news release contains certain “forward-looking statements,” related to the business of Odyne which can be identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties, including uncertainties relating to product development and commercialization, regulatory actions or delays, the ability to obtain or maintain patent and other proprietary intellectual property protection, market acceptance, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the U.S. Securities and Exchange Commission. Odyne is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.