CINCINNATI, Sept. 21, 2017 /PRNewswire/ -- Workhorse
Group Inc. (NASDAQ: WKHS), an American technology company focused
on providing electric mobility solutions to the transportation
sector, today announced that it will present its new Low Floor
Delivery Platform Chassis at the Post-Expo 2017 at Palexpo in
Geneva, Switzerland, September 26-28, 2017, Hall 4 Booth #9060.
Workhorse is also a finalist for the Post-Expo / Postal Innovation
Platform (PIP) Startup Innovation Award for its HorseFly™ Unmanned
Aerial Delivery System.
The Workhorse Low Floor Delivery Platform Chassis is
non-corrosive, designed for years of long life. The design will be
available in all-electric and range-extended versions. The ultra
low 19" floor design maximizes cargo space, reduces knee injuries,
and provides ease of operation. Standard features include all
wheel drive, automatic braking and best-in-class 26' turning
radius and handling for maximum versatility. A custom body can be
built on the chassis to best suit individual applications.
The Post-Expo / PIP Startup Innovation Award recognizes
"innovative products or solutions with a unique value proposition
that may have the potential to change the postal and logistics
market or even create a new market." Workhorse is one of 12
finalists, and one of only two finalists from the United States in the international
competition.
The HorseFly™ is a carbon fiber, high-efficiency octocopter
delivery drone that is fully integrated with Workhorse's line of
electric/hybrid delivery trucks. The HorseFly launches from the
roof of a delivery truck and delivers a package to its destination
within the driver's line of sight. The HorseFly system is compliant
with all current FAA regulations. It can carry a package weighing
up to 10 pounds, with an energy cost of approximately $.03 per mile for electricity.
Earlier this year, UPS and Workhorse successfully tested
residential package delivery by autonomous drone from atop an
electric UPS step van also built by Workhorse. The delivery
demonstrates the improved efficiencies drones can provide on rural
delivery routes, while reducing vehicle emissions. This technology
could save time and reduce costly driver miles.
About Workhorse Group Inc.
Workhorse is a technology company focused on providing electric
mobility solutions to the transportation sector. As an American
original equipment manufacturer, we design and build high
performance battery-electric vehicles including trucks and
aircraft. We also develop cloud-based, real-time telematics
performance monitoring systems that are fully integrated with our
vehicles and enable fleet operators to optimize energy and route
efficiency. All Workhorse vehicles are designed to make the
movement of people and goods more efficient and less harmful to the
environment. 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.
View original
content:http://www.prnewswire.com/news-releases/workhorse-group-inc-presents-new-low-floor-delivery-platform-chassis-at-post-expo-2017-300523282.html
SOURCE Workhorse Group Inc.