Workhorse Group is an innovative transportation company that focuses on developing electric vehicles, primarily for the commercial delivery sector
The company designs and manufactures electric vans and trucks, incorporating advanced technology and sustainable practices to provide efficient and environmentally friendly transportation solutions. In addition to vehicle production, Workhorse is engaged in creating smart, connected solutions that optimize logistics and fleet management, supporting a transition towards cleaner energy and reducing the carbon footprint of the delivery industry. Their commitment to sustainability and innovation positions them as a key player in the evolving electric vehicle market.
PALM BEACH, Fla., Oct. 02, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The Artificial Intelligence (AI) in Drone Technology Market is projected by industry experts to continue to substantially increase in the next several years. They say that enhanced autonomy and intelligence will drive market growth. A recent report from market.us said: “The integration of AI into drone technology will significantly drive the growth of the AI in Drone Technology market. One of the primary factors is the enhanced autonomy that AI brings to drones.” The report said: “AI algorithms enable drones to perform complex tasks independently, such as navigating through challenging environments and avoiding obstacles without human intervention. This capability is crucial in sectors like agriculture, where AI-powered drones can monitor crop monitoring and optimize resource use, leading to higher yields and reduced waste. Moreover, AI improves the intelligence of drones, allowing them to analyze data in real time and make instant decisions. This is particularly beneficial in emergency services, where drones equipped with AI can conduct search and rescue operations efficiently by covering large areas quickly and identifying individuals in need of help through advanced imaging techniques.” It continued: “Additionally, AI’s role in data collection and processing is transformative. Drones can gather vast amounts of data and, using AI, analyze it to provide actionable insights. For example, in infrastructure inspection, AI-powered drones can detect faults such as cracks or corrosion in real time, helping to prevent costly repairs and ensuring safety. Drones equipped with AI can collect and analyze vast amounts of data, providing actionable insights in real time. This trend is particularly valuable in industries like construction, mining, and environmental monitoring, where timely data is critical for decision-making.” Active Tech Companies in the markets today include ZenaTech, Inc. (NASDAQZENA), Safe Pro Group Inc. NASDAQ: SPAINASDAQSPAI)(NASDAQ: KTOSNASDAQKTOS, Workhorse Group Inc. (NASDAQ: WKHSNASDAQ), Ondas Holdings Inc. (NASDAQ: ONDSONDS).
The week brought to the fore the travails of the startup space in the EV industry, with Rivian facing supply chain issues and Canoo reporting only modest revenue.
