Additionally, we have nearly 2,000 reservations in backlog. “We now have filled our Founders Program and have committed orders for our first 200 production slots. Incentives like this can reduce up-front costs for customers and enable an easier transition to electrification technology.”

“Additionally, trucks with the Hypertruck ERX system are now fully eligible under the Inflation Reduction Act, which became law in August, for a 30% tax credit of up to $40,000. “We reached multiple milestones in the third quarter, including the start of controlled fleet trials for the Hypertruck ERX and our acquisition from GE Additive of the KARNO generator technology, a revolutionary hydrogen and fuel-agnostic generator that will be central to our long-term product roadmap,” said Thomas Healy, Hyliion’s founder and chief executive officer. Updating full-year 2022 guidance to include revenue of approximately $2.0 million and operating expenses of approximately $130 million Generated $0.5 million in revenue from Hybrid and full truck sales with approximately $1.3 million in backlog of Hybrid systemsĪppointed Jon Panzer as Chief Financial OfficerĬlosed quarter with over $455 million of cash and marketable investments, which is sufficient to commercialize the Hypertruck ERX system and fund other development activities

Reached new milestone in Hypertruck ERX development with deployment of test vehicles in controlled fleet trials with GreenPath Logistics, Wegmans and Detmar Logistics to dateĬonfirmed Hypertruck ERX system will qualify for tax credit of 30%, up to $40,000, under new Inflation Reduction Act (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, today reported its third-quarter 2022 financial results.Ĭlosed acquisition of the KARNO™ generator from GE Additive, a revolutionary hydrogen and fuel-agnostic technologyĪnnouncing Founders Program for first 200 Hypertruck ERX TM units and releasing details around Hypertruck ERX go-to-market strategy, launch facility and expected vehicle pricing

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