Business
Workhorse Joins Small UAV Coalition as an Associate Member
CINCINNATI, May 7, 2020 /PRNewswire/ -- Workhorse Group Inc. (Nasdaq: WKHS) ("Workhorse" or "the Company"), an American technology company focused on
About this update from Workhorse Group, Inc.
[{"type":"text","content":"CINCINNATI, May 7, 2020 /PRNewswire/ -- Workhorse Group Inc. (Nasdaq: WKHS) (\"Workhorse\" or \"the Company\"), an American technology company focused on providing sustainable and cost-effective electric vehicles to the last mile delivery sector, has joined the Small UAV Coalition as an Associate member.\n\n \n \n \n \n \n \n\n \nThe Small UAV Coalition is a partnership whose Board members include Amazon Air, Wing, Intel, PrecisionHawk, and Verizon and other leading consumer and technology companies who believe that U.S. leadership in the research, development, production, and application of unmanned aerial systems (UAS) will benefit consumers in all walks of life. According to a Department of Transportation economic report regarding unmanned aerial systems, there are hundreds of potential use cases for the technology. As a group, the Small UAV Coalition supports and advocates for a range of law and policy changes that will not only embrace, but encourage, the growth of the UAV industry. \nWorkhorse CEO Duane Hughes stated, \"As a member of the Small UAV Coalition, it is our honor and privilege to work side by side with our country's leading technology companies. The Small UAV Coalition's leadership in the research, development, production and application of unmanned aerial systems offers true insight into our future.\" \nForward-Looking StatementsThis 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 potentia...