CINCINNATI, May 18, 2016 (GLOBE NEWSWIRE) -- Alpha Baking Company, Inc. of Chicago will showcase its Workhorse E-GEN™ range extended electric truck to represent its sustainability initiatives at the 5th Annual Green Drive$ Conference and Expo at the Northern Illinois University Conference Center in Naperville, IL on Thursday, May 19.
Alpha Baking purchased the E-GEN electric truck from Workhorse Group Inc. (NASDAQ:WKHS), a last-mile delivery technology company and an original equipment manufacturer of medium-duty, battery-electric trucks.
Robert McGuire, Vice President and Director of Logistics at Alpha Baking Company, will speak during the conference at a breakout session titled “Commercial Fleet Success Stories.” A pioneer in the use of alternative energy in the baking industry, Mr. McGuire has been vital to the development of Alpha Baking’s alternative energy strategy.
“We have found that the right approach is the employment of a number of different alternative energy sources, utilizing each where it makes the most sense,” Mr. McGuire said. “Our new Workhorse electric trucks are an exciting and essential piece of our alternative energy fleet.”
Representatives from Workhorse Group will be in attendance to support Mr. McGuire and Alpha Baking.
“Alpha Baking Company’s interest in our Workhorse E-GEN truck demonstrates its value as a delivery vehicle in many types of traditional industries, not just parcel delivery,” said Steve Burns, CEO of Workhorse Group. “We believe the truck’s versatility and specific advantages may help attract additional potential customers with a wide variety of transportation and delivery needs.”
Hosted by the Lake Michigan Clean Cities Consortium, the conference is designed to teach ways to improve fleet fuel efficiency, reduce harmful emissions by using cleaner alternative fuels and technologies, and save money.
The Workhorse E-GEN truck is the first of its kind: purpose-built for the product and package delivery vehicle market, it offers up to four times the miles per gallon than typical gasoline-powered delivery trucks in use today. The E-GEN power train is unique in that it employs a 2200 nm permanent magnet motor for propulsion plus a compact, quiet-running internal combustion engine that turns the small generator coupled directly to the internal combustion engine (ICE).
About Workhorse Group Inc.
Workhorse Group Inc. is a U.S.-based original equipment manufacturer of medium-duty, EPA-approved battery-electric delivery vehicles and fully integrated truck-launched, FAA Section 333-exempt unmanned aerial systems (UAS) delivery drones. The company is also a developer of a cloud-based, real-time telematics performance monitoring system that provides fleet operators ultimate energy and rote efficiency. For additional information visit www.workhorse.com.
Forward-Looking Statements
This press release includes forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. 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. Forward-looking statements are statements that are not historical facts. Such 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 need to expand in the near future to fulfill product orders; risks associated with obtaining orders and executing upon such orders; the ability to protect our intellectual property; 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 inability to maintain our listing of our securities on the Nasdaq Capital Market; our ability to continue as a going concern; 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 SEC. 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.