Hyliion Signs Letter of Intent with ANA to Deploy KARNO Generators in the Mobile Power Generation Market
Hyliion Holdings Corp. Class A (HYLN)
Company Research
Source: Business Wire
AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in sustainable electricity-producing technology, today announced the signing of a non-binding Letter of Intent (LOI) with ANA Inc., a leading provider of innovative and reliable solutions in the mobile industrial equipment industry. ANA plans to procure up to six KARNO™ generators and launch a pilot trial with their customers in the mobile power generation application. The initial deployment will feature one 200kW unit in 2025, with plans to expand to five additional 200kW units across multiple sites following successful validation.ANA Inc. is one of the top providers of rental equipment with a focus on high-performance generators, compressors, and energy solutions. Recognized as one of the 5000 fastest-growing private companies in the United States, ANA is known for its commitment to innovation and excellence. Mike Niemela, CEO of ANA, stated, "We are excited to pilot Hyliion’s innovative KA
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HYLN
Earnings
- 11/14/24 - Beat
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Sec Filings
- 12/19/24 - Form 4
- 12/12/24 - Form 4
- 12/12/24 - Form 4
- HYLN's page on the SEC website