Latest news with #Hyliion
Business Wire
28-05-2025
- Business
- Business Wire
Hyliion KARNO Power Module selected by US Air Force and DOD Chief Digital and Artificial Intelligence Office Under Military Multi-Fuel Initiative
AUSTIN, Texas--(BUSINESS WIRE)-- Hyliion Holdings Corp. (NYSE American: HYLN), a leading provider of innovative KARNO™ Power Modules, announced today that they were selected by the Department of the Air Force and the Department of Defense's Chief Digital and Artificial Intelligence Office (CDAO) to respond to a validated operational requirement within the Air Force to maintain critical operations during fuel supply disruptions by allowing seamless transitions between available fuels. Having achieved 'Awardable' status, Hyliion can now directly support the Air Force's transition toward more resilient energy sources, reducing reliance on one fuel and enabling integration of alternative fuels in-line with DoD energy strategy. Hyliion was selected through the CDAO's innovative solicitation process known as the Tradewinds Solutions Marketplace, which is designed to accelerate the procurement and adoption of mission critical technologies, such as Artificial Intelligence, Machine Learning, and resilient energy technologies. 'The Air Force leveraged the Tradewinds solicitation process to quickly collaborate with innovative American companies to enhance our ability to maintain critical operations during fuel supply disruptions, simplify logistics, and reduce procurement and maintenance costs over time,' said Mr. Kirk Phillips, Director, Air Force Office of Energy Assurance. 'Being featured on the Tradewinds Solutions Marketplace is a significant milestone for Hyliion,' said Thomas Healy, Founder and CEO of Hyliion. 'It validates the strategic value of our KARNO technology and underscores our commitment to supporting government missions. We are excited to play a role in reducing logistical burdens and increasing agility by eliminating the need for separate generators for each fuel type.' The KARNO system's versatility across fuel types and its superior environmental footprint makes it ideal for dynamic and remote deployment scenarios where resilience, efficiency, and sustainability are paramount. Hyliion was recognized among a competitive field of applicants to the Tradewinds Solutions marketplace whose solutions demonstrated innovation, scalability, and potential impact on DoD missions. Government customers interested in viewing the video solution can create a Tradewinds Solutions Marketplace account at 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 modular power plant technology 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 KARNO TM Power Module 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. Visit to learn more. About the Tradewinds Solutions Marketplace The Tradewinds Solutions Marketplace is a digital repository of post-competition, readily awardable pitch videos that address the Department of Defense's (DoD) most significant challenges in the Artificial Intelligence/Machine Learning (AI/ML), data, and analytics space. All awardable solutions have been assessed through complex scoring rubrics and competitive procedures and are available to Government customers with a Marketplace account. Government customers can create an account at Tradewinds is housed in the DoD's Chief Digital Artificial Intelligence Office. For more information or media requests, contact: Success@ About the Air Force Office of Energy Assurance The Air Force Office of Energy Assurance (AF OEA), a directorate of the Air Force Civil Engineer Center (AFCEC), develops energy solutions that close energy resilience gaps and strengthen our nation's Air Force and Space Force installations at home and abroad. By leveraging the expertise of the energy community, AF OEA builds tailored energy solutions for each installation that are resilient, innovative, and cost-effective. For more information visit For more information or media requests, contact: Success@ 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, our status as an early stage company with a history of losses, and our expectation of incurring significant expenses and continuing losses for the foreseeable future; our ability to develop key commercial relationships with suppliers and customers; our ability to retain the services of Thomas Healy, our Chief Executive Officer; the expected performance of the KARNO generator and system; the execution of the strategic shift from our powertrain business to our KARNO business; our ability to comply with governmental regulations related to defense spending and procurement; the suitability of our products for defense applications; and the other risks and uncertainties described under the heading 'Risk Factors' in our SEC filings including in our Annual Report (See item 1A. Risk Factors) on Form 10-K filed with the Securities and Exchange Commission (the 'SEC') on February 25, 2025 for the year ended December 31, 2024 and in our subsequently filed Forms 10-Q. 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 and readers are urged to carefully review and consider the various disclosures made in such filings.
Yahoo
28-05-2025
- Business
- Yahoo
Hyliion KARNO Power Module selected by US Air Force and DOD Chief Digital and Artificial Intelligence Office Under Military Multi-Fuel Initiative
AUSTIN, Texas, May 28, 2025--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE American: HYLN), a leading provider of innovative KARNO™ Power Modules, announced today that they were selected by the Department of the Air Force and the Department of Defense's Chief Digital and Artificial Intelligence Office (CDAO) to respond to a validated operational requirement within the Air Force to maintain critical operations during fuel supply disruptions by allowing seamless transitions between available fuels. Having achieved "Awardable" status, Hyliion can now directly support the Air Force's transition toward more resilient energy sources, reducing reliance on one fuel and enabling integration of alternative fuels in-line with DoD energy strategy. Hyliion was selected through the CDAO's innovative solicitation process known as the Tradewinds Solutions Marketplace, which is designed to accelerate the procurement and adoption of mission critical technologies, such as Artificial Intelligence, Machine Learning, and resilient energy technologies. "The Air Force leveraged the Tradewinds solicitation process to quickly collaborate with innovative American companies to enhance our ability to maintain critical operations during fuel supply disruptions, simplify logistics, and reduce procurement and maintenance costs over time," said Mr. Kirk Phillips, Director, Air Force Office of Energy Assurance. "Being featured on the Tradewinds Solutions Marketplace is a significant milestone for Hyliion," said Thomas Healy, Founder and CEO of Hyliion. "It validates the strategic value of our KARNO technology and underscores our commitment to supporting government missions. We are excited to play a role in reducing logistical burdens and increasing agility by eliminating the need for separate generators for each fuel type." The KARNO system's versatility across fuel types and its superior environmental footprint makes it ideal for dynamic and remote deployment scenarios where resilience, efficiency, and sustainability are paramount. Hyliion was recognized among a competitive field of applicants to the Tradewinds Solutions marketplace whose solutions demonstrated innovation, scalability, and potential impact on DoD missions. Government customers interested in viewing the video solution can create a Tradewinds Solutions Marketplace account at 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 modular power plant technology 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 KARNOTM Power Module 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. Visit to learn more. About the Tradewinds Solutions Marketplace The Tradewinds Solutions Marketplace is a digital repository of post-competition, readily awardable pitch videos that address the Department of Defense's (DoD) most significant challenges in the Artificial Intelligence/Machine Learning (AI/ML), data, and analytics space. All awardable solutions have been assessed through complex scoring rubrics and competitive procedures and are available to Government customers with a Marketplace account. Government customers can create an account at Tradewinds is housed in the DoD's Chief Digital Artificial Intelligence Office. For more information or media requests, contact: Success@ About the Air Force Office of Energy Assurance The Air Force Office of Energy Assurance (AF OEA), a directorate of the Air Force Civil Engineer Center (AFCEC), develops energy solutions that close energy resilience gaps and strengthen our nation's Air Force and Space Force installations at home and abroad. By leveraging the expertise of the energy community, AF OEA builds tailored energy solutions for each installation that are resilient, innovative, and cost-effective. For more information visit For more information or media requests, contact: Success@ 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, our status as an early stage company with a history of losses, and our expectation of incurring significant expenses and continuing losses for the foreseeable future; our ability to develop key commercial relationships with suppliers and customers; our ability to retain the services of Thomas Healy, our Chief Executive Officer; the expected performance of the KARNO generator and system; the execution of the strategic shift from our powertrain business to our KARNO business; our ability to comply with governmental regulations related to defense spending and procurement; the suitability of our products for defense applications; and the other risks and uncertainties described under the heading "Risk Factors" in our SEC filings including in our Annual Report (See item 1A. Risk Factors) on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on February 25, 2025 for the year ended December 31, 2024 and in our subsequently filed Forms 10-Q. 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 and readers are urged to carefully review and consider the various disclosures made in such filings. View source version on Contacts Hyliion Holdings Investor Relationsir@
Yahoo
21-05-2025
- Business
- Yahoo
Hyliion and Alkhorayef Join Saudi–U.S. Investment Forum During U.S. Presidential Visit, Signing Strategic MOU for $1 Billion Business Opportunity in the Energy Sector
AUSTIN, Texas, May 21, 2025--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE American: HYLN), developer of the innovative KARNOTM Power Module, and Alkhorayef Industries Company, a leading Saudi Arabian industrial conglomerate, announced the signing of a strategic memorandum of understanding (MOU) during the Saudi–U.S. Investment Forum 2025 in Riyadh. The MOU establishes a collaborative effort to validate, adapt, scale, and assemble KARNO Power Modules for the Saudi Arabian market, outlining a potential $1 billion business opportunity. The investment forum was held in conjunction with the state visit of President Donald J. Trump, where $600 billion in investment agreements were signed during the event, reinforcing the growing economic ties between the U.S. and Saudi Arabia. Hyliion's American-developed KARNO technology offers a transformative approach to addressing the Kingdom's growing energy needs. This collaboration is strategically aligned with Saudi Arabia's Vision 2030 agenda and supports both companies' long-term goals. As the Kingdom accelerates industrial development and infrastructure growth, demand for reliable, decentralized, and sustainable energy solutions is increasing rapidly. Hyliion's fuel-agnostic KARNO Power Modules are designed to deliver high efficiency, ultra-low emissions, and minimal maintenance, making it an ideal fit for critical applications where energy resilience and uptime are essential. Thomas Healy, Founder and CEO of Hyliion, remarked, "This MOU reflects the power of U.S.–Saudi collaboration and the importance of American innovation on the global stage. We're proud to work with Alkhorayef to bring cutting-edge energy solutions to the Kingdom." "At Alkhorayef Industries, we are committed to advancing sustainable technologies that drive progress across industries and communities," said Mohammed Alkhorayef, CEO of Alkhorayef Group Company. "Hyliion's KARNO Power Module represents a significant leap forward in clean power generation. Through this partnership, we are proud to contribute to Saudi Arabia's clean energy transformation and deliver solutions that align with the goals of Vision 2030." Following the successful completion of KARNO Power Module early deployments in the U.S., Hyliion and Alkhorayef Industries Company will, under this MOU, jointly pursue the following initiatives: Conduct a comprehensive validation of two KARNO Power Modules in Saudi Arabia in 2026, focusing on performance under high ambient temperatures, local fuel types, and elevated altitudes. Customize solutions to meet the region's unique energy requirements, including compatibility with LPG, hydrogen, ammonia, and other alternative fuels. Explore and establish regional partnerships to scale KARNO Power Module assembly and deployment across the Kingdom. Alkhorayef Industries Company's GulfPower division will lead the local execution of the KARNO deployment strategy, ensuring compliance with Saudi environmental regulations, grid standards, and site-specific performance requirements. In alignment with initiatives from the Ministry of Environment, Water and Agriculture (MEWA) and the Saudi Electricity Company (SEC), Alkhorayef Industries Company's sees the KARNO Power Module as a powerful tool to support the Kingdom's energy diversification and long-term sustainability goals. This MOU builds on the Letter of Intent (LOI) signed in December 2024, advancing the relationship from early-stage collaboration to actionable plans. The companies intend to validate and begin deploying KARNO power solutions in Saudi Arabia starting in 2026. Both the MOU and LOI are non-binding and are subject to the execution of definitive agreements. 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 modular power plant technology 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 KARNOTM Power Module 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 About Alkhorayef Group Company Alkhorayef Group Company (AGC), established in 1957 and headquartered in Saudi Arabia, delivers innovative solutions across agriculture, machinery systems, and energy, with operations in over 40 countries. Alkhorayef Industries Company's GulfPower brand, a leading manufacturer of electrical generators, offers ISO and SASO-certified solutions, comprehensive engineering services, and exceptional after-sales support. With a strong focus on quality and innovation, GulfPower serves diverse market sectors, ensuring reliable energy solutions tailored to specific needs. Alkhorayef Group Company remains committed to Vision 2030, providing reliable and sustainable energy solutions to foster progress and create a better future. 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, our status as an early stage company with a history of losses, and our expectation of incurring significant expenses and continuing losses for the foreseeable future; our ability to develop key commercial relationships with suppliers and customers; our ability to retain the services of Thomas Healy, our Chief Executive Officer; the expected performance of the KARNO generator and system; the execution of the strategic shift from our powertrain business to our KARNO business; our ability to comply with governmental regulations related to defense spending and procurement; the suitability of our products for defense applications; and the other risks and uncertainties described under the heading "Risk Factors" in our SEC filings including in our Annual Report (See item 1A. Risk Factors) on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on February 25, 2025 for the year ended December 31, 2024 and in our subsequently filed Forms 10-Q. 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 and readers are urged to carefully review and consider the various disclosures made in such filings. View source version on Contacts Hyliion Holdings Corp. press@ Investor Relations ir@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Hyliion Holdings Corp. (HYLN) Reports Q1 Loss, Lags Revenue Estimates
Hyliion Holdings Corp. (HYLN) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -25%. A quarter ago, it was expected that this company would post a loss of $0.07 per share when it actually produced a loss of $0.08, delivering a surprise of -14.29%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Hyliion , which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $0.49 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 55.55%. This compares to zero revenues a year ago. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Hyliion shares have lost about 31.4% since the beginning of the year versus the S&P 500's decline of -0.6%. While Hyliion has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Hyliion: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.09 on $1.15 million in revenues for the coming quarter and -$0.30 on $12.45 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Original Equipment is currently in the bottom 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Workhorse Group (WKHS), has yet to report results for the quarter ended March 2025. The results are expected to be released on May 15. This truck and drone manufacturer is expected to post quarterly loss of $4 per share in its upcoming report, which represents a year-over-year change of +84%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Workhorse Group's revenues are expected to be $2 million, up 49.3% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hyliion Holdings Corp. (HYLN) : Free Stock Analysis Report Workhorse Group, Inc. (WKHS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Business Wire
12-05-2025
- Business
- Business Wire
Hyliion Signs Letter of Intent with Mesa Natural Gas Solutions to Deploy 200 KW KARNO Power Module
AUSTIN, Texas--(BUSINESS WIRE)-- Hyliion Holdings Corp. (NYSE American: HYLN) ('Hyliion'), a developer of sustainable electricity-producing technology, today announced it has signed a non-binding Letter of Intent (LOI) for collaboration with Mesa Natural Gas Solutions ('Mesa'), a leading manufacturer and provider of natural gas generators and microgrids. The LOI outlines a phased demonstration plan for the KARNO™ Power Module across oil and gas and industrial applications. The LOI includes the purchase of one 200 kW KARNO Power Module and an option to acquire additional Power Modules in 200 kW and 2 MW configurations totaling 2.4 MW in capacity upon completion of successful performance validation. The demonstration will begin with a 200 kW Power Module deployed at a commercial site for stationary power generation using natural gas, followed by deployment at an oil and gas site using wellhead or flare gas. 'This collaboration with Mesa is a meaningful opportunity to showcase the KARNO Power Module's real-world performance in a demanding application,' said Thomas Healy, Founder and CEO of Hyliion. 'We're excited to demonstrate how the Power Module's efficiency, fuel flexibility, and scalability can support Mesa's efforts to deliver reliable and lower-emission power solutions to their customers.' Mesa sees the KARNO Power Modules as a strategic advancement of its power solutions portfolio. 'We are always looking for new technologies that help our customers reduce emissions and increase operational efficiency,' said Scott Gromer, CEO of Mesa. 'Hyliion's KARNO system aligns with our vision of delivering dependable, clean, on-site power and we look forward to evaluating its potential across our energy applications.' 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 modular power plant technology 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 KARNO Power Module 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 About Mesa Solutions: Mesa Solutions is a provider of cutting-edge power solutions, dedicated to delivering innovative and reliable energy solutions tailored to diverse client needs. With a commitment to excellence, Mesa offers a wide range of power generation solutions for commercial and mission-critical applications. Mesa's team of experts is driven by a passion for quality and customer satisfaction, ensuring that Mesa exceeds expectations in every project undertaken. For more information, please visit 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, our status as an early stage Company with a history of losses; our expectation of incurring significant expenses and continuing losses for the foreseeable future; our ability to develop key commercial relationships with suppliers and customers; our ability to retain the services of Thomas Healy, our Chief Executive Officer; the expected performance of the KARNO generator and system; the execution of the strategic shift from our powertrain business to our KARNO business, and the other risks and uncertainties described under the heading 'Risk Factors' in our SEC filings including in our Annual Report (See item 1A. Risk Factors) on Form 10-K filed with the Securities and Exchange Commission (the 'SEC') on February 25, 2025 for the year ended December 31, 2024. 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 and readers are urged to carefully review and consider the various disclosures made in such filings.
