CINCINNATI, Sept. 6, 2017 /PRNewswire/ -- Workhorse Group Inc. (NASDAQ: WKHS), a Cincinnati-based technology company focused on providing electric mobility solutions to the transportation sector, today announced that it will exhibit the new W-15 electric range-extended pickup truck at the National Drive Electric Week™ event at Cincinnati's Tri-County Mall on September 9. The truck will be on display and available for test drives from 10:00 a.m. to 3:00 p.m.
The Workhorse W-15 light duty platform design is an extension of the E-Gen electric technology used in Workhorse medium-duty delivery trucks, and is the first plug-in range-extended electric pickup built from the ground up by an original equipment manufacturer (OEM) in America. The vehicle is designed for unlimited range, with the first 80-miles all-electric powered using Panasonic 18650 Li-ion batteries, and additional range as needed using the gasoline generator to continuously charge the battery.
The W-15 will also feature onboard exportable power, allowing individuals to operate equipment directly from the vehicle without requiring an external generator. With the goal of being the safest pickup truck in America for fleet operators, the W-15's safety features include an extra large crumple zone and lower center of gravity while still providing ground clearance. The W-15 also offers 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 electric mobility solutions to the 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.
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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