Worksport Ltd. Announces Formation of Wholly Owned Subsidiary - TerraVis Energy, Inc.
Worksport Ltd (Nasdaq-CM:
(“Worksport” or the “Company”) is announcing the incorporation of
Terravis Energy, Inc. (or “Terravis Energy”), a wholly-owned
subsidiary of Worksport Ltd.
The Company has established Terravis Energy to
execute on the Company’s global mission to become a leader in the
energy creation and storage markets. The Company’s initial research
into solar and energy storage system (ESS) initiatives uncovered
opportunities even greater than initially thought, leading to the
creation of Terravis Energy to maximize these opportunities.
Terravis Energy will focus on harnessing and advancing renewable,
green energy-based technologies, expanding on the vision that began
more than five years ago – leading Worksport to partners who
identify with the Company’s mission to truly decarbonize
transportation. Terravis will be helmed by Mr. Lorenzo Rossi: A
director of Worksport, visionary who helped lay the foundation for
the Company’s solar and energy storage system (ESS) products, and
father to Worksport CEO Steven Rossi.
Lorenzo Rossi has been appointed President &
CEO of Terravis Energy, Inc. Lorenzo holds numerous degrees
including a B.A., B.Ed., and an M.Ed. from the University of
Toronto. He is the former Chair of Finance for the York Catholic
District School Board and Former Director of NEOTEL, a biometric
company listed on the TSX. Lorenzo was also President and founder
of Virtual Academy Online, founded in 2009 as the first
ministry-licensed e-learning high school in Ontario.
“I am delighted to be appointed to this new role
at Terravis Energy,” said Lorenzo Rossi. “I hope my role will be
instrumental in helping our company bring various forms of
renewable energy to the masses. The energy storage market alone is
estimated to reach $19.7 billion by 2027, with a more than 20% CAGR
between now and then. We believe Terravis Energy is at the
forefront of innovation in this growing sector. Our team’s duty is
to understand clients’ needs and the ways in which consumers will
want to adopt new green energy technologies, paving the way for our
teams to develop solid strategies specifically designed to
decarbonize transportation and facilitate the adoption by the
masses of both BEVs and FCEVs,” Mr. Rossi continued.
Worksport Ltd. CEO Steven Rossi comments,
“Terravis Energy will cross-pollinate with Worksport’s truck bed
systems and branch outwards to broader global markets, shifting to
truly green energy production and consumption, independent of
current electrical infrastructure. Another part of our grand vision
is to deploy Hydrogen-based EV charging solutions as well as
neighborhood and private home power grids.”
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 clean energy
integration and the automotive industries. Worksport Ltd. seeks to
capitalize on the growing shift of consumer mindsets towards clean
energy 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.
Connect with Worksport:
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accounts on Twitter, Facebook, Linkedin, and Instagram, as well as
sign up for the company’s newsletters at www.worksport.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.
For additional information, please
Development ManagerWorksport Ltd.T: 1-(888)
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