Amerit and Workhorse announce – GuruFocus.com

WALNUT CREEK, Calif., May 10, 2022 (GLOBE NEWSWIRE) — Amerit Fleet Solutions, a provider of customized fleet maintenance and repair programs nationwide, and Workhorse Group Inc. ( WKHS) (“Workhorse” or “the Company”)an American technology company focused on providing durable and cost-effective drone-integrated electric vehicles to the last-mile delivery industry, today announced that it has finalized a purchase order for 10 battery-electric vehicles to be added to Amerit’s fleet of EVolution Mobile Service Centers across California.

All-electric and emission-free, the EVolution Mobile Service Center (MSC) enables Amerit technicians to service and repair electric vehicles, charging equipment and ICE side-by-side vehicles. The EVolution’s battery power is designed to withstand a full day’s work, powering all tools and equipment, and getting the technician home safely at the end of the day.

Another capability of the EVolution MSC is its ability to perform rescue missions. Relying on its own on-board batteries, the EVolution can provide 5-10 miles of charge to a disabled electric vehicle, allowing the vehicle to be driven to a charging station or returned to the fleet location.

“We are delighted to have secured this purchase order from Workhorse,” said Amerit CEO Dan Williams. “The addition of these units across California demonstrates our commitment to lead the industry in providing maintenance and support services to fleets adopting electric vehicles while meeting our own GHG emission reduction goals in the years coming.”

“We are proud that Amerit has chosen our W4 CC Class 4 product as the foundation for its Evolution service centers in California,” said Rick Dauch, CEO of Workhorse. “Amerit has a clear vision of how they will achieve their internal GHG goals and how they will evolve to become a leading service provider for electric vehicles, and we appreciate having them both as long-term customer and EV maintenance partner as they pursue their impressive targets.

Amerit and Workhorse will be attending and exhibiting at the annual ACT Expo in Long Beach, CA this week. The Expo will be held May 9-12 at the Long Beach Convention Center. Amerit will be located at booth #529 and Workhorse at booth #1936.

About Amerit Fleet Solutions
Amerit’s team of fleet maintenance professionals leverage nationwide infrastructure and expertise in ICE, power and alternative fuel to deliver tailored maintenance programs to fleets at national scale. Our team of highly skilled and certified technicians provide maintenance and repair services to over 165,000 vehicles today, improving fleet uptime, safety and reliability. Amerit’s comprehensive and innovative service solutions, combined with a personalized approach focused on the core values ​​of partnership and integrity, provide peace of mind to customers while keeping their assets on the road, across the country. For more information, please visit ameritfleetsolutions.com.

About Workhorse Group Inc.
Workhorse is a technology company focused on providing drone-integrated electric vehicles to the last-mile delivery industry. As an American original equipment manufacturer, we design and build high-performance battery electric vehicles, including trucks and airplanes. Workhorse also develops cloud-based, real-time telematics performance monitoring systems that are fully integrated into our vehicles and enable fleet operators to optimize fuel 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 more information, visit workhorse.com.

Forward-looking statements
This press release contains forward-looking statements. These statements are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “believes”, “expects”, “anticipates”, “estimates”, “plans”, “should”, “seeks”, “future”, “continues”, or the negative of these terms, or any other comparable terminology. Forward-looking statements are statements that are not historical facts. These 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 the need to expand in the near future to meet product orders; the risks associated with obtaining orders and executing those orders; the ability to protect our intellectual property; adverse impacts arising from the continuation of the COVID-19 pandemic; 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 failure to comply with the covenants of our financing agreements; our inability to maintain the listing of our securities on the Nasdaq Capital Market; our inability to satisfy our customers’ warranty claims; 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 DRY. 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.

Amerite Media Contact:

Karen Vinton
Amerit Fleet Solutions
415-755-3302
[email protected]

Workhorse Media Contact:

Derek Torres
Director, Channel Management
386-299-4286
[email protected]

Workhorse Investor Relations Contact:

Matt Glover and Tom Colton
Investor Relations Gateway
949-574-3860
[email protected]


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