Hyliion Holdings Receives $41.6994M Office Of Naval Research Contract To Design, Develop, Construct 2-Megawatt, 3-Megawatt KARNO Power Generation Systems

Hyliion Holdings Corp. (NYSE American: HYLN) ("Hyliion"), a developer of modular power plant technology, today announced that it has been awarded a $41,699,946 cost-plus-fixed-fee contract by the Office of Naval Research.

The contract provides for the design, development, construction, testing and delivery of 2-megawatt and 3-megawatt KARNO™ power generation systems at locations identified by the Office of Naval Research.