Workhorse Group Inc. (NasdaqCM:WKHS) is exploring strategic alternatives. The company is evaluating a broad range of strategic alternatives for its Aero business which may include a sale of the business, strategic partnership, another transaction or the continued execution of the company?s strategic plan for Aero within Workhorse. The company has not set a timetable for completion of the process and does not intend to comment further until the process is complete.

Mr. Rick Dauch, Chief Executive Officer added, ?Our highly experienced Aero team has significantly advanced our drone business and is commercializing market-leading, safe and reliable technology that has drawn customer interest as well as continuing to progress in the FAA approval process. With this foundation in place, we believe evaluating options for the business is a prudent step forward to ensure we are unlocking the most value for Workhorse while best positioning the Aero business to capture the market opportunities ahead?.