Workhorse Group Inc. Integrates the BMW i3 Range-Extender
CINCINNATI, June 21, 2016 (GLOBE NEWSWIRE) -- Workhorse Group (NASDAQ:WKHS) has integrated the BMW i3 range-extender (REx) solution into its fleet of Workhorse E-GEN range-extended delivery vehicles. The Workhorse E-GEN delivery vehicles are used by last mile delivery companies to fulfill their customers’ delivery needs.
BMW’s REx is powered by a 647 cc two-cylinder gasoline engine that engages when the battery level drops to a pre-determined state-of-charge, acting purely as a generator to produce electricity to extend the range of the Workhorse E-GEN vehicle.
“The BMW i3 REx solution will add tremendous benefits to both our E-GEN vehicle and to our customers. The use of the BMW REx will further strengthen our customers’ fuel efficiencies and maintenance savings while continuing to eliminate range anxiety often found with battery-electric vehicles,” commented Steve Burns, Founder and CEO of Workhorse Group Inc. “We are excited and very proud to be integrating the integrity, character and proven performance of the BMW REx powertrain into our Workhorse E-GEN vehicles.”
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 provides fleet operators ultimate energy and route efficiency. For additional information visit www.workhorse.com or follow us on Facebook (facebook.com/Workhorsegroup) Twitter (@Workhorse_group) and Instagram (@workhorse_group).
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.
Daniel Zito Executive Vice President Workhorse Group Inc. 513-300-5910 Media: Laura Radocaj Dian Griesel Int'l. [email protected] 212-825-3210
Released June 21, 2016