Hyliion starts first production Hypertruck ERX install, unveils KARNO 200kW model, reaffirms 2023 revenue ~$10M

Hyliion Holdings Corp.

Begins installation of first production Hypertruck ERX powertrain; on track for customer deliveries later in 2023.
Unveils full-scale 200 kW KARNO stationary generator model; expects initial revenue from KARNO in 2024.
Announces day cab version of Hypertruck ERX platform, expected ready in 2025; cites customer demand and CARB regulation.
Reiterates 2023 guidance: revenue ~$10M, operating expenses ~$130M, total cash spending <$150M, no capital raise planned.
Updates on Hyzon fuel cell collaboration; development truck with Hyzon 200 kW fuel cell stack.

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