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New York FedEx Ground Independent Service Provider Adds Workhorse Electric Van to Fleet

Farmington company becomes first to take advantage of national Workhorse FedEx Ground electric vehicle program

CINCINNATI, Dec. 7, 2017 /PRNewswire/ -- Workhorse Group Inc. (NASDAQ: WKHS), an American technology company focused on providing sustainable and cost-effective solutions to the commercial transportation sector, today announced that Colonial Routes, Inc. in Farmington, New York, is the first FedEx independent service provider (ISP) in the country to participate in Workhorse's new nationwide program for FedEx Ground delivery vehicles.

"We're excited to become the first FedEx Ground ISP to add the Workhorse electric vehicle to our fleet and explore the benefits it offers on cost savings and reduced emissions," said Paul Gillette, owner of Colonial Routes, Inc. "Electric vehicles are the future of transportation and delivery, and we're thrilled to be on the front line."

Colonial Routes is the first operator in the nation to participate in Workhorse's new FedEx Ground vehicle program, which is now open to contractors nationwide. The E-GEN® and E-100® vans available in the program are configured to match the current shelving, specifications and workflow that FedEx Ground delivery drivers use today, without the emissions, noise, cost or maintenance associated with gas or diesel vehicles. Ryder System, Inc. is the exclusive maintenance provider for Workhorse's entire light- and medium-duty range-extended electric vehicle fleet in North America. As an integrated component of Workhorse's offering, Ryder will support the electric vehicles with a combination of warranty and maintenance services as part of the Ryder SelectCare fleet maintenance portfolio. Through Ryder SelectCare maintenance, FedEx has access to Ryder's network of 800 facilities across North America to support its Workhorse electric vehicle fleet, maximizing uptime, lowering costs, and keeping FedEx's businesses moving.

Earlier this year, Workhorse also announced its strategic service partnership with Ryder as well as its decision to make Ryder the primary distributor in North America for Workhorse's E-100 and E-GEN range-extended medium-duty vehicles, as well as the W-15™ electric pickup truck.

"We're excited to launch our Workhorse FedEx Ground vehicle program to all contractors around the country," said Stephen Burns, president and CEO of Workhorse. "Our mission has been to create not merely the best electric vehicles for fleets, but the best overall vehicles for their unique needs, and we've found that in the E-GEN and E-100."

The Workhorse E-100 all-electric, zero emission truck achieves 37.5 MPGe fuel efficiency, with an average range of 100 miles on a single charge depending on duty cycle. The Workhorse E-GEN battery-electric extended range step van achieves 40 MPGe fuel efficiency, which reduces vehicle emissions by 75 percent and is six times more efficient than conventional step vans. E-GEN provides an average range of 60 miles all-electric plus an additional 60 miles using the integrated BMW range extender. Both vehicles utilize Panasonic Li-Ion battery packs and incorporate Workhorse's proprietary chassis design, powertrain, battery management system and real-time Metron telematics system.

About Workhorse Group Inc.

Workhorse Group Inc. is a U.S.-based original equipment manufacturer of medium-duty, EPA-approved battery-electric delivery vehicles and fully integrated truck-launched, FAA compliant unmanned aerial systems (UAS) delivery drones. The company is also a developer of a cloud-based, real-time telematics performance monitoring system that provides fleet operators ultimate energy and rote efficiency. 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.

CONTACT: 1-571-329-3156, [email protected]

 

View original content:http://www.prnewswire.com/news-releases/new-york-fedex-ground-independent-service-provider-adds-workhorse-electric-van-to-fleet-300568092.html

SOURCE Workhorse Group Inc.

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