Hyliion’s Hypertruck ERX™ Showcased During U.S. Secretary of Energy’s Michigan Manufacturing Facilities Tour | Business

AUSTIN, Texas – (BUSINESS WIRE) – Nov. August 2021–

Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leading provider of electrified propulsion solutions for Class 8 tractor units, recently met with US Secretary of Energy Jennifer Granholm and US Representative Haley Stevens to introduce the Hypertruck ERX ™ to employees FEV North America in Auburn Hills, Michigan. The visit was part of a tour to promote the Biden government’s $ 1 trillion bipartisan infrastructure proposal.

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US Secretary of Energy Jennifer Granholm and US Representative Haley Stevens take a tour of the FEV North American Technical Center in Auburn Hills, MI for an in-depth look at the Hyliion Hypertruck ERX ™. (Photo: Business Wire)

Secretary Granholm and Representative Stevens were given a detailed look at the innovative, US-made technology that powers the Hypertruck ERX ™, and also took a ride in a proof-of-concept unit to see the quiet power of an electrified class first Hand experience 8 trucks.

“We were delighted to present Hypertruck ERX ™ Minister Granholm, whose commitment to helping America achieve its goal of net zero carbon emissions through innovative clean energy technology aligns with our vision of an electrified trucking industry,” said Bobby Cherian, senior vice president of sales and supply chain.

“Hyliion’s powertrain technology offers fleets a next generation solution that enables them to efficiently meet sustainability goals by reducing their carbon footprint while increasing performance,” added Cherian.

The Hypertruck ERX ™ is an electric powertrain that is charged by an on-board natural gas generator for Class 8 commercial vehicles, providing lower operating costs, emissions reductions and superior performance for fleets across the country. Utilizing more than 700 natural gas commercial vehicle service stations across North America, it enables long range and quick refueling, and when fueled with renewable natural gas, it can deliver net negative carbon emissions to commercial fleets.

In April, Hyliion announced a first of its kind Hypertruck Innovation Council with leading fleet and technology companies to test and provide feedback on the Hypertruck ERX ™. Just last week, the company announced that one of its current customers, Detmar Logistics LLC, had signed a reservation agreement for 300 Hypertruck ERX ™, with Hyliion presenting demonstration units to the Detmar team in late 2021 and trial runs in 2022.

About Hyliion

Hyliion’s mission is to reduce CO2 intensity and greenhouse gas (GHG) emissions from Class 8 commercial vehicles by being a leading provider of electrified powertrain solutions. Using advanced software algorithms and data analysis capabilities, Hyliion offers fleets a simple, efficient system to reduce fuel and operating costs while seamlessly integrating into their existing fleet operations. Headquartered in Austin, Texas, Hyliion designs, develops and markets electrified powertrain solutions designed to fit into most large Class 8 commercial vehicles with the goal of transforming the environmental impact of the commercial transportation industry on a large scale. More information is available at 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 about current or historical facts, contained in this press release regarding Hyliion and its future financial and operational performance, strategy, future operations, estimated financial condition, estimated revenues and losses, projected costs, prospects, plans and management objectives are forward-looking statements. When used in this press release, including any oral statements made in connection therewith, the words “may”, “should”, “will”, “may”, “believe”, “foresee”, “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 about the results and timing of future events. Unless otherwise required by applicable law, Hyliion expressly disclaims any obligation to update any forward-looking statements, all of which are expressly qualified by the statements contained herein, to reflect events or circumstances after the date of this press release. Hyliion advises you that these forward-looking statements involve numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond Hyliion’s control. These risks include, but are not limited to, Hyliion’s ability to revolutionize the powertrain market, Hyliion’s focus in 2021 and beyond, the impact of Hyliion’s dynamic and proprietary solutions on its commercial truck customers, the accelerated commercialization of the Hypertruck ERX ™, the Ability to achieve 2021 and future product milestones, the impact of COVID-19 on long-term goals, the ability to reduce carbon intensity and greenhouse gas emissions, and the other risks and uncertainties detailed in the Risk Factors section of the Hyliions Annual Report on Form 10 are -K / A filed with the Securities and Exchange Commission (the “SEC”) on May 17, 2021 for the year ended December 31, 2020. 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 materialize, or should any underlying assumptions prove incorrect, actual results and plans could differ materially from the statements made in the forward-looking statements. For more information on these and other factors that may affect Hyliion’s business and forecast, please refer to its filings with the SEC. Hyliion’s SEC filings are publicly available on the SEC website at www.sec.gov and readers are encouraged to carefully review and consider the various disclosures in these filings.

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CONTACT: Press contact

Ryann Malone

press@hyliion.com

(833) 495-4466

Investor contact

Louis Baltimore

ir@hyliion.com

(833) 495-4466

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: ALTERNATIVE ENERGY ENERGY AUTOMOTIVE TRUCKING AUTOMOTIVE MANUFACTURING GENERAL AUTOMOTIVE TRANSPORT MANUFACTURING

SOURCE: Hyliion Holdings Corp.

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PUB: 08.09.2021 17:33 / DISC: 08.09.2021 17:33

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