Hyliion announces Andy Card to the Board of combined entity issued from merge with Tortoise Acquisition

– USA, TX –  Hyliion Inc. a leader in electrified powertrain solutions for Class 8 commercial vehicles, today announced that Andy Card will join the board of directors of the combined entity issued from the expecting merge with Tortoise Acquisition Corp. (NYSE: SHLL) and subject to the approval of the shareholders of TortoiseCorp.

“Andy is an esteemed, seasoned executive hailing from some of the country’s most demanding and integral leadership roles,” said Thomas Healy, CEO and founder of Hyliion. “His diverse professional career, combined with his passion for driving innovative change in global logistics, make him an ideal fit for our growing leadership team. Fleets, brands and drivers need proven solutions now, and with Andy’s—as well as our extended board’s—dynamic knowledge base, I’m confident our team will continue to build the world’s leading electrified trucking technology.”

Upon the closing of Hyliion’s business combination with TortoiseCorp and subject to shareholder approval, Card will join the other members of the combined entity’s board:

  • Thomas Healy, CEO of Hyliion;
  • Vince Cubbage, managing director at Tortoise Capital Advisors and CEO and chairman of TortoiseCorp;
  • Stephen Pang, managing director and portfolio manager at Tortoise Capital Advisors and director of TortoiseCorp;
  • Ed Olkkola, managing director at Teakwood Capital;
  • Howard Jenkins, former chairman and CEO of Publix Super Markets.

About Andy Card

Card is the former president and CEO of the American Automobile Manufacturers Association, a trade association for U.S.-based automobile manufacturers, and previously served as the vice president of government relations for General Motors. He is currently on the boards of directors for Union Pacific Railroad, a position he has held since 2006, and Draganfly, an industry-leading manufacturer in the commercial drone industry.

As an independent board member, Card will leverage his expertise in logistics, governmental affairs, compliance and operations to guide and inform Hyliion’s long-term objectives to deliver the industry’s lowest total cost of ownership and emissions performance for fleets. Card’s nomination to the combined entity’s board follows a respected career in public service as the former U.S. Secretary of Transportation under President George H. W. Bush as well as the White House Chief of Staff under President George W. Bush.

“Every successful company starts with a successful leader, and Hyliion has that in Thomas Healy,” Card said. “I have been continually impressed with his strategic vision and character as well as his intentional approach to electrifying commercial trucking. I look forward to working with Thomas and the Hyliion team to realize the company’s vision to spur meaningful and sustainable change in the global trucking and logistics industry.”

About Hyliion

Headquartered in Austin, Texas, Hyliion’s mission is to reduce the carbon intensity and greenhouse gas emissions of commercial transportation Class 8 vehicles by being the 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. It designs, develops and sells electrified powertrain solutions for Heavy Duty Class 8 trucks from any of the leading commercial vehicle manufacturers, transforming the transportation industry’s environmental impact at scale.

For more information: https://www.hyliion.com

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