Hyliion Names a Power Generation Industry Veteran Govi Ramasamy as Chief Commercial Officer
09 Febbraio 2024 - 2:00PM
Business Wire
Hyliion Holdings Corp. (NYSE: HYLN), a developer of sustainable
electricity-producing technology, has announced that Govindaraj
(Govi) Ramasamy has joined the company as Chief Commercial Officer.
In his role, Ramasamy will lead the commercial growth and
performance for Hyliion, ensuring that the customer needs for 24/7
energy with a low emissions footprint are met globally.
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Govi Ramasamy, Chief Commercial Officer
of Hyliion. (Photo: Business Wire)
With a distinguished career spanning 17 years in the power
generation industry at Cummins, Ramasamy brings a wealth of
expertise to Hyliion. His extensive experience, most recently as
the leader of the Global Data Center Business, includes delivering
strong revenue growth in the datacenter market and building a large
order book for the segment. Ramasamy played a key role in
positioning Cummins as an industry leader in energy transition
through focused customer partnering, prioritizing investments, and
championing next-generation technologies.
"Govi's leadership and proven track record of driving growth and
delivering innovative solutions will be invaluable as we continue
to expand our presence in the power generation market," said Thomas
Healy, Founder and CEO of Hyliion. "His commitment to innovation
and customer satisfaction aligns perfectly with Hyliion's goals,
and we are thrilled to have him onboard."
During his tenure at Cummins, Ramasamy held various leadership
roles across China, the Middle East, and North America, providing
him with a unique global perspective on market needs and
applications. His professional background encompasses sales,
business strategy, product marketing, engineering, project
development, execution, and supply chain management.
"I have always been convinced that technological advancement
holds the answer to the clean energy needs of this world, and with
KARNOTM generators, we are one step closer to delivering that
promise," said Ramasamy. "I am truly excited to join the incredible
team at Hyliion in bringing that promise to reality."
Ramasamy holds Mechanical and Industrial Engineering degrees and
an MBA from Northwestern University, Chicago.
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, OH, Hyliion is
addressing the commercial space first with a locally-deployable
generator that can offer prime power, peak shaving, and renewables
matching. 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.
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
the Company with a history of losses, and our expectation of
incurring significant expenses and continuing losses for the
foreseeable future; our ability to develop 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 28, 2023 for the year ended December 31, 2022
and Form 10-Q filed with the SEC on November 8, 2023 for the
quarterly period ended September 30, 2023. 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 different 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 www.sec.gov, and readers are urged to carefully
review and consider the various disclosures made in such
filings.
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Hyliion Holdings Corp. press@hyliion.com
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