CINCINNATI, May 7, 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, has joined the Small UAV Coalition as an
Associate member.
The Small UAV Coalition is a partnership whose Board members
include Amazon Air, Wing, Intel, PrecisionHawk, and Verizon and
other leading consumer and technology companies who believe that
U.S. leadership in the research, development, production, and
application of unmanned aerial systems (UAS) will benefit consumers
in all walks of life. According to a Department of Transportation
economic report regarding unmanned aerial systems, there are
hundreds of potential use cases for the technology. As a group, the
Small UAV Coalition supports and advocates for a range of law and
policy changes that will not only embrace, but encourage, the
growth of the UAV industry.
Workhorse CEO Duane Hughes
stated, "As a member of the Small UAV Coalition, it is our honor
and privilege to work side by side with our country's leading
technology companies. The Small UAV Coalition's leadership in the
research, development, production and application of unmanned
aerial systems offers true insight into our future."
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.
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.
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.