Worksport Pursuing Plan to become a Global Original Equipment Manufacturer
December 08 2021 - 8:00AM
Worksport Ltd
(Nasdaq:
WKSP) (the “Company”) continues its plan to become a
global original equipment manufacturer (OEM). After a solid year of
building, strategizing, and operational change management, the
Company started due diligence on potential automotive manufacturers
as of third quarter this year - - to actively seek out partners
interested in solar integration programs.
Through active efforts, the Company is currently
engaged in discussions with several global automotive manufacturers
for OEM contracts. The Company believes that its new strategy of
growth through obtaining OEM contracts will increase value for the
Company’s shareholders.
If Worksport succeeds in assuming the position
of a major OEM, as a result of this strategy, the Company will be
ready to meet the manufacturing needs of automakers via its first
new manufacturing facility, currently being outfitted with cutting
& milling, metal bending, automated sewing, plastic
application, and tarp-cutting machinery to facilitate majority
automation. Contracts with automotive manufacturers could encompass
the Company’s Terravis System, conventional covers, or both.
“As we have built out, redefined, and matured
the Company’s automotive-based business over this past year, our
new strategy has shown positive results in short order. I am
confident as we continue on this path, we will significantly
strengthen our market position. With a solid, innovative, full
product foundation, Worksport & Terravis Energy can now handle
any pressure and scrutiny a company would face from juggernauts in
automotive manufacturing. We are deeply focused on bringing the
best and most compelling sustainable energy products to market and
look forward to deeper discussions with more automotive
manufacturers as we pursue a number of opportunities,” said Steven
Rossi, CEO Worksport.
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 NP (Non-Parasitic), Hydrogen-based true green
energy solutions for the sustainable, 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,
www.investworksport.com and www.goterravis.com.
Connect with
Worksport:
Please follow the company’s social media
accounts on Twitter, Facebook, Linkedin, and Instagram, as well as
sign up for the company’s newsletters at www.worksport.com or
www.investworksport.com. Worksport Ltd. 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
Twitter
Instagram
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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