CINCINNATI, July 16, 2024’Workhorse Group Inc.(https://www.globenewswire.com/Tracker’data=W3UNAvHs6pwcT2OoD7F9FfiwVgPdstCNxGKmoBzJFBtayBJTs2Ch6gKMGv6s6k-fNS2vE1CFtzQcHK3-J8uMeKmKd1YmVhLnCOprnXPgCPSr06TSPc9t7-nXIcC_UgE_b__mwSN5tU8Izegri1ZG6M6KhxMciCsRfbRzqxaElTnybdh8yi96XDGB_TjbRxEM7Q94A8ezSnMgtJemieUJTgIDb465VRIOeEW6m2Ro1zQdpblN2poKiswge3Wbct0_g_5x9OuUbf-xxgSNdKbH6Q==(https://www.globenewswire.com/Tracker’data=JmWdUtGReWdLRBieFHfCd-9DUJmxAo064GFUlYabZ3v3FkC4ejA89QN3zRp1hpFd9hBZXQ03BbXUlO9rho879VseOFIuO7bWyXXkRxD0bRF2fez5Dv8jOreutkeRfj4leBlDNq04rwyoMBqFrziDJZulEtJ3UaysO1CvG75IWhjxRyDq-M8fQroGfzNWsOy4YAlAUhwPe0YvTFExJ6LVnYqRK_pBfpdXW8djkqSD_GHyrp85hJk7SeXRzJibE0Lw) (Nasdaq: WKHS(https://www.globenewswire.com/Tracker’data=JmWdUtGReWdLRBieFHfCd-9DUJmxAo064GFUlYabZ3v3FkC4ejA89QN3zRp1hpFd9hBZXQ03BbXUlO9rho879VseOFIuO7bWyXXkRxD0bRF2fez5Dv8jOreutkeRfj4leBlDNq04rwyoMBqFrziDJZulEtJ3UaysO1CvG75IWhjxRyDq-M8fQroGfzNWsOy4YAlAUhwPe0YvTFExJ6LVnYqRK_pBfpdXW8djkqSD_GHyrp85hJk7SeXRzJibE0Lw))a pioneering American technology company focused on zero-emission commercial vehiclestoday announced that it has been awarded a major contract by Sourcewell. This contract pertains to the procurement of Class 4-8 chassis and cabs alongside related equipment, accessories, and services.
This significant win will enable Workhorse not only to widen its reach but also to establish a stronger presence across various sectors including government, educational, and nonprofit entities, spanning all 50 states in the U.S. and Canada. The Sourcewell contract is a highly coveted recognition and procurement vehicle that simplifies the purchasing process for government and public agencies by providing pre-approved, competitively priced products and services.
The announcement comes during a period of substantial growth for the company. Revenue for Workhorse Group Inc. surged by an astounding 28,088.66% year-over-year, with a sequential revenue increase of 108.99%. The company’s robust performance underscores its critical role in promoting sustainable transportation solutions and demonstrates its potential for continuing to drive revolutionary changes in the commercial vehicle market.
“We are excited to have been awarded this Sourcewell contract, which validates our capabilities and allows us to further proliferate our zero-emission technologies. This is a huge step towards a greener future,” stated a representative from Workhorse. “We see this as a pivotal opportunity to collaborate with a diverse array of sectors that are increasingly interested in sustainable solutions.”
The contract win not only exemplifies the growing demand for zero-emission vehicles but also highlights Workhorse’s commitment to advancing environmentally friendly technologies. As more entities prioritize sustainability, Workhorse’s innovative solutions are well-positioned to meet these evolving needs effectively.
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