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 achieves 581% revenue growth in Q3 2024, eyes clean energy market for future success

Worksport's Q3 performance reflects strong revenue growth and strategic initiatives to drive future profitability. By focusing on expanding B2B and B2C segments, launching new products, and entering the clean energy market, Worksport aims for sustained growth and enhanced financial performance in 2025.

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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.

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.

Worksport Advances Towards the Launch of SOLIS Solar Cover with Innovative COR Battery System

West Seneca, N.Y., Sept. 07, 2023 (GLOBE NEWSWIRE) -- Worksport (Nasdaq: WKSP; WKSPW) is elated to announce that it has found a top-tier solar panel provider for its highly anticipated SOLIS Solar Tonneau Cover. This partner is renowned for their state-of-the-art solar panels and underlying technology. A supply partner will help set a new standard in renewable energy tech for vehicles and to provide the most durable and highest quality flexible solar panels. With this supply partner for SOLIS, the Company is demonstrating its unwavering commitment to pioneering sustainable technological solutions.

Worksport Announces Strong Solar Panel Supply Partner for SOLIS, Focusing On Bringing SOLIS Solar Cover and COR Battery System To Market

West Seneca, N.Y., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Worksport (Nasdaq: WKSP; WKSPW) is thrilled to announce the successful dispatch of its first shipment of hard-folding tonneau covers, which are made in the U.S. with domestic and imported components. This major development comes on the heels of the Company initiating manufacturing earlier this month, and aligns with recent sizable orders, notably a $700,000 order for soft folding covers and a staggering $1,600,000 order for hard-folding covers, both from a national U.S. customer and reseller of automotive aftermarket accessories.

Worksport Achieves Major Milestone with First Shipment of Hard-Folding Tonneau Covers From US Facility, Order of $1,600,000 in Process

West Seneca, N.Y., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) announced year-over-year revenue growth for the second quarter of 2023. This growth is largely credited due to the Company's focus on establishing new business-to-consumer and business-to-business sales channels.

Worksport Reports Revenue Growth for Q2 2023 YoY and Announces Strategic Developments in Solis Solar Cover and COR Battery Systems

Richmond Hill, Ontario, Canada, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”) is pleased to present its Canadian-based Power Electronics team, a very strong group that is responsible for 100% of the Company's renewable energy design research and development. The team, led by Director of Engineering Dr. Rafael Oliveira, consists of employees and contractors having advanced degrees, including masters and doctorate degrees, along with substantial electrical and electromechanical industry experiences.

Worksport Presents Power Electronics Team

West Seneca, N.Y., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Steven Rossi, the CEO of Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”), made the following remarks regarding the Company's commencement of production of hard-folding tonneau covers at the Company's 220,000 square foot in West Seneca, NY which started production last Tuesday August 1.

[Updated] Worksport CEO Steven Rossi Remarks on Factory Opening

West Seneca, N.Y., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Pioneering automotive and energy product manufacturer Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport”) today announced the commencement of production in its new 220,000 square-foot West Seneca, NY, facility, a week ahead of its scheduled launch.

Worksport Announces Early Start of Production in New Western N.Y. Factory: A Week Ahead of Schedule

West Seneca, N.Y., July 24, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) announces plans to further enhance its manufacturing prowess. In a bold move to boost production speed, margin, quality, and revenue, the Company has announced its intentions to invest $1,500,000 over the next 18 months with a strong potential for additional investment in a range of automation tools, notably in the realm of robotics. As part of its mission to achieve the zenith of production efficiency.

Worksport Ltd. Seeks to Scale Production Capabilities with Advanced Automation and Robotics

West Seneca, New York, United States, July 20, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ: WKSP; WKSPW) is pleased to announce an eagerly awaited update on its operational developments. With its first assembly line now completed and primed for action, the Company is on track to start production in just three weeks.

Worksport Achieves Milestone with First Assembly Line Completion, Production Scheduled to Commence in Just Three Weeks

West Seneca, New York, United States, July 18, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. ("Worksport" or the "Company") (NASDAQ: WKSP; WKSPW) is delighted to announce that certain of the Company's hard tonneau covers now qualify for an esteemed "Made in the USA" label.

Worksport Proudly Announces Qualified "Made in the USA" Designation for Certain Products

West Seneca, New York, United States, July 11, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ: WKSP; WKSPW) today announces the Company's significant progress in its operational developments, in particular, the initiation of final training and validation processes for their new U.S. manufacturing line of hard-folding tonneau covers.

Worksport Announces Final Training and Validation of New U.S. Manufacturing Line. Production Expected to Start in Upcoming Weeks

West Seneca, New York, United States, July 03, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) ("Worksport" or the "Company") is excited to announce the opening of its cutting-edge automotive product R&D Center in Springfield, MO. This strategic location, nestled in the heartland of the U.S., is known for its vibrant truck culture, positioning the Company at the center of its target demographic.

Worksport Opens State-of-the-Art R&D Facility in Springfield, Missouri, Paving the Way for Market Innovations

Richmond Hill, Ontario, Canada, June 20, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”) is excited to announce that it plans to apply for ISO 9000 certification, an internationally recognized standard for quality management systems, for its wholly owned 220,000 sq. ft. Western N.Y. manufacturing facility. With a new manufacturing line in the test and training phase, the Company expects soon to deliver its innovative, industry-leading light truck tonneau covers and later manufacture its groundbreaking SOLIS solar tonneau covers, designed to work with COR, Worksport's newly improved hot swap battery system.

Worksport Ltd. To Apply for ISO 9000 Certification

West Seneca, New York, June 01, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company or “Worksport”), a provider of innovative truck bed cover solutions, proudly announces the official launch of its latest product, the SC4 PRO soft folding tonneau cover. This cutting-edge addition to Worksport's product portfolio marks a significant milestone in the Company's commitment to truck bed innovations and sustainable revenue growth.

Worksport LTD Launches New Soft Folding Tonneau Cover, SC4 PRO, Expanding Product Line and Revenue Opportunities

Richmond Hill, Ontario, Canada, May 24, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”) is pleased to announce that a national U.S. customer and reseller of automotive aftermarket accessories has approved the hard-folding light truck cover samples the Company had supplied previously for the reseller's review and testing.

Worksport Hard-Folding Truck Cover Samples Approved for Production by National U.S. Automotive Aftermarket Reseller

Richmond Hill, Ontario, Canada, May 10, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”) is pleased to announce that it has completed its production of samples of the Company's hard-folding light truck bed covers at its West Seneca, N.Y. manufacturing facility. The covers are expected to be shipped to potential clients interested in purchasing large quantities of the Company's US-assembled products.

Worksport completes sample production of hard-folding truck bed covers for shipment to potential private-label customers.

Richmond Hill, Ontario, Canada, April 20, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”) is excited to announce that its advanced, industry-leading folding soft tonneau covers for light-duty trucks are anticipated to be available in the next 4 weeks in a wide range of sizes and configurations to serve pickup trucks from nine automotive manufacturers: Chevrolet, Jeep, Dodge, RAM, Ford, Nissan, Honda, Hyundai, and Toyota through Worksport's ecommerce platform on www.worksport.com.

Worksport announces tonneau cover availability for Chevrolet, Jeep, Dodge, RAM, Ford, Nissan, Honda, Hyundai, and Toyota

Richmond Hill, Ontario, Canada, April 12, 2023 (GLOBE NEWSWIRE) -- Steven Rossi, CEO of Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”), appeared recently as a panelist at the Electric Vehicle and Auto Tech Virtual Conference presented by Maxim Group, where he discussed progress at Worksport and TerraVis Energy.

Worksport CEO Steven Rossi Recaps Company Progress at Electric Vehicle and Auto Tech Virtual Conference

-- Installation and Training Next -- Richmond Hill, Ontario, Canada, March 14, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”) is excited to announce that its US$4 million custom European manufacturing line has arrived at the Company's 222,000 sq. ft. factory in Western N.Y. – one month earlier than initially scheduled. The Company anticipates making final preparations for the American production of its advanced, hard-folding tonneau cover -- and later, the proprietary SOLIS solar-charging tonneau cover -- for the growing pickup truck market.

Worksport's US$4 million European Machine Line Arrives at Company's New York Factory.

Richmond Hill, Ontario, Canada, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”) is happy to announce that it will hold a Job Fair at its new state-of-the-art U.S. based automotive accessory factory at 2500 North America Drive, West Seneca, N.Y., from 11 a.m. to 3 p.m. on Thursday, February 23rd. The Company's West Seneca factory is set to produce advanced hard folding tonneau covers for the large and growing light truck market. The factory, purchased by the Company in 2021, has been under re-tooling and is expected to begin production this Spring. From this facility, the Company is also planning to make SOLIS—its proprietary solar-charging truck cover, attracting widespread consumer and industry interest—among other products contributing to a zero-carbon-emission environment.

Worksport to Hold Job Fair at West Seneca, N.Y. Facility on Feb. 23rd

Richmond Hill, Ontario, Canada, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”) is pleased to announce that its US$4 million custom European manufacturing line has now begun the shipping process to the Company's wholly-owned 222,000 sq. ft. factory in Western N.Y., with an estimated arrival date of February 28th – one month earlier than initially anticipated. The manufacturing line is an essential component of the Company's final preparations for full production of its advanced, proprietary hard-folding tonneau cover -- and later, the proprietary Solis solar cover -- for the growing pickup truck market.

Worksport Ltd. Announces US$4 Million Manufacturing Line Shipped to its U.S. Factory; Estimated Arrival 1 Month Earlier than Expected.

Richmond Hill, Ontario, Canada, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”) is pleased to announce that the custom European manufacturing line it commissioned has passed a rigorous on-site inspection and will now be readied for shipping to the Company's 222,000 sq. ft. factory in Western N.Y. The US$4 million machine -- essential to begin production of Worksport's American-made hard folding truck covers -- is expected to arrive this March.

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