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Workhorse Group Inc. (WKHS)

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Last Post: 9/20/2017 12:27:37 PM - Followers: 28 - Board type: Free - Posts Today: 5

Workhorse Group Inc. designs, manufactures, and builds battery-electric vehicles and aircraft in the United States. It operates through two divisions, Automotive and Aviation. The company also develops cloud-based and real-time telematics performance monitoring system that enables fleet operators to optimize energy and route efficiency. Its products include medium duty step vans, light duty pickups, delivery drones, and manned multicopters. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio.

AMP Electric Vehicles was established in 2007 as a developmental-stage vehicle electrification company. We first experimented with adding battery-electric power to two-seat roadsters. 

In 2009/2010, Progressive Insurance sponsored a rigorous nation-wide competition for clean, “production-capable” vehicles. Our 100% electric GM Sky was the only mass-produced vehicle in the competition. All other vehicles were primarily prototypes or concept vehicles not suitable for driving on public roads. We were one of eight finalists in the Side-by-Side seating category. Our Sky achieved four times the fuel efficiency of an internal combustion equivalent with zero emissions (96 MPGe vs.19/24 city/highway for ICE version). 

We followed the electrification of the Sky Roadster with the design and implementation of systems capable of powering larger vehicles. This led to the creation of electrification packages for the Chevrolet Equinox SUV, the Jeep Grand Cherokee and the Mercedes Benz ML350. These development activities resulted in the successful execution of the concept for SUVs. 

AMP Electric Vehicles went public in 2010 trading on the OTC market under the AMPD symbol. When the economic benefits of conversion became less certain, we pivoted away from passenger vehicles and began to focus on electrifying commercial vehicles. This led to a development agreement with Navistar, a major U.S. truck OEM. Under the development agreement, the initial project was to re-power a 1,000 cubic foot delivery van. 

The first vehicle was delivered to them in August of 2012 and successfully passed Navistar’s requirements and performance test. Navistar’s top management changed at precisely the same time the project vehicle passed its performance test and Navistar tabled the electrification project. They did however, introduce us to their client and AMP began to work directly with the end-user. As part of the end-user’s requirement, the battery-electric test truck successfully passed a 4,000-mile durability test at TRC, Inc.’s automotive test facility in East Liberty, OH. 

AMP acquired the Workhorse brand and the Workhorse Custom Chassis assembly plant in Union City, IN in March of 2015. The asset acquisition made the company an OEM and enables the company to manufacture new, medium-duty truck chassis in the 14,500 to 23,500 GVW class. 

In addition to the plant assets, our exclusive arrangement with UpTime Parts, Inc. for logistical and spare parts support and our 400+ network of dealers provides AMP with unequaled nationwide support for our vehicles. 

In March of 2015, AMP formally changed its name to Workhorse Group Incorporated (NASDAQ: WKHS).


***Latest News***

Workhorse to Exhibit W-15 Electric Pickup Truck at the National Drive Electric Week™ Event in Cincinnati Sept. 9

PR NewswireSeptember 6, 2017

CINCINNATI, Sept. 6, 2017 /PRNewswire/ -- Workhorse Group Inc. (WKHS), a Cincinnati-based technology company focused on providing electric mobility solutions to the transportation sector, today announced that it will exhibit the new W-15 electric range-extended pickup truck at the National Drive Electric Week™ event at Cincinnati's Tri-County Mall on September 9. The truck will be on display and available for test drives from 10:00 a.m. to 3:00 p.m.

TM4 receives follow-on order from Workhorse for more than 500 SUMO powertrain systems

PR NewswireAugust 22, 2017

BOUCHERVILLE, QC, Aug. 22, 2017 /PRNewswire/ - TM4 Inc. today announced that it has received a new purchase order from Workhorse Group Inc. (NASDAQ: WKHS) that covers the supply of SUMOTM MD powertrain systems for the E-GEN battery-electric extended range and E-100 all-electric delivery truck platforms. Following last year's supply of 150 systems, this order will fulfill Workhorse's near-term powertrain requirements for the supply of more than 500 of E-GEN and E-100 delivery trucks to customers, which include UPS, FedEx Express and through Workhorse's channel partner Ryder Inc.

To view all news, please CLICK HERE


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WKHS News: Workhorse HorseFly™ Drone Package Delivery System Stars in Featured Live Demo Event at PACK EXPO 10:06 AM
WKHS News: Workhorse Group CEO to Speak at Cowen's 2nd Annual Industrial Innovation and Technology Summit 09/19/2017 09:51:00 AM
WKHS News: Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) 09/14/2017 05:25:39 PM
WKHS News: Current Report Filing (8-k) 09/14/2017 09:31:08 AM
WKHS News: Workhorse Announces Pricing of $12 Million Public Offering of Common Stock and Warrants 09/14/2017 09:30:00 AM
News News Alert: Workhorse HorseFly™ Drone Package Delivery System Stars in Featured Live Demo Event at PACK EXPO 09/20/2017 10:06:00 AM
#361   do you mean UPS or USPS? uksausage 09/20/17 12:27:37 PM
#360   Workhorse HorseFly™ Drone Package Delivery System Stars in JFBroderick 09/20/17 11:41:36 AM
#359   I hate to see this in a slump JFBroderick 09/20/17 11:40:31 AM
#358   Had a convo with CFO yesterday. He's JFBroderick 09/20/17 11:35:48 AM
#357   this company has either idiots running it, -BOOM- 09/20/17 09:53:48 AM
#356   accumulation is good -BOOM- 09/18/17 02:07:34 PM
#355   Almost the same action as Friday. How JFBroderick 09/18/17 12:09:14 PM
#354   lots of nervous traders/investors selling and buying back.. -BOOM- 09/15/17 02:15:04 PM
#353   Not so sure how so many shares are JFBroderick 09/15/17 01:32:52 PM
#352   me too -BOOM- 09/15/17 11:59:10 AM
#351   They will buy back by EOD. The JFBroderick 09/15/17 11:45:56 AM
#350   very tight range today high of 2.83 low -BOOM- 09/15/17 11:37:33 AM
#349   I'm traveling at the moment. What's on JFBroderick 09/15/17 11:26:25 AM
#348   I did. I'm guessing we see a JFBroderick 09/15/17 11:19:30 AM
#347   i added 5k more too... its only money lol -BOOM- 09/15/17 10:38:10 AM
#346   Adding. $$! JFBroderick 09/15/17 10:33:17 AM
#345   bottom is in imo -BOOM- 09/15/17 10:14:45 AM
#344   Did you see the news about the warrants? FUSE 09/15/17 10:02:24 AM
#343   71,000 shares on his at 2.78 JFBroderick 09/15/17 09:47:02 AM
#342   i pretty much doubled up... i think in -BOOM- 09/14/17 02:25:02 PM
#341   That makes sense. I'm only down about JFBroderick 09/14/17 02:06:49 PM
#340   keep us posted please!! -BOOM- 09/14/17 02:04:32 PM
#339   Yea. They definitely didn't do this the JFBroderick 09/14/17 01:36:48 PM
#338   So this run was to sell shares ouch. Rogerthat1 09/14/17 01:06:28 PM
#337   i cant see how if they have an -BOOM- 09/14/17 01:01:39 PM
#336   I'm already 20 into it and am definitely JFBroderick 09/14/17 12:53:25 PM
#335   i just added a boatload this is ridiculous -BOOM- 09/14/17 12:39:56 PM
#334   well the exercise pps is $3.80 so thats -BOOM- 09/14/17 11:15:00 AM
#333   Wow, this is crazy. JFBroderick 09/14/17 10:06:36 AM
#332   Yikes. What in the world is up JFBroderick 09/14/17 09:39:15 AM
#331   Nice work! FUSE 09/13/17 12:17:22 PM
#330   Then 10.00 starkd748 09/12/17 03:50:23 PM
#329   looks good. $5 coming imo -BOOM- 09/12/17 01:55:57 PM
#328   Spruced up the ibox a bit. Gotta JFBroderick 09/12/17 11:16:54 AM
#327   Agreed! FUSE 09/11/17 10:50:19 AM
#326   +$4.97% JFBroderick 09/08/17 10:48:07 AM
#325   Burn shorty!! lol -BOOM- 09/07/17 05:25:48 PM
#324   nice action today on low vol JFBroderick 09/07/17 12:23:35 PM
#323   YOU DON'T HAVE TO WAIT FOR TESLA TO JFBroderick 09/06/17 09:45:28 AM
#322   Me too ha FUSE 09/05/17 02:50:35 PM
#321   I've heard of "charging like a bull" but JFBroderick 09/05/17 02:26:08 PM
#320   Workhorse needs to start tugging like a bull. LOL FUSE 09/05/17 09:25:44 AM
#319   Or a sell off prior to the long JFBroderick 09/04/17 09:41:35 AM
#318   I think it's shorts man. There was a RallyTheMarket 09/01/17 03:42:42 PM
#317   yeah now but earlier it was down like -BOOM- 09/01/17 03:06:46 PM
#316   The vol actually appears to be fairly average JFBroderick 09/01/17 01:20:03 PM
#315   i was just gonna ask the same thing. -BOOM- 09/01/17 12:24:17 PM
#314   I'm wondering what's up with the bloodbath today....hmmm JFBroderick 09/01/17 12:20:09 PM
#313   we're all gonna be BaZillionAires!! -BOOM- 08/30/17 02:57:16 PM
#312   Have you looked at the 1 month chart? JFBroderick 08/30/17 10:17:23 AM