Hyliion Awarded US Government Contract for Game-Changing KARNO Generator for the US Navy
Hyliion Holdings Corp. (NYSE: HYLN) has secured a $15+ million contract from the Office of Naval Research (ONR) to develop its KARNO generator for US Navy ships and stationary power applications. The innovative linear generation system, powered by heat and enabled by 3D metal printing, offers scalability, flexibility, and significant reductions in maintenance, emissions, and fuel consumption.
Key features of the KARNO generator include:
- Hermetically sealed architecture with only one moving part per shaft
- Designed for maintenance-free operation over long running hours
- High efficiency and quiet operation
- Adaptable power solutions for maritime environments
This contract aligns with the ONR's goal to leverage advanced technology for reducing carbon footprint and enhancing operational efficiency in naval operations.
Hyliion Holdings Corp. (NYSE: HYLN) ha ottenuto un contratto di oltre 15 milioni di dollari dall'Ufficio di Ricerca Navale (ONR) per sviluppare il proprio generatore KARNO per le navi della Marina degli Stati Uniti e per applicazioni di energia stazionaria. Il sistema innovativo di generazione lineare, alimentato dal calore e abilitato dalla stampa metallica 3D, offre scalabilità, flessibilità e riduzioni significative nella manutenzione, nelle emissioni e nel consumo di carburante.
Le caratteristiche chiave del generatore KARNO includono:
- Architettura ermeticamente sigillata con un solo componente mobile per albero
- Progettato per un funzionamento senza manutenzione per lunghe ore di esercizio
- Alta efficienza e funzionamento silenzioso
- Soluzioni energetiche adattabili per ambienti marittimi
Questo contratto è in linea con l'obiettivo dell'ONR di sfruttare tecnologie avanzate per ridurre l'impronta di carbonio e migliorare l'efficienza operativa nelle operazioni navali.
Hyliion Holdings Corp. (NYSE: HYLN) ha asegurado un contrato de más de 15 millones de dólares de la Oficina de Investigación Naval (ONR) para desarrollar su generador KARNO para los barcos de la Armada de los EE. UU. y aplicaciones de energía estacionaria. El innovador sistema de generación lineal, impulsado por calor y habilitado por impresión 3D de metal, ofrece escalabilidad, flexibilidad y reducciones significativas en el mantenimiento, las emisiones y el consumo de combustible.
Las características clave del generador KARNO incluyen:
- Arquitectura herméticamente sellada con solo una pieza móvil por eje
- Diseñado para un funcionamiento sin mantenimiento durante largas horas de operación
- Alta eficiencia y funcionamiento silencioso
- Soluciones de energía adaptables para entornos marítimos
Este contrato se alinea con el objetivo de la ONR de aprovechar tecnologías avanzadas para reducir la huella de carbono y mejorar la eficiencia operativa en las operaciones navales.
하일리온 홀딩스 코퍼레이션 (NYSE: HYLN)은 미국 해군 함선 및 고정 전력 응용을 위한 KARNO 발전기 개발을 위해 해군 연구 사무소 (ONR)로부터 1,500만 달러 이상의 계약을 체결했습니다. 열로 구동되고 3D 금속 프린팅을 통해 가능해진 혁신적인 선형 발전 시스템은 확장성, 유연성, 그리고 유지보수, 배출가스 및 연료 소비의 상당한 감소를 제공합니다.
KARNO 발전기의 주요 특징은 다음과 같습니다:
- 하나의 회전 부품으로 구성된 밀폐형 구조
- 오랜 작동 시간 동안 유지 보수가 필요 없는 설계
- 높은 효율성과 조용한 작동
- 해양 환경에 적합한 전력 솔루션
이 계약은 ONR의 탄소 발자국을 줄이고 해군 작전의 운영 효율성을 높이기 위한 선진 기술 활용 목표에 부합합니다.
Hyliion Holdings Corp. (NYSE: HYLN) a obtenu un contrat de plus de 15 millions de dollars de l'Office de recherche navale (ONR) pour développer son générateur KARNO pour les navires de la marine américaine et les applications d'énergie stationnaire. Ce système innovant de génération linéaire, alimenté par la chaleur et rendu possible grâce à l'impression 3D en métal, offre scalabilité, flexibilité et réductions significatives de la maintenance, des émissions et de la consommation de carburant.
Les caractéristiques clés du générateur KARNO comprennent :
- Architecture hermétiquement scellée avec une seule pièce mobile par arbre
- Conçu pour un fonctionnement sans maintenance sur de longues heures
- Haute efficacité et fonctionnement silencieux
- Solutions d'énergie adaptables aux environnements maritimes
Ce contrat est en accord avec l'objectif de l'ONR d'exploiter des technologies avancées pour réduire l'empreinte carbone et améliorer l'efficacité opérationnelle des opérations navales.
Hyliion Holdings Corp. (NYSE: HYLN) hat einen Vertrag über mehr als 15 Millionen Dollar vom Office of Naval Research (ONR) gesichert, um seinen KARNO-Generator für US-Marine-Schiffe und stationäre Stromanwendungen zu entwickeln. Das innovative lineare Generierungssystem, das durch Wärme betrieben wird und durch 3D-Metall-Druck ermöglicht wird, bietet Skalierbarkeit, Flexibilität sowie erhebliche Reduzierungen bei Wartung, Emissionen und Kraftstoffverbrauch.
Die Hauptmerkmale des KARNO-Generators umfassen:
- Hermetisch dichtes Design mit nur einem beweglichen Teil pro Welle
- Für wartungsfreien Betrieb über längere Betriebszeiten ausgelegt
- Hohe Effizienz und leiser Betrieb
- Anpassbare Stromlösungen für maritime Umgebungen
Dieser Vertrag steht im Einklang mit dem Ziel des ONR, modernste Technologien zur Reduzierung des CO2-Fußabdrucks und zur Verbesserung der Betriebseffizienz in der Marine zu nutzen.
- Secured a $15+ million contract from the Office of Naval Research
- Potential for KARNO generator to be used in future US Naval platforms
- KARNO generator offers significant reductions in maintenance, emissions, and fuel consumption
- Technology aligns with ONR's strategic objectives for carbon footprint reduction and operational efficiency
- Potential for additional US Defense applications in stationary power
- None.
Hyliion's $15+ million contract with the Office of Naval Research marks a significant milestone in military power generation. The KARNO generator's innovative linear generation system powered by heat and enabled by 3D metal printing is a game-changer. Its hermetically sealed architecture with only one moving part per shaft promises maintenance-free operation over extended periods, addressing a critical pain point in naval operations.
The generator's potential to reduce maintenance, emissions and fuel consumption aligns perfectly with the Navy's goals for operational efficiency and environmental stewardship. If successful, this technology could revolutionize power generation not just for naval applications, but potentially for broader military and civilian use. The scalability and flexibility of the KARNO generator make it a versatile solution for various power needs, potentially opening up new market opportunities for Hyliion beyond the initial naval contract.
This $15+ million contract is a significant win for Hyliion, potentially opening doors to a lucrative military market. While the immediate financial impact may be relative to Hyliion's
Investors should note that this contract validates Hyliion's technology and could attract attention from other sectors seeking efficient power solutions. However, it's important to remember that military contracts often have long development cycles and stringent requirements. The company's ability to deliver on this contract will be a key indicator of its future potential in this new market segment. Keep an eye on Hyliion's R&D expenses and any updates on the project's progress in upcoming financial reports.
Upon successful validation and demonstration, the Hyliion KARNO generator could be used as a power system in future platforms, providing US Naval operations with scalability and flexibility while significantly reducing maintenance, emissions, and fuel consumption.
"At Hyliion, we are dedicated to delivering innovative power generation solutions that prioritize our customers' need for efficiency and reliability,” said Thomas Healy, Founder and CEO of Hyliion. "This new partnership with the ONR is a testament to the performance and potential of our KARNO generator technology. We're incredibly proud to contribute to the future of the US military and help them achieve their power generation goals."
The KARNO generator is an innovative linear generation system powered by heat and enabled by 3D metal printing. Its hermetically sealed architecture, with only one moving part per shaft, is designed for maintenance-free operation over long running hours. The generator’s efficiency, low maintenance, and quiet operation make it ideal for powering naval vessels.
This contract aligns perfectly with the ONR's strategic objective to leverage advanced technology for reducing carbon footprint and enhancing operational efficiency. The KARNO generator is highly versatile, providing adaptable power solutions to meet the unique demands of US Naval operations in maritime environments. Similarly, with its flexibility and form factor, the KARNO generator can potentially meet additional US Defense needs for reliable power in stationary applications without compromising on economics and emissions footprint.
For more information on Hyliion or the KARNO generator, please visit www.hyliion.com.
About Hyliion:
Hyliion is committed to creating innovative solutions that enable clean, flexible and affordable electricity production. The Company’s primary focus is to provide distributed power generators that can operate on various fuel sources to future-proof against an ever-changing energy economy. Headquartered in
About the Office of Naval Research (ONR):
The Department of the Navy’s Office of Naval Research provides the science and technology necessary to maintain the Navy and Marine Corps’ technological advantage. Through its affiliates, ONR is a leader in science and technology with engagement in 50 states, 55 countries, 634 institutions of higher learning and nonprofit institutions, and more than 960 industry partners. ONR, through its commands, including headquarters, ONR Global and the Naval Research Laboratory in
Forward Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding Hyliion and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyliion expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. Hyliion cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyliion. These risks include, but are not limited to, our status as an early stage company with a history of losses; our expectation of incurring significant expenses and continuing losses for the foreseeable future; our ability to develop key commercial relationships with suppliers and customers; our ability to retain the services of Thomas Healy, our Chief Executive Officer; the expected performance of the KARNO generator and system; the execution of the strategic shift from our powertrain business to our KARNO business, and the other risks and uncertainties described under the heading “Risk Factors” in our SEC filings including in our Annual Report (See item 1A. Risk Factors) on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 13, 2024 for the year ended December 31, 2023. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Hyliion’s operations and projections can be found in its filings with the SEC. Hyliion’s SEC Filings are available publicly on the SEC’s website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240909835256/en/
Hyliion Holdings Corp.
press@hyliion.com
Investor Relations
ir@hyliion.com
Source: Hyliion Holdings Corp.
FAQ
What is the value of the contract Hyliion (HYLN) received from the Office of Naval Research?
What are the main benefits of Hyliion's (HYLN) KARNO generator for the US Navy?
How does the KARNO generator technology by Hyliion (HYLN) work?
What potential applications does Hyliion's (HYLN) KARNO generator have beyond naval use?
