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Hyliion Holdings Corp. (HYLN) is a leading provider of electrified solutions for the commercial vehicle industry. The company focuses on reducing carbon intensity and greenhouse gas emissions in the transportation sector by offering innovative powertrain solutions for Class 8 commercial vehicles. Hyliion's goal is to provide these advanced systems at the lowest total cost of ownership.
One of Hyliion's standout innovations is its add-on hybrid system for semi-trailers. By integrating this system, trucking companies can achieve over 30% fuel savings, with a return on investment of less than a year. This system not only reduces operational costs but also enhances the driver’s quality of life and mitigates harmful environmental impacts.
Fuel consumption is a significant concern in the trucking industry, accounting for nearly 40% of operating costs. Hyliion’s smart suspension system addresses this by employing regenerative braking to capture power when the vehicle slows down or descends hills. This captured energy is then reused to assist in acceleration, maximizing efficiency.
Traditionally, trailers have been passive systems, but Hyliion’s innovations introduce active power and technology to trailers. This enables multiple industry challenges to be tackled with a single product. For instance, the system can supply power to the truck while it is parked, allowing the driver to turn off the diesel engine and save over 13% in fuel consumption.
Currently, Hyliion is developing two major powertrain systems: the Hybrid system and the Hypertruck ERX system. These systems aim to transform the long-haul trucking market by providing sustainable and cost-effective solutions.
Hyliion's commitment to sustainability and efficiency positions it as a significant player in the commercial vehicle industry. The company’s products not only reduce costs but also contribute to a greener and more sustainable future.
Hyliion Holdings Corp (NYSE: HYLN) will host a conference call on November 9, 2022, at 11:00 a.m. ET to discuss its financial results and outlook following the release of its Q3 2022 results after market close on November 8, 2022. The company focuses on reducing carbon emissions for Class 8 trucks through electrified powertrain solutions, leveraging software and analytics to enhance fleet efficiency. An archived webcast will be available on its Investor Relations website.
Hyliion Holdings Corp (NYSE: HYLN) has completed the acquisition of the KARNO™ hydrogen and fuel-agnostic generator from GE Additive for $15 million in cash and approximately $22 million in stock. This generator will enhance Hyliion's Hypertruck powertrain platform, enabling a more versatile semi-truck solution. The acquisition includes integration of GE's engineering team into Hyliion’s operations, aiming to lower carbon emissions in the commercial trucking sector.
Hyliion Holdings Corp (NYSE: HYLN) hosted a Virtual Ride and Drive event on September 13, 2022, showcasing its Hypertruck ERX powertrain solution. The event included a tour of the Austin, Texas headquarters and live demonstrations, alongside an investor presentation by CEO Thomas Healy and a Q&A session. Following the event, a replay and updated investor presentation will be available on Hyliion's investor relations website. Hyliion focuses on reducing GHG emissions for Class 8 trucks through innovative electrified powertrain solutions.
Hyliion Holdings Corp (NYSE: HYLN) has appointed Jon Panzer as the new Chief Financial Officer. Panzer has over 26 years of experience at Union Pacific Railroad, where he held various senior financial roles. He will manage all financial operations for Hyliion, including planning, analysis, and investor relations. The company's founder and CEO, Thomas Healy, expressed confidence in Panzer's expertise, anticipating significant contributions to Hyliion's growth and technology advancements. Former CFO Sherri Baker has departed from the company as of September 8.
Hyliion Holdings Corp. (NYSE: HYLN) will host a Virtual Ride and Drive on September 13, 2022, at 11:00 a.m. ET. The event will take place virtually from Hyliion’s Austin, Texas headquarters. Attendees can expect a tour, product demonstrations of the Hypertruck ERX, and a presentation by CEO Thomas Healy, followed by a Q&A session. For registration, visit this link. An archived version of the event will be available on the Investor Relations section of Hyliion's website.
Hyliion Holdings Corp (NYSE: HYLN) announced its acquisition of the KARNO hydrogen and fuel agnostic generator from GE Additive for approximately $37 million, comprising $15 million in cash and $22 million in stock. The KARNO generator is poised to enhance efficiency by over 20% compared to conventional generators and can operate on more than 20 fuels, including hydrogen. Expected to meet stringent emissions standards, this technology will be integrated into Hyliion's Hypertruck powertrain platform, advancing its mission in clean energy solutions for Class 8 trucks.
Hyliion Holdings Corp. (NYSE: HYLN) reported its Q2 2022 results, revealing a surge in order backlog to 200 Hypertruck ERX production slots and nearly 2,000 reservations. The company completed its first freight delivery with Hypertruck ERX, generating $0.2 million in revenue. Hyliion confirmed its product qualifies for a 30% tax incentive under the Inflation Reduction Act. The company expects full-year revenue between $2.0 million and $3.0 million and has lowered its operating expenses guidance to $130–$140 million. Hyliion ended the quarter with over $500 million in capital.
Hyliion Holdings Corp (NYSE: HYLN) has secured an order for 10 Hypertruck ERX™ units from Ruan, a leading transportation management provider. Ruan, known for its commitment to alternative fuels, aims to enhance its carbon reduction goals with this purchase. The Hypertruck ERX™ is designed to lower operating costs and emissions, featuring an electric powertrain powered by an onboard natural gas generator. This order signifies a step forward in Hyliion's commercialization efforts, bolstered by Ruan's previous positive experience with the Hypertruck ERX.
Hyliion Holdings Corp (NYSE: HYLN) will host a conference call on August 10, 2022, at 11:00 a.m. ET to discuss its second-quarter 2022 financial results after reporting on August 9, 2022. The conference aims to provide insights into the company's financial performance and future outlook. Hyliion focuses on electrified powertrain solutions for Class 8 semi-trucks, aiming to reduce carbon emissions and enhance operational efficiency for fleet operators. Access details for the call and webcast are available through their website.
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