CINCINNATI, Dec. 18, 2018 /PRNewswire/ -- Workhorse Group Inc. (NASDAQ: WKHS) announced today that it will exhibit its SureFly eVTOL (electric vertical takeoff & landing) octocopter on the main floor of the 2019 Detroit Auto Show, aka the North American International Auto Show, January 14-17th. Workhorse's SureFly eVTOL personal air vehicle is a revolutionary design, resembling a large drone that carries humans or cargo.
SureFly is being developed for various markets/applications, including: first/emergency responders, urban air mobility/commuting, military, agriculture, cargo carrier, and more. SureFly has entered into the type certification process with the FAA.
The SureFly is a two-seat hybrid eVTOL multi-copter aircraft developed using Workhorses' hybrid technology. It is designed to carry up to 550 pounds of payload approximately 75 miles at a speed of about 70 miles per hour, day or night. It has been designed to create a new type of aircraft that is easy to operate, safe to fly and is moderately priced, relative to a conventional helicopter.
Steve Burns, Workhorse CEO, commented, "Given that many people think of eVTOLs as flying cars, we thought it would be a great opportunity to show off SureFly at NAIAS."
About Workhorse Group Inc.
Workhorse is an American technology company focused on changing the way the world works by providing sustainable and cost-effective transportation solutions. As an original equipment manufacturer, Workhorse designs and builds high performance battery-electric vehicles, including trucks, aircraft and drones. They also develop cloud-based, real-time telematics performance monitoring systems that are fully integrated with their vehicles to 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 Statement
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.
Workhorse Contact:
Ryan Hallett
212-546-2598
ryan.hallett@grey.com
Investor Relations Contact:
Matt Glover and Tom Colton
Liolios
949-574-3860
WKHS@liolios.com
SOURCE Workhorse Group Inc.
