CINCINNATI, March 21, 2018 /PRNewswire/ -- Workhorse Group Inc. (NASDAQ: WKHS), an American technology company focused on providing sustainable and cost-effective electric mobility solutions to the commercial electric transportation sector, today announced that the company is deploying the country's first fleet of all-electric, zero-emission N-GEN cargo vans in the Bay Area, beginning next month.
In partnership with Ryder System, Inc., the exclusive maintenance provider for Workhorse's entire light- and medium-duty range-extended electric vehicle fleet in North America, the all-electric N-GEN vehicles are a clean solution for last mile delivery and commercial work fleets. Ahead of their launch, Workhorse will display the N-GEN at City Hall in San Francisco on Wednesday, March 28 at 11:00am to welcome the first van to the city.
"Rolling out this history making fleet of N-GEN vans in one of the most innovative cities in America is something myself and the entire team are extremely proud of," said Duane Hughes, Workhorse President and COO. "This deployment is the first step towards transitioning the largest growing segment in the truck business into a zero-emission stronghold."
Designed from the ground up by American original equipment manufacturer Workhorse, the cargo vans were built to be the safest, most efficient last-mile delivery and work truck system available. With ultra-low floors and a high roof design, they are built to improve worker efficiency and reduce physical stress on the knees and back, while maximizing cargo space in a small footprint. You can view a clip of the N-GEN zero-emission van in action here: https://youtu.be/ninQA5M-Xq4.
As an integrated component of Workhorse's offering, Ryder will support the electric vehicles with a combination of warranty and maintenance services as part of the Ryder SelectCare fleet maintenance portfolio. Ryder offers a network of 800 maintenance facilities across North America to support the Workhorse electric vehicle fleet, maximizing uptime, lowering costs and keeping businesses moving.
The N-GEN vans feature fast charging capabilities and achieve 100 miles all electric range. Standard is all-wheel drive and superior turning radius for a light class vehicle. The built-in Workhorse Metron telematics system tracks all parameters in real time to optimize performance and efficiency. Design options will include collision avoidance system, automatic braking, lane centering warning and optional patented HorseFly unmanned package delivery drone.
About Workhorse Group Inc.
Workhorse is a technology company focused on providing sustainable and cost-effective solutions to the commercial transportation sector. As an American original equipment manufacturer, we design and build high performance battery-electric vehicles including trucks and aircraft. We also develop 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 http://www.workhorse.com/.
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 maintain our listing of our securities on the Nasdaq Capital Market; 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.
SOURCE Workhorse Group Inc.