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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) has joined the World Economic Forum's Road Freight Zero coalition, aimed at promoting zero-emission transportation. Co-hosting a session at the Annual Meeting in Davos, Switzerland, Hyliion will discuss sustainability solutions in collaboration with the Hypertruck Innovation Council. With over 27 million heavy-duty trucks contributing to significant greenhouse gas emissions, Hyliion focuses on electrified powertrain solutions to combat these issues, striving for net-carbon-negative commercial transport.
Hyliion Holdings Corp. (NYSE: HYLN) reported its Q1 2022 financial results, showcasing a 70% increase in revenue to $0.3 million and a solid order backlog with 170 Hypertruck ERX production slots secured. The company remains on track for production to start late 2023 and anticipates full-year revenue between $2 million to $3 million. With $527 million on its balance sheet, Hyliion emphasizes ongoing development for its electrified solutions amidst increasing demand for clean technology in the trucking sector.
Hyliion Holdings Corp (NYSE: HYLN) will host a conference call on May 10, 2022, at 11:00 a.m. EDT to discuss its first-quarter financial results, scheduled for release after market close on May 9, 2022. This call will cover the company's business outlook in electrified powertrain solutions for Class 8 trucks, aiming to reduce carbon emissions. The webcast will be accessible online, with an archived version available thereafter on the Hyliion website.
Hyliion Holdings Corp (NYSE: HYLN) has announced that Mone Transport has ordered 20 units of the Hypertruck ERX, backed by deposits to secure production slots. Mone Transport, based in Laredo, Texas, is already using Hyliion's hybrid solutions. The order follows a positive Ride and Drive experience at Hyliion's headquarters, showcasing Mone's commitment to sustainability and interest in alternative fuels. The Hypertruck ERX aims to lower operating costs and emissions while providing superior performance.
Hyliion Holdings Corp (NYSE: HYLN) has appointed Cheri Lantz as Chief Strategy Officer, effective immediately. Lantz brings over 20 years of experience in growth strategies within the mobility sector, previously serving at TE Connectivity and Meritor. She will drive Hyliion's strategic roadmap, focusing on Fuel Agnostic and Hydrogen Fuel Cell generator technology. Hyliion aims to reduce carbon intensity in Class 8 commercial trucks and leverage advanced software for operational efficiency, contributing to cleaner transportation.
Hyliion Holdings Corp (NYSE: HYLN) announced that GreenPath Logistics has ordered 50 Hypertruck ERX™ units, marking a significant milestone in their collaboration. GreenPath Logistics, an early adopter of Hyliion's technology, previously ordered 20 Hybrid eX units in December 2021. With this new order, Hyliion now has a total of 150 confirmed production slots for the Hypertruck ERX™, with nearly 2,000 additional units reserved. The Hypertruck ERX™ aims to lower operating costs and emissions while integrating with existing fleet operations.
Hyliion Holdings Corp. (NYSE: HYLN) reported its Q4 and full year 2021 results, achieving $200,000 in revenue. The firm secured orders for 100 units of the Hypertruck ERX, with 325 additional reservations, and began revenue recognition for its Hybrid eX powertrain. Operating expenses for 2021 totaled $93.6 million, with 2022 expected revenues between $2 million to $3 million and operating expenses of $135 million to $145 million. The company has over $557 million in cash and investments to support its commercialization plans.
Hyliion Holdings Corp (NYSE: HYLN) announced a conference call on February 24, 2022, at 11:00 a.m. EST to discuss its financial results and business outlook. The call will be accessible online, and an archived webcast will be available in the Investor Relations section of Hyliion's website. The company focuses on reducing greenhouse gas emissions in Class 8 trucks through electrified powertrain solutions, leveraging advanced software and analytics.
Hyliion Holdings Corp. (NYSE: HYLN) has appointed Jeffrey A. (Jay) Craig to its board of directors. Craig, a former CEO of Meritor, brings extensive experience in product development and commercialization, particularly in electrified powertrains for commercial vehicles. His leadership at Meritor included overseeing the advancement of products now utilized in Hyliion's Hypertruck ERX™. This strategic addition is expected to enhance Hyliion's trajectory in electrification, aligning with its mission to reduce carbon emissions in Class 8 trucks.
Hyliion Holdings Corp. (NYSE: HYLN) reported its Q3 2021 results, highlighting significant developments in its electrified powertrain solutions. The company secured a 40-unit reservation from Mone Transport and initiated fleet trials of the Hypertruck ERX. Despite supply chain challenges affecting commercialization timelines, revenue recognition for the Hybrid eX powertrain is expected in Q4 2021. Hyliion ended the quarter with over $588 million in available funds, having reduced its operating expense guidance for 2021 to $110-$120 million. A conference call is scheduled for November 10.
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