CINCINNATI, March 21, 2018 /PRNewswire/ -- Workhorse
Group Inc. (NASDAQ: WKHS), an American technology company focused
on providing sustainable and cost-effective electric mobility
solutions to the commercial electric transportation sector, today
announced that the company is deploying the country's first fleet
of all-electric, zero-emission N-GEN cargo vans in the Bay Area,
beginning next month.
In partnership with Ryder System, Inc., the exclusive
maintenance provider for Workhorse's entire light- and medium-duty
range-extended electric vehicle fleet in North America, the all-electric N-GEN vehicles
are a clean solution for last mile delivery and commercial work
fleets. Ahead of their launch, Workhorse will display the N-GEN at
City Hall in San Francisco on
Wednesday, March 28 at 11:00am to welcome the first van to the city.
"Rolling out this history making fleet of N-GEN vans in one of
the most innovative cities in America is something myself and the
entire team are extremely proud of," said Duane Hughes, Workhorse President and COO. "This
deployment is the first step towards transitioning the largest
growing segment in the truck business into a zero-emission
stronghold."
Designed from the ground up by American original equipment
manufacturer Workhorse, the cargo vans were built to be the safest,
most efficient last-mile delivery and work truck system available.
With ultra-low floors and a high roof design, they are built to
improve worker efficiency and reduce physical stress on the knees
and back, while maximizing cargo space in a small footprint. You
can view a clip of the N-GEN zero-emission van in action here:
https://youtu.be/ninQA5M-Xq4.
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. Ryder offers a network of 800 maintenance
facilities across North America to
support the Workhorse electric vehicle fleet, maximizing uptime,
lowering costs and keeping businesses moving.
The N-GEN vans feature fast charging capabilities and achieve
100 miles all electric range. Standard is all-wheel drive and
superior turning radius for a light class vehicle. The built-in
Workhorse Metron telematics system tracks all parameters in real
time to optimize performance and efficiency. Design options will
include collision avoidance system, automatic braking, lane
centering warning and optional patented HorseFly unmanned package
delivery drone.
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 http://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:
Ryan Hallett
ryan.hallett@grey.com
(212) 546-2598
View original
content:http://www.prnewswire.com/news-releases/nations-first-electric-delivery-van-developed-by-workhorse-coming-to-san-francisco-300617507.html
SOURCE Workhorse Group Inc.