Worksport Ltd. to Inspect Major Factory Equipment for U.S. Facility from January 19-21.
January 19 2023 - 7:00AM
Worksport Ltd.
(Nasdaq: WKSP;
WKSPW) (the “Company” or
“Worksport”) is pleased to announce the inspection of its
commissioned custom manufacturing line. The assessment will take
place by an agent of Worksport in Europe from Today January 19th to
the 21st. The custom-made manufacturing line is essential to
Worksport beginning and expanding automated production of its
American-made hard folding truck covers. This manufacturing line
will also produce components for Worksport’s highly anticipated
SOLIS solar truck bed cover system.
The US$4 million custom
manufacturing system is intended to automate the
Company’s in-house production of major components for
Worksport’s hard-fold tonneau covers, the basis for the much
anticipated, highly innovative SOLIS solar truck bed
cover.
“This machinery is needed to complete
our 222,000 sq. ft. Western N.Y manufacturing facility, a key
link in our drive to generate revenues and profitability,” said
Worksport CEO, Steven Rossi. Rossi continued, “If everything is
confirmed and approved, the production system is expected
to arrive in the U.S. at the end of
February. After the installation of the equipment
expected to be in March, operator training is expected to take
several weeks and conclude in April. We are very proud that
hardcover parts will contain no single-use plastics or toxic
sealants. Instead, bonding agents, which are cheaper, stronger and
lighter as well as fully recyclable at the end of their usefulness,
will be used. We intend to be a green company from start to
finish in both products and manufacturing.”
Once operational, the New York factory will be
used to produce Worksport’s proprietary hard tonneau covers. These
products comprise the basis for SOLIS Solar Cover, expected to be
the largest source of Worksport’s future growth and revenues — and
which has interest from several major global automotive OEMs. A
complete working SOLIS cover needs its companion COR battery with
its advanced hot-swap technology to store and deploy its saved
power for a myriad of uses.
“We hope to communicate good news on approval
for the machine soon,” Rossi said.
“Approval will bring Worksport closer to
production in our U.S. facility and allow us to shift focus to
sales and revenue growth once the facility is in production,” added
Rossi.
About Worksport Ltd.
Worksport Ltd. (Nasdaq: WKSP; WKSPW), through
its subsidiaries, designs, develops, manufactures, and owns the IP
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
Ltd. 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. For more
information, please visit www.worksport.com.
Connect with
Worksport:
Please follow the company’s social media
accounts on Twitter, Facebook, Linkedin, YouTube, and
Instagram, as well as sign up for the company’s newsletters
at www.worksport.com. Worksport Ltd. strives to provide
frequent updates of its operations to its community of investors,
clients, and customers to maintain the highest level of
visibility.
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For additional information, please contact:
Steven ObadiahInvestor RelationsWorksport Ltd.
T: 1-(888)
506-2013E: investors@worksport.comW: www.worksport.com
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