Hyliion Names Dennis M. Gallagher as Chief Operating Officer
August 16 2021 - 8:30AM
Business Wire
- Gallagher will lead efforts focused on commercialization and
delivery of Hyliion’s products to the market
- Global industry veteran brings decades of experience overseeing
businesses in manufacturing and heavy-duty trucking industries
Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in
electrified powertrain solutions for Class 8 commercial
semi-trucks, has announced that Dennis M. Gallagher has joined the
company as Chief Operating Officer. Gallagher brings over 20 years
of experience leading high-performing business units with a focus
on global manufacturing and commercial vehicles. He will oversee
aspects of Hyliion’s commercialization process.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210816005220/en/
Dennis M. Gallagher (Photo: Business
Wire)
“Dennis’ experience in the heavy-duty commercial vehicle
space will be invaluable as we continue to expand and achieve
important milestones in our commercialization efforts, and we are
pleased to bring an executive of his caliber on board,” said
Hyliion CEO Thomas Healy. “He is a seasoned and trusted leader with
a laser focus on operational excellence. As COO, he will work
closely with me and the rest of our leadership team and will be
responsible for implementing industry-leading operational practices
to optimize our robust Hypertruck ERX commercialization
process.”
Gallagher has extensive background in strategic planning, growth
initiatives, and process implementation in the commercial vehicle
and automation industries. He joins Hyliion from Jacobs Vehicle
Systems, where he served as President of the industry-leading
supplier to the heavy-duty commercial truck market. Previously in
his career, he has held executive roles within Danaher and Fortive
where he successfully led a number of global business units.
Gallagher graduated from the University of Lowell with a B.S. in
Electrical Engineering.
Gallagher also brings a deep network of relationships with
market leading commercial OEMs. He knows industry leaders well and
these relationships will be valuable for Hyliion to leverage as it
continues upon its path to commercialization.
Gallagher said, “I am excited to join the Hyliion team at this
important point in the company’s evolution and to help capitalize
on the enormous potential of our proprietary technology. I am
energized by the company’s mission and grateful for the opportunity
to drive our vision forward by bringing Hyliion products from
manufacturers to commercial fleets.”
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 2021 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 2021 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/A filed with the
Securities and Exchange Commission (the “SEC”) on May 17, 2021 for
the year ended December 31, 2020. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210816005220/en/
Hyliion Holdings Corp. Press Ryann Malone
press@hyliion.com (833) 495-4466
Investors Louis Baltimore ir@hyliion.com (833)
495-4466
Hyliion (NYSE:HYLN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Hyliion (NYSE:HYLN)
Historical Stock Chart
From Apr 2023 to Apr 2024