Workhorse Group Showcases W56 at CALSTART’s Electric Vehicle Event at U.S. Capitol
08 Junho 2023 - 9:30AM
Workhorse Group Inc. (Nasdaq:
WKHS) (“Workhorse” or “the Company”), an American
technology company focused on pioneering the transition to zero
emission commercial vehicles, today announced it showcased its W56
vehicle to members of Congress, policy makers, and other federal
officials at the “Driving the Future: An Electric Vehicle Event” on
June 7 in Washington D.C.
“Driving the Future: An Electric Vehicle Event” was hosted by
CALSTART and members of Congress on the Capitol Grounds and
highlighted the availability of a diverse display of electric
vehicles (“EVs”). The EV showcase and interactive event allowed
members of Congress to learn more about the market readiness and
diverse available technology to accelerate the transition to EVs.
At the event, Workhorse displayed its W56 delivery vehicle and
discussed its use and adoption with attendees who were able to
visit, tour, and drive the vehicle.
“The future of last-mile delivery is electric, and we are
excited to have had the opportunity to showcase our W56 to members
of Congress and explain the role of EVs in changing the way the
world works,” said Workhorse CEO Rick Dauch. “The event provided an
opportunity for us to highlight Workhorse’s exciting last-mile
delivery vehicles and discuss the diverse available technology
available to accelerate the broader transition to EVs. We look
forward to continuing the public conversation on the compelling
benefits of EVs and the role we play in this critical market.”
About Workhorse Group Inc.
Workhorse is a technology company focused on providing ground
and air-based electric vehicles to the last-mile delivery sector.
As an American original equipment manufacturer, we design and build
high performance, battery-electric trucks and drones. 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
The discussions in this press release contain forward-looking
statements reflecting our current expectations that involve risks
and uncertainties. These statements are made under the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. When used in this press release, the words
“anticipate,” “expect,” “plan,” “believe,” “seek,” “estimate” and
similar expressions are intended to identify forward-looking
statements. These are statements that relate to future periods and
include, but are not limited to, statements about the features,
benefits and performance of our products, our ability to introduce
new product offerings and increase revenue from existing products,
expected expenses including those related to selling and marketing,
product development and general and administrative, our beliefs
regarding the health and growth of the market for our products,
anticipated increase in our customer base, expansion of our
products functionalities, expected revenue levels and sources of
revenue, expected impact, if any, of legal proceedings, the
adequacy of liquidity and capital resources, and expected growth in
business. 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 in this
press release. Factors that could cause actual results to differ
materially include, but are not limited to: our ability to develop
and manufacture our new product portfolio, including the W4 CC,
W750, W56 and WNext platforms; our ability to attract and retain
customers for our existing and new products; risks associated with
obtaining orders and executing upon such orders; supply chain
disruptions, including constraints on steel, semiconductors and
other material inputs and resulting cost increases impacting our
company, our customers, our suppliers or the industry; our ability
to capitalize on opportunities to deliver products to meet customer
requirements; our limited operations and need to expand and enhance
elements of our production process to fulfill product orders; 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; the ability to protect our
intellectual property; market acceptance for our products; our
ability to control our expenses; potential competition, including
without limitation shifts in technology; volatility in and
deterioration of national and international capital markets and
economic conditions; global and local business conditions; acts of
war (including without limitation the conflict in Ukraine) and/or
terrorism; the prices being charged by our competitors; our
inability to retain key members of our management team; our
inability to satisfy our customer warranty claims; the outcome of
any regulatory or legal proceedings; and other risks and
uncertainties and other factors discussed from time to time in our
filings with the Securities and Exchange Commission ("SEC"),
including under the “Risk Factors” section of our filings with the
SEC. Forward-looking statements speak only as of the date hereof.
We expressly disclaim any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in our expectations with
regard thereto or any change in events, conditions or circumstances
on which any such statement is based, except as required by
law.
Media Contact:Aaron Palash / Greg KlassenJoele
Frank, Wilkinson Brimmer Katcher212-355-4449
Investor Relations Contact:Matt Glover and Tom
ColtonGateway Investor Relations949-574-3860WKHS@gatewayir.com
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