Workhorse is a technology company focused on providing drone-integrated electric vehicles to the last-mile delivery sector. We appreciate the support of the many private and public stakeholders who have expressed an interest in supporting us and will continue to share updates as we are able.” In the interim, we have retained the services of leading legal and corporate advisory firms, including Akin Gump Straus Hauer & Feld LLP and Mound Cotton Wollan & Greengrass LLP, to identify our options and pursue them effectively. “We will continue to follow the proper due course procedures as defined by the USPS and will also look to other options available to us. “Yesterday’s meeting with the USPS marked the first step in what we expect may be a prolonged process to explore our options and possibly pursue further action related to our NGDV bid,” said Workhorse CEO Duane Hughes. 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. 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.
#Workhorse ups contract update
(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 additional update related to its bid to participate in the United States Postal Service Next Generation Delivery Vehicle (“USPS NGDV”) program.Īs previously announced, on Februthe USPS issued a press release announcing that it had made an award under the NGDV contract to a competing finalist, the details of which can be found here. CINCINNATI, Ma(GLOBE NEWSWIRE) - Workhorse Group Inc.
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