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) reports a 2,050% YOY revenue increase in Q4 FY2023, reaching US$839,690. The company also experienced an 83% increase in North American revenues from Q3 to Q4 2023. Worksport anticipates continued revenue growth into 2024, with a focus on expanding production lines and launching new products, such as the COR battery system and the SOLIS solar cover. Terravis Energy, a Worksport subsidiary, achieved a significant breakthrough in the development of a Cold Climate, Air Source Residential Heat Pump, surpassing current leading Heat Pump systems by as much as 40%. The company is poised for further growth and expansion, with a strong focus on sustainability and innovation.
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Worksport Ltd. and its subsidiary, Terravis Energy, Inc., are considering partners in a supply chain for the Cold Climate, Air Source Residential Heat Pump (CCHP). Terravis CEO Lorenzo H. Rossi recently attended the 2024 AHR Expo in Chicago to meet potential suppliers. The Terravis Heat Pump is expected to redefine heating technology without the use of supplemental heat coils, with the potential to reduce carbon emissions worldwide. Worksport CEO Steven Rossi emphasized the company's commitment to a zero-emission future. Worksport and Terravis will provide updates on the product's development and testing process.
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Worksport Ltd. announces expansion of its B2B dealer network in the U.S. and Canadian markets, aiming to increase product accessibility and presence. The company plans to establish partnerships with major platforms such as Amazon, eBay, and Walmart. Worksport anticipates beginning sales efforts in early February and is strategically focused on seizing a share of the estimated $3 billion Tonneau Cover Market. The cornerstone product, the AL3 Hard-Folding Tonneau Cover, is expected to be compatible with popular truck models and will be available on major platforms via B2B resellers. Worksport is dedicated to offering the highest quality and best discounts to support its dealer network, aiming to bring its Made-in-America products to American consumers. The CEO, Steven Rossi, expresses eagerness to see Worksport covers on pickup trucks nationwide, reflecting the company's commitment to quality, innovation, and customer satisfaction.
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Worksport Ltd. (Nasdaq: WKSP) announces the launch of its first hard-folding tonneau cover, the Worksport AL3 PRO Low Profile Aluminum Tonneau Cover, made in the USA and designed to set new standards in the truck accessory market. The product is expected to be compatible with popular truck models, including RAM, General Motors brands, Ford, Jeep, Nissan, and Toyota, with Honda Ridgeline compatibility coming soon. The cover boasts robust construction, sleek design, and user-friendly functionality, with features like weather resistance, easy installation, and a limited 3-year warranty. Worksport plans to announce retail and distribution channels soon, reflecting the brand's commitment to quality and innovation.
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Worksport Ltd. (Nasdaq: WKSP; WKSPW) announces the first mass production of solar panels for its SOLIS Solar Cover, with an initial order placed and production expected to start between January and February 2024. The solar panels are designed for Ford, RAM (Stellantis), and General Motors light pickup trucks, offering an eco-friendly and innovative solution for vehicle power needs. The company's CEO, Steven Rossi, emphasizes the importance of this advancement in line with the global emphasis on renewable energy sources and sustainable practices in the automotive sector.
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Worksport Ltd. announces the purchase of necessary inventory parts for the Alpha Release of its COR Portable Energy Storage System, showcasing confidence in forthcoming test results and commitment to swift market introduction. The move is expected to expedite the manufacturing process and ensure availability of SOLIS Solar Cover and COR Battery System to consumers without delays.
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Worksport Ltd. (WKSP) announces plans to expand soft folding tonneau cover production to a second overseas factory to meet anticipated demand in the USA and Canada. The company is also increasing production capacity for hard folding tonneau covers at its facility in Buffalo, New York. Worksport's CEO, Steven Rossi, emphasizes the company's commitment to innovation and quality, highlighting the development of the SOLIS Solar Cover and the COR Battery System. The expansion in China and the production boost in Buffalo reflect Worksport's global vision and operational excellence.
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Worksport Ltd. (WKSP) and its subsidiary, Terravis Energy, Inc., announce a breakthrough in early test results for Terravis’ Cold Climate, Air Source Residential Heat Pump, surpassing current commercial units by as much as 40%. The product is expected to redefine the boundaries of heating technology without the use of supplemental heating coils, thriving in the harshest North American winters. The company is moving to the commercial design stage after rigorous testing, aiming to create a comfortable and reliable temperature regardless of severe weather conditions.
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Worksport Ltd. (Nasdaq: WKSP; WKSPW) announces a strategic partnership with NeuronicWorks Inc. to manufacture and assemble the COR battery system for its Alpha release. The partnership aims to ensure high-quality standards and 'Made in North America' products. Worksport's CEO and CTO express excitement and commitment to quality and sustainability. NeuronicWorks CEO emphasizes the company's commitment to innovation in cleantech and green energy.
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Worksport Ltd. (Nasdaq: WKSP; WKSPW) announces that its subsidiary, Terravis Energy, Inc., has completed a working prototype of its Cold Climate, Air Source Residential Heat Pump, undergoing rigorous testing to optimize efficiency and performance. The company aims to set new standards in cold-weather performance, offering a zero-emission residential Heat Pump that can provide heat at temperatures as low as -31ºF (-35ºC). The innovative design is expected to enter a large international market, addressing the need for sustainable, climate-friendly appliances in new construction residences.
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Worksport Ltd
Nasdaq:WKSP
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12.85M
4.47M
5.39%
8.6%
2.37%
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