Hyliion Signs Non-Binding LOI With ANA To Deploy Up To Six KARNO Generators In Mobile Power Generation Market; Initial 200kW Unit To Launch In 2025 With Plans For Five Additional Units Pending Successful Pilot Trial
Portfolio Pulse from Benzinga Newsdesk
Hyliion has signed a non-binding letter of intent with ANA to deploy up to six KARNO generators in the mobile power generation market. The initial 200kW unit is set to launch in 2025, with plans for five additional units pending a successful pilot trial.
October 09, 2024 | 12:31 pm
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Hyliion's partnership with ANA to deploy KARNO generators could expand its presence in the mobile power generation market. The success of the pilot trial will be crucial for future deployments.
The partnership with ANA and the deployment of KARNO generators represent a strategic move for Hyliion to enter the mobile power generation market. The non-binding LOI indicates potential growth, but the success of the pilot trial will be critical for further expansion. This news is likely to positively impact HYLN's stock in the short term as it shows potential for new revenue streams.
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