CINCINNATI, Feb. 1, 2018 /PRNewswire/ -- Workhorse Group
Inc. (NASDAQ: WKHS), an American technology company focused on
providing sustainable and cost-effective solutions to the
commercial electric transportation sector, today announced that the
United States Patent and Trademark Office (USPTO) has issued a
notice of allowance for the HorseFly Truck Launched Drone Package
Delivery System patent application.
The HorseFly system adheres to all current FAA safety
regulations for drone package delivery, as each package is
delivered within the delivery driver's "line of sight."
The truck launched drone system is designed to assist a driver
as follows:
- The truck delivery driver loads the package and launches the
HorseFly drone
- The HorseFly drone autonomously launches from the roof of the
delivery truck, gains altitude and proceeds to the delivery
location
- At the delivery location the drone autonomously descends and
the package is released
- The HorseFly drone returns to the delivery truck at a planned
stop and autonomously redocks and recharges for its next
delivery
The system was first successfully tested in a rural delivery,
launching the drone with package from atop a truck. The HorseFly
system provides significant cost efficiency by eliminating extra
miles of driving to deliver packages.
"We believe, as we proceed with the patent application process,
that the HorseFly truck launched drone package delivery system will
be the first major change to the last mile delivery process since
the invention of the truck. The HorseFly system is designed to work
with the truck driver to increase efficiency," said Steve Burns, Workhorse CEO. "We feel this is a
game-changing moment in time that will innovate the way packages
are delivered for many years to come."
The HorseFly UAV Delivery System is a custom-built, high
efficiency delivery UAV that is fully integrated with the Workhorse
line of electric/hybrid delivery trucks. The HorseFly system
conforms to FAA guidelines for UAV operation in the U.S. Most
notably, being fully integrated with delivery trucks, the system is
designed such that a driver or driver's assistant can maintain
line-of-sight operation of the UAV delivery process.
About Workhorse Group Inc.
Workhorse is a technology company focused on providing
sustainable and cost-effective solutions to the commercial
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.
Media:
Mike Dektas
mike.dektas@workhorse.com
(513) 266-3590
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SOURCE Workhorse Group Inc.