Hyliion Inc. and Tortoise Acquisition Corp. Announce Closing of Business Combination, Hyliion to Trade on the NYSE under “HYLN” - Seite 2

About Tortoise Acquisition Corp.

Tortoise Acquisition Corp. was formed for the purpose of effecting a merger, stock exchange, acquisition, reorganization or similar business combination with one or more businesses. For more information, please visit www.tortoisespac.com.

Forward-Looking Statements

Certain statements in this press release may constitute "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the company’s expected uses of proceeds from the business combination; potential future revenue; the company’s expectations for its products; market acceptance of alternative fuel solutions; and market opportunity. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; the potential effects of COVID-19; failure to realize the anticipated benefits of the business combination; the conversion of pre-orders into binding orders; risks related to the rollout of the company’s business and the timing of expected business milestones; the effects of competition on the company’s future business; the availability of capital; and the other risks discussed under the heading "Risk Factors" in the definitive proxy statement filed by Tortoise Acquisition Corp. on September 8, 2020 and other documents that the company files with the SEC in the future. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and the company specifically disclaims any obligation to update these forward-looking statements.