Worksport Ltd. (Nasdaq: WKSP) (“Worksport” or the “Company”), a
manufacturer of truck beds and solar-integrated tonneau covers for
pickup trucks, is excited to announce the anticipated summer launch
of its revolutionary SOLIS Solar Cover and COR Battery System. With
immense popularity, Tesla Inc. (“Tesla” or “Cybertruck”) with the
Tesla Cybertruck could, one day, become an ideal candidate for the
Worksport SOLIS and COR bundle, as the Tesla Cybertruck reaches
mass market through increased deliveries. The SOLIS Cover is
expected to be available at start for major brands including the
Ford Motor Company (“Ford”), the General Motors Company (“General
Motors or “GM”) and the Hyundai Motor Company (“Hyundai”).
The innovative SOLIS and COR duo is on track for
its scheduled release this summer, promising to deliver an
unparalleled off-grid power solution perfect for pickup truck users
who enjoy camping, remote work, sports, and various outdoor
activities. There also is a large market opportunity for both COR
and SOLIS products for light trucks and those who work within
military, law enforcement, and first responders within North
America and globally.
The benefits and applications for the SOLIS
Solar Cover, coupled with the COR Battery System, are designed to
transform the utility of pickup trucks by offering off-grid power,
allowing over 60 million pickup trucks just in the USA alone to
become traveling microgrids. Further, in future partnerships with
EV manufacturers, the SOLIS Cover itself can provide additional
electric driving range and charging capabilities directly from the
sun. Worksport currently has open conversations with multiple OEM
vehicle brands and has previously announced the production of
prototypes for Hyundai. In addition to applications in pickup
trucks such as Ford and General Motors, Worksport engineering
departments are exploring new truck compatibility for future
additional application coverage which could, one day, include Tesla
and the Tesla Cybertruck. Fitment of the Worksport SOLIS with the
Tesla Cybertruck is yet to be determined, but possible. A direct
partnership between Worksport and Tesla would further integration
of the SOLIS to be able to passively charge the Cybertruck.
However, as an aftermarket add-on accessory, the SOLIS and the COR
system would provide unparalleled utility for portable, mobile,
solar energy away from the power grid.
No pickup truck necessary. The Worksport COR
Portable Energy Storage System, the Company’s highly anticipated
mobile battery power generator system, is also planned to be
offered to the domestic and global consumer market, not just pickup
truck owners. The COR System can be recharged by any wall outlet or
any solar panels, allowing the COR System to be used by anyone,
anywhere, to power almost anything. This plan opens Worksport’s
addressable market from 60 million pickup truck owners to the
coveted global market for consumer electronic devices. The COR
System will be one of very few power electronic devices that will
be fully designed and produced within North America (using foreign
and domestically sourced components). The Company believes North
American innovation paired with local manufacturing will make the
Worksport COR system among the best and most innovative mobile
battery power generators ever released. With exclusive features
such as modular batteries, for limitless power, and hot swap
features and a clever built in uninterrupted power supply. This
innovative power supply is to allow batteries to be changed and
recharged without losing power to appliances connected and
operating from the COR device.
As the launch date approaches, Worksport is
pleased to report that nearly all components for the COR Alpha
Release have arrived and are currently undergoing rigorous testing.
While results are pending, initial tests appear promising,
indicating that the product is likely to meet and exceed
expectations. Prior to full market release this summer, the COR
System will first have an Alpha Release for real consumer testing
to ensure a successful market release.
Concurrently, prototypes of the SOLIS Solar
Cover are in development and will be tested on different truck
brands, including Hyundai, Ford, General Motors, Stellantis RAM,
and more. Worksport's manufacturing facility in Buffalo, New York,
is producing the Company’s state-of-the-art innovative hard-folding
covers, which serve as the base for the SOLIS Solar Cover and
contribute to the Company's current revenue growth. Worksport
recently announced compatibility of its hard-folding covers with a
wide range of popular truck models, including RAM by Stellantis,
General Motors brands GMC and Chevrolet, Ford, Jeep by Stellantis,
Nissan, and Toyota.
Steven Rossi, CEO of Worksport, comments on the
journey toward this landmark release: "We have faced enormous
challenges, including delays caused by issues that have affected
supply chains across the globe. Despite these obstacles, our team’s
dedication and hard work have kept us on track to deliver, and we
now feel confident about releasing the SOLIS Solar Cover and the
COR Battery System this summer to consumers. The SOLIS and COR duo
embody our commitment to innovation and our vision for a more
sustainable future."
The impending release of the SOLIS Solar Cover
and COR Battery System marks a significant milestone for Worksport
as it continues to push the boundaries of automotive accessory
technology, providing customers with smart, eco-friendly solutions
for their energy needs. The Company is positioning itself in
renewable energy for a better tomorrow.
OEM’s (such as those named above), dealers, and
distributors with interest in exploring integration of Worksport’s
products with specific vehicles are encouraged to email
sales@worksport.com with any inquires.
For more information about Worksport Ltd., the
SOLIS Solar Cover, and the COR Battery System, please visit
investor.worksport.com/press-releases/.
About Worksport
Worksport Ltd. (Nasdaq: WKSP; WKSPW), through
its subsidiaries, designs, develops, manufactures, and owns the
intellectual property on a variety of tonneau covers, solar
integrations, and NP (Non-Parasitic), Hydrogen-based true green
energy solutions for the sustainable, clean energy, and automotive
industries. Worksport currently maintains an active partnership
with Hyundai for the SOLIS Solar cover. Additionally, Worksport's
hard-folding cover, designed and manufactured in-house, is
compatible with RAM, Chevrolet, and GMC models from General Motors,
as well as Ford, Jeep, Nissan, and Toyota pickup trucks. Worksport
seeks to capitalize on the growing shift of consumer mindsets
towards clean energy integrations with its proprietary solar
solutions, mobile energy storage systems (ESS), and NP
(Non-Parasitic), Hydrogen-based technology. Terravis Energy’s
website is terravisenergy.com. For more information, please visit
investor.worksport.com/press-releases/.
Connect with Worksport
Please follow the Company’s social media
accounts on X (previously Twitter), Facebook, LinkedIn, YouTube,
and Instagram (collectively, the “Accounts”), the links of which
are links to external third party websites, as well as sign up for
the Company’s newsletters at investors.worksport.com. The Company
does not endorse, ensure the accuracy of, or accept any
responsibility for any content on these third party websites other
than content published by the Company.
Worksport strives to provide frequent updates of
its operations to its community of investors, clients, and
customers to maintain the highest level of visibility.
LinkedIn
Facebook
X (previously Twitter)
Instagram
YouTube
Investors and others should note that the
Company announces material financial information to our investors
using our investor relations website, press releases, Securities
and Exchange Commission (“SEC”) filings, and public conference
calls and webcasts. The Company also uses the Accounts to announce
Company news and other information. The information shared on the
Accounts could be deemed to be material information. As a result,
the Company encourages investors, the media, and others to review
the information the Company publishes on the Accounts.
In order to comply with Regulation FD, the
Company does not selectively disclose material non-public
information on any Account. If there is any significant financial
information, it is the policy of the Company to release it broadly
to the public through a press release or SEC filing prior to
publishing it on one of the Accounts.
For additional information, please contact:
Steven Obadiah, Investor Relations, Worksport Ltd.
T: 1 (888) 554 8789
E: investor.worksport.com/press-releases/
W: www.worksport.com
Forward-Looking Statements
The information contained herein may contain
“forward‐looking statements.” Forward‐looking statements reflect
the current view about future events. When used in this press
release, the words “anticipate,” “believe,” “estimate,” “expect,”
“future,” “intend,” “plan,” “project,” “should," or the negative of
these terms and similar expressions, as they relate to us or our
management, identify forward‐looking statements. Forward-looking
statements are neither historical facts nor assurances of future
performance. Instead, they are based only on our current beliefs,
expectations and assumptions regarding the future of our business,
future plans and strategies, projections, anticipated events and
trends, the economy and other future conditions. Because
forward-looking statements relate to the future, they are subject
to inherent uncertainties, risks and changes in circumstances that
are difficult to predict and many of which are outside of our
control. Our actual results and financial condition may differ
materially from those indicated in the forward-looking statements.
Therefore, you should not rely on any of these forward-looking
statements. Important factors that could cause our actual results
and financial condition to differ materially from those indicated
in the forward-looking statements include, among others, the
following: (i) supply chain delays; (ii) acceptance of our products
by consumers; (iii) delays in or nonacceptance by third parties to
sell our products; and (iv) competition from other producers of
similar products. More detailed information about the Company and
the risk factors that may affect the realization of forward-looking
statements is set forth in the Company’s filings with the SEC,
including, without limitation, our Annual Report on Form 10-K and
our Quarterly Reports on Form 10-Q. Investors and security holders
are urged to read these documents free of charge on the SEC’s web
site at www.sec.gov. As a result of these matters, changes in
facts, assumptions not being realized or other circumstances, the
Company’s actual results may differ materially from the expected
results discussed in the forward-looking statements contained in
this press release. The forward-looking statements made in this
press release are made only as of the date of this press release,
and the Company undertakes no obligation to update them to reflect
subsequent events or circumstances.
Grafico Azioni Worksport (NASDAQ:WKSPW)
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Grafico Azioni Worksport (NASDAQ:WKSPW)
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