Hyliion Holdings Corp. has shared its financial results for the first quarter of 2025 and provided updates on the development and commercialization of the KARNO™ generator platform. The company introduced the KARNO Power Module at the Advanced Clean Transportation (ACT) Expo, where it garnered significant interest from stakeholders in various sectors, including EV charging and hydrogen production. Hyliion also signed a Letter of Intent with MESA Natural Gas Solutions for a potential purchase of up to 12 KARNO units. With prospective commitments for over 100 Power Modules, Hyliion is experiencing strong customer traction across sectors like data centers, military programs, and industrial applications. The company aims to achieve a revenue of $10 to $15 million by the end of 2025 and plans to commercialize the KARNO Power Module within the same timeframe. They have been focusing on addressing engineering challenges, particularly in-house production of linear electric motors and improving complex printed parts to enhance system efficiency. Hyliion's cash balance stood at $199 million, and they anticipate adjusting their cash spending forecast due to factors like tariff impacts and increased R&D activity.