Hyliion Names Shiva Duraiswamy as Vice President of Engineering
October 14 2021 - 8:00AM
Business Wire
- Former engineering leader at Wabtec Corporation and GE
Transportation, bringing extensive product innovation and
powertrain electrification experience
- Duraiswamy will lead engineering commercialization and drive
engineering and software functions as Hyliion brings to market the
leading electrified powertrain solutions for the commercial
transportation industry
Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in
electrified powertrain solutions for Class 8 semi-trucks, today
announced that Shiva Duraiswamy has joined the company as Vice
President of Engineering.
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Shiva Duraiswamy (Photo: Business
Wire)
A seasoned engineering and product leader, Duraiswamy brings
nearly 20 years of diverse global experience and a track record of
successfully leading large technology-focused teams in product
development, life cycle, and project management. At Hyliion, he
will oversee engineering teams focused on projects across the
product development spectrum, from powertrain and battery
innovation to controls and software systems implementation.
Duraiswamy joins Hyliion from Wabtec Corporation—formerly GE
Transportation—where he served as Director of Engineering. During
Duraiswamy’s time at GE Transportation, he led a global
organization of engineers and managers, launched advanced engine
and propulsion technologies for fuel efficiency, and spearheaded
multiple product initiatives including the development of
electrified powertrain solutions for locomotives. Previously, he
was with Daimler Trucks North America and Cummins leading the
development of engine and powertrain controls products to drive
fuel efficiency improvements. Duraiswamy earned a bachelor’s degree
in Mechanical Engineering from Bangalore University, a master’s
degree in Mechanical Engineering from Purdue University, as well as
an MBA in Strategy & Management from Kellogg School of
Management.
“I am pleased to welcome Shiva, whose extensive industry
expertise, employee management track record, and demonstrated
customer-centric leadership make him an invaluable addition to our
growing team, which continues to expand with impressive engineering
talent from the industry,” said Hyliion CEO Thomas Healy. “Under
Shiva’s management, Hyliion’s engineering commercialization team
will continue to focus on delivering differentiated products that
solve true problems with practical solutions.”
With Duraiswamy’s primary focus on commercialization, Chief
Technology Officer Patrick Sexton will continue to develop
Hyliion’s forward-looking product strategies. “We are excited to
have Shiva join the Hyliion team to lead the tactical
commercialization of our engineering products. Bolstering our team
with this caliber of talent offers me the bandwidth to focus on
future technologies so that Hyliion products can be competitive and
differentiated in the future for our customers,” said Sexton.
About Hyliion Hyliion Holdings Corp.’s (NYSE: HYLN)
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/20211014005406/en/
Press Contact Ryann Malone press@hyliion.com (833)
495-4466
Investor Contact Louis Baltimore ir@hyliion.com (833)
495-4466
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