Workhorse Group Partners with Zeem Solutions to Expand Service and Support Options for Workhorse Customers
February 15 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, has
partnered with
Zeem Solutions (“Zeem”) to provide
additional Workhorse certified service options for fleet operators
and customers. Zeem's electric vehicle (“EV”) technicians will work
hand-in-hand with Workhorse’s technical team to respond quickly to
service requests and maintain industry-leading uptime.
Zeem currently operates out of its flagship hub in Los Angeles,
California with plans to expand and build additional hubs
throughout the country. Workhorse customers already operating their
own managed fleets now have the option to work with Zeem
specifically for service and maintenance.
“As we grow our customer footprint in California, partnering
with Zeem will help us ensure that our fleet operators have local
support for all their service needs,” said Workhorse VP of Quality
and Aftersales Support Scott Loomis. “Zeem provides an important
touchpoint for EV operators in one of the largest cities in the
country, and they’re a well-respected name in the industry. Their
deep experience in servicing and maintaining electric vehicles
enhances our ability to minimize disruption due to downtime and
maximize time on the road.”
Rick Eckert, VP Operations at Zeem, added: “We look forward to
working with a premier EV OEM like Workhorse as we build out our
network of service and charging hubs. We aim to pair our offerings
with their best-in-class vehicles to create a first-rate experience
for EV fleet operators.”
About Zeem SolutionsZeem was founded in 2017 to
offer charging, parking, fleet management services, and electric
vehicle leases that enable commercial fleets to meet sustainability
goals and governmental mandates by transitioning from diesel to
electric without the high costs and complexities of owning EVs and
charging networks. Led by industry veterans with a diversity of EV
and charging experience, the company based its operations in Los
Angeles. Zeem builds and operates zero-emission vehicle charging
depots for commercial fleets throughout the country near ports,
airports, and warehousing & distribution centers. After
thousands of first-hand technology assessments and more than 1.7
million conversations with fleets, Zeem opened its first EV
charging depot near LAX in 2021 – and has plans to scale its model
nationwide, including several more hub openings in 2024.
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
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.
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
Workhorse (NASDAQ:WKHS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Workhorse (NASDAQ:WKHS)
Historical Stock Chart
From Apr 2023 to Apr 2024