CINCINNATI, July 2, 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 that its SureFly Multi-Copter is scheduled to fly on Tuesday, July 24 during the Innovations Day session at the EAA AirVenture fly-in at Oshkosh, Wisconsin. The manned flight will take place with an all-electric SureFly test vehicle from 3:03 to 3:08 p.m. Central Time, during the event's daily airshow.
"We are thrilled to fly this year at EAA AirVenture after introducing SureFly for the first time at last year's event," said Steve Burns, CEO of Workhorse Group. "As we work with the FAA through the Type Certification process, we appreciate the opportunity to publicly demonstrate our exciting progress at the World's Greatest Air Celebration."
Watch the latest SureFly video here: https://youtu.be/gGmC5ZT6CBQ.
The SureFly is a two-place hybrid-electric eVTOL multi-copter aircraft developed by Workhorse in Loveland, Ohio. It is designed to carry about 400 pounds of payload approximately 70 miles, at a speed of about 70 miles per hour, day or night. The aircraft utilizes a fly-by-wire flight control system designed to maintain the flight envelope of the aircraft. With eight independent motors, each driving its own rotor system, the aircraft has the system redundancy required to land safely should a motor fail. A parachute deploys as the final backup, should the aircraft encounter an unsafe situation. The aircraft is quiet, comfortable, and practical.
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 www.workhorse.com.
About EAA AirVenture Oshkosh
EAA AirVenture Oshkosh is the "World's Greatest Aviation Celebration" and EAA's yearly membership convention, which draws 10,000 aircraft and a total attendance of 500,000 to Oshkosh, Wisconsin. Additional EAA AirVenture information, including advance ticket and camping purchase, is available online at www.eaa.org/airventure. For more information on EAA and its programs, call 1-800-JOIN-EAA (1-800-564-6322) or visit www.eaa.org. Immediate news is available at www.twitter.com/EAA.
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.