Workhorse usps11/9/2022 ![]() ![]() Forward-looking statements are statements that are not historical facts. 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. Private Securities Litigation Reform Act of 1995. These statements are made under the "safe harbor" provisions of the U.S. This press release includes forward-looking statements. All Workhorse vehicles are designed to make the movement of people and goods more efficient and less harmful to the environment. Workhorse also develops cloud-based, real-time telematics performance monitoring systems that are fully integrated with our vehicles and enable fleet operators to optimize energy and route efficiency. As an American original equipment manufacturer, Workhorse designs and builds high performance, battery-electric vehicles including trucks and aircraft. Workhorse, the industry leader in last-mile EV delivery, is a technology company focused on providing drone-integrated electric vehicles to the last mile delivery sector. The Company is unable to provide any further information with respect to this matter currently but will provide updates when appropriate and as permitted under its non-disclosure agreement as part of the USPS NGDV program. On MaWorkhorse met with USPS representatives to discuss the award and further specifics of the USPS selection process, the details of which cannot be disclosed at this time. After being informed of the USPS decision, the Company requested, pursuant to the bid process rules, additional information from the USPS. (NASDAQ: WKHS ) (“Workhorse ” or “the Company” ), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last mile delivery sector, announced today that it has filed a formal complaint with the United States Federal Court of Claims protesting the award of the United States Postal Service Next Generation Delivery Vehicle (“USPS NGDV”) contract to a competing finalist.Īs previously disclosed, on Februthe USPS issued a press release announcing that it had made an award under the NGDV contract, the details of which can be found here. WKHS stock is up 15.9% as of Wednesday afternoon but is also down 19.5% since the start of the year.CINCINNATI, J(GLOBE NEWSWIRE) - Workhorse Group Inc. This is a massive increase compared to the company’s daily average trading volume of about 4.6 million shares. With that comes heavy trading of about 15 million shares of WKHS stock. There’s no official word saying this is the case, but that isn’t stopping interest in WKHS stock from rising today. It seems news of the EV orders from USPS has investors hoping a deal with Workhorse may still be on the table. However, that opportunity never came to pass as the organization chose Oshkosh over it. It’s worth noting that Workhorse was previously seeking a contract to supply the USPS with EVs. ![]() Even so, WKSH stock is on the rise today. Instead, the USPS plans to get its new fleet of delivery vehicles from Oshkosh (NYSE: OSK). However, there’s no talk about it acquiring these EVs from Workhorse. ![]() This has is it looking to purchase 25,000 EVs, which is over twice what it was previously expecting. Postal Service (USPS) wants to buy more electric vehicles (EVs).Īccording to these reports, the USPS wants to replace its aging fleet of postal trucks with new ones from an EV company. Workhorse (NASDAQ: WKHS) stock is on the rise Wednesday as investors react to reports that the U.S. ![]()
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