STOCK TITAN

Highly Anticipated TerraVis Solar & COR Battery Pre-Order Portal Announced

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Worksport Ltd (Nasdaq: WKSP; WKSPW) has announced the countdown to the launch of its Terravis System, a solar-integrated tonneau cover and COR mobile Energy Storage Systems (ESS). Pre-orders will begin on September 21, 2021, at 8:00 AM EST via goterravis.com. The Company expects high demand, with management projecting annual revenues in the 9-figure range. Financing options will be available for customers. The Terravis System aims to broaden Worksport's revenue streams significantly.

Positive
  • Launch of the innovative Terravis System, expected to attract significant consumer interest.
  • Projected annual revenue in the 9-figure range, indicating strong growth potential.
  • Pre-orders indicate high demand, suggesting positive market reception.
Negative
  • None.

Mississauga, Sept. 16, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd (Nasdaq-CM: WKSP; WKSPW) (“Worksport” or the “Company”) is excited to start the countdown on a website the Company has been preparing in anticipation of the Terravis System launch.

It will provide a simple way for the public to reserve their order spot for the market’s first-of-its-kind solar-integrated tonneau cover and COR mobile Energy Storage Systems (ESS), designed and manufactured by Worksport and Terravis Energy.

The systems can operate standalone or with the COR ESS, which features hot-swapping technology. For those who prefer to pay for the systems in installments, Worksport will be setting up financing solutions, details of which will be provided closer to full-scale production. Management believes that providing a financing option will be beneficial to the Company and its customers.

Pre-orders of the highly anticipated TerraVis Systems will begin on Tuesday, September 21, 2021, at 8:00 AM EST. Our pre-order site can be found at www.goterravis.com.

Please note that pre-order volumes will be monitored and limited. Worksport is expecting high global demand and access to pre-order Terravis products could become more exclusive in short order. Management will update shareholders frequently on pre-order volumes and demand.

Management believes the solar cover and COR will significantly broaden the company’s revenue streams, with expectations of annual revenue in the 9-figure range.

About Worksport Ltd.

Worksport Ltd. (Nasdaq: WKSP), 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 renewable, 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 www.worksport.com, www.investworksport.com and www.goterravis.com.

Connect with Worksport

Please follow the company’s social media accounts on Twitter, Facebook, Linkedin, and Instagram, as well as sign up for the company’s newsletters at www.worksport.com or www.investworksport.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.

Linkedin

Facebook

Twitter

Instagram

For additional information, please contact:
Steven Obadiah
Business Development Manager
Worksport Ltd.
T: 1-(888) 506-2013
E: investors@worksport.com
W: www.investworksport.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," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. Such statements include, but are not limited to, statements contained in this press release relating to the view of management of the Company concerning its business strategy, an up listing to a national exchange, future operating results and liquidity and capital resources outlook. Forward‐looking statements are based on the Company's current expectations and assumptions regarding its business, 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. The Company's actual results may differ materially from those contemplated by the forward‐looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward‐looking statements. Factors or events that could cause the Company's actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward‐looking statements to conform these statements to actual results. No Stock Exchange or Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Attachment


FAQ

When does Worksport begin taking pre-orders for the Terravis System?

Pre-orders for the Terravis System will start on September 21, 2021, at 8:00 AM EST.

What products are included in the Terravis System?

The Terravis System includes a solar-integrated tonneau cover and COR mobile Energy Storage Systems (ESS).

What is the expected revenue for Worksport from the Terravis System?

Management expects annual revenue in the 9-figure range from the Terravis System.

Will Worksport offer financing options for the Terravis System?

Yes, Worksport will provide financing solutions for customers wishing to pay in installments.

Worksport, Ltd.

NASDAQ:WKSP

WKSP Rankings

WKSP Latest News

WKSP Stock Data

21.52M
30.92M
8.24%
9.17%
2.24%
Auto Parts
Motor Vehicle Parts & Accessories
Link
United States of America
WEST SENECA