Worksport Ltd (Nasdaq-CM: WKSP; WKSPW) (“Worksport” or the
“Company”), through its subsidiary Terravis Energy, Inc. (or
“Terravis Energy”), today outlined additional details on its
collaboration with Ontario Tech University to develop Terravis
Energy’s NP (non-parasitic) hydrogen solutions.
This initiative is part of a two-year, $2.3
million project funded equally by Worksport and the Canadian
Government that will incorporate efforts and resources from
Worksport, Terravis Energy, an OTU research team led by Dr. Sheldon
Williamson, and the Canadian government. The collaboration will
include R&D teams of professors, PhD candidates, and
post-Doctoral fellowships in a collective effort to bring
groundbreaking, grid-independent, green energy solutions to market.
The teams will also have full access to the unique, world-renowned
Ontario Tech-Automotive Center of Excellence (ACE), the first
commercial automotive research, development, and innovation center
of its kind in the world. The facility includes a comprehensive
array of testing equipment - including one of the largest and most
sophisticated climatic wind tunnels on the planet. The OTU-ACE
climatic wind tunnel is a place where world-class researchers and
engineers collaborate to create, test, and validate
paradigm-shifting innovations. General Motors, for example, used
the OTU-ACE’s climatic wind tunnel to test its Hummer EV.
Dr. Williamson is a professor at Ontario Tech
University and holds the NSERC Canada Research Chair position in
Electric Energy Storage Systems for Transportation Electrification.
“This project has initiated the development for the next generation
of high-power, sustainable, and non-parasitic (grid-independent)
solutions,” said Williamson. “We expect there will be enormous
demand in the markets for electrified transportation and power
infrastructure within Canada and across North America, especially
in grid-constrained locations. Ontario Tech University is very
excited to join hands with Worksport Ltd. in this collaborative
R&D effort, which will help identify current research
challenges, and lead to the development of world-class innovative
solutions.”
The Company’s research with Ontario Tech
University thus far has uncovered what Company management believes
will be new, lucrative paths to clean energy adoption by the
market, possibly paving the way for additional backing from the
Canadian Government. Among the many breakthroughs that have come
from this collaboration to date is the system’s charging rate
enhancement modularity. This development enables increased charging
capabilities as battery technologies evolve, and it represents a
significant milestone in Terravis Energy’s positioning as an
industry innovator.
Terravis Energy, Inc. President & CEO
Lorenzo Rossi comments, “We believe our process for integrating and
utilizing Hydrogen fuel cells into NP (non-parasitic) systems will
demonstrably shift consumer mindsets to adopt our grid-independent
clean energy solutions over systems that aren’t as environmentally
friendly. We’re believe that our full access to the OTU-ACE and our
collaboration with the incredible minds from the University will
allow us to demonstrate our first iteration of fast charger
prototypes sometime in 2022.”
In addition to use of the OUT-ACE, the research
teams will have access to cutting-edge facilities and research
equipment in the Advanced Storage Systems and Electric
Transportation (ASSET) lab, which boasts equipment such as battery
pack and cell simulators, programmable loads, regenerative grid
simulators, and advanced thermal chambers. This specialized
equipment is unique and available only to Prof. Williamson’s
lab.
Lastly, the Company will also have access to the
world-renowned Clean Energy Research Lab (CERL), a cutting-edge
laboratory that pioneers in clean energy research – more
specifically clean hydrogen production and fuel cell
technology.
About Worksport
Ltd.
Worksport Ltd. (Nasdaq: WKSP), through its
subsidiaries, designs, develops, manufactures, and owns the IP on a
variety of tonneau covers, solar integrations, and Hydrogen-based,
NP (Non-Parasitic) true green energy solutions for the renewable,
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 or
www.investworksport.com
Connect with
Worksport:
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and customers to maintain the highest level of visibility.
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For additional information, please
contact:Steven ObadiahBusiness
Development ManagerWorksport Ltd.T: 1-(888)
506-2013E: investors@worksport.comW:
www.investworksport.com
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- Worksport Ltd.
- Dr. Williamson is a professor at Ontario Tech University
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