Worksport (Nasdaq: WKSP; WKSPW) is elated to announce that it has
found a top-tier solar panel provider for its highly anticipated
SOLIS Solar Tonneau Cover. This partner is renowned for their
state-of-the-art solar panels and underlying technology. A supply
partner will help set a new standard in renewable energy tech for
vehicles and to provide the most durable and highest quality
flexible solar panels. With this supply partner for SOLIS, the
Company is demonstrating its unwavering commitment to pioneering
sustainable technological solutions.
The sample solar panels presented to Worksport
and tested in Worksport’s SOLIS Solar Cover epitomize resilience
and innovation. Adhering to rigorous environmental and structural
standards, these panels incorporate high-quality components for
extended durability. Designed to withstand wind, water, and direct
impact, they showcase versatility and resilience in all tested
elements and extreme weather, use case scenarios. Featuring
corrosion-resistant structures and a marine-engineered photovoltaic
module with a long lifespan, they also boast UV resistance and
superior flexibility. This top-tier partner underscores Worksport’s
dedication to blending excellence with sustainability.
The SOLIS Solar Cover, complemented by the
trailblazing COR battery system, has already piqued the interest of
multiple automotive manufacturers, notably including Hyundai’s
North American design, technology, and engineering division, as per
an earlier press release. This game-changing innovation would not
only augment the mileage of electric pickup trucks in synergy with
Worksport but also empower conventional pickup trucks with
solar-driven remote power. This energy, meticulously stored in the
COR battery system, positions Worksport at the forefront of
automotive green energy integration.
"Our relentless pursuit of excellence transcends
product development. By aligning with the best solar panel provider
in the industry, we aim to offer our consumers unparalleled energy
efficiency and usability. The SOLIS Solar Cover is not just a
product, but a movement towards a greener future," highlighted CEO
Steven Rossi at Worksport.
In the wake of launching hard-folding tonneau
cover production at Worksport’s U.S. manufacturing facility, as
recently reported, coupled with millions of dollars in initial
purchase orders, the Company is on a trajectory of exponential
growth. Bolstered by encouraging revenue figures, Worksport is now
focused on enhancing production line efficiency. The Company’s
ambitious roadmap includes the expansion of the facility with
additional assembly lines, thus providing an opportunity to expand
its production capabilities and solidify its revenue growth
prospects.
Investors can anticipate comprehensive updates
as rigorous tests are conducted to ensure SOLIS’s unparalleled
quality and performance. With a laser focus on propelling the SOLIS
Solar Cover and the COR battery system into production, Worksport
has a strong position in the sustainable automotive solution space.
Worksport will keep investors informed regarding this prospective
collaboration as panel testing progresses.
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.
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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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