Worksport Ltd. (“Worksport” or the “Company”) (Nasdaq: WKSP; WKSPW)
today announces a comprehensive sales strategy, demonstrating a
positive stance on future growth and an unwavering commitment to
maximizing return on investment for its shareholders.
Initiating production in early August,
Worksport’s factory rapidly secured a commanding $1.6 million order
for its premium hard-folding covers. As the Company heightens its
focus on production efficiency, the ensuing months are slated to
witness an expansion of its operational capabilities, inclusive of
multiple new assembly lines, reflecting the Company’s dedication to
amplifying shareholder value through strategic capital
deployment.
This bolstered production capacity positions
Worksport to fortify its brand prominence across eminent B2C
platforms, such as Amazon, Walmart, eBay, and the Company’s own
e-commerce site. Concurrently, the Company projects onboarding a
myriad of new business to business (“B2B”) clientele. Buttressing
this expansion drive is the strategic alliance with four
distinguished sales partners. The first partner, a venerable entity
since 1974, offers representation across all major Canadian
distributors with its six representatives spread across Western and
Eastern Canada. The second, celebrated as an industry titan,
deploys seven agency representatives catering to 14 southeastern
states from Texas to West Virginia. The third, automotive
specialists with a 20-year SEMA affiliation, oversees territories
spanning New Mexico to Montana. Finally, the fourth ensures
meticulous coverage across midwestern states from Minnesota through
Ohio and has garnered over 100 accolades from manufacturers,
encompassing top sales volume recognitions, awards for most
improved sales, and distinctions for both Company representative
and salesperson of the year.
“At Worksport, we’re reshaping the North
American truck bed sector through innovation and strategic
partnerships. Every move, from our superior soft- and hard-folding
covers to our SOLIS solar cover and COR battery system, is a
testament to our commitment to deliver exceptional value,” said
Steven Rossi, Worksport’s Chief Executive Officer.
These partners, strategically aligned with
Worksport’s anticipated surge in production, are primed to
turbocharge the Company’s B2B sales outreach. Initial data reveals
a promising prospect of over 70,000 potential B2B clients, setting
the stage for Worksport to grow sales in the North American truck
bed market.
Simultaneously, Worksport is diligently
advancing its efforts to introduce the SOLIS solar cover and the
COR battery system to the market. The Company is poised to
provide investors with promising updates in the near future.
For shareholders, this narrative echoes
Worksport’s visionary strategy and staunch commitment to driving
sustained growth while continually enhancing shareholder value.
About Worksport
Worksport Ltd. (Nasdaq: WKSP; WKSPW),
through its subsidiaries, designs, develops, manufactures, and owns
the intellectual property 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 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 (collectively, the “Accounts”), the links of
which are links to external third party websites, as well as sign
up for the Company’s newsletters at
investors.worksport.com. The Company does not endorse, ensure
the accuracy of, or accept any responsibility for any content on
these third party websites other than content published by the
Company.
Worksport strives to provide frequent updates of
its operations to its community of investors, clients, and
customers to maintain the highest level of visibility.
LinkedInFacebookTwitterInstagramYouTube
Investors and others should note that the
Company announces material financial information to our investors
using our investor relations website, press releases, Securities
and Exchange Commission (“SEC”) filings, and public conference
calls and webcasts. The Company also uses the Accounts to announce
Company news and other information. The information shared on the
Accounts could be deemed to be material information. As a result,
the Company encourages investors, the media, and others to review
the information the Company publishes on the Accounts.
In order to comply with Regulation FD, the
Company does not selectively disclose material non-public
information on any Account. If there is any significant financial
information, it is the policy of the Company to release it broadly
to the public through a press release or SEC filing prior to
publishing it on one of the Accounts.
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: (i) supply chain delays; (ii)
acceptance of our products by consumers; (iii) delays in or
nonacceptance by third parties to sell our products; and (iv)
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 SEC, including,
without limitation, 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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