Hyliion Holdings Corp. (NYSE:
HYLN) (“Hyliion”), a developer of sustainable
electricity-producing technology, today announced the signing of a
non-binding Letter of Intent (LOI) with FlexnodeTM,
an innovative digital infrastructure company. Under the terms of
the LOI, Hyliion will supply up to 10 KARNOTM generators (2MW total
capacity) to Flexnode, with the initial deliveries anticipated to
commence in 2025. This collaboration aims to support Flexnode's
mission of elevating the standard for high-density digital
infrastructure that truly unlocks the potential of artificial
intelligence and machine learning for years to come. By integrating
highly efficient, fuel-agnostic KARNO generators, Flexnode expects
to easily deploy digital infrastructure with reliable and clean
on-site power generation.
Flexnode offers a cutting-edge universal building platform that
seamlessly integrates liquid-cooled data center infrastructure for
bespoke computing, storage, and networking solutions. Flexnode's
innovative, adaptable design empowers businesses to deploy data
center capacity incrementally, aligning infrastructure growth with
demand. Flexnode’s solutions deliver rapid scalability, optimize
edge performance for latency-sensitive workloads, and enhance
efficiency through advanced cooling technologies, significantly
reducing operational costs and environmental impact. This
digital-first approach ensures unparalleled flexibility and
resilience, meeting the needs of today’s most demanding IT
environments.
"Availability, carbon intensity, and energy costs are critical
factors currently limiting the growth and deployment of data
centers. Integrating Hyliion KARNO generators into our Flexnodes
for on-site clean energy production allows our customers to
accelerate their plans and deploy data centers on demand without
compromises," said Flexnode co-founder and CEO, Andrew Lindsey.
"Hyliion’s sustainable power generation technology perfectly aligns
with our vision of creating high-performance, efficient data
centers that push the boundaries of traditional
infrastructure."
The KARNO generator is a groundbreaking fuel-agnostic solution
that utilizes a linear generator architecture to produce
electricity both economically and efficiently. Capable of operating
on various fuels including hydrogen, natural gas, biogas, and
propane, the generator is expected to offer lower maintenance costs
and a significantly reduced emissions profile compared to
conventional technologies.
“Our KARNO generator technology is ideally suited to meet the
increasing power and energy demands of data centers,” said Thomas
Healy, Founder and CEO of Hyliion. “By combining KARNO generators
with Flexnode’s cutting-edge digital infrastructure solutions, we
are pioneering a new approach to deploying modular, highly
efficient data centers in the industry.”
The LOI between Hyliion and Flexnode is subject to the execution
of a binding purchase agreement. For more information about Hyliion
and its innovative electrification solutions, please visit
www.hyliion.com. For more information about Flexnode, please visit
www.flexnode.io.
About Flexnode
Flexnode™ is at the forefront of reimagining digital
infrastructure innovation, offering a revolutionary platform that
simplifies the configuration, deployment, and operation of
high-density data centers worldwide. By leveraging advanced
methodologies, Flexnode delivers purpose-built,
liquid-cooling-enabled data centers that excel in speed,
scalability, and adaptability. Founded in 2019 and based in
Bethesda, Maryland, Flexnode is driven by a team of industry
experts dedicated to transforming the future of data centers.
Flexnode - Built for you, built for anywhere. For more information,
visit www.flexnode.io.
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, Ohio, Hyliion is
initially targeting the commercial and waste management industries
with a locally deployable generator 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
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
of the 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
13, 2024 for the year ended December 31, 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 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 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
Investor Relations ir@hyliion.com
Grafico Azioni Hyliion (NYSE:HYLN)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Hyliion (NYSE:HYLN)
Storico
Da Gen 2024 a Gen 2025
