Worksport Ltd. (Nasdaq: WKSP;) (“Worksport” or the “Company”)
announces that it has commenced the initial planning phases for the
development of a model of its innovative SOLIS solar cover for the
Ford F-150 Lightning. This pioneering product signifies a
significant step forward in sustainable automotive solutions,
providing F-150 Lightning owners with the ability to harness solar
energy for off-grid use. Once a SOLIS model is developed and
optimized for the Ford F150 Lighting, Worksport’s engineering team
intends to begin exploring the feasibility and possibility of
integrating the SOLIS Solar Tonneau Cover with the vehicle’s
charging system.
Understanding the unique challenges posed by the
Ford F-150 Lightning’s size, weight, and limited bed area,
Worksport is committed to conducting comprehensive tests to
accurately measure the maximum additional mileage the SOLIS can
offer, if integrated directly as a passive charging option. While
the F-150 Lightning's specifications may impact the total miles
gained, Worksport’s preliminary estimates suggest the SOLIS solar
cover can contribute meaningfully to the vehicle's range,
underscoring the Company's dedication to maximizing power
efficiency for its customers. Previous calculations conducted by
Worksport’s engineering team have shown than the Solis Solar
Tonneau Cover can potentially increase range by up to 10 miles in
certain circumstances.
In addition to the SOLIS solar cover, Worksport
plans to offer the SOLIS and COR battery bundle for the F-150
Lightning, offering a complete solution for clean, off-grid energy
utilization. This innovative pairing is expected to allow for the
utilization of solar power without depleting the vehicle’s onboard
power reserves, marking a significant advancement in sustainable
automotive technology.
The COR Battery, a crucial component of this
bundle, is currently undergoing rigorous testing and is on track to
proceed to the manufacturing stage for its Alpha Launch. This stage
will involve real consumer testing, further demonstrating
Worksport’s dedication to product excellence and reliability. While
preparations for the SOLIS solar cover are nearing completion, its
launch is planned to strategically align with the finalization of
the COR Battery to ensure a seamless introduction to the market. In
the meantime, parts for the SOLIS are being sourced from suppliers,
laying the groundwork for mass production and availability.
“Worksport is at the forefront of integrating
solar technology with automotive accessories, and the SOLIS solar
cover for the Ford F-150 Lightning is a testament to our innovative
spirit and dedication to sustainability,” said Steven Rossi, CEO of
Worksport. “By offering the SOLIS and COR bundle, we believe that
we are not only providing a means to enhance electric vehicle range
through renewable energy, but also empowering F-150 Lightning
owners to embrace clean, off-grid energy solutions. We look forward
to sharing the results of our tests and bringing this
transformative product to the market.”
Stay tuned for future updates on the SOLIS solar
cover and COR Battery, as Worksport continues to redefine the
possibilities of automotive accessories and sustainable energy
solutions.
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 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
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.
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.
For additional information, please contact:
Steven Obadiah, Investor Relations, Worksport 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,”
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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 disruptions; (ii) consumer acceptance
of our products ; (iii) delays or refusals by third parties to sell
our products; and (iv) competition from other manufacturers of
similar products. Consequently, due to these factors, changes in
circumstances, unrealized assumptions, or other occurrences, the
Company's actual results may differ significantly from the expected
outcomes discussed in the forward-looking statements presented in
this press release. More detailed information about the Company and
the risk factors that may impact the realization of forward-looking
statements is set forth in the Company’s filings with the SEC,
including, but limited to, 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. 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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