Workhorse Group Engages Burr Truck and Trailer Sales as its First Distribution and Service Partner in New York
12 Julho 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, announced it has engaged
Burr Truck
and Trailer Sales (“Burr Truck”) as its first distribution
and service partner in New York state, making it the initial
Workhorse dealership in the northeastern United States.
Founded in 1967 and headquartered in Vestal, New York, Burr
Truck is a third generation, family-owned commercial truck
dealership offering services, sales and leasing of Class 3-8 medium
and heavy-duty trucks. Workhorse’s partnership with Burr Truck
represents a critical step forward in supporting greater access to
zero emission transportation technology in an extremely challenging
supply chain market.
“As we continue to produce and deliver a growing number of Class
4 and other last-mile delivery products, we are also actively
building out our national distribution capabilities,” said
Workhorse CEO Rick Dauch. “This partnership with Burr Truck gives
us a pivotal foothold in the northeastern U.S. and aligns our sales
efforts with an established name brand in the region. We look
forward to growing our partnership with Burr Truck as we ramp our
production capacity and accelerate vehicle deliveries over the
coming months.”
Chuck Burr, President of Burr Truck and Trailer Sales added:
“The Workhorse W4 CC and W750 fit well with our current medium and
heavy-duty product line, giving our company the opportunity to
expand our service offering to a larger demographic in a state that
is at the forefront of EV adoption. We look forward to partnering
with Workhorse to help drive commercial fleet electrification.”
About Burr TruckBurr Truck continues to invest
in top-of-the-line infrastructure to keep pace with ever-changing
technology, including but not limited to a Level-3 DC Fast Charge
120kW ABB Terra 124 charging system. Burr Truck’s additional
investment in training, tooling and safety equipment supports its
commitment to be the premier New York truck dealership offering
customers a partner and solution in understanding the ins and outs
of battery electric vehicles. Burr Truck maintains a family
business environment which offers their staff and their customers
the balance of trust, value, and confidence in knowing their
services are second to none. For additional information visit
burrtruck.com.
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 StatementsThe 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 surface vehicle platforms and the WA4-100
(Horsefly) and WA4-200 (HALO) small Uncrewed Aerial Systems 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@gateway-grp.com
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