Workhorse Group Names W.W. Williams as a Service Provider for Electric Vehicles
January 29 2024 - 8:30AM
Workhorse Group Inc. (Nasdaq:
WKHS) (“Workhorse” or “the
Company”), an American technology company focused on
pioneering the transition to zero-emission commercial vehicles,
will partner with The W.W. Williams Company LLC (“Williams”) to be
a service provider for Workhorse electric vehicles. Williams will
initially offer service through its Power Products Systems Division
located in Wakefield, Massachusetts, with the potential for
additional locations as Workhorse continues to grow its customer
base.
“As we continue to expand and develop our top-tier aftersales
support structure, we are excited to partner with Williams to
further strengthen the service offerings available to our growing
customer base,” said Scott Loomis, Vice President, Quality and
Aftersales Support for Workhorse. “Williams provides Workhorse
customers an expanded network of reliable service for our entire
fleet of electric vehicles – benefiting from their over 100 years
of dedicated service, depth of experience, and support
offerings.”
“This is an exciting opportunity for us to further deepen our
presence in the growing electric truck sector. Partnering with
Workhorse is another opportunity to demonstrate that W.W. Williams
is a leader in the ever-growing world of electric vehicles,” said
Mike Houston, National Sales Manager for Williams.
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.
About W.W. WilliamsFounded in 1912 in Columbus,
Ohio, as a family-owned business, W.W. Williams has evolved into
one of the nation’s most diversified aftermarket parts and service
providers to the commercial vehicle and equipment markets. The
company represents major original equipment manufacturers (OEMs)
and provides a full range of industry-leading products, parts and
services focused on keeping customers’ vehicles and equipment in
operation and minimizing downtime. The company operates in over 50
locations throughout the U.S. and Mexico and employs over 1,250
employees. For additional information about the company,
please visit wwwilliams.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
release, the words “anticipate,” “expect,” “plan,” “believe,”
“seek,” “estimate” and similar expressions are intended to identify
forward-looking statements. These are statements that relate to
future periods and include, but are not limited to, statements
about the features, benefits and performance of our products, our
ability to introduce new product offerings and increase revenue
from existing products, expected expenses including those related
to selling and marketing, product development and general and
administrative, our beliefs regarding the health and growth of the
market for our products, anticipated increase in our customer base,
expansion of our products functionalities, expected revenue levels
and sources of revenue, expected impact, if any, of legal
proceedings, the adequacy of our liquidity and capital resources,
and expected growth in business. 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 in this release. Factors that could cause
actual results to differ materially include, but are not limited
to: our ability to develop and manufacture our new product
portfolio, including the W4 CC, W750, W56 and WNext programs; our
ability to attract and retain customers for our existing and new
products; risks associated with obtaining orders and executing upon
such orders; the unavailability, reduction, elimination,
termination or adverse application of government subsidies,
incentives and/or regulations, including the Advanced Clean Fleet
Regulation adopted by the California Air Resource Board; supply
chain disruptions, including constraints on steel, semiconductors
and other material inputs and resulting cost increases impacting
our company, our customers, our suppliers or the industry; our
ability to capitalize on opportunities to deliver products to meet
customer requirements; our limited operations and need to expand
and enhance elements of our production process to fulfill product
orders; our inability to raise additional capital to fund our
operations and business plan; our ability to regain compliance with
the listing requirements of the Nasdaq Capital Market and otherwise
maintain the listing of our securities thereon; our ability to
protect our intellectual property; market acceptance for our
products; our ability to obtain sufficient liquidity from
operations and financing activities to continue as a going concern
and, our ability to control our expenses; potential competition,
including without limitation shifts in technology; volatility in
and deterioration of national and international capital markets and
economic conditions; global and local business conditions; acts of
war (including without limitation the conflicts in Ukraine and
Israel) and/or terrorism; the prices being charged by our
competitors; our inability to retain key members of our management
team; our inability to satisfy our customer warranty claims; the
outcome of any regulatory or legal proceedings; and other risks and
uncertainties and other factors discussed from time to time in our
filings with the Securities and Exchange Commission (“SEC”),
including under the “Risk Factors” section of our annual report on
Form 10-K and our quarterly reports on Form 10-Q, each as filed
with the SEC. 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.
Workhorse Media Contact:Aaron Palash / Greg
KlassenJoele Frank, Wilkinson Brimmer Katcher212-355-4449
Workhorse Investor Relations Contact:Matt
Glover and Tom ColtonGateway Investor
Relations949-574-3860WKHS@gateway-grp.com
W.W. Williams Contact:Wendy Jones614-296
5588wjones@wwwilliams.com
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