Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in
electrified powertrain solutions for Class 8 semi-trucks, today
announced that NFI has ordered 10 units backed by deposits to
secure Hypertruck ERX™ production slots.
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A leader in supply chain logistics with a fleet of over 4,500
trucks, NFI’s focus on sustainably serving communities across North
America led to their interest in the Hypertruck ERX. The order
comes after the Hypertruck Innovation Council member visited
Hyliion’s headquarters for a Ride and Drive experience to evaluate
the impact adding Hypertruck ERX units to their fleet could have in
further driving their momentum in the zero-emissions goods
movement.
“With an approach to sustainability from a strategic
perspective, NFI’s commitment to tracking and reducing its
greenhouse gas emissions makes them a strong Hypertruck Innovation
Council member and a clear leader in the drive toward a
zero-emission transportation industry. I’m thrilled they have
selected the Hypertruck ERX as an avenue in reducing their carbon
footprint as they continue to push forward with scalable
sustainability initiatives,” said Thomas Healy, Founder and CEO of
Hyliion.
“NFI has been providing logistics solutions for 90 years, and
our commitment to sustainability initiatives will allow us to
continue to serve our valued customers for decades to come. By
investing in green technology like the Hypertruck ERX, we’re able
to take another transformative step toward a zero-emissions freight
industry, and I look forward to seeing the impact these Hypertruck
ERX units will have in further reducing our carbon footprint,” said
James O'Leary, Vice President of Assets at NFI.
About Hypertruck ERX™
The Hypertruck ERX™ is an electric powertrain that is recharged
by an onboard natural gas generator for Class 8 commercial trucks
that aims to provide lower operating costs, emissions reductions,
and superior performance. 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’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.
About NFI
NFI is a fully-integrated North American supply chain solutions
provider headquartered in Camden, N.J. Privately held by the Brown
family since 1932, the company generates more than $3.1 billion in
annual revenue and employs over 15,500 associates. NFI owns and
operates more than 60 million square feet of warehouse space
alongside a dedicated fleet of 4,600 tractors and 13,000 trailers.
By 2023, the company will operate the first 100% zero-emission
drayage fleet, leading the transition to zero-emission goods
movement in the United States. NFI’s relentless innovation and
unparalleled service deliver logistics solutions that transform the
way business gets done. The company’s business lines include
dedicated transportation, warehousing and distribution, ecommerce
fulfillment, brokerage, transportation management, port drayage,
intermodal, global logistics, and industrial real estate. For more
information about NFI, visit www.nfiindustries.com or call
1-877-NFI-3777.
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 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 24, 2022
for the year ended December 31, 2021. 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/20220629005218/en/
Hyliion Holdings Corp. Ryann Malone press@hyliion.com (833)
495-4466
Sharon Merrill Associates, Inc. Nicholas Manganaro
hyln@investorrelations.com (617) 542-5300
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