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.
Steven Rossi, Worksport CEO, expressed his
excitement, “It’s a proud moment for us. Not only are we beginning
ahead of schedule, but our state-of-the-art $4million custom
manufacturing line is ready to roll, backed by a team of experts.
Our readiness today stands testament to our resilience,
adaptability, and commitment.”
Worksport's acceleration to this stage
represents a major milestone, underlining the Company's
capabilities in advanced project management and operational
efficiency.
Rossi continued, "Meeting the expected market
demand for our innovative hard- and soft-folding light truck
tonneau covers just became swifter. This early kickoff marks the
first step towards our vision for the SOLIS solar cover, which will
be made possible once our redesigned COR battery system enters the
market."
Being ahead of schedule is a result of
Worksport’s unmatched drive and reinforces investor confidence in
its growth and revenue prospects. Notably, the Company already
boasts approval of its hard-folding tonneau cover samples from a
major U.S. automotive aftermarket accessories reseller, indicating
a promising start and potentially rapid revenue growth.
Reflecting on this key achievement, Rossi
shared, "Seeing the first batch of our advanced hard-folding
tonneau covers coming off the production line in our U.S.-owned
factory is a monumental sight. It embodies our relentless drive and
foreshadows substantial revenue growth, further cementing our
commitment to American quality and innovation."
With production now starting, Worksport is
poised for revenue growth with the recently received $1.6 million
purchase order for its flagship hard-folding tonneau covers.
Updates on the progress of the COR HD advanced hot-swap battery
system are forthcoming, with the subsequent launch of the SOLIS
cover eagerly anticipated by the market.
For further information, please visit Worksport’s official
website for investors at investors.worksport.com.
About Worksport Ltd.
Worksport Ltd. (Nasdaq: WKSP; WKSPW),
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 investors.worksport.com
Connect with Worksport:
Please follow the company’s social media accounts on Twitter, Facebook, LinkedIn, YouTube, and Instagram,
as well as sign up for the company’s newsletters at
investors.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.
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For additional information, please contact:
Steven ObadiahInvestor RelationsWorksport
Ltd.T: 1 (888) 554 8789
E: investors@worksport.com
W: www.worksport.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," “project,” or the negative of these
terms and similar expressions, as they relate to us or our
management, identify forward‐looking statements. Forward-looking
statements are neither historical facts nor assurances of future
performance. Instead, they are based only on our current
beliefs, expectations and assumptions regarding the
future of our business, future plans and strategies, projections,
anticipated events and trends, 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 and many of
which are outside of our control. Our actual results and financial
condition may differ materially from those indicated in the
forward-looking statements. Therefore, you should not rely on any
of these forward-looking statements. Important factors that could
cause our actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include, among others, the following: supply chain delays,
acceptance of our products by consumers, delays in or nonacceptance
by third parties to sell our products, competition from other
producers of similar products. More detailed information about
the Company and the risk factors that may affect the realization of
forward-looking statements is set forth in the Company’s filings
with the Securities and Exchange Commission (SEC),
including our Annual Report on Form 10-K and our Quarterly Reports
on Form 10-Q. Investors and security holders are urged to read
these documents free of charge on the SEC’s web site
at www.sec.gov. As a result of these matters, changes in
facts, assumptions not being realized or other circumstances, the
Company's actual results may differ materially from the expected
results discussed in the forward-looking statements contained in
this press release. The forward-looking statements made in this
press release are made only as of the date of this press release,
and the Company undertakes no obligation to update them to reflect
subsequent events or circumstances.
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