Hyliion Begins Printing Production-Intent Design Components of the KARNO™ Generator -January 24, 2024 at 08:34 am EST
Hyliion Holdings Corp. (NYSE: HYLN), a developer of sustainable electricity-producing expertise, at present introduced that it has begun printing elements for its production-intent design of the KARNO generator (BETA).
This press launch options multimedia. View the total launch right here: https://www.businesswire.com/information/dwelling/20240124934250/en/
(Picture: Enterprise Wire)
The KARNO generator leverages additive manufacturing for manufacturing of a lot of its parts together with all essential warmth exchangers and thermodynamics programs. This progressive manufacturing course of not solely enhances the precision and high quality of those parts but in addition contributes to the general improved effectivity of the generator.
“We’re thrilled to start printing the production-intent design of the KARNO generator which showcases one other main step on our path to deploying this expertise with prospects,” mentioned Thomas Healy, Founder and CEO of Hyliion. “The preliminary 200 kW BETA items will function at our Cincinnati, Ohio, growth facility in an effort to verify the superior effectivity ranges, ultra-low emissions, and lengthy runtime between upkeep.”
This vital achievement highlights that Hyliion has accomplished designs of the most important parts of the BETA model of the KARNO generator, and it’s now prepared for last validation. All through 2024, Hyliion can be finishing testing and verification of the BETA generator to organize for preliminary deployments to early adopters of the expertise later this 12 months. Hyliion will proceed to enhance the system design and leverage the versatile capabilities of additive manufacturing. Hyliion is well-positioned to satisfy the milestones beforehand outlined for the completion of BETA growth by the primary half of 2024.
In the present day, Hyliion’s Founder and CEO, Thomas Healy, can be a featured speaker on “Fashionable Electrification Wants and the Rise of Distributed Energy Technology” on the POWERGEN Worldwide Convention in New Orleans, LA.
Watch the livestream of the presentation at 2:00 p.m. CT on Wednesday, January 24th, 2024: bit.ly/3O4ja6A
In regards to the KARNO Generator
The KARNO generator is a fuel-agnostic answer, enabled by additive manufacturing, that leverages a linear warmth generator structure. Modular in design, the generator is predicted to point out as much as 50% gasoline effectivity, require considerably decrease upkeep prices, and have a a lot decrease emissions profile than standard turbines. It is usually able to working on over 20 totally different fuels, together with hydrogen, pure gasoline, propane, ammonia and traditional fuels.
About Hyliion
Hyliion is dedicated to creating progressive options that allow clear, versatile and inexpensive electrical energy manufacturing. The Firm’s major focus is to offer distributed energy turbines that may function on varied gasoline sources to future-proof in opposition to an ever-changing vitality financial system. Headquartered in Austin, Texas, and with analysis and growth in Cincinnati, Ohio, Hyliion is addressing the industrial house first with a regionally deployable generator that may supply prime energy, peak shaving, and renewables matching. Past stationary energy, Hyliion will deal with cellular functions corresponding to automobiles and marine. The Firm goals to supply progressive, but sensible options that contribute positively to the setting within the vitality financial system. For additional data, please go to www.hyliion.com.
Ahead Wanting Statements
The knowledge on this press launch consists of “forward-looking statements” inside the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, as amended. All statements, apart from statements of current or historic reality included on this press launch, relating to Hyliion and its future monetary and operational efficiency, in addition to its technique, future operations, estimated monetary place, estimated revenues, and losses, projected prices, prospects, plans and targets of administration are ahead trying statements. When used on this press launch, together with any oral statements made in connection therewith, the phrases “may,” “ought to,” “will,” “could,” “consider,” “anticipate,” “intend,” “estimate,” “count on,” “challenge,” the unfavourable of such phrases and different comparable expressions are meant to determine forward-looking statements, though not all forward-looking statements comprise such figuring out phrases. These forward-looking statements are based mostly on administration’s present expectations and assumptions about future occasions and are based mostly on at present obtainable data as to the end result and timing of future occasions. Besides as in any other case required by relevant regulation, Hyliion expressly disclaims any responsibility to replace any forward-looking statements, all of that are expressly certified by the statements herein, to replicate occasions or circumstances after the date of this press launch. Hyliion cautions you that these forward-looking statements are topic to quite a few dangers and uncertainties, most of that are tough to foretell and lots of of that are past the management of Hyliion. These dangers embody, however aren’t restricted to, our standing as an early stage the Firm with a historical past of losses, and our expectation of incurring vital bills and persevering with losses for the foreseeable future; our skill to develop to develop key industrial relationships with suppliers and prospects; our skill to retain the providers of Thomas Healy, our Chief Government Officer; the anticipated efficiency of the KARNO generator and system; the execution of the strategic shift from our powertrain enterprise to our KARNO enterprise, and the opposite dangers and uncertainties described underneath the heading “Danger Elements” in our SEC filings together with in our Annual Report (See merchandise 1A. Danger Elements) on Type 10-Okay filed with the Securities and Change Fee (the “SEC”) on February 28, 2023 for the 12 months ended December 31, 2022 and Type 10-Q filed with the SEC on November 8, 2023 for the quarterly interval ended September 30, 2023. Given these dangers and uncertainties, readers are cautioned to not place undue reliance on such forward-looking statements. Ought to a number of of the dangers or uncertainties described on this press launch happen, or ought to underlying assumptions show incorrect, precise outcomes and plans may totally different materially from these expressed in any forward-looking statements. Further data regarding these and different elements which will influence Hyliion’s operations and projections will be present in its filings with the SEC. Hyliion’s SEC Filings can be found publicly on the SEC’s web site at www.sec.gov, and readers are urged to fastidiously assessment and contemplate the assorted disclosures made in such filings.
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