Workhorse Secures GSA Contract, Expanding Access to its Zero-Emission Vehicles for Government and Public Sector Fleets
Workhorse Group (Nasdaq: WKHS) has been awarded a General Services Administration (GSA) Government Fleet Contract through Colonial Fleet Electrification. The contract (GS-30F-RA005) under SIN 493E enables federal agencies to purchase Workhorse's W56 platform electric vehicles through GSAFleet.gov. The approval follows a comprehensive review of Workhorse's Union City, Indiana facility.
The company has also expanded its cooperative purchasing network through partnerships with Sourcewell, Florida Sheriff's Association Purchasing Program, OMNIA Partners, and PASSPort, making its vehicles more accessible to public sector fleets nationwide.
Workhorse Group (Nasdaq: WKHS) ha ottenuto un contratto per flotte governative dalla General Services Administration (GSA) tramite Colonial Fleet Electrification. Il contratto (GS-30F-RA005) sotto SIN 493E consente alle agenzie federali di acquistare i veicoli elettrici della piattaforma W56 di Workhorse attraverso GSAFleet.gov. L'approvazione è seguita a un'analisi approfondita dello stabilimento di Workhorse a Union City, Indiana.
La compagnia ha anche ampliato la sua rete di acquisto cooperativo attraverso partnership con Sourcewell, il Programma di Acquisto dell'Associazione degli Sceriffi della Florida, OMNIA Partners e PASSPort, rendendo i suoi veicoli più accessibili alle flotte del settore pubblico in tutto il paese.
Workhorse Group (Nasdaq: WKHS) ha sido adjudicado un contrato para flotas gubernamentales de la Administración de Servicios Generales (GSA) a través de Colonial Fleet Electrification. El contrato (GS-30F-RA005) bajo SIN 493E permite a las agencias federales adquirir vehículos eléctricos de la plataforma W56 de Workhorse a través de GSAFleet.gov. La aprobación siguió a una revisión exhaustiva de la instalación de Workhorse en Union City, Indiana.
La empresa también ha ampliado su red de compras cooperativas a través de asociaciones con Sourcewell, el Programa de Compras de la Asociación de Sheriffs de Florida, OMNIA Partners y PASSPort, lo que hace que sus vehículos sean más accesibles para las flotas del sector público en todo el país.
워크호스 그룹 (Nasdaq: WKHS)이 콜로니얼 플릿 일렉트리피케이션을 통해 일반 서비스 관리청(GSA) 정부 플릿 계약을 체결했습니다. 이 계약(GS-30F-RA005)은 SIN 493E에 따라 연방 기관이 GSAFleet.gov를 통해 워크호스의 W56 플랫폼 전기 차량을 구매할 수 있도록 합니다. 승인은 인디애나주 유니온 시티에 있는 워크호스의 시설에 대한 종합적인 검토를 거쳐 이루어졌습니다.
또한 이 회사는 소스웰, 플로리다 보안관 협회 구매 프로그램, OMNIA 파트너스 및 PASSPort와의 파트너십을 통해 협력 구매 네트워크를 확장하여 공공 부문 플릿에 차량을 보다 쉽게 접근할 수 있도록 하고 있습니다.
Workhorse Group (Nasdaq: WKHS) a obtenu un contrat de flotte gouvernementale auprès de la General Services Administration (GSA) via Colonial Fleet Electrification. Le contrat (GS-30F-RA005) sous SIN 493E permet aux agences fédérales d'acheter des véhicules électriques de la plateforme W56 de Workhorse via GSAFleet.gov. L'approbation fait suite à un examen approfondi des installations de Workhorse à Union City, Indiana.
L'entreprise a également élargi son réseau d'achats coopératifs grâce à des partenariats avec Sourcewell, le Programme d'Achat de l'Association des Shérifs de Floride, OMNIA Partners et PASSPort, rendant ses véhicules plus accessibles pour les flottes du secteur public à l'échelle nationale.
Workhorse Group (Nasdaq: WKHS) hat über die Colonial Fleet Electrification einen General Services Administration (GSA) Regierungsflottenvertrag erhalten. Der Vertrag (GS-30F-RA005) unter SIN 493E ermöglicht es Bundesbehörden, die Elektrofahrzeuge der W56-Plattform von Workhorse über GSAFleet.gov zu erwerben. Die Genehmigung folgte einer umfassenden Überprüfung des Werks von Workhorse in Union City, Indiana.
Das Unternehmen hat außerdem sein Netzwerk für gemeinsames Einkaufen durch Partnerschaften mit Sourcewell, dem Einkaufsprogramm der Florida Sheriff Association, OMNIA Partners und PASSPort erweitert, wodurch seine Fahrzeuge für öffentliche Flotten im ganzen Land leichter zugänglich werden.
- Secured GSA contract enabling access to federal government procurement
- Expanded market access through multiple cooperative purchasing agreements
- Successfully passed comprehensive facility and production capability review
- None.
Insights
The GSA contract award represents a significant milestone for Workhorse's market access strategy. This certification opens doors to a vast federal procurement market, streamlining the purchasing process for government agencies. Combined with existing partnerships through Sourcewell, Florida Sheriff's Association, OMNIA Partners and PASSPort, Workhorse has built a comprehensive public sector sales network.
However, investors should note that while this expands potential sales channels, it doesn't guarantee immediate revenue growth. Government procurement cycles are typically lengthy and contract awards don't automatically translate to purchase orders. The company's small market cap of
CINCINNATI, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced that it has been added to the GSA Schedule by being awarded a General Services Administration (GSA) Government Fleet Contract through its dealer, Colonial Fleet Electrification. This milestone allows federal government agencies to streamline procurement of Workhorse's American-made electric commercial vehicles in the W56 platform, enhancing their access to reliable, efficient, transportation solutions from American companies.
The GSA contract, GS-30F-RA005, is listed under Special Item Number (SIN) 493E, making Workhorse vehicles readily available for agencies with access to the GSAFleet.gov platform. This designation follows a comprehensive review of Workhorse’s production capabilities, quality systems, testing and inspection processes, and the manufacturing standards at the Company’s Union City, Indiana facility, known as the Workhorse Ranch.
“Securing a GSA contract is a major milestone that underscores our ability to meet the needs of government fleets with robust, reliable, and durable commercial electric vehicles while also reinforcing the strength of our company and products,” said Ryan Gaul, Workhorse President, Commercial Vehicles. “This contract empowers us to provide government agencies that may choose to purchase our products with the vehicles they need to achieve their operational goals through the purchase of our vehicles, which we proudly design and manufacture in the heartland of America, to achieve their operational goals.”
Expanding Cooperative Purchasing Opportunities
Workhorse’s addition to the GSA Schedule complements the Company’s growing network of cooperative purchasing agreements, making its vehicles more accessible to public sector fleets across the United States. These partnerships include:
- Sourcewell: A nationwide cooperative purchasing program supporting municipalities, school districts, and non-profits.
- Florida Sheriff's Association Purchasing Program: Serving police departments and municipal fleets in Florida and across the United States.
- OMNIA Partners: Offering vehicle procurement through Workhorse’s lending partner Doering Fleet Management.
- PASSPort: The City of New York's end-to-end digital procurement platform, providing vehicles through Workhorse’s dealer Burr Truck.
With growing availability on purchasing platforms, Workhorse is accelerating the adoption of commercial electric vehicles, providing public sector fleets with reliable solutions to achieve zero-emission goals while simplifying the transition to sustainable transportation.
For more information on Workhorse’s government and cooperative purchasing options, visit https://workhorse.com/purchasing-contracts/.
About Workhorse Group Inc.
Workhorse is a technology company focused on providing ground-based electric vehicles to the last-mile delivery sector. As an American original equipment manufacturer, we design and build high performance, battery-electric trucks. Workhorse also develops 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. For additional information visit workhorse.com.
Forward-Looking Statements
The discussions in this press release contain forward-looking statements reflecting our current expectations that involve risks and uncertainties. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “expect,” “plan,” “believe,” “seek,” “estimate,” and similar expressions are intended to identify forward-looking statements and relate to future periods. These are statements that involve substantial risks and uncertainties. Forward-looking statements are statements that are not historical facts and speak only as of the date hereof. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions, or circumstances on which any such statement is based, except as required by law.
Media Contact:
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WKHS@gateway-grp.com
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