Welcome to our dedicated page for Worksport news (Ticker: WKSP), a resource for investors and traders seeking the latest updates and insights on Worksport stock.
Worksport Ltd (WKSP) delivers innovative solutions through its automotive accessories and sustainable energy systems. This news hub provides investors and industry observers with official updates on corporate milestones, product developments, and financial performance.
Access timely press releases covering earnings reports, manufacturing advancements, and technological breakthroughs in solar integration. Track strategic partnerships and regulatory filings that shape the company's position in both automotive and clean energy markets.
Our curated collection ensures transparent access to Worksport's operational updates without speculative analysis. Discover announcements about new tonneau cover designs, hydrogen energy initiatives, and intellectual property developments directly from primary sources.
Bookmark this page for streamlined monitoring of Worksport's progress in merging automotive functionality with sustainable technology. Verify all information through official SEC filings and company communications linked within each news item.
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Worksport Ltd. (Nasdaq: WKSP; WKSPW) completes its second assembly line for hard-folding covers, marking a significant advancement in sustainable automotive innovation. The company achieved a 2,399% year-over-year revenue growth in Q3 2023 vs 2022, leading to the completion of the second assembly line to meet the substantial $16 million annual sales agreement. CEO Steven Rossi expressed pride in the progress, emphasizing the commitment to growth and innovation, as well as dedication to meeting customer needs and sales objectives.
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Worksport Ltd. (WKSP; WKSPW) partners with a Canadian manufacturer to design, develop, and assemble the COR battery system in Canada. This strategic move aligns with the upcoming Alpha Release of the COR battery system and Worksport's commitment to renewable energy solutions. The company also plans to provide updates on the SOLIS solar cover development, reflecting its continued innovation in the renewable energy sector.
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Worksport Ltd. (WKSP) extends Thanksgiving wishes to employees, investors, and stakeholders. Recent achievements include a long-term agreement for US factory product, R&D for Terravis Energy's heat pump project, registered direct offering, and significant Q3 revenue growth of 2400% YoY.
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Worksport Ltd. (Nasdaq: WKSP; WKSPW) announces the transition of its groundbreaking COR battery system into the Test Phase, marking the beginning of intensive testing. The COR system is designed for pickup truck beds and independent use, with a focus on resilience, durability, and adaptability to diverse challenges. The Test Phase will include performance evaluations in extreme climates, rigorous terrain trials, examinations in humidity, vertical drops, splash water, and spray situations, as well as shock tests. This phase aligns with the recent Alpha Release, aiming to gather feedback for further improvements before the Mass Market Release of the COR battery system and the SOLIS solar cover.
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Worksport Ltd. (Nasdaq: WKSP; WKSPW) reports a significant revenue growth of approximately 2399% in North American sales for Q3 FY2023, reflecting the company's expanding production and fulfillment of large sales orders. Expansion in product offerings, significant purchase orders, and strategic partnerships contribute to the strong financial results.
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Worksport Ltd. is preparing for an alpha release of its COR battery system. The company is streamlining its supply chain and forging partnership agreements with global suppliers. The alpha release will serve as a preliminary user iteration before the mass-market release. Worksport is also expanding its production capabilities and its subsidiary, Terravis Energy, plans to increase research and development for its heat pump.
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Worksport Ltd. has entered into a securities purchase agreement with a single institutional investor for a registered direct offering. The investor will purchase 3,500,000 shares of common stock and receive warrants to purchase up to 7,000,000 shares. The combined offering price for each share and warrant is $1.34. The gross proceeds to the company are estimated to be approximately $4.7 million.
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Worksport receives interest from a leading Canada-based automotive aftermarket reseller for its hard-folding tonneau covers. The potential customer has an annual sales volume of over $10 billion CAD. Worksport is also expanding into the cleantech sector with its SOLIS Solar Cover and COR Battery System.
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Worksport's subsidiary, Terravis Energy, is increasing R&D for its Cold Climate Residential Heat Pump due to expected growth in North American and global markets. The pump utilizes a special fluid to transfer heat and offers zero-emission, sustainable energy for heating and cooling homes. The North American market is estimated to reach $7.3 billion with a projected 9% annual growth rate, while the global market is expected to reach $121.5 billion by 2032. The market expansion is driven by government initiatives to reduce carbon emissions and consumer demand for energy-efficient technologies.
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Worksport secures long-term supply agreement, expects $16M in annual sales from single customer
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Worksport Ltd
Nasdaq:WKSP
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WKSP Stock Data
12.85M
4.47M
5.39%
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2.37%
Auto Parts
Motor Vehicle Parts & Accessories
United States
WEST SENECA