Worksport Ltd

Worksport Ltd. designs, develops, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and non-Parasitic, hydrogen-based green energy solutions. The firm assists businesses by acquiring investment capital for continued growth and expansion while providing business development and marketing strategies, and offers its services in the United States and Canada. The company was founded on April 2, 2003 and is headquartered in Mississauga, Canada.

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Worksport Ltd. engages in the designs, development, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and non-parasitic, hydrogen-based green energy solutions. The firm assists businesses by acquiring investment capital for continued growth and expansion while providing business development and marketing strategies, and offers its services in the United States and Canada. The company was founded by Steven Rossi on April 2, 2003 and is headquartered in West Seneca, NY.

Chosen as Chief of Chaos' next big project, Worksport is partnering with the team behind the viral marketing of famous brands like Manscaped, Dollar Shave Club, Paramount+, Uber, and Instacart to plot explosive growth for Worksport's innovative product lines. West Seneca, New York--(Newsfile Corp. - May 2, 2024) - Worksport Ltd.

Worksport Announces Monumental Partnership to Tap $3 Billion Market

West Seneca, New York--(Newsfile Corp. - April 25, 2024) - Worksport Ltd. (NASDAQ: WKSP) (NASDAQ: WKSPW), a U.S.-based manufacturer dedicated to developing innovative hybrid and clean energy solutions in light truck, overlanding, and global consumer goods markets, today released a memo to shareholders, iterating management's outlook on maximizing shareholder value and setting the stage for a transformative year in projected growth for 2024, on all fronts.

Worksport Signals Undervalued Status, Eyes Major 2024 Growth

West Seneca, New York, March 28, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ: WKSP), an innovative automotive accessory manufacturer dedicated to developing clean energy solutions, is thrilled to announce the arrival of a large quantity of custom solar panels, which are required to begin production of the highly anticipated SOLIS Solar Tonneau Cover at the Company's New York State manufacturing facility. This milestone marks a significant step forward, allowing the Company to begin initial production of the SOLIS Solar Tonneau Cover. Updates relating to when official production will begin, SKU-specific availability, more detailed specifications, timing relating to pre-order fulfillment, and new media assets (videos and photos) are to follow.

WORKSPORT ANNOUNCES RECEIPT OF SOLAR PANELS REQUIRED TO BEGIN PRODUCTION OF HIGHLY ANTICIPATED SOLIS SOLAR TONNEAU COVER

West Seneca, New York, March 18, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”) is pleased to announce today that it has entered into a securities purchase agreement with a single institutional investor to purchase 3,850,132 shares of common stock (or pre-funded warrants to purchase shares of common stock in lieu thereof) in a registered direct offering. In a concurrent private placement, the Company also agreed to issue and sell to the investor warrants to purchase up to 7,700,264 shares of common stock. The combined effective offering price for each share of common stock (or pre-funded warrant in lieu thereof) and accompanying warrant is $0.74, priced at-the-market under Nasdaq rules. The warrants will become exercisable six months from issuance, expire five and a half years from the issuance date, and have an exercise price of $0.74 per share.

WORKSPORT ANNOUNCES PRICING OF APPROXIMATELY $2.8 MILLION REGISTERED DIRECT OFFERING & CONCURRENT PRIVATE PLACEMENT PRICED AT-THE-MARKET UNDER NASDAQ RULES

Silicone-based semiconductors presently used by major chip manufactures such as NVIDIA present opportunities for innovation by Worksport.

Worksport to Advance Power Electronics with Gallium Nitride Semiconductors, improving on Silicone-Based Technology

West Seneca, New York, March 07, 2024 (GLOBE NEWSWIRE) -- 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”).

Worksport Set to Launch Innovative SOLIS & COR System This Summer, Providing Options for Partnerships with Tesla, GM, and Ford.

Buffalo, New York--(Newsfile Corp. - February 28, 2024) - Worksport Ltd. (NASDAQ: WKSP), Worksport is on a mission to make a difference with its innovative off-grid energy solutions and made-in-North America aftermarket automotive accessories.

Worksport Ltd. Announces Participation in the Centurion One Capital 7th Annual Growth Conference

West Seneca, New York, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP) (“Worksport” or the “Company”) is proud to announce a new distribution partnership with Dix Performance North, Canada's leading wholesaler of aftermarket car and truck products. Dix Performance North - renowned for providing parts for all major car and truck brands, including industry giants like Ford, General Motors, Toyota, Hyundai, and Stellantis - will now include Worksport's esteemed covers in their extensive catalog. This strategic alliance is expected to make Worksport's range of covers widely available throughout Canada, promising to accelerate partnership growth and contribute to significant sales and revenue increases.

Worksport Ltd. Announces New Distribution Partnership with Dix Performance North to Expand Presence Across Canada

West Seneca, New York, Feb. 21, 2024 (GLOBE NEWSWIRE) -- 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.

Worksport Announces SOLIS Solar Cover Availability for Ford F-150 Lightning, Pioneering Sustainable Off-Grid Energy Solutions for EV Pickup Trucks

Munich, Germany and West Seneca, NY, USA, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) has announced a collaboration with Worksport Ltd. (Nasdaq: WKSP;). Worksport will use Infineon's GaN power semiconductors GS-065-060-5-B-A in the converters for its portable power stations to increase efficiency and power density. Enabled by Infineon's GaN transistors, the power converters will be lighter and smaller in size with reduced system costs. In addition, Infineon will support Worksport in the optimization of circuits and layout design to further reduce size and increase power density.

Infineon and Worksport collaborate to reduce weight and cost of portable power stations with GaN

West Seneca, New York, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”) is excited to announce the expansion of its “B2B” (Business-to-Business) dealer network in the U.S. and Canadian Markets. This strategic move aims to establish and increase the presence and accessibility of Worksport products across the United States and Canada including on major platforms such as Amazon, eBay, and Walmart, via B2B resellers.

Worksport Announces Expansion of B2B Dealer Network and Upcoming Availability on Amazon, eBay, Walmart Marketplaces

West Seneca, New York, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”) is excited to announce the launch of its first hard-folding tonneau cover, the Worksport AL3 PRO Low Profile Aluminum Tonneau Cover  – a flush mounted, three panel, all aluminum tonneau cover. Embodying the perfect blend of durability, style, and functionality, this new product is proudly Made in the USA (with 90%+ domestically sourced components) and is set to redefine standards in the truck accessory market.

Worksport Unveils AL3 PRO Hard-Folding Tonneau Cover - A Game-Changer in Pickup Truck Accessories - Proudly Made in the USA

West Seneca, New York, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”) proudly announces that it has purchased the necessary inventory parts for the highly anticipated Alpha Release of its innovative COR Portable Energy Storage System. This purchase includes all critical components, such as power switches and microcontrollers, the main semiconductors essential for the functionality of Worksport's proprietary systems.

Worksport Ltd. Advances Toward COR Alpha Release: Purchases All Inventory Parts For Alpha Release Production

West Seneca, New York, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”) is announcing today plans to expand soft folding tonneau cover production to a second overseas factory. With its current overseas factory already at fully capacity. This is in anticipation of expected additional demand as Worksport begins to ramp up sales efforts within the USA and Canada.

Worksport Ltd. Announces Second Soft Cover Factory and Increases Production in Buffalo, New York

West Seneca, New York, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”) is pleased to announce that it has formed a strategic partnership with NeuronicWorks Inc., a Toronto-based high-tech custom electronic product development and manufacturing company, to manufacture and assemble the COR battery system in preparation for the system's anticipated Alpha release. Along with supplying Worksport's circuit boards for the COR hub, NeuronicWorks will perfect the construction of the full unit.

Worksport Announces Strategic Partnership with NeuronicWorks to Assemble COR Battery System for Alpha Release and Full Production

West Seneca, New York, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”) is pleased to announce that its subsidiary, Terravis Energy, Inc. (“Terravis”), has refined and completed a working prototype of its Cold Climate, Air Source Residential Heat Pump intended for use in the residential home heating and cooling market, and has begun a testing program in a state-of-the-art climate chamber at Worksport's Toronto facility.

Terravis Energy Begins Testing Prototype Residential Heat Pump at State-of-the-Art Testing Facility

Additional Production Line Needed to Meet Demand. Additional Factory Growth Planned in Short-Term.

Worksport Expands Factory Production with Additional Assembly Line Producing Innovative Light Truck (Tonneau) Covers

West Seneca, New York, Nov. 24, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”) extends warm Thanksgiving wishes to its dedicated employees, valued investors, and stakeholders. As we gather to express gratitude for the blessings of the year, Worksport is thankful for the unwavering support and commitment that has propelled the Company to new heights.

Worksport Ltd. Wishes Employees and Investors a Happy Thanksgiving

West Seneca, New York, Nov. 02, 2023 (GLOBE NEWSWIRE) -- 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.

Worksport Gears Up for Initial Alpha Release of its Pioneering COR Portable Energy Storage System

West Seneca, New York, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”) is pleased to announce today that it has entered into a securities purchase agreement with a single institutional investor to purchase 3,500,000 shares of common stock (or pre-funded warrants to purchase shares of common stock in lieu thereof) in a registered direct offering. In a concurrent private placement, the Company also agreed to issue and sell to the investor warrants to purchase up to 7,000,000 shares of common stock. The combined effective offering price for each share of common stock (or pre-funded warrant in lieu thereof) and accompanying warrant is $1.34. The warrants will become exercisable six months from issuance, expire five and a half years from the issuance date and have an exercise price of $1.34 per share.

Worksport Announces Pricing of Approximately $4.7 Million Registered Direct Offering & Concurrent Private Placement

West Seneca, New York, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”) is pleased to announce that it has received interest from a leading Canada-based automotive aftermarket reseller for the Company's hard-folding tonneau covers. The Company has already sent product samples to this reseller as well. The potential customer has an impressive annual sales volume surpassing $10 billion CAD. As it would be a private-label customer, the Company cannot disclose its name at this time.

Worksport Presents Uniquely Configured Bed Cover Model for Canadian Automotive Store Chain Following Recent $16 Million Annual Sales Agreement with U.S Brand

West Seneca, New York, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”) is pleased to announce that its subsidiary, Terravis Energy, Inc. (“Terravis Energy”), has increased R&D for its Cold Climate Residential Heat Pump, which is also a cooling product, due to expected large-scale growth in the North American and global markets.

Worksport Increases R&D for Terravis Energy Subsidiary's Heat Pump Project

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West Seneca, N.Y., Sept. 19, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (“Worksport” or the “Company”) (Nasdaq: WKSP; WKSPW) announces it has secured a long-term supply agreement with an established, leading automotive aftermarket reseller in the U.S. Under this agreement, Worksport is on track to earn an estimated $16,000,000 USD in annual sales of its advanced hard-folding and soft-folding covers, from this single customer. While estimated sales of $16 Million USD are based on the customer's forecast on an annualized basis, this estimate does not include the customer's expectations of year-over-year growth in sales. The agreement resulted from samples that were provided to and approved by this customer previously. This significant step follows the recent start of manufacturing at Worksport's Western New York-based facility after receiving a robust $1.6 million order for its hard-folding covers and an additional $720,000 order for the soft-folding versions, both from the same customer.

Worksport Signs Long Term Agreement with Customer for US Factory Product and Expects US$16,000,000 in Annual Sales, Marking Significant Growth and Demand at NY Factory.

West Seneca, N.Y., Sept. 14, 2023 (GLOBE NEWSWIRE) -- Worksport (Nasdaq: WKSP; WKSPW) today announces significant strides in the development of its groundbreaking COR battery system, designed to complement the launch of the SOLIS solar cover. This cutting-edge duo is poised to empower remote power supply and extend the driving range of electric pickup trucks, thereby underscoring Worksport's commitment to sustainability and innovation as a cleantech company.

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