Hyliion Awarded $15M+ Contract By U.S. Office Of Naval Research To Develop KARNO Generator For Navy Ships And Power Applications, Aiming To Reduce Emissions And Fuel Consumption
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Hyliion has been awarded a contract exceeding $15 million by the U.S. Office of Naval Research to develop the KARNO generator. This project aims to reduce emissions and fuel consumption for Navy ships and other power applications.
September 09, 2024 | 12:31 pm
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Hyliion has been awarded a significant contract by the U.S. Office of Naval Research to develop the KARNO generator, which could enhance its reputation and financial standing.
The contract with the U.S. Navy is a substantial financial and reputational boost for Hyliion, likely to positively impact its stock price in the short term. The focus on reducing emissions aligns with current environmental trends, potentially attracting more investors.
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