Worksport Advances COR Battery Power Generator System to Test Phase in Anticipation of the Alpha Release

Rhea-AI Summary

Worksport Ltd. (Nasdaq: WKSP; WKSPW) announces the transition of its groundbreaking COR battery system into the Test Phase, marking the beginning of intensive testing. The COR system is designed for pickup truck beds and independent use, with a focus on resilience, durability, and adaptability to diverse challenges. The Test Phase will include performance evaluations in extreme climates, rigorous terrain trials, examinations in humidity, vertical drops, splash water, and spray situations, as well as shock tests. This phase aligns with the recent Alpha Release, aiming to gather feedback for further improvements before the Mass Market Release of the COR battery system and the SOLIS solar cover.

This Demonstrates Confidence as a Revolutionary Technology Product with Mass Market Release Approaching

West Seneca, New York, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”), is proud to announce that its groundbreaking COR battery system has officially transitioned into the Test Phase. This significant progression marks the beginning of intensive testing, anticipating a battery solution that is resilient, durable, and perfectly suited to the diverse challenges of today’s dynamic environments.

The Company’s COR system can be used both within a pickup truck bed and independently without a pickup once it is released. With a commitment to quality, toughness and innovation, Worksport’s Test Phase will see the COR battery system undergo:

• Performance evaluations in extreme heat and cold climates.
• Rigorous terrain trials including rough landscapes and standard road conditions.
• Examinations in humidity, vertical drops, as well as splash water and spray situations.
• Full-power performance assessments over extended durations.
• Shock tests to account for unforeseen events.
  

This diligent testing process will ensure that the Company’s COR system will not only meet but exceed the expectations of the modern user, ensuring the system’s adaptability to both every day and extreme situations.

The commencement of the Test Phase aligns seamlessly with Worksport’s recent announcement of the COR system’s Alpha Release where the product will be placed in real-world scenarios. The invaluable feedback anticipated from this Alpha Release will serve as a cornerstone for additional improvements, advancing the Company closer to its ultimate goal — an official Mass Market Release of its COR battery system and the SOLIS solar cover.

“As we step into this crucial phase, we're not just testing a battery, we're challenging the conventions of what's possible. Our dedicated team is committed to delivering a product that resonates with the promise of uncompromising quality and durability, and unmatched performance. This product could be in the vehicles, homes and businesses of millions around the world. It simply needs to be the best.” commented CEO Steven Rossi.

For further information, please visit Worksport’s official website for investors at investors.worksport.com.

About Worksport

Worksport Ltd. (Nasdaq: WKSP; WKSPW), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), Hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. Worksport seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and NP (Non-Parasitic), Hydrogen-based technology. Terravis Energy’s website is terravisenergy.com. For more information, please visit investors.worksport.com.

Connect with Worksport

Please follow the Company’s social media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube, and Instagram (collectively, the “Accounts”), the links of which are links to external third party websites, as well as sign up for the Company’s newsletters at investors.worksport.com. The Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third party websites other than content published by the Company.

Worksport strives to provide frequent updates of its operations to its community of investors, clients, and customers to maintain the highest level of visibility.

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Investors and others should note that the Company announces material financial information to our investors using our investor relations website, press releases, Securities and Exchange Commission (“SEC”) filings, and public conference calls and webcasts. The Company also uses the Accounts to announce Company news and other information. The information shared on the Accounts could be deemed to be material information. As a result, the Company encourages investors, the media, and others to review the information the Company publishes on the Accounts.

In order to comply with Regulation FD, the Company does not selectively disclose material non-public information on any Account. If there is any significant financial information, it is the policy of the Company to release it broadly to the public through a press release or SEC filing prior to publishing it on one of the Accounts.

For additional information, please contact:
Steven Obadiah
Investor Relations
Worksport Ltd.
T: 1 (888) 554 8789 E: investors@worksport.com W: www.worksport.com

Forward-Looking Statements

The information contained herein may contain “forward‐looking statements.” Forward‐looking statements reflect the current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan,” “project,” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to sell our products; and (iv) competition from other producers of similar products. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the SEC, including, without limitation, our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company’s actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. The forward-looking statements made in this press release are made only as of the date of this press release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.

FAQ

What is Worksport Ltd. testing?

Worksport Ltd. is testing its groundbreaking COR battery system, designed for pickup truck beds and independent use, in the Test Phase.

What will the Test Phase include?

The Test Phase will include performance evaluations in extreme climates, rigorous terrain trials, examinations in humidity, vertical drops, splash water, and spray situations, as well as shock tests.

What is the purpose of the Alpha Release?

The purpose of the Alpha Release is to gather feedback for further improvements before the Mass Market Release of the COR battery system and the SOLIS solar cover.