CINCINNATI, Feb. 24, 2021 (GLOBE NEWSWIRE) --
Workhorse Group Inc. (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, today provided an update related to its bid to participate in the United States Postal Service Next Generation Delivery Vehicle (“USPS NGDV”) program.
On February 23, 2021 the USPS issued a press release announcing that it has made an award under the NGDV contract to a competing finalist, the details of which can be found
here. After being informed of the USPS decision, the Company has requested, pursuant to the bid process rules, additional information from the USPS and is awaiting a response at this time. The Company intends to explore all avenues that are available to non-awarded finalists in a government bidding process. As further updates are provided, Workhorse intends to share that information through appropriate communications channels to the extent that the Company is permitted to do so.
Separately, on March 1 the Company will be holding a conference call to discuss its quarterly and year-end financial and operational results. Workhorse management will host the presentation, followed by a question and answer period. Interested parties are invited to attend the call, details for which can be found
here.