Workhorse Group Inc. (Nasdaq:
WKHS) (“Workhorse” or
“the Company”), an American technology
company focused on pioneering the transition to zero emission
commercial vehicles, today announced it has added Colonial
Equipment Company and Freeway Isuzu to its growing network of
dealers across the United States. The Company also announced that
Fairway EV has recently been confirmed as a Workhorse Certified
Dealer. The Certified Dealer Program is an initiative to develop an
official network of verified dealers that have passed the protocols
necessary to safely repair and maintain the electric components of
the Company’s vehicles. The Company’s total dealer count has now
grown to eight partners nationwide.
Colonial Equipment Company, located in Maryland, has been
servicing the Mid-Atlantic region with transportation solutions
since 1982. Over this time, the business has developed strong
connections with government agencies and is now partnering with
Workhorse to electrify fleets across the country. Colonial
Equipment Company will be Workhorse’s GSA AutoChoice provider; the
GSA is a service from the U.S. General Services Administration that
provides agencies with a reliable way to purchase vehicles.
Freeway Isuzu, a premier Isuzu dealer located in Southern
California, and Fairway EV, a female-owned electric vehicle (“EV”)
dealer based in Northern California, have added Workhorse’s EVs to
its respective portfolio of trucks it sells and services. In total,
Workhorse now counts four dealer partners in California, the
nation’s leading EV market.
“The expansion of our dealer network is a critical step forward
to growing our sales across the country,” said Workhorse CEO Rick
Dauch. “Partnering with Colonial Equipment Company will accelerate
our ability to electrify government fleets across the nation. The
longstanding experience Colonial Equipment Company has working with
government agencies made them the right partner for us."
“Additionally, thanks to our recent HVIP approval, we are
expanding our sales efforts in the growing California EV market.
The addition of Freeway Isuzu as a dealer partner and Fairway EV as
a Certified Dealer expands our coverage even further across the
state of California. As we increase our production capacity, we
look forward to working with our new partners to sell and
effectively service our vehicles.”
Colonial Equipment Company President Donald Combs added: “Since
1982 we’ve been committed to providing our clients with the best
products from the best manufacturers. With Workhorse now part of
our portfolio, we are proud to carry that commitment into the
growing EV market. We are excited to offer our customers
Workhorse’s market-ready vehicles.”
Freeway Isuzu President John Palmieri added: “As California
continues to lead in the transition to zero emission vehicles,
we’ve seen an increased demand for electric alternatives from our
fleet operators. Workhorse’s W4 CC and W750 each provide us with a
compelling new alternative as more fleets transition to EVs.”
About Colonial Equipment CompanySince 1982,
Colonial Equipment Company has been providing insightful
transportation solutions for all manner of companies, schools,
agencies, and organizations. Colonial is in the forefront of
innovation in the bus, van, and green technologies for the
transportation and transit communities. Whether you need a new
14-passenger Collins Magellan MFSAB bus, a 32-passenger StarCraft
Allstar XL, or are looking into converting your fleet to EV, we
have the experience, expertise, and access to help you plan and
execute the right solution to help you achieve your goals. With our
large selection of new and used vehicles, we are ready to respond
to whatever needs you may have with outstanding service and
insightful recommendations.
About Freeway IsuzuFreeway Isuzu, located in
Corona, CA, near Orange, CA, offers a full lineup of new and used
Isuzu vehicles, including cars, trucks, and SUVs for sale. Our
knowledgeable Freeway Isuzu staff is dedicated and will work with
you to put you behind the wheel of the Isuzu vehicle you want, at
an affordable price. Feel free to browse our online inventory,
request more information about our vehicles, or set up a test drive
with a sales associate. Freeway Isuzu also offers vehicle financing
options as well as auto body repair, service, parts, and
accessories.
About Fairway EVFairway EV is a certified
Woman-Owned (WBENC/WOSB) and Minority Business Enterprise that
provides zero-emissions solutions to corporate customers needing
anything from compact low speed utility vehicles to large class 6
step vans for corporate, fleet, agriculture, delivery, and
construction applications. Fairway has a state-of-the-art facility
with service center, charging stations, and certified sales and
service personnel as well as a team of hardworking and disciplined
individuals that are fiercely passionate about the EV industry and
ready to serve customers throughout northern California from
infrastructure planning to sales and service.
About Workhorse Group Inc.Workhorse is a
technology company focused on providing ground and air-based
electric vehicles to the last-mile delivery sector. As an American
original equipment manufacturer, we design and build high
performance, battery-electric trucks and drones. 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.
FORWARD LOOKING STATEMENTSThis press release
contains forward-looking statements reflecting our current
expectations that involve risks and uncertainties. These statements
are made under the “safe harbor” provisions of the U.S. Private
Securities Litigation Reform Act of 1995. When used in this
document, the words “anticipate,” “expect,” “plan,” “believe,”
“seek,” “estimate,” “will,” and “continue” and similar expressions
are intended to identify forward-looking statements. These
statements involve substantial risks and uncertainties. For a
further description of the risks and uncertainties relating to the
business of the Company in general, see the Company’s filings with
the Securities and Exchange Commission, including the Company’s
Annual Report on Form 10-K for the year ended December 31, 2022 and
Quarterly Reports on Form 10-Q for the quarters ended March 31,
2023, June 30, 2023 and September 30, 2023. Forward-looking
statements speak only as of the date hereof. We expressly disclaim
any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in our expectations with regard thereto or any
change in events, conditions, or circumstances on which any such
statement is based, except as required by law.
Media Contact:Aaron Palash / Greg KlassenJoele
Frank, Wilkinson Brimmer Katcher212-355-4449
Investor Relations Contact:Matt Glover and Tom
ColtonGateway
Group949-574-3860WKHS@gateway-grp.com
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