CINCINNATI, Dec. 7, 2017 /PRNewswire/ -- Workhorse Group Inc.
(NASDAQ: WKHS), an American technology company focused on providing
sustainable and cost-effective solutions to the commercial
transportation sector, today announced that Colonial Routes, Inc.
in Farmington, New York, is the
first FedEx independent service provider (ISP) in the country to
participate in Workhorse's new nationwide program for FedEx Ground
delivery vehicles.
"We're excited to become the first FedEx Ground ISP to add the
Workhorse electric vehicle to our fleet and explore the benefits it
offers on cost savings and reduced emissions," said Paul Gillette, owner of Colonial Routes, Inc.
"Electric vehicles are the future of transportation and delivery,
and we're thrilled to be on the front line."
Colonial Routes is the first operator in the nation to
participate in Workhorse's new FedEx Ground vehicle program, which
is now open to contractors nationwide. The E-GEN® and E-100® vans
available in the program are configured to match the current
shelving, specifications and workflow that FedEx Ground delivery
drivers use today, without the emissions, noise, cost or
maintenance associated with gas or diesel vehicles. Ryder System,
Inc. is the exclusive maintenance provider for Workhorse's entire
light- and medium-duty range-extended electric vehicle fleet in
North America. As an integrated
component of Workhorse's offering, Ryder will support the electric
vehicles with a combination of warranty and maintenance services as
part of the Ryder SelectCare fleet maintenance portfolio. Through
Ryder SelectCare maintenance, FedEx has access to Ryder's network
of 800 facilities across North
America to support its Workhorse electric vehicle fleet,
maximizing uptime, lowering costs, and keeping FedEx's businesses
moving.
Earlier this year, Workhorse also announced its strategic
service partnership with Ryder as well as its decision to make
Ryder the primary distributor in North
America for Workhorse's E-100 and E-GEN range-extended
medium-duty vehicles, as well as the W-15™ electric pickup
truck.
"We're excited to launch our Workhorse FedEx Ground vehicle
program to all contractors around the country," said Stephen Burns, president and CEO of Workhorse.
"Our mission has been to create not merely the best electric
vehicles for fleets, but the best overall vehicles for their unique
needs, and we've found that in the E-GEN and E-100."
The Workhorse E-100 all-electric, zero emission truck achieves
37.5 MPGe fuel efficiency, with an average range of 100 miles on a
single charge depending on duty cycle. The Workhorse E-GEN
battery-electric extended range step van achieves 40 MPGe fuel
efficiency, which reduces vehicle emissions by 75 percent and is
six times more efficient than conventional step vans. E-GEN
provides an average range of 60 miles all-electric plus an
additional 60 miles using the integrated BMW range extender. Both
vehicles utilize Panasonic Li-Ion battery packs and incorporate
Workhorse's proprietary chassis design, powertrain, battery
management system and real-time Metron telematics system.
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 compliant
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
rote 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.
CONTACT: 1-571-329-3156, macedonio@pinkstongroup.com
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SOURCE Workhorse Group Inc.