CINCINNATI, March 3, 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 its new C-Series
all-electric delivery trucks have each received a U.S.
Environmental Protection Agency (EPA) Certificate of
Conformity.
A Certificate of Conformity is issued by the EPA to a vehicle
manufacturer to officially confirm that a specific vehicle class
conforms to all EPA regulations and emission standards. With this
approval, the vehicle class also has the right and authority to
operate on U.S. roads and highways.
"Receiving the EPA's Certificate of Conformity for our C-Series
electric last-mile delivery trucks is a major accomplishment in the
C-Series production process," said Workhorse CEO Duane Hughes. "This certification allows our
vehicles to be sold, delivered and operated on U.S. roads."
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 105 kWh in its largest,
six-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. Workhorse's C-Series electric delivery trucks help
fleet managers meet their all-electric range goals, while
delivering lower overall total cost of ownership (TCO).
Workhorse's C-Series has also completed proving ground tests to
provide data for final calibration of its (ABS) antilock brake
functionality.
Fleet operators and managers are invited to see the new C-Series
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 to discuss specific needs should
contact Pax Lindell at pax.lindell@workhorse.com.
For more information on the Workhorse C1000
and C650 all-electric delivery trucks, visit:
www.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
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SOURCE Workhorse Group Inc.