Hyliion Holdings enters MOU with Jardine Engineering Corporation

Hyliion Holdings announced that it has entered into a non-binding memorandum of understanding, or MOU, with Jardine Engineering Corporation, or JEC. The MOU represents the first step toward a commitment from both companies to work together to explore the potential of Hyliion’s advanced Karno technology in power generation projects and to collaborate jointly on select business opportunities in Hong Kong, Macau, and other markets where JEC operates. The Karno generator is a fuel-agnostic solution that utilizes a linear generator architecture to produce electricity both economically and efficiently. The MOU between Hyliion and JEC is subject to the execution of a binding agreement.