CINCINNATI and SAN DIEGO, Oct. 8,
2019 /PRNewswire/ -- Workhorse Group
Inc. (NASDAQ: WKHS) ("Workhorse" or "the
Company"), an American technology company focused on providing
sustainable and cost-effective electric-mobility solutions to the
transportation sector has partnered with Unmanned Systems
Operations Group, Inc. ("USOG"), a provider of
end-to-end, unmanned mobile medical delivery logistics, to launch
an initial pilot drone delivery program in the San Diego area with the goal of pursuing
additional programs for healthcare providers, pharmacies, and
specialized medical courier services using Workhorse's
HorseFly™, a fully functional drone
delivery system.
Workhorse designed the HorseFly as a custom built,
high-efficiency unmanned aerial vehicle (UAV), which is fully
integrated with the Company's NGEN electric delivery vehicles as
well as its legacy models through a completely cloud-based software
system. In practice, USOG personnel will be able to monitor
multiple autonomous UAV flights while customers are able to track
their deliveries through a delivery app which allows for real-time
data transmission for information such as package location and
vehicle status as well as onboard video.
The HorseFly system conforms to the Federal Aviation
Administration's (FAA) standards for UAV operation in the United States. Workhorse and USOG will be
operating these pilot programs in compliance within all FAA rules
and regulations and are also subject to the Health Insurance
Portability and Accountability Act (HIPAA), a 1996 Federal law that
restricts access to individuals' private medical information.
Workhorse and USOG are initially working together in the FAA's
unmanned aerial system (UAS) Integration Pilot Program (IPP) in
San Diego, CA, in which USOG is
utilizing a Workhorse step van and Horsefly with the goal of adding
additional programs in the coming months.
"USOG's vision is to enable nationwide medical deliveries by
UAV, and we couldn't think of a better application for our HorseFly
system," said Workhorse CEO Duane
Hughes. "We look forward to working closely with USOG as
well as with the FAA and other key stakeholders on safe, secure,
and timely deliveries in addition to maintaining patient privacy.
While we recognize the immediate benefits of utilizing our
technology in such a vital application, we're also excited about
the possibilities these types of deliveries can represent across a
variety of industries and use cases on a much larger scale. As the
only U.S. patented truck drone-launched system, we believe we are
in an excellent position to take share in a number of nascent
delivery markets."
"This partnership represents a game-changing opportunity the
broader medical field, which could set a new standard for more
effective and timely patient treatment options empowered by drone
logistics," added USOG CEO Pharns Genece. "Workhorse has already
delivered a complete system to us, and we are well-positioned to
take advantage the FAA IPP program in the near term. Going forward,
we will look to expand our work with innovative companies in one of
the largest medical markets in the U.S. Our role in the chain of
custody, when delivering or moving any medical cargo, is for our
customers to be the number one priority. With Workhorse and its
HorseFly™ system, we believe we'll be able
to save more lives through the secure and timely delivery of
medical assets via unmanned systems."
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. Workhorse also develops
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.
About Unmanned Systems Operations Group, Inc.
Unmanned
Systems Operations Group, Inc. (USOG) is an 8(a) Service-Disabled
Veteran-Owned business and a provider of end-to-end unmanned mobile
medical delivery logistics. USOG's autonomous systems are
integrated with the Workhorse N-GEN electric delivery truck, which
features a control center for an unmanned aerial vehicle (UAV)
operator and an auto-launch and recovery system located on the
vehicle's rooftop. HorseFly's on-demand delivery software
calculates routes, submits Federal Aviation Administration (FAA)
Low Altitude Authorization and Notification Capability (LAANC)
flight requests, and acquires customer drone delivery
authorizations. The system also integrates obstacle
avoidance/collision sensors, monitors local weather and adheres to
FAA "no-fly" zones, and includes an integrated automatic dependent
surveillance (ADS-B) system that transmits highly accurate
positional information to aircraft ground controllers and directly
to other aircraft. USOG is also pursuing potential applications in
disaster relief aid.
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 satisfy
covenants in our financing agreements; our inability to maintain
our listing of our securities on the Nasdaq Capital Market; our
inability to satisfy our customer warranty claims; 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.
Workhorse Investor Relations Contact:
Matt Glover and Tom Colton
Gateway Investor Relations
949-574-3860
WKHS@gatewayir.com
USOG Contact:
Jeff
Simons
833-876-4400
j.simons@usog.us
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SOURCE Workhorse Group Inc.