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): January 620, 2009

ODYNE CORPORATION

(Exact Name of Registrant as Specified in Charter)

Delaware	333-130768	13-4050047
(State or other jurisdiction	(Commission File Number)	(IRS Employer
of incorporation)		Identification No.)

89 Cabot Court, Suite L		11788
Hauppauge, New York		(Zip Code)
(Address of principal executive offices)

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

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~~ CFR240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 ~~CFR 240~~ CFR240.13e-4(c))

CURRENT REPORT ON FORM 8-K

ODYNE CORPORATION

January 620, 2009

Item 82.01. ~~Other~~Completion ~~Events~~of Acquisition or Disposition of Assets

As wepart of our previously-reported ~~disclosed,~~wind-down in ~~October 2008~~operations, weon ~~retained~~January ~~Matrix~~20, ~~USA~~2009, ~~LLC~~we as sold our ~~financial~~remaining ~~advisor~~intellectual toproperty, ~~explore~~proprietary ~~strategic~~software and components, and ~~alternatives. Notwithstanding~~selected ~~our~~inventory ~~advisors’~~and ~~efforts~~equipment assets to ~~find~~an aaffiliate ~~merger~~of DUECO, Inc., one of ~~partner~~the orlargest ~~purchaser~~final stage manufacturers of ~~our~~medium ~~assets,~~and ~~such~~heavy ~~efforts~~duty ~~have~~trucks ~~not~~in ~~been~~the ~~successful~~country. ~~Accordingly,~~DUECO wehad ~~announced~~been ~~today~~our ~~that,~~largest ~~after~~customer ~~careful consideration,~~and wecertain ~~have~~of ~~determined~~the purchased toassets ~~wind-down~~were ~~the~~being ~~operations~~used ofby ~~the~~us ~~company, terminate~~in ~~substantially~~connection ~~all~~with ofprojects ~~our~~for ~~employees,~~eventual shipment ~~discontinue~~to ~~our~~DUECO. The ~~operating~~aggregate ~~leases and~~sale ~~resolve~~price ~~our~~of ~~outstanding~~the ~~liabilities~~assets was $250,000.

~~Item~~We ~~9.01.~~have also ~~Financial~~entered ~~Statements~~into agreements with substantially all our creditors, including debenture holders, to resolve outstanding claims and ~~Exhibits~~liabilities.

(d) Exhibits.

99.1 Press Release of Odyne Corporation issued January 6, 2009

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: January 6, 2009	By:	/s/ Alan Tannenbaum
Date: January 22, 2009	By:	/s/ Alan Tannenbaum
		Alan Tannenbaum
		Chief Executive Officer

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