Workhorse Expands W56 Platform with Industry-Standard Utilimaster Body for Fleet Standardization

CINCINNATI, Nov. 03, 2025 (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 the availability of the Utilimaster Aeromaster body for its all-electric W56 Class 5/6 step van.

Caption: W56 S10X With Utilimaster Aeromaster Body

Workhorse has completed integration, testing and validation of the industry-standard aluminum Aeromaster walk-in body from Utilimaster. The new configuration expands the proven W56 product line, giving fleets the familiar, time-tested body design they know and trust, now paired with the reliability and zero-emission performance of the W56.

"We're proud to work with Workhorse to bring the Aeromaster body to the W56 electric chassis," said Amanda Pickett, Director of Marketing, North America at Aebi Schmidt. "The W56 is a high-quality, purpose-built EV platform, and adding our well-known, industry-standard body allows fleets to combine the trusted durability and versatility of Utilimaster with the benefits of zero tailpipe emissions."

The Utilimaster body brings added flexibility to the W56 platform, offering durable aluminum construction, wide steps and low step height for driver safety, and highly modular interiors that can be configured for parcel delivery, service, or specialty applications. Designed for efficiency, the Aeromaster supports a wide range of upfit options—such as shelving, partitions, lighting, HVAC, and multiple door configurations—while being fully backed by Utilimaster's national parts, service, and upfit network.

"For many large fleets, operational consistency is key," said Kelly Kiger, Vice President of Sales at Workhorse. "By offering the Utilimaster body on our W56 chassis, Workhorse can deliver the performance and reliability of its all-electric step van in the traditional form factor that fleet operators already know and trust—allowing them to maintain their established vehicle setups, shelving, partitions, lighting, HVAC, and door configurations without disruption."

Built at the Workhorse Ranch in Union City, Indiana, the W56 is a 100% electric Class 5–6 step van designed and engineered for the real demands of last-mile delivery. With a range of up to 150 miles or more on a single charge, zero tailpipe emissions, and up to 1,200 cubic feet of cargo space, the W56 delivers the performance, reliability, and comfort fleets count on from Workhorse. Its enhanced visibility, advanced safety features, and integrated telematics make it a smart, ready-to-work choice for fleets transitioning to electric operations. More information about the 100% electric W56 and available body configurations is available via the web www.workhorse.com or by contacting the Workhorse Sales team at [email protected].

About Workhorse Group Inc.

Workhorse Group Inc. (NASDAQ:WKHS) is a technology company focused on pioneering the transition to zero-emission commercial vehicles. Workhorse designs and builds its vehicles in the United States at the Workhorse Ranch in Union City, Indiana. The company's best-in-class vehicles are designed for last-mile delivery, medium-duty operations, and a growing range of specialized applications.

Media Contact:

Aaron Palash / Greg Klassen

Joele Frank, Wilkinson Brimmer Katcher

212-355-4449

Investor Relations Contact:

Tom Colton and Greg Bradbury

Gateway Group

949-574-3860

[email protected]

Forward-Looking Statements

The discussions in this press release contain forward-looking statements reflecting the Company's 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. These are statements that relate to future periods and include, but are not limited to, statements about the features, benefits and performance of the Company's products, including the use of the W56 chassis for the Aeromaster body, the Company's ability to introduce new product offerings and increase revenue from existing products, expected expenses including those related to selling and marketing, product development and general and administrative, the Company's beliefs regarding the health and growth of the market for the Company's products, anticipated increase in the Company's customer base, the expansion of the Company's products functionalities, and the expected revenue levels and sources of revenue. 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 in this press release. Factors that could cause actual results to differ materially include, but are not limited to: the outcome of the company's pending merger and related transactions, the Company's ability to develop and manufacture the Company's product portfolio, including the W4 CC, W750, and W56 and other programs; the Company's ability to attract and retain customers for the Company's existing and new products; ongoing and anticipated changes in the U.S. political environment, including those resulting from the new Presidential Administration, control of Congress, and changes to regulatory agencies; the implementation of changes to the existing tariff regime and measures taken in response to such tariffs by foreign governments; risks associated with obtaining orders and executing upon such orders; the unavailability, reduction, elimination or adverse application of government subsidies and incentives or any challenge to or failure by the federal government, states or other governmental entities to adopt or enforce regulations such as the California Air Resource Board's Advanced Clean Fleet regulation; changes in attitude toward environmental, social, and governance matters among regulators, investors, and parties with which the Company does business; supply chain disruptions, including constraints on steel, semiconductors and other material inputs and resulting cost increases impacting the Company and its customers, suppliers or the industry; the Company's ability to capitalize on opportunities to deliver products to meet customer requirements; the Company's limited operations and need to expand and enhance elements of the Company's production process to fulfill product orders; the Company's general inability to raise additional capital to fund the Company's operations and business plan; the Company's ability to receive sufficient proceeds from the Company's current and any future financing arrangements to meet the Company's immediate liquidity needs and the potential costs, dilution and restrictions resulting from any such financing; the Company's ability to maintain compliance with the listing requirements of the Nasdaq Capital Market and the impact of any steps the Company has taken, including reverse splits of the Company's common stock, or any future steps the Company may take to maintain such compliance, on the Company's operations, stock price and future access to liquidity; the Company's ability to protect the Company's intellectual property; market acceptance of the Company's products; the Company's ability to obtain sufficient liquidity from operations and financing activities to continue as a going concern and, the Company's ability to control the Company's expenses; the effectiveness of the Company's cost control measures and impact such measures could have on the Company's operations, including the effects of furloughing employees; potential competition, including without limitation shifts in technology; volatility in and deterioration of national and international capital markets and economic conditions; global and local business conditions; acts of war (including without limitation the conflicts in Ukraine and the Middle East) and/or terrorism; the prices being charged by the Company's competitors; the Company's inability to retain key members of the Company's management team; the Company's inability to satisfy the Company's customer warranty claims; the outcome of any regulatory or legal proceedings, including with Coulomb Solutions Inc.; the Company's ability to consummate and realize the benefits of a potential sale and leaseback transaction of the Company's Union City Facility; and other risks and uncertainties and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission ("SEC"), including under the "Risk Factors" sections of the Company's filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the quarter ended June 30, 2025. Forward-looking statements speak only as of the date hereof. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/258de0ca-c6a8-4a78-853c-a78576ae8952