Alpha Baking Company Orders Additional Workhorse Electric E-GEN Vehicles Following Successful First Deployment
CINCINNATI, Aug. 9, 2017 /PRNewswire/ -- Workhorse Group Inc. (NASDAQ: WKHS), an American technology company focused on providing electric mobility solutions to the commercial transportation sector, announced today that Alpha Baking Company has ordered five additional range-extended electric E-GEN step vans following the successful deployment of its first five vehicles. Workhorse's E-GEN step vans achieve 40 MPGe fuel efficiency in the Alpha fleet application, which is six times more efficient than their conventional step vans in use today, and reduce vehicle emissions by 75 percent.
"The Workhorse E-GEN step van has exceeded our expectations for performance. Our drivers love it and customer feedback has been extremely positive," said Robert McGuire, vice president and director of logistics at Alpha Baking. "We are excited to accelerate the integration of Workhorse vehicles as a standard for the Alpha Baking fleet moving forward."
Alpha Baking is a leader in the fresh, frozen and retail baking markets, operating six production plants across Illinois, Indiana, Wisconsin and Michigan. The company operates more than 300 fresh delivery routes.
"We thank Alpha Baking for its leadership in the adoption of sustainable electric transportation for last-mile delivery," said Steve Burns, chief executive officer of Workhorse. "We look forward to continuing our partnership with Alpha in support of total fleet electrification."
E-GEN provides an average range of 125 miles on a single charge, with 75 miles all-electric utilizing Panasonic Li-Ion battery packs, and an additional 50 miles using the integrated BMW range extender. Workhorse's proprietary chassis design, powertrain, battery management system and real-time Metron telematics system provides reliable performance and optimizes driver efficiency.
About Workhorse Group Inc. Workhorse is a technology company focused on providing electric mobility 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.
Forward-Looking Statements 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.
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