CINCINNATI, May 18, 2017 /PRNewswire/ -- Workhorse Group Inc.
(NASDAQ: WKHS), an American technology company focused on providing
sustainable and cost-effective solutions to the commercial
transportation sector, will be exhibiting the first electric pickup
truck designed for the fleet market at the Green Drive$ Conference
and Expo in Naperville, Illinois,
May 18, 2017.
The Workhorse W-15 pickup truck is the first plug-in,
battery-electric vehicle of its kind and, with an 80 mile
all-electric range, is destined to provide clean, economical and
powerful performance to fleets nationwide. Workhorse has
secured 5,050 vehicles under letter of intent for pre-orders
of the W-15 from nearly 20 commercial fleet managers including
Ryder and Duke Energy.
The performance specifications of the Workhorse W-15 pickup are
designed to include direct all-wheel drive and two electric
traction motors that generate 460 horsepower, with acceleration
from 0 to 60 MPH in 5.5 seconds. The W-15 also has a fuel-economy
rating of 75 miles per gallon equivalent (MPGe) in all-electric
mode, with a range of 80 miles all-electric and 310 miles when
using the on-board gasoline range extender.
"We set out to build the safest, greenest and most cost
effective pickup truck on the road, and it just happens to be
electric," said Steve Burns,
Workhorse CEO. "We formed the W-15 fleet Leadership Council and
have listened to fleet engineers, managers and drivers in order to
deliver the best pickup truck for commercial use, from cost of
ownership and functionality to performance and, above all else,
safety and dependability for the driver."
Notable standard features on the W-15 include a 7.2 kW power
export to plug in and operate power tools without running the
vehicle and advanced safety features such as dual airbags,
collision avoidance/automatic braking and lane-departure
warning.
The W-15 composite body design has aerodynamic body lines and a
strong side profile, and provides added strength and safety with
less overall mass. The W-15 crew cab includes seating for five
passengers, with two front bucket seats and a rear bench. Driver
digital touchscreen controls include the integrated Workhorse
Metron telematics system to maximize operator efficiency.
About Workhorse Group Inc.
Workhorse Group Inc. is a technology company focused on
providing sustainable and cost-effective solutions to the
commercial transportation sector. As an American manufacturer, we
design and build high performance battery-electric electric
vehicles and aircraft that make movement of people and goods more
efficient and less harmful to the environment. As part of our
solution, we also develop cloud-based, real-time telematics
performance monitoring systems that enable fleet operators to
optimize energy and route efficiency. 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.
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SOURCE Workhorse Group Inc.