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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 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.
Hyliion Holdings Corp. (NYSE: HYLN) has appointed Mary Gustanski, former Senior Vice President and Chief Technology Officer of Delphi Technologies, to its board of directors. Gustanski brings nearly 40 years of automotive experience with a focus on electrification and innovative solutions. Her expertise is expected to enhance Hyliion's commercialization efforts and operational strategies, particularly at a pivotal time in the company's growth. CEO Thomas Healy expressed confidence in Gustanski's ability to guide upcoming milestones for stakeholders and commercial fleets globally.
Hyliion Holdings Corp (NYSE: HYLN) has announced the appointment of Elaine Chao, former U.S. Secretary of Transportation and Secretary of Labor, to its board of directors. With extensive experience in transportation innovation and corporate governance, her insights are expected to bolster Hyliion's efforts in electrified powertrain solutions for Class 8 trucks. CEO Thomas Healy emphasized that her leadership will enhance the company's push towards commercialization and the vision of a net-carbon-negative trucking industry.
Hyliion Holdings Corp (NYSE: HYLN) has appointed Dennis M. Gallagher as the new Chief Operating Officer. Gallagher has over 20 years of experience in the commercial vehicle sector, focusing on global manufacturing. He will oversee the commercialization of Hyliion’s Hypertruck ERX and implement operational excellence practices. Previously, Gallagher led Jacobs Vehicle Systems and held roles at Danaher and Fortive. His extensive network with commercial OEMs will support Hyliion's growth and commercialization goals.
Hyliion Holdings Corp. (NYSE: HYLN) reported its Q2 2021 results, highlighting a strong balance sheet with $617 million in cash and investments. The company appointed Dennis M. Gallagher as COO, enhancing its leadership for commercialization efforts. Hyliion secured a reservation of 300 Hypertruck ERX units from Detmar Logistics, indicating robust demand. The Hypertruck ERX is on track for commercialization in late 2022, featuring an all-electric range of 75 miles to meet California's ACT Rule. Operating expenses are projected between $130 million and $140 million, down from previous guidance.
Hyliion Holdings Corp. (NYSE: HYLN) showcased the Hypertruck ERX™ to U.S. Secretary of Energy Jennifer Granholm and Representative Haley Stevens at FEV North America's facility in Michigan. This demonstration highlights Hyliion's commitment to the Biden administration's $1 trillion infrastructure plan aimed at achieving net-zero carbon emissions. The Hypertruck ERX™ integrates an electric powertrain with a natural gas generator, offering lower emissions and operating costs for Class 8 trucks. Recently, Detmar Logistics executed a reservation for 300 units, signaling strong market interest.
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