ADDING MULTIMEDIA Hyliion® Announces Launch of Improved Hybrid Powertrain Solution – “Hybrid eX”
August 31 2021 - 5:37PM
Business Wire
- Improved model aims to increase efficiency and payload; enhance
driver experience
- Hybrid eX to be unveiled at the American Clean Transportation
(ACT) Expo on August 31 with customer units shipping later this
year
- Hyliion will begin to recognize revenue on Hybrid eX units
following launch
Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in
electrified powertrain solutions for Class 8 commercial
semi-trucks, will be unveiling an improved model of its Hybrid
system at the American Clean Transportation Expo in Long Beach,
California.
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Hyliion® Announces Launch of Improved
Hybrid Powertrain Solution – “Hybrid eX” (Photo: Business Wire)
Designated the Hyliion Hybrid eX, this updated version of
Hyliion’s sustainability-focused hybrid powertrain offers fleets a
lighter solution that is easier to install, service, and operate.
The Hybrid eX draws upon the real-world feedback Hyliion has
received from customers and the millions of miles logged with the
previous system.
The Hybrid eX features a number of improvements over the earlier
Hybrid configuration, including:
- A simpler, more rugged design with a consolidated battery box
that aims to significantly streamline the installation process
- Reduced net system weight, allowing for greater payload
- New e-axle for improved efficiency
- Refined software and cloud connectivity aiming to deliver
over-the-air performance and proprietary updates more
efficiently
- New automatic traction-assist feature and updated control
interfaces striving for improved driver experience
- Cybersecurity advancements to adhere to the latest in industry
best practices
“The launch of the enhanced version of our Hybrid powertrain is
a major milestone in our Hybrid commercialization process and
reflects the ongoing work we are doing to innovate for the benefit
of commercial fleets and the environment,” said Thomas Healy,
Founder and CEO of Hyliion. “We expect these improvements to make
the Hybrid that much easier for fleets to adopt, while also helping
them to achieve their ESG and emissions targets.”
Hyliion will unveil the Hybrid eX for the first time today at
the ACT Expo in Long Beach, California and is expected to begin
shipping Hybrid eX units in the latter part of 2021. Initial
recipients include both returning Hyliion customers, and new
customers like Werner Enterprises, whose semi-truck will be
featured in Hyliion’s booth at the ACT Expo. After the launch of
the Hybrid eX product, the company expects to recognize revenue on
these units.
Hyliion’s Hybrid solution is designed for Class 8 diesel and CNG
commercial trucks, providing fuel savings, performance and other
improvements via an energy regeneration powered electric hybrid
system, depending on truck configuration and fuel type. Combined
with Hyliion’s proprietary software and battery technology, this
comprehensive solution—which also contains an integrated hoteling
auxiliary power unit (APU) to reduce idling—aims to assist fleets
to achieve maximum operational performance, driving progress
towards their sustainability goals.
About Hyliion
Hyliion’s mission is to reduce the carbon intensity and
greenhouse gas (GHG) emissions of Class 8 commercial trucks by
being a leading provider of electrified powertrain solutions.
Leveraging advanced software algorithms and data analytics
capabilities, Hyliion offers fleets an easy, efficient system to
decrease fuel and operating expenses while seamlessly integrating
with their existing fleet operations. Headquartered in Austin,
Texas, Hyliion designs, develops, and sells electrified powertrain
solutions that are designed to be installed on most major Class 8
commercial trucks, with the goal of transforming the commercial
transportation industry’s environmental impact at scale. For more
information, visit www.hyliion.com.
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, Hyliion’s ability to disrupt
the powertrain market, Hyliion’s focus in 2021 and beyond, the
effects of Hyliion’s dynamic and proprietary solutions on its
commercial truck customers, accelerated commercialization of the
Hypertruck ERX, the ability to meet 2021 and future product
milestones, the impact of COVID-19 on long-term objectives, the
ability to reduce carbon intensity and greenhouse gas emissions and
the other risks and uncertainties set forth in “Risk Factors”
section of Hyliion’s annual report on Form 10-K/A filed with the
Securities and Exchange Commission (the “SEC”) on May 17, 2021 for
the year ended December 31, 2020. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210831005574/en/
Hyliion Holdings Corp. Press Ryann Malone
press@hyliion.com (833) 495-4466 Investor Louis Baltimore
ir@hyliion.com (833) 495-4466
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