Hyliion Announces Former Secretary Elaine Chao to Join Board of Directors
August 24 2021 - 8:30AM
Business Wire
Former U.S. Secretary of Transportation and
Secretary of Labor brings extensive knowledge in transportation
innovation and infrastructure
Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in
electrified powertrain solutions for Class 8 semi-trucks, today
announced that the Honorable Elaine Chao will join its board of
directors.
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A highly experienced leader of large public, private and
non-profit organizations, Elaine Chao brings an invaluable
perspective on global competitiveness, workforce development,
trends in governmental policies, and corporate governance. While
Secretary of Transportation, she advanced an agenda of American
innovation in building the transportation system of the future.
During her time at the Department of Labor, Elaine Chao focused on
increasing the competitiveness of America’s workforce in the global
economy.
“Elaine Chao has had an incredibly distinguished career
promoting innovation and American excellence, and we are fortunate
to have her join our board,” said Thomas Healy, Founder and CEO of
Hyliion. “She brings a wealth of knowledge and experience from both
a transportation and competitiveness viewpoint that will support
Hyliion as we continue to move along our path to commercialization
and work toward our vision of a global net-carbon-negative
commercial trucking industry,” Healy added.
Outside of her roles in the public sector, Elaine Chao has also
served as President and Chief Executive Officer of United Way of
America, head of the Peace Corps, and was a banker with Citicorp
and Bank of America. She is an experienced board member, having
served on a number of Fortune 500 public boards, and now serves on
the board of Kroger Company.
Elaine Chao earned her Masters of Business Administration at
Harvard Business School after graduating with an economics degree
from Mt. Holyoke College. Recognized for her outstanding
achievements, she is the recipient of 37 honorary Doctorate
degrees.
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/20210824005090/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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