United States Postal Service Awards NGDV Prototype Contract to VT Hackney - Workhorse Group Team
September 22 2016 - 8:00AM
VT Hackney and Workhorse Group Team Enter
Prototype and Testing Phase of USPS Next Generation Delivery
Vehicle (NGDV) Program
An exclusive partnership of Workhorse Group Inc. (NASDAQ:WKHS) and
VT Hackney has been selected as one of six manufacturers awarded a
prototype contract by the United States Postal Service (USPS) to
build and deliver prototype vehicles for the Next Generation
Delivery Vehicle (NGDV) Program.
VT Hackney will build the body of the prototype vehicles while
Workhorse Group will provide the chassis and powertrain. The VT
Hackney/Workhorse prototypes will be delivered as both two-wheel
drive and four-wheel drive vehicles.
The postal service operates a fleet of over 200,000 vehicles in
all areas of the United States and its territories. Approximately
160,000 of these vehicles are right hand drive, light-duty carrier
route vehicles purchased between 1987 and 2001. The Postal Service
intends to replace its right hand drive vehicle fleet in the coming
years.
VT Hackney has been in the vocational body business since 1946
with the Hackney and Kidron brands. The company has built a
solid reputation on high quality products designed to increase
efficiency by improving body design. Workhorse Group is a last-mile
delivery technology company with experience in designing and
building vehicles with advanced telematics systems.
“The USPS wants a vehicle to operate efficiently and
economically for 20 years,” said Steve Burns, Workhorse Group CEO.
“The Hackney/Workhorse team has designed a safe and ergonomic
vehicle with a drivetrain that is built to last and will deliver
efficiencies of operation.”
“We believe the prototype vehicles we are building are truly
representative of the next generation of delivery vehicles,”
continued Burns. “We salute the USPS for its drive to capture
innovation and leading technologies in its vehicle testing process.
These types of vehicles definitely move things into the
future.”
About Workhorse Group Inc.
Workhorse Group, Inc. is a U.S.-based original equipment
manufacturer of medium-duty vehicles. The company is also a
developer of a cloud-based, real-time telematics performance
monitoring system that provides fleet operators energy and route
efficiency. For additional information visit www.workhorse.com
About VT Hackney
VT Hackney, a company of VT Systems, is the
leading manufacturer in North America for specialized truck bodies
and trailers that services multi-stop food and beverage service
distributors and municipal emergency rescue departments. With its
two leading brands, Hackney and Kidron, VT Hackney specializes in
beverage truck bodies and trailers, emergency rescue bodies and
trailers, contractor services truck bodies and multi-temperature
refrigerated truck bodies and trailers. Please
visit www.vthackney.com.
Forward Looking Statement
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 “feel,” “believes,” expects,”
“estimates,” “projects,” “intends,” “should,” “is to be,” 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:
Mike Dektas
Workhorse Group Inc.
513-266-3590
Mike.Dektas@workhorse.com
Media:
Laura Radocaj
Dian Griesel Int’l.
lradocaj@dgicomm.com
212-825-3210
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