New collaboration features fleet and know-how leaders Agility Logistics, American Pure Gas, Anheuser-Busch, GreenPath Logistics, NFI, Penske Truck Leasing, Ruan Transportation Management Programs, Ryder Technique, Inc., Schneider, Wegmans Meals Marketplaces, Werner Enterprises
Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a chief in electrified powertrain answers for Class 8 semi-vehicles, right now announced the formation of the Hypertruck Innovation Council, a select group of fleet, logistics, and transportation field leaders that will actively guidance the progress of Hyliion’s Hypertruck powertrain solution.
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Representing over 100,000 Course 8 industrial vehicles globally, the Council will collaborate closely with Hyliion to present important person insights in the improvement of the Hypertruck, the company’s electrical powertrain for Class 8 business trucks that will supply remarkable general performance, emissions reductions, and lower working costs.
Thomas Healy, Founder and CEO of Hyliion, claimed, “Our consumers are at the core of our enterprise. Their comments and collaboration are essential to the accomplishment of our Hybrid answer, which has previously logged millions of genuine-globe miles. That is why we have introduced together the Hypertruck Innovation Council, a team of commercial transportation sector leaders, who will be the 1st to test and critique demonstration units of the Hypertruck ERX and whose feed-back will be critical as we increase upon our technological know-how. The Council will also aid us be certain that the unique and diverse requires of today’s fleets continue to be mirrored in our merchandise as Hyliion develops the following technology of marketplace-foremost, environmentally aware technological innovation and powertrain alternatives.”
Council customers will be the very first to have obtain to and put serious-environment miles on the Hypertruck ERX demonstration units, giving beneficial fleet and driver feed-back. With an eye on furthering sustainable tactics in the business trucking marketplace, the Council shares Hyliion’s concentration on lessening carbon emissions devoid of sacrificing functionality.
“With a single of the most significant dedicated fleets in the U.S., Anheuser-Busch is dedicated to major the field in direction of zero-emissions business transportation by increasing the sustainability of our very own logistics operations,” mentioned Angie Slaughter, Vice President of Sustainability and Logistics Procurement at Anheuser-Busch. “The most impactful systems arrive from close collaboration with knowledgeable and progressive minds, and we’re thrilled to participate in the Hyliion Hypertruck Innovation Council to support the growth of a transportation answer that meets the sophisticated desires of today’s fleets when doing work to construct a far more sustainable potential.”
Healy included, “Now more than at any time, fleets need productive and economical systems that also deal with broader sustainability targets. Our collective strengths will support Hyliion unlock the possible for electrification technological know-how whilst advancing our customers’ operations and the marketplace at-massive.”
About the Hypertruck ERX
The Hyliion Hypertruck ERX™ is an electrical powertrain charged by purely natural gas for Class 8 commercial vehicles. The Hypertruck ERX intends to deliver a long-haul, electric powered powertrain alternative providing decreased functioning costs, emissions reductions, and top-quality effectiveness to the worldwide commercial trucking field. Making use of the 700+ commercial natural gas car filling stations across North America, it enables very long assortment and fast refueling, and when fueled with renewable organic gas, can give net-negative carbon emissions to business fleets.
Hyliion Holdings Corp.’s (NYSE: HYLN) mission is to minimize the carbon intensity and greenhouse fuel (GHG) emissions of Class 8 commercial vehicles by becoming a main service provider of electrified powertrain alternatives. Leveraging state-of-the-art software package algorithms and knowledge analytics capabilities, Hyliion provides fleets an easy, efficient method to minimize gas and functioning bills when seamlessly integrating with their existing fleet operations. Headquartered in Austin, Texas, Hyliion styles, develops, and sells electrified powertrain remedies that are designed to be installed on most key Class 8 professional vans, with the purpose of transforming the industrial transportation industry’s environmental effects at scale. For a lot more info, take a look at www.hyliion.com.
Ahead On the lookout Statements
The data in this push release includes “ahead-on the lookout statements” in the which means of Segment 27A of the Securities Act of 1933, as amended, and Area 21E of the Securities Trade Act of 1934, as amended. All statements, other than statements of current or historical fact included in this press launch, concerning Hyliion and its potential economic and operational performance, as perfectly as its system, long term operations, estimated financial placement, believed revenues, and losses, projected charges, potential clients, programs and targets of administration are forward hunting statements. When used in this press release, such as any oral statements produced in link therewith, the words “could,” “need to,” “will,” “could,” “consider,” “foresee,” “intend,” “estimate,” “expect,” “task,” the adverse of such terms and other comparable expressions are intended to determine ahead-wanting statements, whilst not all forward-searching statements incorporate these identifying phrases. These forward-wanting statements are based on management’s present-day anticipations and assumptions about long run situations and are based mostly on at present offered information as to the outcome and timing of foreseeable future activities. Apart from as usually expected by applicable legislation, Hyliion expressly disclaims any responsibility to update any forward-looking statements, all of which are expressly capable by the statements herein, to reflect gatherings or situation just after the date of this press release. Hyliion cautions you that these ahead-wanting statements are subject to many challenges and uncertainties, most of which are difficult to predict and a lot of of which are further than the control of Hyliion. These dangers incorporate, but are not restricted to, Hyliion’s capacity to disrupt the powertrain marketplace, Hyliion’s aim in 2021 and outside of, the results of Hyliion’s dynamic and proprietary remedies on its commercial truck buyers, accelerated commercialization of the Hypertruck ERX, the capacity to meet up with 2021 and foreseeable future products milestones, the affect of COVID-19 on prolonged-term aims, the ability to minimize carbon intensity and greenhouse fuel emissions and the other hazards and uncertainties set forth in “Chance Factors” area of Hyliion’s yearly report on Type 10-K submitted with the Securities and Trade Fee (the “SEC”) on February 26, 2021 for the year ended December 31, 2020. Provided these pitfalls and uncertainties, viewers are cautioned not to place undue reliance on these kinds of ahead-seeking statements. Ought to a single or far more of the threats or uncertainties explained in this push release come about, or must fundamental assumptions confirm incorrect, actual effects and strategies could different materially from those expressed in any ahead-looking statements. Extra info concerning these and other elements that may well influence Hyliion’s functions and projections can be discovered in its filings with the SEC. Hyliion’s SEC Filings are available publicly on the SEC’s site at www.sec.gov, and visitors are urged to thoroughly overview and take into consideration the many disclosures produced in these kinds of filings.
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Hyliion Holdings Corp.