Colibrium Additive M Line 3D Printer (Photo: Hyliion)
AUSTIN, Texas, January 14, 2025--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE American: HYLN), a developer of sustainable electricity-producing technology, has taken delivery of their first M Line additive manufacturing system from Colibrium Additive, a GE Aerospace company, to support the production of its revolutionary KARNO™ generator technology. The installation marks the first deployment of an M Line system in the United States. Hyliion has placed orders for additional M Line machines, with deliveries scheduled to continue throughout 2025.
Hyliion's adoption of the advanced M Line system represents a significant leap in its production capabilities, enabling the company to manufacture two to four times more parts per machine compared to its current printers. The highly efficient performance of Hyliion’s KARNO linear generator is made possible by the complex geometries of its critical components, achievable only through additive manufacturing.
"We are proud to support Hyliion with our M Line technology," said Chris Schuppe, CTO of Colibrium Additive. "Featuring a modular design that separates Laser Processing and Material Handling systems, these machines aim to streamline operations, reduce production times, and optimize manufacturing processes, making them an optimal choice for producing the KARNO generator’s complex parts in full-scale production."
Hyliion’s KARNO generator is designed to efficiently produce electricity using one of over 20 available fuel sources, leveraging advanced thermal and power systems engineering. The generator is expected to offer on-demand AC or DC power with high efficiency and a cleaner emissions footprint as compared to a conventional genset, representing the future of low-emission energy generation.
"The M Line systems are a pivotal advancement in Hyliion’s journey to scale manufacturing," said Thomas Healy, Founder and CEO of Hyliion. "By incorporating this state-of-the-art technology in our production process, we are significantly enhancing our capacity to meet the growing demand for our KARNO generators in 2025 and beyond."
About Colibrium Additive
Colibrium Additive, a GE Aerospace company, is a trusted leader in providing 3D printers, powders, and services for industrial scale metal additive manufacturing. The company empowers their customers to design and build innovative new products that solve manufacturing challenges and improve business outcomes.
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.
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 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.
