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Workhorse Group Inc. (WKHS)

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Last Post: 3/22/2018 9:51:30 AM - Followers: 25 - Board type: Free - Posts Today: 1

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: Nation's First Electric Delivery Van, Developed by Workhorse, Coming to San Francisco 03/21/2018 10:01:00 AM
WKHS News: Annual Report (10-k) 03/14/2018 04:08:00 PM
WKHS News: Workhorse Receives Follow-On $7 Million Order for All-Electric Trucks 03/13/2018 08:00:00 AM
WKHS News: Workhorse Group Receives Notice of Allowance for HorseFly™ Truck Launched Drone Package Delivery System Patent 02/01/2018 08:00:00 AM
WKHS News: Kevin Vincent Joins Workhorse Group as Vice President of Government, Regulatory and Safety Affairs. 01/31/2018 08:00:00 AM
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#541   So we're supposed to be getting the results JFBroderick 03/22/18 09:51:30 AM
#540 JFBroderick 03/21/18 12:37:37 PM
#539   good revenue numbers here and the progress on uksausage 03/15/18 11:18:01 AM
#538   Workhorse Group (NASDAQ:WKHS): Q4 net loss of $12.5M JFBroderick 03/14/18 05:01:32 PM
#537   Well, what are we thinking?? Where does PPS GolfFishSurf 03/14/18 03:27:16 PM
#536   This Company has come across my radar several LessIsMore 03/13/18 08:29:46 AM
#535   Anybody interested/excited about the conference call on Wed.? GolfFishSurf 03/12/18 02:09:57 PM
#534   Question asked today at Yahoo Message Board for busterator 03/07/18 05:49:55 PM
#533   they are spinning the otocoptor off into a uksausage 03/06/18 11:12:00 AM
#532   Agreed. I’m disappointed about the octocopter, but trustbutverifyit 03/06/18 10:48:03 AM
#531   That just makes no sense at all. JFBroderick 03/06/18 10:44:06 AM
#530   I received a note from Tom Colton today trustbutverifyit 02/28/18 08:11:16 PM
#529   Independent Financial Analysis out today via Globe Newswire/Yahoo trustbutverifyit 02/28/18 10:36:03 AM
#528   I didn't get a response on Friday; I trustbutverifyit 02/28/18 10:34:35 AM
#527   Hey there. Did you ever contact IR? JFBroderick 02/27/18 11:23:25 AM
#526   Hit 3.25 after market. JFBroderick 02/22/18 05:56:00 PM
#525   I know, right? USPS deal = holding JFBroderick 02/22/18 04:03:17 PM
#524   Wow did we really hit $3.70 in the RallyTheMarket 02/22/18 03:00:08 PM
#523   from what we know the following is the uksausage 02/22/18 11:31:33 AM
#522   The PR was severely lacking in the details department... JFBroderick 02/22/18 11:25:36 AM
#521   Hmm wonder if these will be battery only or uksausage 02/22/18 10:47:54 AM
#520   Great news- I bet more will be coming trustbutverifyit 02/22/18 09:31:05 AM
#519   Now we just need the announcement of copter JFBroderick 02/22/18 09:29:19 AM
#518   Workhorse Group Shares Jump on UPS Partnership -- JFBroderick 02/22/18 09:23:59 AM
#517   Finally!!!! Wowza!! trustbutverifyit 02/22/18 09:22:46 AM
#516   Definitely news. 234,000 shares traded already!!! JFBroderick 02/22/18 09:21:45 AM
#515   Hopefully news will be forthcoming today! trustbutverifyit 02/22/18 09:20:34 AM
#514   Excuse my French but holy s**t where is JFBroderick 02/22/18 09:18:59 AM
#513   Agreed- push back badly needed on this one. trustbutverifyit 02/22/18 07:17:27 AM
#512   Constant bad press and no push back from JFBroderick 02/22/18 07:15:06 AM
#511   On 2/12 they posted this on Twitter regarding SureFly: trustbutverifyit 02/21/18 04:47:46 PM
#510   Their current airworthiness certificate expires on 2/28/2018. JFBroderick 02/21/18 01:43:11 PM
#509   I’ve been in since I saw the Octocopter trustbutverifyit 02/15/18 01:54:54 PM
#508   Quite a bit of skin in the game. JFBroderick 02/15/18 12:03:41 PM
#507   Maybe the author got "persuaded" by a competitor GolfFishSurf 02/13/18 01:23:57 PM
#506   USPS's Latest Billion Dollar Boondoggle JFBroderick 02/13/18 01:00:38 PM
#505   Would like to hear something from the company. JFBroderick 02/13/18 11:12:13 AM
#504   I don't know but it would have been GolfFishSurf 02/12/18 06:40:25 PM
#503   How in the world are premarket buys coming JFBroderick 02/12/18 07:38:10 AM
#502   No news since Feb 1 drone truck allowance. trustbutverifyit 02/09/18 05:24:25 PM
#501   This board is like a ghost town now........ GolfFishSurf 02/09/18 04:44:33 PM
#500   So they missed their date and now shareholder JFBroderick 02/01/18 10:54:00 AM
#499   Sure was ,full Sto is showing overbought but rattlewatch 01/30/18 06:54:30 AM
#498   Quite the pullback this morning. I think JFBroderick 01/29/18 11:00:00 AM
#497   looking very strong here JFBroderick 01/26/18 01:47:23 PM
#496   Looked good again today, daily chart still has rattlewatch 01/25/18 05:51:01 PM
#495   3.28 premarket JFBroderick 01/25/18 08:19:25 AM
#494   Fantastic action today with little to no pullback. JFBroderick 01/24/18 05:39:53 PM
#493   On yesterdays CC Wkhs stated $9mm in signed rattlewatch 01/24/18 07:28:51 AM
#492   Item 7.01. Regulation FD Disclosure On January 23, 2018, Workhorse JFBroderick 01/24/18 06:22:12 AM