Hyliion Forms Hypertruck Innovation Council to Advance Electrification Solutions for Commercial Transportation Industry
April 07 2021 - 6:30AM
Business Wire
- New collaboration includes fleet and technology leaders
Agility Logistics, American Natural Gas, Anheuser-Busch,
GreenPath Logistics, NFI, Penske Truck Leasing, Ruan Transportation
Management Systems, Ryder System, Inc., Schneider, Wegmans Food
Markets, Werner Enterprises
- Council members will be the first to operate the Hypertruck
ERX™, providing direct feedback to actively advance the
powertrain’s path to commercialization
- Collaboration will aim to help drive sustainable practices in
the commercial trucking industry
Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in
electrified powertrain solutions for Class 8 semi-trucks, today
announced the formation of the Hypertruck Innovation Council, a
select group of fleet, logistics, and transportation industry
leaders that will actively support the development of Hyliion’s
Hypertruck powertrain solution.
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Representing over 100,000 Class 8 commercial trucks globally,
the Council will collaborate closely with Hyliion to provide key
user insights in the development of the Hypertruck, the company’s
electric powertrain for Class 8 commercial trucks that will provide
superior performance, emissions reductions, and lower operating
costs.
Thomas Healy, Founder and CEO of Hyliion, said, “Our customers
are at the core of our business. Their feedback and collaboration
are crucial to the success of our Hybrid solution, which has
already logged millions of real-world miles. That’s why we have
brought together the Hypertruck Innovation Council, a group of
commercial transportation industry leaders, who will be the first
to test and review demonstration units of the Hypertruck ERX and
whose feedback will be essential as we improve upon our technology.
The Council will also help us ensure that the unique and diverse
needs of today’s fleets continue to be reflected in our products as
Hyliion develops the next generation of industry-leading,
environmentally conscious technology and powertrain solutions.”
Council members will be the first to have access to and put
real-world miles on the Hypertruck ERX demonstration units,
providing valuable fleet and driver feedback. With an eye on
furthering sustainable practices in the commercial trucking
industry, the Council shares Hyliion’s focus on reducing carbon
emissions without sacrificing performance.
“With one of the largest dedicated fleets in the U.S.,
Anheuser-Busch is committed to leading the industry towards
zero-emissions commercial transportation by improving the
sustainability of our own logistics operations,” said Angie
Slaughter, Vice President of Sustainability and Logistics
Procurement at Anheuser-Busch. “The most impactful technologies
come from close collaboration with experienced and innovative
minds, and we’re excited to participate in the Hyliion Hypertruck
Innovation Council to support the development of a transportation
solution that meets the complex needs of today’s fleets while
working to build a more sustainable future.”
Healy added, “Now more than ever, fleets need efficient and
affordable technologies that also address broader sustainability
goals. Our collective strengths will help Hyliion unlock the
potential for electrification technology while advancing our
customers’ operations and the industry at-large.”
About the Hypertruck ERX
The Hyliion Hypertruck ERX™ is an electric powertrain charged by
natural gas for Class 8 commercial trucks. The Hypertruck ERX
intends to provide a long-haul, electric powertrain solution
delivering lower operating costs, emissions reductions, and
superior performance to the global commercial trucking industry.
Utilizing the 700+ commercial natural gas vehicle filling stations
across North America, it enables long range and quick refueling,
and when fueled with renewable natural gas, can provide
net-negative carbon emissions to commercial fleets.
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 filed with the
Securities and Exchange Commission (the “SEC”) on February 26, 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 different 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/20210407005508/en/
Hyliion Holdings Corp. Ryann Malone
press@hyliion.com (833) 495-4466
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