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) has filed its annual report with the Securities and Exchange Commission, showing approximately $36 million in assets and $2.1 million in liabilities. The company's cash position has reached $28 million, marking its strongest level since inception. CEO Steven Rossi stated the company is well-positioned for growth after focusing on inventory and transitioning manufacturing from China to North America. Key 2021 milestones include raising $16.1 million in a public offering, completing a Reg A offering, and uplisting to Nasdaq.
Worksport Ltd. (Nasdaq: WKSP) has partnered with N.A. Williams Company for eCommerce operations management across platforms like Amazon and Walmart. This collaboration aims to enhance product visibility, data consistency, and sales optimization. N.A. Williams will implement a B2C sales channel strategy leveraging its expertise to allow Worksport to focus on R&D. The integration will also include a customer relationship management system to support pre- and post-sales services. This initiative is expected to improve customer experiences with Worksport's product offerings by the year's end.
Worksport Ltd (Nasdaq: WKSP) announced CEO Steven Rossi's participation in the 2022 Virtual Growth Conference from March 28-30, hosted by Maxim Group LLC. The conference will run daily from 9:00 a.m. to 5:00 p.m. EDT and feature a variety of sectors including Clean Energy and Electric Vehicles. Attendees can expect presentations, fireside chats, and live Q&A sessions. Worksport focuses on solar and hydrogen-based technologies to meet the shift towards clean energy.
Worksport Ltd. (Nasdaq: WKSP) has appointed Mr. Thomas DiNanno to its Advisory Board. DiNanno, a Hudson Institute Adjunct Fellow, brings extensive experience from key U.S. Government roles focusing on national security and infrastructure. His insights aim to enhance the company’s government sector initiatives. CEO Steven Rossi expressed enthusiasm for collaborating with DiNanno to integrate Worksport and Terravis Energy products into U.S. Government markets, highlighting efforts in clean energy solutions.
Worksport Ltd (Nasdaq: WKSP) has successfully completed testing of its pre-production prototype for the Terravis System™, which includes the Terravis SOLIS and Terravis COR energy storage systems. Production is set to begin by the end of March 2022, with deliveries planned for Q2 2022. The system's design has surpassed engineering expectations, featuring advanced hot swapping and high-quality inverter performance. Management expresses optimism for public adoption of this clean energy technology.
Worksport Ltd (Nasdaq: WKSP) announced a delay in launching new energy solutions from its subsidiary Terravis Energy to ensure accuracy and completeness. The postponement is necessary to highlight recent innovations effectively. The Terravis Energy website will provide detailed, updated information on the company's fast-charging Non-Parasitic Electric Vehicle (NPEV™) systems and the Terravis Microgrid™. Management seeks a few more weeks of patience from the community, emphasizing that the unveiling will showcase significant developments.
Worksport Ltd (Nasdaq: WKSP) is expanding its manufacturing operations by 222,000 square feet in Seneca, NY, to meet rising demand for its solar and hydrogen-based technologies. The facility, strategically located near distribution hubs, will enhance production capabilities with advanced automated systems. Management is securing favorable mortgage rates to maintain cash reserves while acquiring new equipment. The expansion aligns with the company's direct-to-consumer strategy, aiming for strong profit margins and market penetration over the next 12-24 months. Closure is expected by April 2022, pending due diligence.
Worksport Ltd (Nasdaq: WKSP) is set to launch a new website for its subsidiary, Terravis Energy, showcasing its innovative products, including Non-Parasitic Electric Vehicle (NPEV) systems and Terravis Microgrid™ technology. The site aims to address community inquiries and highlight applications of its systems, particularly for municipalities and industries like agriculture and blockchain. CEO Lorenzo H. Rossi emphasized the website's role in promoting transportation decarbonization and sustainable energy solutions.
Worksport Ltd (Nasdaq: WKSP) has secured $1.15 million in matched funding from MITACS and the Canadian Federal government for developing a 50-kW non-parasitic electric vehicle (NPEV) fast charging system. This grant, aimed at advancing transportation electrification, was prepared with Ontario Tech University (OTU) and demonstrates strong feasibility for the project. Initial production of NPEV systems is expected within 60 days, with several businesses already expressing interest. Worksport aims to lead in e-mobility and sustainable energy solutions, showcasing potential for innovative product development.
Worksport Ltd (Nasdaq: WKSP) published a press release detailing its growing intellectual property (IP) portfolio, now comprising 30 patents and 24 trademarks centered on sustainable energy solutions. The Company recently filed a patent for a wire management system to protect electrical components in tonneau covers and introduced patents for its NPEV fast charging stations utilizing hydrogen fuel cells. CEO Steven Rossi emphasized that this robust IP portfolio positions the Company for ongoing strategic evolution and competitive advantage in the clean energy market.
