CINCINNATI, Oct. 28, 2020 /PRNewswire/ -- Workhorse
Group Inc. (Nasdaq: WKHS) ("Workhorse" or "the
Company"), an American technology company focused on providing
sustainable and cost-effective drone-integrated electric vehicles
to the last mile delivery sector, announced that it has submitted
its formal "Type Certification" application to the Federal Aviation
Administration ("FAA") for its HorseFlyTM Unmanned
Aerial System ("UAS"). A type certificate signifies the
airworthiness of a particular category of aircraft according to its
manufacturing design. From application to approval, the
certification process takes approximately 12 to 24 months.
The HorseFly UAS has been designed to meet the FAA's stringent
standards for commercial drone operations and includes a safe,
reliable, multi-use aircraft that can deliver parcels, carry
sensors and cameras and operate autonomously with a high degree of
precision. The system's success has been validated through
real-world commercial deliveries, including approximately 80% of
most commercial package sizes, shapes, and weights, having
demonstrated the ability to carry a ten-pound payload up to 10
miles. The aircraft's flexible design allows users to operate
select, patent-pending delivery methods, including air drops, winch
deliveries from various altitudes and ground deliveries. Its
quick-change battery system also effectively reduces ground time
between missions. The aircraft's durable structure supports
superior levels of reliability in the high-utilization, demanding
markets of commercial and industrial
users.
"FAA Type Certification is the only path to scaling meaningful,
long-term commercial revenue operations in the U.S., and we believe
our Aerospace division is firmly on that path," said Workhorse CEO
Duane Hughes. "We first started
developing our unmanned aerial system over four years ago and have
come a very long way in that time. Workhorse Aerospace has flown
hundreds of live package deliveries in multiple states. With direct
operating costs of the aircraft coming in at less than three cents per mile, package delivery integrated
via drone represents a true step function improvement in terms of
cost and efficiency. While there is much work ahead, this formal
application is a milestone achievement for our team. We will
continue to work diligently over the coming months as we progress
through the various stages of the approval process."
About Workhorse Group Inc.
Workhorse is a technology company focused on providing
drone-integrated 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.