CINCINNATI, Feb. 20, 2020
/PRNewswire/ -- Workhorse Group
Inc. (NASDAQ: WKHS) ("Workhorse" or "the
Company"), an American technology company focused on
providing sustainable and cost-effective electric vehicles to the
last mile delivery sector, announced that it will display its
newly-designed C650 all-electric step van at the NTEA
Work Truck Show, March 4-6, 2020 in
Indianapolis, IN.
The Company's new C650
and C1000 step vans will set a new standard in
design and efficiency for the last-mile delivery segment with its
650 cubic foot and 1000 cubic foot vehicles both weighing
approximately 12,500 lbs. when fully loaded. Through a lightweight,
composite, monocoque construction method, Workhorse has
significantly decreased their vehicles' curb weights when compared
to legacy Company models, while still providing the same cargo
volume capacity.
Workhorse C Series vehicles are powered by a modular battery
pack system, which provides between 35 kilowatt hours (kWh) when
equipped with two battery packs and 70 kWh in its standard four
pack configuration, empowering customers to choose the right energy
requirement for specific duty cycles. Depending on the size of
battery pack installation, range is expected to be between 100 and
150 miles on a single charge, while achieving approximately 53
miles per gallon gasoline equivalent (MPGe). Workhorse also
currently has the only patent approved for a delivery-truck-mounted
drone system, which has been shown to further increase last mile
efficiency.
"A combination of lightweight design, modular battery pack, and
a 4-wheel independent suspension system with rear air shocks makes
our new C650 unlike any electric vehicle on the market,"
said Duane Hughes, Workhorse
CEO.
Fleet operators and managers are invited to see the new
C650 all-electric Step Van at the NTEA Work Truck Show
in Booth #941 from March 4-6, 2020.
Workhorse representatives will be on-hand to answer questions and
present the vehicle.
Fleet managers who would like additional information are
directed to contact Pax Lindell at
pax.lindell@workhorse.com
About Workhorse Group Inc.
Workhorse is a technology company focused on providing electric
vehicles to the last mile delivery 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.
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.
Media Contact:
Mike Dektas
Creative Storm PR
513-266-3590
mike@creativestorm.com
Workhorse Investor Relations Contact:
Matt Glover and Tom Colton
Gateway Investor Relations
949-574-3860
WKHS@gatewayir.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/workhorse-group-to-unveil-new-c650-electric-step-van-at-ntea-work-truck-show-301008047.html
SOURCE Workhorse Group Inc.