Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”)
is excited to announce the expansion of its “B2B”
(Business-to-Business) dealer network in the U.S. and Canadian
Markets. This strategic move aims to establish and increase the
presence and accessibility of Worksport products across the United
States and Canada including on major platforms such as Amazon,
eBay, and Walmart, via B2B resellers.
Worksport anticipates beginning its sales
efforts, developing its B2B network with its first client meetings
planned in early February. Worksport’s sales team,
including multiple sales agencies, are presently preparing for
series of product road shows that will span all of North America.
Worksport is strategically focused on cultivating robust and
lucrative partnerships to seize a share of the estimated $3 billion
Tonneau Cover Market. With approximately 60 million pickup trucks
on the roads in the United States alone, Worksport aims to position
itself as a key player in this thriving market by establishing
lasting and mutually beneficial business relationships.
The cornerstone product where Worksport expects
the most initial interest is its all-new Made in America AL3
Hard-Folding Tonneau Cover - a product that is 90%+ domestically
sourced and a testament to Worksport's commitment to quality and
functionality. The AL3 cover is now available on the Worksport
e-commerce site. However, in a progressive step forward, this
product is expected to be available on major platforms such as
Amazon, eBay, and Walmart, via B2B resellers in its rapidly
expanding dealer B2B dealer network.
The AL3 cover is anticipated to initially be
compatible with and available for a wide range of popular truck
models, including RAM trucks by Stellantis, General Motors brands
such as the GMC Sierra and Chevrolet Silverado, Ford F-Series, Jeep
(Gladiator) by Stellantis, Nissan, and Toyota light trucks.
Steve Ravio, Director of Business at Worksport,
commented on the development, “As a Made-in-America business with a
keen focus on forging long standing and strong business-to-business
relationships, we want to make it clear that Worksport is dedicated
to offering the highest quality, best discounts, exclusive product
versions, special deals, and the latest products to support its
dealer network. We want to fully support local dealers and area
distributors to be successful with the Worksport lineup of
products. We are gearing up to assist our B2B dealers in making
Worksport products available on their e-commerce websites and their
Amazon, eBay, and Walmart platforms, as well as automotive stores
and showrooms across the US and Canada.”
The Company is excited to build out its dealer
network and bring its Made-in-America products to American
consumers. With an estimated 70,000+ automotive related dealers
across the United States, Worksport's management believes there are
tremendous growth opportunities. The team is committed to working
diligently with dealers to ensure the AL3 Hard-Folding Tonneau
Cover and other products are available in every state and province,
enhancing the functionality and style of pickup trucks
nationwide.
Steven Rossi, CEO of Worksport, commented, “We
are eager to see our AL3 and other covers on pickup trucks across
the United States, from California to Florida to New York. Our aim
is to cater to a diverse range of vehicles, including models from
Stellantis, General Motors, Ford, Nissan, and Toyota. Our vision
has always been clear, and now we are actively executing it.”
The AL3 Hard-Folding Tonneau Cover has already
generated significant interest with dealers that need tonneau
covers that fit the popular truck models. As earlier mentioned
Worksports Hard-folding cover fits the RAM by Stellantis, General
Motors brands GMC and Chevrolet, Ford, Jeep by Stellantis, Nissan,
and Toyota. This product, reflecting the pinnacle of American
manufacturing and design, will be accessible through Worksport and
Worksport dealers on Amazon, eBay, and Walmart, providing customers
with various purchasing options.
Worksport's focus on expanding its dealer
network and enhancing product accessibility underlines its
commitment to quality, innovation, and customer satisfaction. The
Company looks forward to a future of continued growth and success
in the North American market.
For further information, please visit
Worksport’s official website for investors at
investors.worksport.com.
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 currently maintains an active partnership
with Hyundai for the SOLIS Solar cover. Additionally, Worksport's
hard-folding cover, designed and manufactured in-house, is
compatible with RAM by Stellantis, General Motors brands GMC and
Chevrolet, Ford, Jeep by Stellantis, Nissan, and Toyota pickup
trucks. 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. Terravis
Energy’s website is terravisenergy.com. For more information,
please visit investors.worksport.com.
Connect with Worksport
Please follow the Company’s social media
accounts on X (previously 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.
LinkedIn
Facebook
X (previously Twitter)
Instagram
YouTube
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 Obadiah, Investor Relations, Worksport 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,” “should," or the negative of
these terms and similar expressions, as they relate to us or our
management, identify forward‐looking statements. As Worksport
continues to innovate and expand the product line, it's important
to clarify the compatibility of Worksport's hard-folding cover.
This advanced accessory is designed to fit a variety of popular
truck models, including RAM by Stellantis, GMC and Chevrolet from
General Motors, Ford, as well as Jeep by Stellantis, Nissan, and
Toyota pickup trucks. While we are proud of the broad compatibility
of our product, we would like to emphasize that this does not imply
exclusive partnerships with RAM by Stellantis, GMC, Chevrolet from
General Motors, Ford, Jeep by Stellantis, Nissan, and/ or Toyota.
Our commitment remains to provide high-quality, versatile truck
accessories that meet the needs of a diverse range of customers and
their vehicles. This statement looks forward to the possibilities
that lie ahead while recognizing the current scope of our product's
reach and compatibility. This statement applies to RAM by
Stellantis, GMC and Chevrolet from General Motors, Ford, as well as
Jeep by Stellantis, Nissan, and Toyota, and to any other model for
which we have not officially announced a partnership. Terravis
Energy, a fully-owned subsidiary of Worksport LTD, may reference
companies such as Tesla as examples for market development, given
Tesla's development of a heat pump. However, this does not imply
that Terravis Energy has established a partnership with Tesla.
Similar references to companies like Tesla in examples or
explanations are purely informational and are used solely for the
purpose of illustrating market trends or technological
developments. 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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