CINCINNATI, April 28, 2016 (GLOBE NEWSWIRE) -- Steve Burns, CEO of Workhorse Group Inc. (NASDAQ:WKHS), a last-mile delivery technology company that is an original equipment manufacturer of medium-duty, battery-electric trucks and fully integrated unmanned aerial delivery drones, will give a presentation on the Company’s technology at the 2016 Advanced Clean Transportation (ACT) Expo in the Grand Ballroom of the Long Beach Convention Center in Long Beach, CA on May 3.
During his presentation, titled “Truck-Based Drone Delivery for the Last Mile,” Mr. Burns will speak about the design efficiencies of the Workhorse E-GEN™ electric truck. He will also discuss the economic efficiencies and state-of-the-art technology involved in the Company’s truck-based HorseFly™ Unmanned Aerial Vehicle (UAV) delivery system, which is currently undergoing testing by Workhorse under a Section 333 exception granted by the Federal Aviation Administration.
Mr. Burns’ presentation is one of a series of ACT Talks, which are short individual presentations that shine a light on key leaders driving innovation in the advanced transportation industry. Each of these trailblazers has charted a new course in their respective fields of advanced vehicle technologies across sectors, fuels, and end-use applications. They will provide insight into the current state of advanced clean transportation technologies and fuels in real-world applications, as well as their vision for the future.
Additionally, the Company will be exhibiting in Booth #1745 during the show, which will feature a Workhorse E-GEN™ electric truck chassis and a HorseFly drone.
ACT Expo is North America’s largest clean vehicle event, representing all weight classes and alternative fuels—including electric, hybrid, hydrogen, natural gas, propane autogas, renewable fuels and advanced technologies.
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 Section 333-exempt unmanned aerial systems (UAS) delivery drones. The company is also a developer of a cloud-based, real-time telematics performance monitoring system that tracks and displays the performance analytics and location of each Workhorse vehicle. 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.