Workhorse Group Inc. Media Coverage Highlights Company Developments Including Key Industry Relationship
Upgraded Hybrid-Electric Trucks with Two-Cylinder 650cc Engines and Updated E-GEN Chassis Showcased at ACT Expo
CINCINNATI, May 11, 2016 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ:WKHS), a last-mile delivery technology company that is an original equipment manufacturer of medium-duty, battery-electric trucks and fully integrated unmanned aerial delivery drones, was spotlighted in the media regarding recent company developments including a key industry relationship announced at the 2016 Advanced Clean Transportation (ACT) Expo in Long Beach, CA on May 3.
The articles describe the current status of Workhorse’s testing of its drone delivery technology as well as its customer’s upgrade to 125 hybrid-electric delivery trucks with two-cylinder 650cc engines and updated E-GEN™ chassis, to extend the driving range of the trucks on behalf of a key customer, as announced at the ACT Expo.
The complete articles can be read at the links below:
Cincinnati Business Courier: “A Cincinnati CEO is preparing for wide use of delivery drones; here’s when he thinks it will happen”
http://www.bizjournals.com/cincinnati/news/2016/05/09/this-cincinnati-ceo-is-preparing-for-wide-use-of.html
The Courier-Journal: “UPS upgrading hybrid fleet of vehicles”
http://www.courier-journal.com/story/money/companies/2016/05/03/ups-upgrading-hybrid-fleet-vehicles/83868154/
Heavy Duty Trucking/Truckinginfo.com: “UPS Adds 2-Cylinder Engine to Hybrids to Boost Range”
http://www.truckinginfo.com/news/story/2016/05/ups-updates-hybrid-ev-trucks.aspx
Trucks.com: “UPS Looks to Extend Range, Efficiency with Large Workhorse Hybrid Delivery Truck Order”
https://www.trucks.com/2016/05/03/ups-places-large-workhorse-hybrid-delivery-truck-order/
Trucks.com: “Workhorse CEO Burns Explains How Drones Will Change Delivery Trucks”
https://www.trucks.com/2016/05/05/workhorse-ceo-explains-drones-will-change-delivery-trucks/
Fleet Owner: “UPS unveils updated hybrid electric fleet”
http://fleetowner.com/running-green/ups-unveils-updated-hybrid-electric-fleet
DC VELOCITY: “UPS to take delivery of 125 hybrid cars with two-cylinder engines”
http://www.dcvelocity.com/articles/20160503-ups-to-take-delivery-of-125-hybrid-cars-with-two-cylinder-engines/
Behind the Wheel: “UPS expands hybrid-electric truck fleet”
http://www.automotive-fleet.com/news/story/2016/05/ups-updates-hybrid-ev-trucks.aspx
Automotive Fleet: “UPS Adds 2-Cylinder Engine to Hybrids to Boost Range”
http://www.automotive-fleet.com/news/story/2016/05/ups-updates-hybrid-ev-trucks.aspx
Transport Topics: “UPS Updates 125 Hybrid Electric Trucks to Extend Range”
http://www.ttnews.com/articles/basetemplate.aspx?storyid=41851
The articles at the links above are provided for informational purposes only. Workhorse Group Inc. is not responsible for the content of the linked articles.
About Workhorse Group Inc.
Workhorse Group Inc. is a U.S.-based original equipment manufacturer of medium-duty, EPA-approved battery-electric delivery vehicles and fully integrated truck-launched, FAA Section 333-exempt unmanned aerial systems (UAS) delivery drones. The company is also a developer of a cloud-based, real-time telematics performance monitoring system that tracks and displays the performance analytics and location of each Workhorse vehicle. For additional information visit www.workhorse.com.
Forward-Looking Statements
This press release includes forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "believes," "expects," "anticipates," "estimates," "projects," "intends," "should," "seeks," "future," "continue," or the negative of such terms, or other comparable terminology. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein. Factors that could cause actual results to differ materially include, but are not limited to: our limited operations and need to expand in the near future to fulfill product orders; risks associated with obtaining orders and executing upon such orders; the ability to protect our intellectual property; the potential lack of market acceptance of our products; potential competition; our inability to retain key members of our management team; our inability to raise additional capital to fund our operations and business plan; our inability to maintain our listing of our securities on the Nasdaq Capital Market; our ability to continue as a going concern; our liquidity and other risks and uncertainties and other factors discussed from time to time in our filings with the Securities and Exchange Commission ("SEC"), including our annual report on Form 10-K filed with the SEC. Workhorse expressly disclaims any obligation to publicly update any forward-looking statements contained herein, whether as a result of new information, future events or otherwise, except as required by law.
Contact: Daniel Zito Executive Vice President Workhorse Group Inc. 513-300-5910 Media: Laura Radocaj Dian Griesel Int'l. [email protected] 212-825-3210
Released May 11, 2016