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Worksport, Ltd. - WKSP STOCK NEWS

Welcome to our dedicated page for Worksport, Ltd. news (Ticker: WKSP), a resource for investors and traders seeking the latest updates and insights on Worksport, Ltd. stock.

Worksport Ltd, under its subsidiaries, is a leading designer, developer, and manufacturer of tonneau covers, solar integrations, and hydrogen-based green energy solutions. The company's innovative products cater to the automotive and clean energy industries, with a focus on sustainability and eco-friendly solutions. Worksport has reported significant revenue growth, operational successes, and strategic collaborations, positioning itself as a key player in the market.

Worksport's product lineup includes soft vinyl and hard aluminum tonneau covers, as well as upcoming first-to-market solar tonneau covers and portable energy systems. The company's recent financial results for Q1 FY 2024 showcased impressive revenue increases, operational efficiencies, and gross margin improvements. Worksport's strategic investments in production, inventory, and expansion highlight its commitment to growth and innovation.

With a robust intellectual property portfolio, Worksport is well-positioned to lead the market with cutting-edge technologies and groundbreaking products. The company's partnerships, distribution networks, and growth forecasts underscore its trajectory towards transformative success in the automotive and clean energy sectors.

News

Worksport Presents Uniquely Configured Bed Cover Model for Canadian Automotive Store Chain Following Recent $16 Million Annual Sales Agreement with U.S Brand

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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 Increases R&D for Terravis Energy Subsidiary’s Heat Pump Project

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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 Signs Long Term Agreement with Customer for US Factory Product and Expects US$16,000,000 in Annual Sales, Marking Significant Growth and Demand at NY Factory.

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Worksport secures long-term supply agreement, expects $16M in annual sales from single customer
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Worksport Advances Towards the Launch of SOLIS Solar Cover with Innovative COR Battery System

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Worksport announces strides in COR battery system development to complement SOLIS solar cover, enhancing remote power supply and driving range of electric pickup trucks. Battery system features redundant overheating protection and seamless connectivity to mobile app. Worksport testing various battery technologies for customization. Partnership with Hyundai and potential partnerships with other manufacturers indicate transformative era in energy producing truck bed solutions.
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WATCH TODAY: Worksport Announces Webcasting Link for Participation in the H.C. Wainwright 25th Annual Global Investment Conference.

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Worksport to present at H.C. Wainwright 25th Annual Global Investment Conference
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Worksport Announces Strong Solar Panel Supply Partner for SOLIS, Focusing On Bringing SOLIS Solar Cover and COR Battery System To Market

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Worksport announces partnership with top-tier solar panel provider for its SOLIS Solar Tonneau Cover, demonstrating commitment to sustainable technological solutions.
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Worksport LTD Launches Ambitious Sales Strategy, Announces Four Sales Partners For Market Growth

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Worksport announces comprehensive sales strategy, secures $1.6 million order for hard-folding covers, expands production capacity, forms strategic alliances with four sales partners, anticipates surge in B2B sales, poised to introduce SOLIS solar cover and COR battery system to the market.
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Worksport Achieves Major Milestone with First Shipment of Hard-Folding Tonneau Covers From US Facility, Order of $1,600,000 in Process

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Worksport announces successful dispatch of first shipment of hard-folding tonneau covers, with recent sizable orders and focus on SOLIS Solar Cover and COR Battery System.
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Worksport Reports Revenue Growth for Q2 2023 YoY and Announces Strategic Developments in Solis Solar Cover and COR Battery Systems

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Worksport Ltd. (Nasdaq: WKSP; WKSPW) announced year-over-year revenue growth for the second quarter of 2023, attributed to the focus on new sales channels. The Company received a $720,000 purchase order for soft-folding tonneau covers and is now manufacturing hard-folding tonneau covers with $1,600,000 in purchase orders. Worksport is also working on the launch of SOLIS Solar Cover and COR Battery System. The Company plans to increase production capacities and add more assembly lines.
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Worksport Announces Participation to Present at the H.C. Wainwright 25th Annual Global Investment Conference in New York Palace Hotel

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FAQ

What is the current stock price of Worksport, Ltd. (WKSP)?

The current stock price of Worksport, Ltd. (WKSP) is $0.91 as of January 24, 2025.

What is the market cap of Worksport, Ltd. (WKSP)?

The market cap of Worksport, Ltd. (WKSP) is approximately 29.0M.

What products does Worksport offer?

Worksport specializes in tonneau covers, solar integrations, and hydrogen-based green energy solutions for the automotive and sustainable energy industries.

What were Worksport's key highlights in Q1 2024?

Worksport reported a 1,506% revenue increase in North American sales for Q1 2024, signaling rapid growth and demand for its products.

What is Worksport's approach to sustainability?

Worksport focuses on eco-friendly solutions and clean energy integrations to meet the growing consumer demand for sustainable automotive products.

How does Worksport plan to expand its market reach?

Worksport has established strategic collaborations and distribution networks, including partnerships with prominent distributors and dealers, to enhance its market presence.

What sets Worksport apart from its competitors?

Worksport's innovative products, strong intellectual property portfolio, and commitment to sustainability position the company as a leader in the automotive and clean energy sectors.
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Worksport, Ltd.

Nasdaq:WKSP

WKSP Rankings

#5211 Ranked by Market Cap
N/A Ranked by Dividends

WKSP Stock Data

28.99M
30.36M
8.24%
9.37%
2.98%
Auto Parts
Motor Vehicle Parts & Accessories
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