WeTheMarket
1 mes hace
Hyliion Holdings Reports Third-Quarter 2024 Financial Results
November 14 2024
https://ih.advfn.com/stock-market/NYSE/hyliion-HYLN/stock-news/94915366/hyliion-holdings-reports-third-quarter-2024-financ
Hyliion Holdings Corp. (NYSE American: HYLN) (“Hyliion”), a developer of sustainable electricity-producing technology, today reported its third-quarter 2024 financial results.
Key Business Highlights
- On track to deliver initial customer units by year-end and reaffirms guidance of low double-digit millions in revenue for 2025
- Secured customer commitments exceeding 2025 KARNO™ generator production capacity
- Announced revenue recognition beginning in Q4 2024 for military development projects
- Announced plans to develop a 2-megawatt KARNO generator product targeting the data center market, with expected deployment in 2026
- Awarded a contract for up to $16.0 million by the U.S. Navy’s Office of Naval Research (ONR) to explore the KARNO generator for Navy ships and stationary power
- Executed an LOI with ANA, a leader in industrial equipment, for up to 6 KARNO units in mobile power applications
- Announced the KARNO generator qualifies under California’s Renewables Portfolio Standard using renewable fuels such as landfill gas, biogas and hydrogen
- Successfully demonstrated the KARNO generator’s fuel-agnostic capabilities by transitioning between multiple fuel types without interrupting operation
- Ended the quarter with $237.5 million of cash and investments
- Confirmed guidance of approximately $55 million in cash expenditures in 2024 for KARNO development including capital investments
Executive Commentary
"Hyliion is pleased to report several exciting developments this quarter, including a significant contract with the ONR, the planned development of a 2-megawatt KARNO system, and customer commitments in excess of our 2025 production capacity," stated Thomas Healy, Hyliion’s Founder and CEO. "These milestones highlight the strong demand for the KARNO generator and its versatility as a power generation solution across multiple applications. We are also looking forward to our first customer deliveries later this year, followed by a ramp-up in deliveries throughout next year."
KARNO Commercial Updates
Hyliion is developing a locally deployable 200kW generator system which it intends to deliver to initial customers beginning in late 2024. Target markets in the commercial power space include EV Charging, Data Centers, Waste Gas & Heat, Prime Power, and Mobility applications. Initial customer deployments will target these markets to demonstrate the versatility of the KARNO generator as well as key product attributes and differentiators versus competing technologies, including efficiency, emissions, fuel flexibility, and operating and maintenance costs. The Company will also garner useful feedback and information on the performance of the generator in these early deployments.
The Company announced during the quarter that a new contract with the Office of Naval Research, combined with two earlier contracts, will provide revenue of up to $17.2 million to perform research and development services related to KARNO generator applications for the U.S. Navy, including the purchase of up to seven KARNO generators. Hyliion believes the KARNO generator can provide a versatile, efficient, and reliable power solution to meet the unique demands of U.S. naval operations in maritime environments. Upon successful validation and demonstration, the KARNO generator could be used as an electric power system in future maritime platforms and for stationary power needs.
Hyliion anticipates beginning to recognize revenue in the fourth quarter of 2024 related to the development work and delivery of KARNO units associated with the military contracts.
Hyliion has now secured customer commitments exceeding its 2025 production capacity, with additional letters of intent already in place for 2026 deliveries. During the quarter, Hyliion announced the execution of a letter of intent (LOI) with ANA, a leading provider of innovative and reliable solutions in the industrial equipment industry, to procure up to six KARNO generators and launch a mobile generator application pilot trial. These customer commitments are executed as non-binding LOIs and are subject to the execution of definitive sales agreements prior to deliveries.
In addition, Hyliion’s KARNO generator, when operating on select renewable fuels, is set to qualify as an eligible technology under California’s Renewables Portfolio Standard (RPS) following the passage of Assembly Bill 1921. This eligibility positions KARNO technology to support California’s climate goals by delivering a versatile, low-emission power generation solution capable of utilizing renewable fuels such as landfill gas, biogas, and hydrogen.
KARNO Generator Development
The Company announced plans today to develop a 2-megawatt KARNO generator system tailored to meet the growing electricity demands of data center operations, driven by the rapid expansion of computing needs and artificial intelligence applications. The generator will provide data centers with a high-power, efficient, and low emission solution within a compact footprint roughly the size of a 20-foot shipping container. The KARNO generator's unique fuel flexibility and high-power density offer data center operators an advantage over other conventional power solutions. The Company expects initial 2-megawatt systems to be deployed in 2026.
Hyliion successfully demonstrated the KARNO generator’s fuel-agnostic capabilities by transitioning between multiple fuel types during operation without interruption. This achievement highlights the generator’s ability to handle impure or mixed fuels, making it ideal for applications in industries like oil and gas, waste gas recovery, and other environments where fuel flexibility is advantageous.
Hyliion continued to take delivery of additive printing machines during the quarter at its Austin, Texas manufacturing facility and placed orders for additional printer deliveries extending through mid 2025. The Company expects to take delivery of its first M Line production additive printer from Colibrium Additive, a GE Aerospace company, in the coming weeks. These advanced printers are designed for volume production and will assist with Hyliion’s production ramp.
Financial Highlights and Guidance
Third quarter operating expenses totaled $14.2 million, compared to $33.3 million in the prior-year quarter. Expenses were offset by a credit of $929 thousand from the sale of assets related to the discontinued powertrain business. Net loss in the third quarter was $11.2 million, compared with $30.3 million in the third quarter of 2023. Year-to-date net loss through September 2024 was $37.7 million, down significantly from $94.4 million during the first three quarters of 2023. Losses in 2023 were primarily driven by spending related to Hyliion’s discontinued powertrain business.
Total changes in cash and investment balances for the quarter were $11.2 million, driven by net operating losses and capital expenditures, partly offset by cash generated from interest income and powertrain asset sales. Total cash and investments at the end of the quarter were $237.5 million.
For 2024, total cash consumed for KARNO development and capital investments is expected to be approximately $55 million. This estimate excludes cash payments associated with share repurchases that have already been conducted during 2024, and payments and asset sales associated with the wind down of powertrain operations. Hyliion continues to expect it will achieve commercialization of the KARNO generator with capital on hand.
Projections for 2025 include growth of KARNO generator deliveries, with proceeds from sales and research and development services in the low double-digit millions of dollars. The Company is also targeting approximately break-even gross margins on a cash basis by late 2025 or early 2026, with cash spending to grow modestly compared to 2024.
About Hyliion
Hyliion is committed to creating innovative solutions that enable clean, flexible and affordable electricity production. The Company’s primary focus is to provide distributed power generators that can operate on various fuel sources to future-proof against an ever-changing energy economy. Headquartered in Austin, Texas, and with research and development in Cincinnati, Ohio, Hyliion is initially targeting the commercial and waste management industries with a locally deployable generator that can offer prime power as well as energy arbitrage opportunities. Beyond stationary power, Hyliion will address mobile applications such as vehicles and marine. The KARNO generator is a fuel-agnostic solution, enabled by additive manufacturing, that leverages a linear heat generator architecture. The Company aims to offer innovative, yet practical solutions that contribute positively to the environment in the energy economy. For further information, please visit www.hyliion.com.
WeTheMarket
3 meses hace
Hyliion’s KARNO Linear Generator Now Qualifies Under California’s Renewables Portfolio Standard (RPS)
September 27 2024
https://ih.advfn.com/stock-market/NYSE/hyliion-HYLN/stock-news/94624549/hyliion-s-karno-linear-generator-now-qualifies-un
Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a developer of sustainable electricity-producing technology, today announced that its innovative KARNO™ linear generator is now an eligible technology under California’s RPS, following the passage of Assembly Bill 1921 by Governor Newsom. This inclusion allows the KARNO technology to play a pivotal role in delivering low-emission energy solutions, using renewable fuels such as landfill gas, biogas, hydrogen, and others to meet California’s climate goals.
The RPS program requires 60% of retail electricity sales to come from renewable energy sources by the end of 2030, with a target to reach 100% carbon neutrality by 2045. The program incentivizes the adoption of clean technologies to reduce greenhouse gas emissions, driving innovation in renewable energy generation. The KARNO generator’s qualification can contribute to these goals by offering a versatile, fuel-flexible power source, capable of leveraging over 20 fuels including renewable natural gas, hydrogen and ammonia for low to zero-emission energy generation.
“We believe the KARNO technology holds tremendous potential to deliver clean, efficient power generation urgently needed in today’s growing energy markets,” said Thomas Healy, Founder and CEO of Hyliion. “California is leading the way in green initiatives, and we are excited to support their energy goals through our cutting-edge technology, helping to create a more sustainable and resilient energy future.”
To learn more about the Assembly Bill 1921, visit: https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=202320240AB1921.
To learn more about the Hyliion KARNO generator, visit www.hyliion.com.
About the KARNO Generator
The KARNO generator is a linear heat generator that leverages advanced 3D metal printed components and proprietary flameless oxidation technology to produce clean electricity. Modular in design, the generator is expected to show an improvement in fuel efficiency, require significantly lower maintenance costs and have a much lower emissions profile than conventional generators. It is also capable of operating on over 20 different fuels, including hydrogen, natural gas, propane, ammonia and conventional fuels.
About Hyliion:
Hyliion is committed to creating innovative solutions that enable clean, flexible and affordable electricity production. The Company’s primary focus is to provide distributed power generators that can operate on various fuel sources to future-proof against an ever-changing energy economy. Headquartered in Austin, Texas, and with research and development in Cincinnati, Ohio, Hyliion is initially targeting the commercial and waste management industries with a locally deployable generator that can offer prime power as well as energy arbitrage opportunities. Beyond stationary power, Hyliion will address mobile applications such as vehicles and marine. The Company aims to offer innovative, yet practical solutions that contribute positively to the environment in the energy economy. For further information, please visit www.hyliion.com.
WeTheMarket
4 meses hace
Hyliion awarded government contract with US Navy
August 29, 2024
https://www.lpgasmagazine.com/hyliion-awarded-government-contract-with-u-s-navy/
Hyliion Holdings Corp., a developer of sustainable electricity-producing technology, has been awarded a Small Business Innovation Research (SBIR) government contract by the U.S. Navy. Phase 1 of the award, N241–060, will allow Hyliion to create a preliminary design of a modular generator system that integrates the Navy’s specifications with Hyliion’s KARNO generator technology.
Hyliion’s KARNO generator is a linear heat unit capable of operating on more than 20 fuels, including propane.
With this contract, Hyliion will showcase a design concept of the KARNO generator in a megawatt-scale modular system. The system will be engineered to offer a versatile and flexible approach to meet the U.S. government’s unmanned surface vessel (USV) cross-platform requirements, scalable to various power needs and adaptable to the available platform space. Hyliion plans to leverage its foundational 200-kilowatt KARNO genset, combining multiple units together to achieve the desired power output.
“We are honored to receive this SBIR contract from the United States Navy,” says Thomas Healy, founder and CEO of Hyliion. “This award is a testament to the KARNO generator’s expected ability to offer efficient, flexible and low-maintenance power generation. We are excited to contribute to the Navy’s mission and explore higher power solutions for their USV initiative.”
The SBIR program is an initiative that supports scientific excellence and technological advancements by investing federal research funds in key American priorities aimed at strengthening the national economy and defense infrastructure. The primary objective of the N241-060 program is to develop and demonstrate a megawatt scale, ultra-reliable and efficient USV modular generator concept tailored to the Navy’s requirements. This concept involves configuring smaller kilowatt-scale building block power units in a high-density package to achieve a 4,000-hour no-touch maintenance periodicity for continuous operation in a naval environment.
The KARNO generator, with its ability to operate on multiple fuels, including NATO F-76, is ideally suited for the Navy’s USV program, according to the company. The system’s hermetically sealed architecture, with only one moving part per shaft, is designed for maintenance-free operation over long running hours.
WeTheMarket
4 meses hace
Hyliion Awarded Government Contract to Create a Megawatt-Scale Concept of the KARNO Generator Technology for the United States Navy
08/08/2024
https://investors.hyliion.com/news/news-details/2024/Hyliion-Awarded-Government-Contract-to-Create-a-Megawatt-Scale-Concept-of-the-KARNO-Generator-Technology-for-the-United-States-Navy/default.aspx
AUSTIN, Texas--(BUSINESS WIRE)-- Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a developer of sustainable electricity-producing technology, is pleased to announce that it has been awarded a Small Business Innovation Research (SBIR) government contract by the United States Navy. Phase 1 of the award, N241–060, will allow Hyliion to create a preliminary design of a modular generator system that integrates the Navy’s specifications with Hyliion’s cutting-edge KARNO ™ generator technology.
With this contract, Hyliion will showcase a design concept of the KARNO generator in a megawatt-scale modular system. The system will be engineered to offer a versatile and flexible approach to meet the U.S. government's Unmanned Surface Vessel (USV) cross-platform requirements, scalable to various power needs and adaptable to the available platform space. Hyliion plans to leverage its foundational 200-kilowatt (kW) KARNO genset, combining multiple units together to achieve the desired power output.
“We are honored to receive this SBIR contract from the United States Navy,” said Thomas Healy, Founder and CEO of Hyliion. “This award is a testament to the KARNO generator’s expected ability to offer efficient, flexible, and low-maintenance power generation. We are excited to contribute to the Navy’s mission and explore higher power solutions for their USV initiative.”
The SBIR program is an initiative that supports scientific excellence and technological advancements by investing federal research funds in key American priorities aimed at strengthening the national economy and defense infrastructure. The primary objective of the N241-060 program is to develop and demonstrate a megawatt (MW) scale, ultra-reliable, and efficient USV modular generator concept tailored to the Navy’s requirements. This concept involves configuring smaller kW-scale building block power units in a high-density package to achieve a 4,000-hour no-touch maintenance periodicity for continuous operation in a naval environment.
This government contract underscores Hyliion's commitment to innovation and its leadership in developing sustainable energy solutions. The KARNO generator, with its exceptional form factor and ability to operate on multiple fuels, including NATO F-76, is ideally suited for the Navy’s USV program. The system’s hermetically sealed architecture, with only one moving part per shaft, is designed for maintenance-free operation over long running hours.
For more information on Hyliion or the KARNO generator, please visit www.hyliion.com .
For additional details on the SBIR, please visit https://www.navysbir.com/n24_1/N241-060.htm .
About the KARNO Generator
The KARNO generator is a linear heat generator that leverages advanced 3D metal printed components and proprietary flameless oxidation technology to produce clean electricity. Modular in design, the generator is expected to show an improvement in fuel efficiency, require significantly lower maintenance costs and have a much lower emissions profile than conventional generators. It is also capable of operating on over 20 different fuels,
including hydrogen, natural gas, propane, ammonia and conventional fuels.
About Hyliion
Hyliion is committed to creating innovative solutions that enable clean, flexible, and affordable electricity production. The Company’s primary focus is to provide distributed power generators that can operate on various fuel sources to future-proof against an ever-changing energy economy. Headquartered in Austin, Texas, and with research and development in Cincinnati, Ohio, Hyliion is initially targeting the commercial and waste management industries with a locally deployable generator that can offer prime power as well as energy arbitrage opportunities. Beyond stationary power, Hyliion will address mobile applications such as vehicles and marine. The Company aims to offer innovative, yet practical solutions that contribute positively to the environment in the energy economy. For further information, please visit www.hyliion.com
WeTheMarket
7 meses hace
Hyliion Launches Production of First KARNOTM Additive Components at Austin Headquarters
June 05, 2024
https://www.businesswire.com/news/home/20240605361837/en/Hyliion-Launches-Production-of-First-KARNOTM-Additive-Components-at-Austin-Headquarters
AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a developer of sustainable electricity-producing technology, is proud to announce the successful commencement of manufacturing of additive parts for the KARNO generator at its headquarters in Austin, Texas. This significant achievement will assist with scaling capacity as the company moves towards delivering generators to customers later this year.
Between Hyliion’s headquarters in Austin, Texas, and its R&D facility in Milford, Ohio, the company currently owns over a dozen additive printing machines, with the intent to markedly grow its manufacturing capacity in the years ahead. The new additions to the manufacturing capabilities will include cutting-edge Colibrium Additive (formerly GE Additive) M Line printers that offer the latest in production speed and efficiency improvements.
Thomas Healy, Founder and CEO of Hyliion, commented, "Initiating additive production in Austin greatly enhances our manufacturing capacity as we gear up to deliver our first KARNO units to customers this year. By leveraging additive manufacturing, we can produce complex components while also scaling production economically for the KARNO generator."
The KARNO generator’s efficiency is significantly enhanced by the precision and innovation enabled through this advanced 3D printing process. Additive manufacturing allows for enhanced design flexibility, reduced material waste, and robust durability, setting a new standard for high-performance component production in the power generation industry.
The initial parts printed in Austin were aluminum cooling jackets used in the KARNO generator to remove the heat generated by the linear electric machine. In the coming months, the company will start producing additional additive components for the generator in Austin, scaling up production alongside its existing facility in Ohio.
The first KARNO generators are expected to be delivered to early adopter customers in the second half of 2024. These initial deployments will provide valuable real-world data and feedback, further refining the technology and solidifying Hyliion’s position as a pioneer in the power generation sector.
About Hyliion
Hyliion is committed to creating innovative solutions that enable clean, flexible and affordable electricity production. The Company’s primary focus is to provide distributed power generators that can operate on various fuel sources to future-proof against an ever-changing energy economy. Headquartered in Austin, Texas, and with research and development in Cincinnati, Ohio, Hyliion is initially targeting the commercial and waste management industries with a locally deployable generator that can offer prime power as well as energy arbitrage opportunities. Beyond stationary power, Hyliion will address mobile applications such as vehicles and marine. The Company aims to offer innovative, yet practical solutions that contribute positively to the environment in the energy economy. For further information, please visit www.hyliion.com.
WeTheMarket
8 meses hace
Hyliion Holdings Reports First-Quarter 2024 Financial Results
April 30 2024
https://ih.advfn.com/stock-market/NYSE/hyliion-HYLN/stock-news/93751427/hyliion-holdings-reports-first-quarter-2024-financ
Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a developer of sustainable electricity-producing technology, today reported its first-quarter 2024 financial results.
Key Business Highlights
- Announced that H2 Energy Group has executed a letter of intent to purchase up to 10 KARNO generator units that will operate on hydrogen rich syngas produced from sustainable processes
- Announced partnership with BayoTech to introduce Hyliion and BayoTech’s innovative solutions to each other’s customers
- Reiterated plans to deliver initial KARNO generator units to customers in late 2024
- Reported today that customer commitments are secured for 2024 production capacity and actively building a backlog of commitments for 2025 generator deliveries
- Hosted event with customers and other stakeholders to showcase KARNO technology and development progress
- Repurchased 8.7 million shares for $11.3 million as part of the company’s $20 million Stock Repurchase Program
- Ended the quarter with $264 million of cash and investments
- Reaffirmed guidance of $40 to $50 million cash expenditures in 2024 for KARNO development and capital investments
Executive Commentary
“I'm excited with the progress we've achieved in the past quarter as we remain on course for the initial deployment of KARNO generators to customers later this year," stated Thomas Healy, Hyliion’s Founder and CEO. "The growing interest from customers in our technology is promising, and we anticipate expanding our order backlog throughout this year for 2025. Additionally, we're swiftly increasing our production capacity by introducing additive printers to our Austin, Texas facility to meet rising demand."
KARNO Commercial Updates
Hyliion is initially developing a locally-deployable 200kW generating system which it intends to deliver to initial deployment customers in late 2024. Target markets in the commercial power space include EV Charging, Waste Gas, Prime Power and Mobility applications. Initial customer deployments will target each of these markets to demonstrate the versatility of the KARNO generator as well as key product attributes and differentiators versus competing technologies, including efficiency, emissions, fuel flexibility, and operating and maintenance costs.
Hyliion also recently announced that H2 Energy Group has executed a non-binding letter of intent for the purchase of up to 10 KARNO generators that will be fueled by hydrogen-rich syngas. H2 Energy specializes in the production of hydrogen using completely sustainable and renewable biomass. The letter of intent outlines the plan for five KARNO generator units to be installed in 2025 and includes an option for the purchase of five additional generators upon successful deployment of the initial units. Hyliion also announced a partnership with BayoTech, a full-service hydrogen supplier, allowing the companies to introduce their innovative solutions to each other’s customers, enhancing the product offerings of both companies.
Hyliion recently hosted a KARNO generator showcase event at its Cincinnati engineering and development facility, welcoming guests including customers, regulators, media representatives, government officials, supplier partners, and other stakeholders. Attendees had the opportunity to witness the KARNO generator in action and explore its underlying technology, including additive manufacturing and the fuel oxidation process with hydrogen. Additionally, the company provided updates on recent development progress, plans for initial generator deployments and the scaling up of production capacity.
KARNO Generator Development
Hyliion is developing a revolutionary new electrical generator powered by a linear heat motor that is expected to deliver step-change improvements in performance characteristics compared to conventional electricity generating systems, including efficiency, emissions, maintenance requirements, noise levels and fuel flexibility. The KARNO generator is enabled by the latest advances in additive manufacturing technology.
The development of the KARNO generator remains on track for initial customer deployments in late 2024. The company has been testing its Alpha version of the generator and earlier this year began printing components for its BETA version, which is the production-intent design. The company is taking delivery of additive manufacturing machines at its Austin, Texas facility, slated to become Hyliion’s primary KARNO generator printing, manufacturing and assembly center starting in 2025. Additive printers on hand and on order account for most of the capacity required for planned generator production in 2025.
Powertrain Wind-Down
In November 2023, Hyliion announced that it was winding down its powertrain business segment to maintain the company’s strong cash position as it furthers development of KARNO generator technology. The company has retained the powertrain technology, enabling it to explore future use or sale of the technology and tangible assets. Most wind-down activities were completed through the first quarter of 2024, while efforts to monetize powertrain assets and technology will continue throughout the year.
Financial Highlights and Guidance
First quarter operating expenses totaled $19.0 million, compared to $31.9 million in the prior-year quarter. First quarter expenses include $4.4 million of exit and termination charges directly related to the wind down of the powertrain business. Net loss in the quarter was $15.6 million, compared to $28.8 million in the first quarter of 2023.
The company repurchased 8.7 million shares of stock in the first quarter for $11.3 million as part of the $20 million share repurchase program announced in late 2023. Total cash expenditures for the quarter were $35.3 million, including share repurchases, $14.1 million for KARNO development, SG&A expenses, and capital spending and $9.9 million for outlays related to powertrain wind-down activities, net of asset sales. Total cash and investments remaining at the end of the quarter were $264 million.
For 2024, total cash consumed by KARNO development and capital investments is expected to be between $40 and $50 million, down compared to $131 million in cash consumed by the company in 2023. This estimate excludes cash payments associated with the stock repurchase program, payments associated with the ongoing wind down of powertrain operations, and cash generated from the sale of powertrain assets. Hyliion expects to achieve commercialization of the KARNO generator with the capital on hand.
Projections for 2025 include growth of KARNO generator deliveries with proceeds from sales in the low double-digit millions of dollars. The company also projects gross margins to be approximately break-even or slightly negative and cash spending to grow modestly compared to 2024.
About Hyliion
Hyliion is committed to creating innovative solutions that enable clean, flexible and affordable electricity production. The Company’s primary focus is to provide distributed power generators that can operate on various fuel sources to future-proof against an ever-changing energy economy. Headquartered in Austin, Texas, and with research and development in Cincinnati, Ohio, Hyliion is initially targeting the commercial and waste management industries with a locally deployable generator that can offer prime power as well as energy arbitrage opportunities. Beyond stationary power, Hyliion will address mobile applications such as vehicles and marine. The KARNO generator is a fuel-agnostic solution, enabled by additive manufacturing, that leverages a linear heat generator architecture. The Company aims to offer innovative, yet practical solutions that contribute positively to the environment in the energy economy. For further information, please visit www.hyliion.com.
WeTheMarket
8 meses hace
Hyliion Holdings Schedules First Quarter Financial Results Conference Call and Webcast for May 1, 2024
April 18 2024
https://ih.advfn.com/stock-market/NYSE/hyliion-HYLN/stock-news/93682060/hyliion-holdings-schedules-first-quarter-financial
Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a developer of sustainable electricity-producing technology, today announced it will host a conference call and accompanying webcast at 11:00 a.m. ET / 10:00 a.m. CT on Wednesday, May 1, 2024, to discuss its financial results, the Company's business, and outlook. Hyliion plans to report its 2024 first quarter financial results after the market close on Tuesday, April 30, 2024.
Hyliion’s First Quarter 2024 Results Conference Call
Date: Wednesday, May 1, 2024
Time: 11:00 a.m. ET / 10:00 a.m. CT
Conference Call Online Registration:
https://events.q4inc.com/attendee/779376202
Access the Webcast:
https://registrations.events/direct/Q4I521878
An archived webcast of the conference call will be accessible on the Investor Relations section of the Hyliion website.
About Hyliion
Hyliion is committed to creating innovative solutions that enable clean, flexible and affordable electricity production. The Company’s primary focus is to provide distributed power generators that can operate on various fuel sources to future-proof against an ever-changing energy economy. Headquartered in Austin, Texas, and with research and development in Cincinnati, Ohio, Hyliion is initially targeting the commercial and waste management industries with a locally deployable generator that can offer prime power as well as energy arbitrage opportunities. Beyond stationary power, Hyliion will address mobile applications such as vehicles and marine. The Company aims to offer innovative, yet practical solutions that contribute positively to the environment in the energy economy. For further information, please visit www.hyliion.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240418615093/en/
Hyliion Holdings Corp.
press@hyliion.com
Investor Relations
ir@hyliion.com
WeTheMarket
8 meses hace
Hyliion’s Tech Odyssey
FreightWaves
28.6K subscribers
Posted Apr 17, 2024
Welcome to FreightWaves, your go-to destination for all things trucking and technology. In today's Community Spotlight, we sit down with Alan Adler, the host and writer of Art Truck Tech, fresh off his road trip adventures. Join us as we dive into the latest tech trends and innovations in Cincinnati!
- Hyliion's Tech Journey: Alan shares insights on Hyliion's journey, from their ambitious Hyper Truck Rex project to their pivot towards the Kado generator technology from General Electric.
- Unveiling Kado: The Future of Power Generation: Discover the revolutionary Kado generator, based on a Stirling engine, offering low emissions and versatile fuel options. Alan takes us behind the scenes of Hyliion's early production efforts in suburban Cincinnati.
- 3D Printing Revolution: Learn how additive manufacturing is driving innovation in the production of Kado parts, offering scalability and efficiency previously unseen in traditional manufacturing methods.
- Hyliion's Focus and Future: Alan discusses Hyliion's strategic focus on Kado technology, highlighting the company's resilience and adaptability in the face of challenges.
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