Hyliion Unveils Revolutionary Fuel Agnostic Hypertruck Karno™ at Advanced Clean Transportation Expo
May 02 2023 - 8:30AM
Business Wire
Next-gen KARNO™ generator can operate on
20+ different fuel sources, including hydrogen, and initial testing
indicates it’s expected to comply with current and foreseeable
emissions standards
Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in
electrified powertrain solutions for Class 8 commercial
semi-trucks, today announced the unveiling of its groundbreaking
Hypertruck KARNO demonstration vehicle at the Advanced Clean
Transportation Expo (“ACT”) in Anaheim, California on May 2, 2023.
The featured semi-truck employs a first-of-its-kind electric range
extender powertrain that can be refueled with both hydrogen and
natural gas.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230502005543/en/
(Photo: Business Wire)
“At Hyliion, we are delivering practical solutions that cater to
fleets' current needs while continually developing cutting-edge
products that seize the opportunities of tomorrow,” commented
Thomas Healy, Founder and CEO of Hyliion. “While our focus remains
on the 2023 production launch of the Hypertruck ERX™, a renewable
natural gas electric range extender powertrain, we are also
developing the Hypertruck KARNO as part of our transition to offer
fleets fuel flexibility,” Healy added.
The KARNO generator is expected to show an improvement in fuel
efficiency and a significantly lower emissions profile versus
conventional generators. It will also be capable of operating on
over 20 different fuels including hydrogen, natural gas, propane,
ammonia and conventional fuels.
Hyliion acquired the KARNO generator technology from GE Additive
last August to provide a next-generation generator for integration
into its powertrain platform and to be used for distributed grid
stationary power applications. The KARNO technology is a linear
motor heat generator that leverages advanced 3D metal printed
components and proprietary flameless oxidation technology to
produce clean electricity.
In ACT booth 6327, Hyliion will display the Hypertruck KARNO
demo truck and offer comprehensive technology overviews.
Additionally, Hyliion will feature the Hypertruck ERX powertrain
solution as part of the expo’s ride & drive experience. Both
the Hypertruck ERX system and Hypertruck KARNO leverage Hyliion’s
state-of-the-art electric powertrain but offer distinct onboard
power generation technologies.
The exhibited Hypertruck KARNO vehicle is intended for product
demonstration at ACT Expo and will be subsequently used for
continued development, testing and validation. This vehicle
underscores Hyliion's commitment to a net-carbon-negative global
commercial transportation industry.
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 2022 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 2022 and future product
milestones, the impact of COVID-19 on long-term objectives, the
ability to reduce carbon intensity and greenhouse gas emissions,
the expected performance and integration of the KARNO generator and
system, and the other risks and uncertainties set forth in “Risk
Factors” section of Hyliion’s annual report on Form 10-K filed with
the Securities and Exchange Commission (the “SEC”) on February 28,
2023 for the year ended December 31, 2022. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230502005543/en/
Hyliion Holdings Corp. Ryann Malone press@hyliion.com (833)
495-4466 Kellen Ferris kellen.ferris@hyliion.com (737) 292-8649
Hyliion (NYSE:HYLN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Hyliion (NYSE:HYLN)
Historical Stock Chart
From Apr 2023 to Apr 2024