Workhorse Expands Product Offering with Upfit Solutions from Surefitters
27 Junio 2024 - 3:05PM
Workhorse Group
Inc. (Nasdaq: WKHS)
(“Workhorse” or “the Company”), an American technology
company focused on pioneering the transition to zero-emission
commercial vehicles, announced a new upfit program in partnership
with Surefitters, a leader in truck and van upfitting based in
Rosemount, MN. Through this partnership, Workhorse will offer a
range of upfit options for its medium-duty commercial EVs.
The upfit program with Surefitters offers a ship-thru solution
to commercial EV customers, ensuring fleet managers benefit from
streamlined quality control, consistent upfitting standards,
enhanced convenience, and volume discounts. The partnership
launched with 13 pre-configured upfit packages available to
Workhorse Dealers, specialized for last-mile delivery and
vocational trades for the W56 and W750 step vans. Additionally,
full-body packages from ToughLite, CM Truck Beds, and Rugby are
included for the W4 CC cab chassis. More options will be added
throughout the remainder of 2024 and beyond.
“We are excited to offer our commercial upfit packages for
purpose-built Workhorse EV chassis,” said Mark Holman, President of
Surefitters. “This partnership is a natural fit, resulting in
superior work-ready trucks for customers.”
Josh Anderson, Chief Technology Officer of Workhorse added: “The
partnership with Surefitters enables our vehicles to go to market
quickly with high-quality, turn-key packages put together by their
national network of expert upfitters.”
Workhorse commercial EVs are purpose-built for reliability and
performance, featuring advanced battery-electric technology for
zero-emission operation and customizable configurations for various
industry needs. The collaboration with Surefitters enhances
Workhorse's offering by streamlining the upfitting process,
ensuring consistent quality, and providing fleet managers with
efficient, turn-key solutions. To learn more about upfit packages
and get behind the wheel of a Workhorse vehicle visit
workhorse.com/request-demo.
About SurefittersSurefitters, based in
Rosemount, MN, is a leading provider of truck and van upfitting
solutions. With a focus on delivering high-quality, purpose-built
upfit packages, Surefitters serves a wide range of industries and
applications, ensuring that each vehicle is work-ready and tailored
to meet specific needs. For more information, visit surefitters.com
and toughlite.com.
About Workhorse Group Inc.Workhorse is a
technology company focused on providing ground-based electric
vehicles to the last-mile delivery sector. As an American original
equipment manufacturer, we design and build high performance,
battery-electric trucks. Workhorse also develops 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 Statements
The discussions in this press release contain forward-looking
statements reflecting our current expectations that involve risks
and uncertainties. These statements are made under the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. When used in this press release, the words
“anticipate,” “expect,” “plan,” “believe,” “seek,” “estimate” and
similar expressions are intended to identify forward-looking
statements. These are statements that relate to future periods and
include, but are not limited to, statements about the features,
benefits and performance of our products, our ability to introduce
new product offerings and increase revenue from existing products,
expected expenses including those related to selling and marketing,
product development and general and administrative, our beliefs
regarding the health and growth of the market for our products,
anticipated increase in our customer base, expansion of our
products functionalities, expected revenue levels and sources of
revenue, expected impact, if any, of legal proceedings, the
adequacy of our liquidity and capital resources, the likelihood of
us obtaining additional financing in the immediate future and the
expected terms of such financing, and expected growth in business.
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 in this
press release. Factors that could cause actual results to differ
materially include, but are not limited to: our ability to develop
and manufacture our new product portfolio, including the W4CC,
W750, W56 and WNext platforms; our ability to attract and retain
customers for our existing and new products; risks associated with
obtaining orders and executing upon such orders; the
unavailability, reduction, elimination or adverse application of
government subsidies and incentives or any failure by states or
other government entities to adopt or enforce regulations; supply
chain disruptions, including constraints on steel, semiconductors
and other material inputs and resulting cost increases impacting
our Company, our customers, our suppliers or the industry; our
ability to capitalize on opportunities to deliver products to meet
customer requirements; our limited operations and need to expand
and enhance elements of our production process to fulfill product
orders; our general inability to raise additional capital to fund
our operations and business plan; our ability to obtain financing
to meet our immediate liquidity needs and the potential costs,
dilution and restrictions imposed by any such financing; our
ability to regain compliance with the listing requirements of the
Nasdaq Capital Market and otherwise maintain the listing of our
securities thereon and the impact of any steps we take to regain
such compliance, such as a reverse split of our common stock, on
our operations, stock price and future access to liquidity; our
ability to protect our intellectual property; market acceptance for
our products; our ability to obtain sufficient liquidity from
operations and financing activities to continue as a going concern
and, our ability to control our expenses; the effectiveness of our
cost control measures and impact such measures could have on our
operations, including the effects of furloughing employees;
potential competition, including without limitation shifts in
technology; volatility in and deterioration of national and
international capital markets and economic conditions; global and
local business conditions; acts of war (including without
limitation the conflicts in Ukraine and Israel) and/or terrorism;
the prices being charged by our competitors; our inability to
retain key members of our management team; our inability to satisfy
our customer warranty claims; the outcome of any regulatory or
legal proceedings, including with Coulomb Solutions Inc.; our
ability to consummate and realize the benefits of a potential sale
and leaseback transaction of our Union City Facility; and other
risks and uncertainties and other factors discussed from time to
time in our filings with the Securities and Exchange Commission
(“SEC”), including under the “Risk Factors” sections of our filings
with the SEC, including our Annual Report on Form 10-K for the year
ended December 31, 2023. Forward-looking statements speak only as
of the date hereof. We expressly disclaim any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in our expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is based,
except as required by law.
Media Contact:Aaron Palash / Greg KlassenJoele
Frank, Wilkinson Brimmer Katcher212-355-4449
Investor Relations Contact:Matt Glover and Tom
ColtonGateway Group949-574-3860WKHS@gateway-grp.com
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