Worksport, Ltd. - WKSP STOCK NEWS

Worksport Ltd. (Nasdaq: WKSP) has announced anticipated unrealized revenue of US$350,000-$450,000 from pre-orders of its innovative solar truck bed tonneau cover, SOLIS, and portable energy storage system, COR. Management attributes this success to a stronger-than-expected pre-sale performance despite minimal marketing efforts. The company plans to initiate manufacturing by Q4 2022 at its West Seneca, NY facility. CEO Steven Rossi expressed optimism about the potential disruption of the EV and energy storage markets, highlighting that customer insights gained will inform targeted marketing efforts.

Worksport Ltd. (Nasdaq: WKSP) has launched its new eCommerce platform aimed at enhancing sales of its patented truck bed tonneau covers and renewable energy solutions. The platform features products like the SC3, SC3 Pro, and SC4 covers, as well as the innovative SOLIS solar-integrated cover and COR portable energy storage system. CEO Steven Rossi emphasized the importance of this launch for controlling production and sales. The online site will also connect to major retailers such as Amazon and Wal-Mart, providing additional revenue opportunities.

Worksport Ltd. (Nasdaq: WKSP) is in negotiations with three major global automakers, including Hyundai, to develop proprietary SOLIS solar truck bed covers and COR energy storage systems for upcoming EV models. CEO Steven Rossi highlighted the interest from a Canadian division of another global automaker and a major U.S. manufacturer. The company's innovative products aim to transform the light truck market into mobile solar power generators. A new Director of Business position will support these efforts beginning September 1, 2022, reinforcing Worksport's commitment to growth and sustainability.

Worksport Ltd (Nasdaq: WKSP) has secured $1.15 Million in matched funding from MITACS, in collaboration with the Canadian Federal government, through its subsidiary Terravis Energy Inc. This funding aims to advance the development of a 50-kW non-parasitic electric vehicle (NPEV) fast charging system. The grant proposal was peer-reviewed and emphasized the project's feasibility, promising extensive research applications. The funding facilitates the enterprise implementation of the NPEV system, with initial production planned in 60 days following the project's successful phase one completion.

Worksport Ltd. (Nasdaq: WKSP) celebrates its nearly one-year anniversary of uplisting to Nasdaq with a Closing Bell ceremony, symbolizing a key milestone in the company’s journey. CEO Steven Rossi expressed gratitude to Nasdaq and highlighted Worksport's advancements in clean energy solutions, particularly its proprietary SOLIS truck bed tonneau cover with solar panels and the COR portable energy storage system. These innovations aim to meet the rising consumer demand for clean energy technologies and position Worksport at the forefront of the automotive and energy market.

Worksport launches eCommerce storefronts on Amazon, eBay, and Walmart Marketplace to capitalize on the growing shift towards clean energy. Management believes this will help realize revenue sooner in 2022. Worksport products are once again available for consumer purchase, marking the completion of phase one of the Company's restructuring plan. Worksport is also working on bringing new made in the United States products to market.

Worksport Ltd. (Nasdaq: WKSP) announces its participation in the 12th Annual LD Micro Invitational on June 8, 2022, at 2:00 PM PT. CEO Steven Rossi will present updates on the company's innovations, including a revolutionary solar-integrated truck bed cover and energy storage system. The event, aimed at showcasing emerging companies, will feature over 200 firms presenting across three days, enhancing investor connections. For further details and registration, visit here.

Worksport Ltd. (Nasdaq: WKSP) will present at the H.C. Wainwright Global Investment Conference from May 23-26, 2022. CEO Steven Rossi will discuss the company's initiatives related to solar and green hydrogen technologies, including its recent purchase of a 222,000 sq-ft production facility in West Seneca. The event aims to enhance investor relations and provide insights into Worksport's vision for clean energy solutions. Worksport's presentation is scheduled for May 25 at 2:30 PM EST, with over 500 companies participating.

Worksport Ltd. (Nasdaq: WKSP) has acquired a manufacturing facility in West Seneca, New York, for $8.125 million, with $5.3 million financed through a loan. The 152,847 square-foot facility will produce its new solar cover, SOLIS, using advanced manufacturing technologies. This strategic move aims to enhance production capabilities and reduce supply chain issues. The facility is expected to be operational within three months, with plans for full capacity by the end of 2022. The investment is seen as a significant step towards establishing a robust local production base.