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W-15 Extended Range Electric Pickup Truck Begins Six-City East Coast Tour

May 24, 2018

Press Release

Workhorse W-15 Extended Range Electric Pickup Truck Begins Six-City East Coast Tour

May-June Tour will kick-off in New Haven, CT and conclude in New York City

CINCINNATI, May 24, 2018 /PRNewswire/ -- Workhorse Group Inc. (NASDAQ: WKHS), an American technology company focused on providing sustainable and cost-effective solutions to the commercial transportation sector, announced it will exhibit its new W-15 range-extended electric pickup truck during a six-city tour, kicking off on May 29 at the Greater New Haven Clean Cities Coalition in New Haven, CT.

"When we set out to create the W-15, we wanted to create the best pickup truck for fleets, and it just so happened to be electric," said Steve Burns, CEO of Workhorse.

The initial five cities the W-15 will make makes stops in are listed below:

May 29: Greater New Haven Clean Cities Coalition; New Haven, CT May 30: RIPWA Ride and Drive; Warwick, RI May 31: City of Boston Mass DOT & City of Framingham; Boston, MA June 1: Green Your Fleet! Workshop; Concord, NH June 3-5: Electric Utility Fleet Managers Conference; Williamsburg, VA

The tour will conclude at an event in New York City in late June.

The Workhorse W-15 light duty design is based on the same platform technology used in the Workhorse N-GEN electric delivery van, and is the first plug-in range-extended electric pickup built from the ground up by an original equipment manufacturer (OEM) in America. With an expected 80-mile all-electric range using Panasonic 18650 Li-ion batteries, the battery pack will cover the vast majority of miles driven in a day by fleet operators. If needed, the range extender will activate to continuously charge the batteries, allowing additional unlimited range to complete the day's tasks.

The W-15 will also feature the ability for workers to power equipment directly from the vehicle's batteries, without the vehicle running, which allows a crew to complete their duties without an external power source. With the goal of being the safest pickup truck in America for fleet operators, the W-15's safety features include an extra large front crumple zone and crash mitigation technologies, including automatic braking and lane centering. Once production commences, the W-15 is anticipated to have a $52,500 MSRP.

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 workhorse.com.

Forward Looking Statement 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.

Media:

Ryan Hallett ryan.hallett@grey.com
(212) 546-2598

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