$WKHS to Attend U.S. Department of Transportation 50th Anniversary Ceremony

CINCINNATI, March 29, 2017  — Workhorse Group Inc. (NASDAQ: WKHS), an American technology company focused on providing sustainable and cost-effective solutions to the commercial transportation sector, will attend the U.S. Department of Transportation Welcoming Ceremony and Open House in honor of Secretary Elaine L. Chao and the 50^th Anniversary of the Department on Wednesday, March 29, 2017.

“As an innovator in the transportation industry, Workhorse is honored to participate in the celebration of the Department of Transportation’s 50^th birthday,” said Steve Burns, CEO of Workhorse. “Over the course of its history, the department has played a key role in moving the transportation industry forward and creating an environment where efficiency, safety and reliability are priorities, just as they are for Workhorse.”

As part of a presentation on the history of transportation to celebrate the 50^th anniversary, Workhorse will display its E-GEN electric step van and HorseFly autonomous drone delivery system at the entrance to the Department of Transportation (DOT) at 1200 New Jersey Ave SE, Washington D.C., 20590 from 9 a.m. to 5 p.m.

The electric step vans achieve 30+ miles per gallon equivalent (MPGe) during stop-and-go delivery routes. This electric step van is up to six times as efficient as diesel- or gasoline-powered medium-duty trucks, which typically generate 5-8 miles per gallon. Lower fuel and maintenance costs add up to an estimated $165,000 in total cost-of-ownership savings over 25 years compared to traditional delivery trucks.

The Workhorse HorseFly van-mounted drone has been making successful test deliveries in the United States. The drone is designed to ride on the roof of an electric step van and be an adjunct delivery tool to a driver’s existing delivery methods.

About Workhorse Group Inc.
Workhorse is a technology company focused on providing sustainable and cost-effective solutions to the commercial transportation sector. As an American original equipment manufacturer, we design and build high performance battery-electric vehicles including trucks and aircraft. We also develop 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. All Workhorse vehicles are designed to make the movement of people and goods more efficient and less harmful to the environment.

Forward-Looking Statements
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