Hyliion Holdings Corp (HYLN)

[fung_derf]

I've got to say. Rarely have I seen a CEO recognize their mistake and correct so quickly. Maybe I was right about Thomas afterall. It's pretty rare for my spidey senses to mislead me.

Executive Commentary

“I’m pleased to report that the company’s strategic shift to wind down powertrain operations and focus on our KARNO generator is on track, with significant achievements made in advancing our generator technology and engaging prospective customers during the quarter,” said Hyliion’s Founder and CEO, Thomas Healy. “We expect to deliver the initial KARNO generator deployment units with customers late in 2024 followed by a ramp-up in production and additional deliveries in 2025.”