CINCINNATI, May 24, 2018 /PRNewswire/ -- Workhorse
Group Inc. (NASDAQ: WKHS), an American technology company
focused on providing sustainable and cost-effective solutions to
the commercial transportation sector, announced it will exhibit its
new W-15 range-extended electric pickup truck during a six-city
tour, kicking off on May 29 at the
Greater New Haven Clean Cities Coalition in New Haven, CT.
"When we set out to create the W-15, we wanted to create the
best pickup truck for fleets, and it just so happened to be
electric," said Steve Burns, CEO of
Workhorse.
The initial five cities the W-15 will make makes stops in are
listed below:
- May 29: Greater New Haven Clean
Cities Coalition; New Haven,
CT
- May 30: RIPWA Ride and Drive;
Warwick, RI
- May 31: City of Boston Mass DOT
& City of Framingham; Boston,
MA
- June 1: Green Your Fleet!
Workshop; Concord, NH
- June 3-5: Electric Utility Fleet
Managers Conference; Williamsburg,
VA
The tour will conclude at an event in New York City in late June.
The Workhorse W-15 light duty design is based on the same
platform technology used in the Workhorse N-GEN electric delivery
van, and is the first plug-in range-extended electric pickup built
from the ground up by an original equipment manufacturer (OEM) in
America. With an expected 80-mile all-electric range using
Panasonic 18650 Li-ion batteries, the battery pack will cover the
vast majority of miles driven in a day by fleet operators. If
needed, the range extender will activate to continuously charge the
batteries, allowing additional unlimited range to complete the
day's tasks.
The W-15 will also feature the ability for workers to power
equipment directly from the vehicle's batteries, without the
vehicle running, which allows a crew to complete their duties
without an external power source. With the goal of being the safest
pickup truck in America for fleet operators, the W-15's safety
features include an extra large front crumple zone and crash
mitigation technologies, including automatic braking and lane
centering. Once production commences, the W-15 is anticipated to
have a $52,500 MSRP.
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 workhorse.com.
Forward Looking Statement
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
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SOURCE Workhorse Group Inc.