Worksport Ltd.
(Nasdaq: WKSP;
WKSPW) (“Worksport” or the “Company”) proudly
announces it is preparing for an alpha release of its highly
anticipated COR battery system. In anticipation of the system’s
alpha release, the Company is streamlining its supply chain, marked
by the strategic forging of partnership agreements with esteemed
global suppliers.
The Company expects this initial release of its
COR battery system to serve as a preliminary user iteration prior
to its anticipated mass-market release in North America, with
future intentions of releasing the system in other key global
markets. This invaluable phase aims to harness the feedback from a
select group of test users to allow the Company to finetune the COR
system, ensuring optimal performance, bug-free operation, and a
seamless user experience. Worksport will provide a definitive alpha
release date upon finalizing all requisite elements.
Reflecting on this exciting journey, CEO Steven
Rossi commented, "The energy at Worksport is high. In light of our
recent $16MM annual sales agreement with a US-based automotive
aftermarket reseller and recent interest from a Canada-based
automotive aftermarket reseller, registering well in excess of $10
billion CAD in annual sales, it is encouraging to see the growing
industry enthusiasm for our innovations. As we are approaching
alpha release of our COR battery system, which will complement our
SOLIS solar cover, the horizon looks promising indeed."
In response to the increasing demand, Worksport
is working hard to expand its production capabilities.
Additionally, the Company's subsidiary, Terravis Energy, unveiled
its plans this week to increase research and development for its
groundbreaking heat pump, reflecting its confidence in the
product's expansive market potential.
"Our roots in manufacturing high-demand hard and
soft folding tonneau covers set the stage for our journey," added
Rossi. "But as we move further into the green tech space with our
SOLIS solar cover, the COR battery system, and Terravis Energy's
heat pump, our vision is clear – execution paired with the vision
to be at the forefront of creating a more sustainable future."
For further information, please visit Worksport’s official
website for investors at investors.worksport.com.
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 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 investors.worksport.com.
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.
LinkedInFacebookX (previously Twitter)InstagramYouTube
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
ObadiahInvestor RelationsWorksport Ltd.T: 1
(888) 554 8789 E: investors@worksport.com
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,” 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.
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