 Hi, this is Mx ux. I just went out, you know workhorse and ride stock drop today and there's been some questions about Steve Burns and workhorse, so I want to just go over some information. I found now This is from the Cincinnati Business Journal and this is November 9th. So not too long ago Workhorse received a purchase order for 500 of its C1000 delivery vehicles Prichard It's a commercial wholesale the vehicle distributor blah blah blah blah blah Steve Schrader CFO workhorse said the purchase order was about 40 million dollar transaction company had a backlog of 1200 Vehicle orders before adding the Prichard company's order. It's a big order Workhorse delivered five vehicles the Prichard company's in the third quarter expects to deliver 500 vehicles in 2021 they liked what they saw and they made an order for 500 so You know I could go on about this There's a giant UPS order it just goes on and on so this stock went down today I don't think we need to post office order really once this thing gets going, but I think we're going to get it anyway Let me just go to this tab now everybody's slagging on Steve Burns and the management of Lordstown Motors, I just want to go this is from Freight Waves This is a year ago about October 23 2019 and Workhorse joins the joint venture now. This is when Steve Burns was just with words This is what got me interested in Steve Burns. I saw a display of this at a trade show. This is a two-person private drone and It's got an up-and-down button in it. Basically. That's it it goes on autopilot It's it maps everything and it goes according to FAA rules and you just pick the Destination and it takes off and it flies there and it lands and all it's got in is an up-and-down button So that you can go up and down in it. You could take it up to the red Altitude and fly where you're going and go down. I thought it was so cool The coolest thing about this is if you see these slits here right here The arms fold down and It fits in a normal parking space. The real model has wheels on the on down here Small wheels so that you can push it. I guess but the point is these arms fold down You can fit this in a normal garage or normal parking space, and I know everybody's saying well It's kooky. That's nutty. It's a nutty idea, you know Well, let's just go through it Electric truck maker workhorse is selling it's this is called sure-fly flying car project to to MOOG Inc. for four million dollars It's raising money to to build its C-100s So Workhorse at this time had 1100 the largest 1100 orders they had a 500 unit order from UPS anyway the point is The personal copter project the sure-fly the thing we just saw is the is a passion project of Steve Burns Who left now? This is like a year old who left the position in February? Burns displayed the sure-fly in North American auto show in January Some of the sure-fly technology is is part of the horse fly so The horse fly was a spin-off from the sure-fly which was Steve Burns passion project Now what they did was They sold off The sure-fly It was kind of a sacrifice to get into a working joint venture with this MOOG and another company The unmanned operations group this USOG Is doing a medical delivery with drones and they want to they wanted to use it. That's part of MOOG Unmanned systems this described as a provider of end-end unmanned medical delivery logistics double blah enable nationwide medical deliveries by UAV I Couldn't think of a better application now. You can understand something. This is before any of the Rona was in the picture so I know you thought Everybody you look at this drone thing back in the day was a nutty idea. Well, hey not so much June's the drill delivery of drones for delivery medical is for popularity blah blah blah Custom build engine customers are able to track their deliveries through an app on their phone blah blah blah Separately so what Steve what what it happened was Steve Brown was with the company. He was the CEO He was developing this sure-fly. He thought it was detracting From the company it was his pet project. He needed to sell it to race money for the company He left the company as CEO because it's all this all these Workhorse vans and everything were developed under him and the pickup truck and the sure-fly and the sure-fly and the and the work fly Workhorse the horse flight drone was all developed under him. He left to sell this and While he he sold it He was pursuing the General Motors plant. He wants to build a full-size pickup It would be based on the the workhorse pickup. He was developing at workhorse and Everybody's saying well, he did it don't see don't he didn't leave the company an alert. You see this. This is all Step-by-step if you go through it It's all very logical So anyway, he went through and he wanted to develop the pickup truck further that that he did and that Part of this was buying the Lord's town or hot plant which he got together and You know if you think about it the total addressable market the workhorse is business to business and That's a good business to be in but business to consumer which is What the endurance pickup truck is a much bigger market? So of course, he's gonna want to move to a bigger market Of course, he's gonna need to go public to raise money to go to a bigger market. So I don't see anything wrong His people after he got Lord's town together his people Went with him From workhorse now workhorse that did see 100 and to see see 1,000 the seaside it was already developed and he sold his is Drown off and the and the workhorse thing was everything was already up and going when he left and His people followed him. So it's not like they left workhorse or workhorse in a lurch and Workhorse owns 10% of Lord's town voters and they get a commission on every truck that's sold So this is this is a this is more of a business strategy. It's not somebody, you know Jumping around like a you know, like a incoherent Chicken with his head cut off or something and his staff Left with him because they're working with him. They worked with them They developed this workers pickup truck at when they were at workhorse and they wanted to take it to a Full production because they had a lot of confidence in the product I don't see anything wrong with that and I just want to show you this Chevy Cruze stopped production in March of last year. So This plan hasn't you know, it's been closed what a year maybe and look at this in September Lord's town voters hired rich smith who was with Tesla director of manufacturing operations from 2012 to 2016 as Chief production officer for Lord's town motors. This is the guy that set up the Fremont plant He also set up plans for Volkswagen and a whole lot of other companies This is a heavy-duty guy. Okay, and he's he's going in to set up this plant that again What did we see up here just closed in March? So this plant's still warm. So You know They got a reprogram. They got a realign. They got to change the line They got to reprogram the robots, but I mean, this is a guy who can do that Workhorse and Pioneer finalists for the postal contract blah blah blah now. This is interesting The the workhorse C1000 and C600 The workhorse designed for the postal vehicle is Based on the W15 pickup which was developed under Steve Burns, which he is basing The Lord's town endurance on so these are all related the technology. This is all burns. He got this all together So anyway, the workhorse design for postal vehicle is based on its W15 electric pickup Listen to this so it fit into production at Lord's town if the plant is sold the burns that means They can produce, you know, they're gonna they can produce the skateboards At Lord's town. Who knows maybe even the truck, but I think those trucks are more or less The the top end, you know the bottom and the skateboard with all the mobility in it and this this The workhorse trucks have had murders in them too, but a different style I Think that the skateboards the batteries and the motors are all going to be built at Lord's town They're going to ship them off and workhorse is going to finish them And yes, they'll be able to do that plant can do six hundred thousand units a year and they're building a three million square foot Motor plant there just to build the drive systems in the battery systems and LG is building a Giant three million square foot battery plant next door. Believe me These guys these guys are going to be able to handle that contract All right, just to show you This is where they The horsefly drone is going. This is one of the things that came out of him selling the shorefly that personal Vertical takeoff thing This is the things that came of that Just to show you this is the medical development drone delivered drone and Last year a workhorse group filed a patent to develop a trunk watch Package delivery system, so they're going to have a patent on this Anyway, it's just to show you that this is where it came out of Burns selling his copter to moog now Who's moog? I don't know but Let's take a look Here's their website They are conglomerate they do all kind of stuff They work in all kind of industries um Anyway, they They have You know robotics Industrialist career and blah blah blah blah blah Anyway, as these pictures scroll here, and this is the moog website It's not going to come up. I knew it wouldn't So let's go to the saved one Guess what they got On their front page Burns sure fly They're a defense contractor. They ain't saying what they're doing with it. Yeah, you thought Burns was a kook, huh? Well, these guys don't think so right They know so this this developed the workhorse And also I would say these drone Motors, you know, that's very similar to the hubless motors that are on the on the on the workhorse and and the endurance But anyway, just to show you these guys don't think he was nuts They bought it and they got it now and they didn't just buy it as a lost leader They got it up on their website. Who knows what they're going to do with it. They do a lot of military work here Special forces who knows Private mobility. We don't know this is a really cool thing. It's got backup motors. It's got a backup generator Like I said, it's it's a very cool Thing and the arms fall down put in your garage. Anyway, uh, I just want to play a bit of this I'm going to put a link to this guy's video in my This is a look at the Workhorsey at the Space in here truck And I want you to look at this truck 27 feet long Look how flat that floor is That's seven and a half inches off the ground you'll have a there's the cab Nice industrial it's off steer There's their proprietary tracking system in place Okay That's all composite A whole top of that is composite It's says four thousand pounds over a completely sized Uh, no transmission delivery van And uh, and this has And they don't push this on the website But this also uses hub motors the same type of hub motors not the same These are a different type of honey motors that have developed more for this type of application The the endurance hub motors are bigger. Okay your charging unit Anyway, I just want to show you that this truck is well thought out And this is you know, Steve Burns had a lot to do with this too So I think these people that you need isn't you guys that are doing this Dotsie do and he's running around You know, I see a very planned career here. That's all you need. That's following the technology You know, you want your several Four thousand pounds lighter than several different versions of the pickup trucks as the technology changed lower to the ground More aerodynamic than traditional where it is now So you didn't abandon all those other going to give you about 100 It was going from hybrid to battery a few electric hub motor great for the small trips And this design is based on last-minute trips around town. The truck design is based on this design. So again Uh, very similar to what they're doing. No cost of maintenance. All right. I'm gonna stop this now You can check this out. I'll put a link in the video. Okay. Uh, that's I hope you guys like the video There's the workhorse van And Good luck in the market There you go, and let's see if we can get a picture of that helicopter. Yeah, make fun of it. Yeah Yeah, these guys ain't making fun of it Yeah, all right. That's it. Thank you