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Agreement focuses on validating and scaling Karno Power Modules.
Hyliion Holdings Corp. (HYLN) and Alkhorayef have signed a Memorandum of Understanding (MOU) to validate, adapt, scale, and assemble Karno Power Modules for the Saudi Arabian market.
The MOU outlines the collaboration between the two companies to bring Hyliion's technology to the Saudi market, focusing on the specific needs and regulatory environment of the region.
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