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.
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 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.
Worksport Ltd (Nasdaq: WKSP) has partnered with the Indigenous Critical Infrastructure Fund (ICIF) as its exclusive clean energy partner for sustainable energy infrastructure across Indigenous lands. The partnership aims to leverage advancements in clean energy innovations by Worksport's subsidiary, Terravis Energy, to benefit Indigenous communities. The initial project will provide 50-60MW of power in Cochrane, Ontario, with plans for scalable energy solutions. This collaboration reflects a commitment to economic reconciliation and sustainable development in line with Indigenous aspirations and needs.
Worksport Ltd. (Nasdaq: WKSP) has launched innovative green hydrogen-powered systems through its subsidiary, Terravis Energy. Key products include the Non-Parasitic Electric Vehicle (NPEV™) fast charging systems, the Terravis Energy Microgrid, and the Nanogrid. These technologies aim to enhance clean energy solutions for households, data centers, and electric vehicle industries. The public is encouraged to explore the Terravis Energy website for more insights. CEO Lorenzo H. Rossi emphasized the significance of communication and continuous updates on their website.
Worksport Ltd. (Nasdaq: WKSP) has entered into a letter of understanding with Hyundai America Technical Center, Inc. to develop prototypes for the Worksport SOLIS and a modified COR energy storage system tailored to the Hyundai Santa Cruz's bed. Hyundai provided 3D data for the project, which aims to explore potential collaboration. Both parties expect to present working models by October 2022, with Worksport confident in delivering satisfactory results. This collaboration is set against the backdrop of increasing consumer demand for clean energy solutions in the automotive sector.
