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Worksport Announces Successful Level 1 Tesla Charging with COR Battery Generator

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Worksport (NASDAQ: WKSP) announces successful lab test results of its COR portable energy system as a range extender for Tesla electric vehicles. The COR Hub + Battery, carrying over 1.7 kWh of power, demonstrated the ability to add approximately seven miles of range to a Tesla Model 3 as a Level 1 power source. This development addresses range anxiety, a key factor in broader EV adoption.

The modular COR system allows users to add more batteries, each providing 1.5 kWh of power. Worksport's SOLIS solar tonneau cover, designed to work with COR, can charge the 1.5kWh COR battery 2-3 times daily under optimal conditions. The company is also exploring partnerships for Level 2 EV Charging Solutions. Worksport aims to launch these energy products soon while focusing on building partnerships and securing long-term contracts with industry leaders.

Worksport (NASDAQ: WKSP) annuncia i risultati positivi dei test di laboratorio del suo sistema di energia portatile COR come estensore di autonomia per i veicoli elettrici Tesla. Il COR Hub + Batteria, che porta oltre 1,7 kWh di potenza, ha dimostrato la capacità di aggiungere circa sette miglia di autonomia a una Tesla Model 3 come fonte di energia di Livello 1. Questo sviluppo affronta l'ansia da autonomia, un fattore chiave nell'adozione più ampia dei veicoli elettrici.

Il sistema modulare COR consente agli utenti di aggiungere ulteriori batterie, ognuna delle quali fornisce 1,5 kWh di potenza. Il copriletto solare SOLIS di Worksport, progettato per funzionare con COR, può caricare la batteria COR da 1,5 kWh 2-3 volte al giorno in condizioni ottimali. L'azienda sta anche esplorando partnership per soluzioni di ricarica EV di Livello 2. Worksport punta a lanciare questi prodotti energetici a breve, mentre si concentra sulla costruzione di partnership e sul consolidamento di contratti a lungo termine con i leader del settore.

Worksport (NASDAQ: WKSP) anuncia resultados exitosos de pruebas de laboratorio de su sistema de energía portátil COR como extensor de rango para vehículos eléctricos Tesla. El COR Hub + Batería, que lleva más de 1.7 kWh de potencia, demostró su capacidad para añadir aproximadamente siete millas de autonomía a un Tesla Model 3 como fuente de energía de Nivel 1. Este desarrollo aborda la ansiedad por la autonomía, un factor clave en la adopción más amplia de vehículos eléctricos.

El sistema modular COR permite a los usuarios agregar más baterías, cada una proporcionando 1.5 kWh de potencia. La cubierta solar SOLIS de Worksport, diseñada para trabajar con COR, puede cargar la batería COR de 1.5 kWh de 2 a 3 veces al día en condiciones óptimas. La compañía también está explorando asociaciones para soluciones de carga de vehículos eléctricos de Nivel 2. Worksport tiene como objetivo lanzar pronto estos productos energéticos mientras se enfoca en construir asociaciones y asegurar contratos a largo plazo con los líderes de la industria.

Worksport (NASDAQ: WKSP)는 테슬라 전기차를 위한 범위 확장기로서의 COR 휴대용 에너지 시스템의 성공적인 실험실 테스트 결과를 발표했습니다. 1.7 kWh 이상의 전력을 공급하는 COR 허브 + 배터리는 레벨 1 전원으로서 테슬라 모델 3에 약 7마일의 범위를 추가할 수 있는 능력을 입증했습니다. 이 개발은 전기차 채택에 있어 중요한 요소인 주행 거리 불안 문제를 해결합니다.

모듈형 COR 시스템은 사용자가 각각 1.5 kWh의 전력을 제공하는 추가 배터리를 추가할 수 있도록 합니다. COR과 함께 작동하도록 설계된 Worksport의 SOLIS 태양광 토노우 커버는 최적의 조건에서 하루에 2-3회 1.5kWh COR 배터리를 충전할 수 있습니다. 이 회사는 또한 레벨 2 전기차 충전 솔루션을 위한 파트너십을 탐색하고 있습니다. Worksport는 곧 이러한 에너지 제품을 출시할 예정이며, 업계 리더와의 파트너십 구축과 장기 계약 확보에 집중하고 있습니다.

Worksport (NASDAQ: WKSP) annonce les résultats positifs des tests en laboratoire de son système d'énergie portable COR en tant qu'extendateur d'autonomie pour les véhicules électriques Tesla. Le COR Hub + Batterie, qui dispose de plus de 1,7 kWh de puissance, a démontré sa capacité à ajouter environ sept miles d'autonomie à une Tesla Model 3 en tant que source d'alimentation de Niveau 1. Ce développement répond à l'anxiété liée à l'autonomie, un facteur clé dans l'adoption plus large des véhicules électriques.

Le système modulaire COR permet aux utilisateurs d'ajouter d'autres batteries, chacune fournissant 1,5 kWh de puissance. Le couvercle de lit solaire SOLIS de Worksport, conçu pour fonctionner avec le COR, peut charger la batterie COR de 1,5 kWh 2 à 3 fois par jour dans des conditions optimales. L'entreprise explore également des partenariats pour des solutions de recharge de véhicules électriques de Niveau 2. Worksport vise à lancer bientôt ces produits énergétiques tout en se concentrant sur la création de partenariats et la sécurisation de contrats à long terme avec des leaders de l'industrie.

Worksport (NASDAQ: WKSP) gibt erfolgreiche Labortestergebnisse seines COR tragbaren Energiesystems als Reichweitenverlängerer für Tesla-Elektrofahrzeuge bekannt. Der COR Hub + Batterie, der über 1,7 kWh Leistung bereitstellt, hat gezeigt, dass er als Level 1 Stromquelle etwa sieben Meilen Reichweite für einen Tesla Model 3 hinzufügen kann. Diese Entwicklung adressiert die Angst vor Reichweiten, einen entscheidenden Faktor bei der breiteren Akzeptanz von Elektrofahrzeugen.

Das modulare COR-System ermöglicht es den Benutzern, weitere Batterien hinzuzufügen, die jeweils 1,5 kWh Leistung bieten. Das SOLIS Solarpanel von Worksport, das für die Verwendung mit COR konzipiert wurde, kann die 1,5 kWh COR-Batterie unter optimalen Bedingungen 2-3 Mal täglich aufladen. Das Unternehmen prüft auch Partnerschaften für Level 2 EV-Ladelösungen. Worksport plant, diese Energiewirtschaftsprodukte bald auf den Markt zu bringen, während es sich auf den Aufbau von Partnerschaften und die Sicherung von Langzeitverträgen mit führenden Unternehmen der Branche konzentriert.

Positive
  • Successful lab test of COR system as Tesla range extender
  • COR system adds approximately 7 miles of range to Tesla Model 3
  • Modular COR system allows for additional battery capacity
  • SOLIS solar cover can charge COR battery 2-3 times daily
  • Exploring partnerships for Level 2 EV Charging Solutions
  • Addressing range anxiety in EV market
Negative
  • None.

Insights

Worksport's successful test of its COR battery generator with Tesla vehicles marks a significant milestone in addressing EV range anxiety. The ability to add 7 miles of range as a Level 1 power source is modest but promising. However, the real potential lies in the modular design, allowing for scalability. The upcoming Alpha Release and exploration of Level 2 charging partnerships indicate strong growth prospects in the multi-billion-dollar portable energy market. With a 275% Q2 revenue growth and a $2.8 million grant, Worksport seems well-positioned financially. Yet, investors should note that market adoption and competition in this nascent sector remain key risks.

The COR system's compatibility with Tesla vehicles is technically impressive, but its real innovation lies in its modular design. This allows for scalable power solutions, potentially revolutionizing off-grid energy access. The integration with the SOLIS solar tonneau cover creates a self-sustaining microgrid, a significant leap in portable energy tech. However, the current 7-mile range extension is for long-distance travel. The planned Level 2 charging capability could be a game-changer, dramatically increasing charging speed and utility. As the EV market grows, Worksport's tech could find applications beyond automotive, into emergency services and remote operations, broadening its market potential.

Worksport's COR system taps into a critical pain point in the EV market: range anxiety. By offering a portable, modular solution, they're not just addressing current EV owners but potentially lowering barriers to EV adoption. The company's focus on Tesla compatibility is strategic, given Tesla's market leadership. However, expanding to other EV brands will be important for broader market penetration. The dual-use case of the COR system - for EVs and general portable power - diversifies its appeal and market potential. With the global EV market projected to grow at a CAGR of 21.7% until 2030, Worksport's timing seems opportune. Still, they'll need to navigate a competitive landscape and potential regulatory hurdles in the emerging portable EV charging market.

COR System Provides Seven Miles of Charge Power to Tesla Model 3 in Lab Test Data; Acts as an EV Range Extender with Unlimited Charge Power with Modular Batteries.

West Seneca, New York--(Newsfile Corp. - September 11, 2024) - Worksport Ltd. (NASDAQ: WKSP) ("Worksport" or the "Company"), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, announces the successful lab test results of its COR portable energy system as a range extender for Tesla electric vehicles like the Model 3 and CyberTruck. The COR Hub + Battery, which carries over 1.7 kWh of power, was tested with a Tesla Model 3. Test data showed the capability of adding approximately seven miles of range as a Level 1 power source. Worksport views this development as a notable step forward for the Tesla community and electric vehicle ("EV") owners at large, addressing range anxiety, a key factor in broader EV adoption.

Designed for modular functionality, the COR system enables users to effectively integrate additional COR batteries, offering 1.5 kWh more power per battery. With each battery, one could Level 1 Charge a Tesla Model 3 an approximate additional 7 miles. The Worksport COR is intended to serve as a practical tool for power on the go at campsites, worksites, and in emergency situations. However, the Company anticipates that future iterations of the COR system will function as a range extender for Tesla and other EVs. The system will officially launch with an Alpha Release iteration later this September, entering a growing multi-billion-dollar market.

SOLIS & COR: A Powerful Microgrid Solution

In tandem with the COR battery, Worksport's SOLIS solar tonneau cover is designed to provide a fully off-grid power solution for all type of users, including EV and ICE vehicle owners. The patented SOLIS cover is capable of charging the 1.5kWh COR battery up to 2-3 times per day with optimal sun conditions, offering a renewable source of mobile energy.

Level 2 Charging: In Progress

The Company is exploring strategic partnerships to develop battery powered Level 2 EV Charging Solutions, leveraging the SOLIS solar array to provide solar power to the battery banks of the Level 2 EV Charging systems. This technology would facilitate faster, on-the-go mobile battery charging for a wide range of EVs, including Tesla vehicles. More information about these partnerships is forthcoming.

Steven Rossi, CEO of Worksport, stated, "Our COR system's successful test with the Tesla Model 3 underscores the massive potential of this groundbreaking portable energy solution for the electric vehicle market and beyond. We are tackling range anxiety head-on, delivering reliable last-mile range extension. With the imminent launch of our SOLIS solar cover, the combination of the COR and SOLIS duo creates a powerful, clean energy microgrid, allowing users to harness solar power to be used anywhere - campsites, worksites, or emergency response. Based on our initial test results, we expect future iterations of the COR system to also function as an EV range extender. An EV Industry insider told me that EVs tend to run out of power only miles away from a grid-powered EV charge station. Our COR Mobile Battery Generator could provide essential miles required to arrive at a destination charger. Worksport is committed to launching our energy products soon, while also focusing on building lasting partnerships and securing long-term contracts with key industry leaders."

Media Inquiries May Be Directed To: media@worksport.com

Investor Inquiries May Be Directed To: investors@worksport.com

Investor Relations, Worksport Ltd.
T: 1 (888) 554-8789 x128
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E: investors@worksport.com

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About Worksport

Worksport Ltd. (NASDAQ: WKSP), 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 has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport's hard-folding cover, designed and manufactured in-house, is compatible with RAM, Chevrolet, and GMC models from General Motors, as well as Ford, Jeep, Nissan, and Toyota pickup trucks. 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.

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FAQ

How many miles of range can Worksport's COR system add to a Tesla Model 3?

According to lab test results, Worksport's COR system can add approximately seven miles of range to a Tesla Model 3 as a Level 1 power source.

What is the power capacity of Worksport's COR Hub + Battery?

The COR Hub + Battery carries over 1.7 kWh of power.

Can additional batteries be added to Worksport's COR system?

Yes, the COR system is designed for modular functionality, allowing users to add more COR batteries, each providing an additional 1.5 kWh of power.

How does Worksport's SOLIS solar tonneau cover work with the COR system?

The SOLIS solar cover is designed to charge the 1.5kWh COR battery up to 2-3 times per day under optimal sun conditions, providing a renewable source of mobile energy.

Is Worksport (WKSP) working on Level 2 EV charging solutions?

Yes, Worksport is exploring strategic partnerships to develop battery-powered Level 2 EV Charging Solutions, leveraging their SOLIS solar array technology.

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