Worksport Strengthens In-House IP Portfolio focused on Sustainable Energy Markets
December 15 2021 - 8:00AM
Worksport Ltd
(Nasdaq:
WKSP) (the “Company”) continues adding to and developing
its in-house IP portfolio focused on the sustainable energy
markets. The Company now holds 30 patents and 24 trademarks to
date, providing protective rights for its solar-integrated
products, its Hydrogen fuel cell-powered systems, as well as its
conventional tonneau cover products.
This, in turn, provides the Company with full
controlling rights on its proprietary mechanical components,
electrical/electronics concepts, thermal management,
manufacturability considerations, failsafe contingencies, sizing
constraints, and mobility aspects.
The Company recently filed for a patent
protecting a wire management system, designed to safeguard any kind
of electrical component that is hosted by both soft-fold and
hard-fold tonneau covers from overly aggressive usage. Management
believes this system will be invaluable to Worksport as
Photovoltaic (“PV”) cell structures become more prevalent in the
automotive markets.
Another example is a patent for the Company’s
NPEV fast charging stations, which includes a plurality of hydrogen
fuel cells (HFC) configured to convert hydrogen into electricity.
The key advantage is to be non-parasitic, where the system does not
require coupling to a commercial power grid - - conducive for
relocating. Management believes this capability will provide for a
variety of implementations and versatility.
“Our competitive, in-house IP portfolio has
allowed us to evolve our business strategies that we believe will
pay dividends year after year after year. We will continue building
it up as we champion our business programs across the globe,” 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
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,"
"future," "intend," "plan," or the negative of these terms and
similar expressions, as they relate to us or our management,
identify forward‐looking statements. Such statements include, but
are not limited to, statements contained in this press release
relating to the view of management of the Company concerning its
business strategy, an up listing to a national exchange, future
operating results and liquidity and capital resources outlook.
Forward‐looking statements are based on the Company's current
expectations and assumptions regarding its business, 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.
The Company's actual results may differ materially from those
contemplated by the forward‐looking statements. They are neither
statements of historical fact nor guarantees of assurance of future
performance. We caution you therefore against relying on any of
these forward‐looking statements. Factors or events that could
cause the Company's actual results to differ may emerge from time
to time, and it is not possible for the Company to predict all of
them. The Company cannot guarantee future results, levels of
activity, performance, or achievements. Except as required by
applicable law, including the securities laws of the United States,
the Company does not intend to update any of the forward‐looking
statements to conform these statements to actual results. No Stock
Exchange or Regulation Services Provider accepts responsibility for
the adequacy or accuracy of this release.
Worksport (NASDAQ:WKSP)
Historical Stock Chart
From Aug 2024 to Sep 2024
Worksport (NASDAQ:WKSP)
Historical Stock Chart
From Sep 2023 to Sep 2024