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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) 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.
Hyliion Holdings Corp (NYSE: HYLN) has launched its nationwide Hypertruck ERX Marketing Roadshow, starting at Wegmans Food Markets in Rochester, NY, on November 10-11, 2021. This initiative showcases the Hypertruck ERX, a next-gen electric powertrain powered by an onboard natural gas generator, facilitating long-range hauling and rapid refueling. The roadshow aims to gather feedback from industry leaders to enhance product development, contributing to fleets' decarbonization goals and reducing total ownership costs.
Hyliion Holdings Corp (NYSE: HYLN) announced its participation in several institutional investor conferences in the fourth quarter of 2021. Key dates include the Gabelli 45th Annual Auto Symposium on November 1, NYSE Investor Access Day on November 16, Barclays Global Automotive Mobility and Technology Conference on November 18, and Capital One Securities 16th Annual Energy Conference on December 6. A live webcast for the Barclays Conference will be available on Hyliion’s Investor Relations website, while the other events will not be webcast.
Hyliion Holdings Corp. (NYSE: HYLN) announces the appointment of Shiva Duraiswamy as Vice President of Engineering. With nearly 20 years of experience from Wabtec Corporation and GE Transportation, he will lead engineering commercialization and the development of innovative powertrain solutions for the commercial transportation sector. Hyliion aims to reduce the carbon intensity of Class 8 trucks through electrified powertrain solutions. CEO Thomas Healy emphasized Duraiswamy's expertise as a key asset for the company's growth and product differentiation.
Hyliion Holdings Corp (NYSE: HYLN) has announced a conference call scheduled for November 10, 2021, at 11:00 a.m. ET to discuss its third quarter 2021 financial results. The results will be reported after market close on November 9, 2021. Hyliion focuses on providing electrified powertrain solutions for Class 8 semi-trucks to reduce carbon emissions and operating costs. This call highlights the company's ongoing commitment to innovation in the commercial transportation sector.
Hyliion Holdings Corp (NYSE: HYLN) is set to unveil its improved Hybrid eX model at the ACT Expo in Long Beach, California, on August 31. This upgraded hybrid powertrain aims to increase efficiency and payload, enhance the driver experience, and simplify installation and service. Key features include a lighter design, new e-axle, over-the-air updates, and advanced cybersecurity. Revenue recognition on Hybrid eX units is anticipated post-launch, with initial shipments later this year to returning and new customers, such as Werner Enterprises.
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