Hypertruck Innovation Council Member Ruan Places Hypertruck ERX™ Order

AUSTIN — Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, today announced that leading transportation management provider Ruan has ordered 10 units backed by deposits to secure Hypertruck ERX™ production slots.

With nearly 4,000 trucks and 300 operating locations nationwide, Ruan is one of the top 10 privately-owned transportation and logistics companies in the country. A proponent of alternative fuels, the Hypertruck Innovation Council member was an early adopter of CNG fueled trucks, logging millions of miles per year on natural gas power and reducing millions of pounds of carbon emissions. The order comes after Ruan’s visit to Hyliion’s headquarters and a successful Hypertruck ERX Ride and Drive experience.

“The Hypertruck ERX’s commercialization path is paved with input from Innovation Council members like Ruan, whose determination to run its fleet more effectively and efficiently through sustainable technologies is key to transforming the transportation industry. I’m pleased that Ruan will be adding Hypertruck ERX units to its fleet as they continue their steadfast commitment to electric and alternative fuel vehicles,” said Thomas Healy, Founder and CEO of Hyliion.

“Driving toward a cleaner future isn’t just an aspirational goal; it’s an integral part of our business and the way we serve our customers and support our communities. We see the potential the Hypertruck ERX has in further facilitating our carbon reduction goals and in supporting our efforts to lead the way as environmental stewards in the commercial trucking industry,” said Brad Gehring, Vice President of Fleet Services for Ruan.