Hyliion’s Hypertruck ERX Becomes First Electric Semi-Truck to Transport NYSE Christmas Tree to the Financial District
November 30 2022 - 8:00AM
Business Wire
NYSE to celebrate 99th annual Christmas tree
lighting on November 30th
November 30 – Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a
leader in electrified powertrain solutions for Class 8 semi-trucks,
today announced that it has successfully delivered the New York
Stock Exchange’s iconic Christmas tree for the 99th annual lighting
ceremony, which will take place this evening, November 30th, from 2
pm – 6 pm ET. The NYSE Christmas tree has been a downtown New York
mainstay since 1923. This is the first time an electric semi-truck
has delivered the 18,000-pound Norway Spruce to the NYSE site in
the city’s Financial District.
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The Hyliion Hypertruck ERX, an electric powertrain that is
recharged by an onboard natural gas generator, transported the
approximately 80-foot tree from West Nyack, NY to Experience Square
outside the exchange, where it will stay through the 2022 holiday
season.
“This holiday season, Hyliion is pleased to continue its
collaboration with the New York Stock Exchange by being part of
this time-honored tradition and delivering some holiday cheer to
Experience Square. The NYSE’s choice of Hyliion to transport the
tree reflects the exchange’s focus on ESG and strong support for
the sustainability initiatives of its community of listed
companies,” said Thomas Healy, CEO of Hyliion.
“As the Hypertruck ERX powertrain moves towards production in
2023, Hyliion is deploying a series of vehicles in controlled fleet
trials with some of the nation’s leading fleets. The semi-truck
used to move the Christmas tree is one of these demo vehicles and
now will continue to be showcased with fleets across the country,"
continued Healy.
“We were thrilled to see Thomas Healy pull up to 11 Wall Street
and personally deliver this year’s NYSE Christmas tree in an
electric truck, underscoring Hyliion’s commitment to building a
sustainable future,” said Lynn Martin, President of the New York
Stock Exchange. “At a moment when ESG is gaining increased
attention, Hyliion told its story through action and helped to kick
off our holiday celebration in a powerful way.”
This year marks the NYSE’s 99th annual Christmas tree lighting.
The event will feature artists, organizations, and NYSE-listed
companies, gathering to celebrate the New York City community and
the season of giving.
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 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/20221130005378/en/
Ryann Malone press@hyliion.com (833)
495-4466 Sharon Merrill Associates, Inc. Nicholas
Manganaro hyln@investorrelations.com (617)
542-5300
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