Workhorse Group Expands Dealer Network with Addition of Ziegler Truck Group
2024年4月10日 - 9:30PM
Workhorse Group Inc. (Nasdaq:
WKHS) (“Workhorse” or “the
Company”), an American technology company focused on
pioneering the transition to zero-emission commercial vehicles,
today announced it has added
Ziegler Truck Group
to its network of dealers, bringing the Company’s total dealer
count to 11 partners nationwide.
Ziegler Truck Group has locations in Minnesota, Iowa, and
Wisconsin, expanding Workhorse’s dealer network across the Midwest
region. With a 110-year legacy of selling and servicing the premier
brands in construction, energy, and agriculture equipment, Ziegler
Truck Group brings vast knowledge, advanced infrastructure, and
expertise to the zero-emission vehicle space.
“The expansion of our dealer network to the Upper Midwest, and
now to eleven partners nationwide, demonstrates Workhorse’s
continued progress as we increase production and sales across the
country,” said Workhorse CEO Rick Dauch. “We are pleased to partner
with Ziegler Truck Group to meet the growing needs of customers as
EV adoption continues to grow.”
“We're building a portfolio of zero-emission vehicles to help
our customers seamlessly navigate the transition of their fleet,"
said Johannes Ariens, Ziegler Truck Group. “Our customers are
ready to explore, test, and pilot vehicles, and with Workhorse,
we're able to get them on the road to zero emissions faster, backed
by the support and stability of Ziegler Truck Group.”
About Ziegler Truck GroupZiegler Truck Group
(ZTG) is the trusted partner on the road to zero emissions backed
by innovative energy solutions that remove traditional roadblocks
to getting there. We provide a comprehensive solution customized to
the needs of our customers—including a portfolio of zero-emissions
vehicles, access to flexible charging options, and a team of
specialists ready to help accelerate the transition. Ziegler Truck
Group is an independent entity as part of the Ziegler Companies
portfolio. Visit ZieglerTruck.com.
About Workhorse Group Workhorse is a technology
company focused on providing ground and air-based electric vehicles
to the last-mile delivery sector. As an American original equipment
manufacturer, we design and build high performance,
battery-electric trucks and drones. 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 StatementsThe 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 Report, 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 Report. 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 W4 CC, W750, W56 and WNext programs; 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, incentives and 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; 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; 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” section of our quarterly reports
on Forms 10-K and 10-Q filed with the SEC. 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
Workhorse (NASDAQ:WKHS)
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