Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 commercial semi-trucks, has announced that Cheri Lantz has joined the company as Chief Strategy Officer.

Lantz brings with her over 20 years of experience developing growth strategies for technology companies and manufacturers in the mobility sector. Lantz will continue to define and drive forward Hyliion’s strategic roadmap as it expands into Fuel Agnostic and Hydrogen Fuel Cell generator technology and advanced software solutions. She will also play a central role in shaping and leading strategic partnerships as the company takes definitive steps in advancing its technology roadmap.

Most recently, Lantz served as Vice President of Strategy for the Transportation Solutions Segment at TE Connectivity, where she was responsible for helping shape a forward-looking strategy within the Automotive, Commercial Vehicle, and Sensors industries. Prior to joining TE Connectivity, Lantz served as the Chief Strategy Officer and executive leader responsible for advanced engineering and global test labs at Meritor, Inc. While in this role, Lantz led the development of corporate strategies, shaped the M&A vision, and helped drive commercialization of the new electric mobility strategy.

Additionally, Lantz spent many years advising Fortune 500 companies on growth and operational excellence while a strategist with Boston Consulting Group and Booz & Company. She holds three degrees from the University of Michigan, including an MBA from the Ross School of Business with a focus on corporate strategy and economics, a master’s degree in Manufacturing Engineering, and a bachelor’s degree in Science in Chemical Engineering.

“Cheri is a recognized industry leader with an impressive breadth of experience in business strategies for commercial vehicle companies," said Thomas Healy, founder and CEO of Hyliion. “With her extensive background in driving new electrification technologies, Cheri’s ability to assess and leverage growth opportunities will undoubtedly benefit Hyliion as we continue to implement our strategic roadmap,” Healy added.

“I am thrilled to join such a talented team and a company whose mission is to electrify commercial trucking in a way that benefits both fleets and the environment,” said Lantz. “I look forward to building upon the actions the Hyliion team has taken already and accelerating the path forward to develop leading-edge technology that can truly transform commercial transport, and in so doing, change the world.”

About Hyliion

Hyliion’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of Class 8 commercial trucks by being a leading provider of electrified powertrain solutions. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. Headquartered in Austin, Texas, Hyliion designs, develops, and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial trucks, with the goal of transforming the commercial transportation industry’s environmental impact at scale. For more information, visit www.hyliion.com.

Forward Looking Statements

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, Hyliion’s ability to disrupt the powertrain market, Hyliion’s focus in 2022 and beyond, the effects of Hyliion’s dynamic and proprietary solutions on its commercial truck customers, accelerated commercialization of the Hypertruck ERX™, the ability to meet 2022 and future product milestones, the impact of COVID-19 on long-term objectives, the ability to reduce carbon intensity and greenhouse gas emissions and the other risks and uncertainties set forth in “Risk Factors” section of Hyliion’s annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 24, 2022 for the year ended December 31, 2021. 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 different 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.