Worksport CEO Steven Rossi Recaps Company Progress at Electric Vehicle and Auto Tech Virtual Conference

Rhea-AI Summary

On April 12, 2023, Steven Rossi, CEO of Worksport Ltd. (Nasdaq: WKSP; WKSPW), participated in the Electric Vehicle and Auto Tech Virtual Conference. He highlighted significant advancements in EV charging solutions through TerraVis Energy, including the installation of two proprietary DC fast charging stations at Worksport’s West Seneca, NY factory. Each station has a capability of 120 kWh, currently servicing the Company’s employees' electric vehicles. Rossi emphasized a heightened customer interest in the COR battery system, stating it offers versatile off-grid power solutions. He expressed confidence in the Company’s strong market position and ongoing product development aimed at generating revenue and enhancing shareholder value.

Positive

• Installation of two 120 kWh DC fast charging stations enhances operational capabilities.
• Increased customer interest in the COR battery system indicates potential for higher demand.
• CEO expresses confidence in product development and revenue generation strategy.

Negative

• None.

Richmond Hill, Ontario, Canada, April 12, 2023 (GLOBE NEWSWIRE) -- Steven Rossi, CEO of Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”), appeared recently as a panelist at the Electric Vehicle and Auto Tech Virtual Conference presented by Maxim Group, where he discussed progress at Worksport and TerraVis Energy.

On March 30, 2023, Rossi joined the conference’s “New EV Charging Solutions & Products” panel where he discussed Terravis Energy’s recent installation of two proprietary direct current (DC) electric vehicle (EV) fast charging stations at Worksport’s West Seneca, NY factory. The two stations, each rated at 120 kilowatt-hours (kWh), are currently being used to provide power to the Company’s employees’ and stakeholders' electric vehicles. “We believe that our EV charging solutions are among the best in the market because of their advanced technology, superior engineering, safety features, and user-friendly interfaces,” Rossi informed online conference attendees and co-panelists.

Rossi also spoke about customer interest in Worksport’s products, and commented that the demand for the COR battery system is anticipated to be higher than previously thought and said one of its unique features was that “anything that can be plugged into a wall outlet” could be plugged into the COR system. “With clean portable electricity,” Rossi said, “the COR battery system provides off-grid power, and changes the dynamics of the workplace, campsite or even a natural disaster or accident.”

In his closing comments, Rossi commented, “We believe we are in a strong positive position and remain on track towards executing our product development projects to create revenue generation, profitability and strong shareholder value in a volatile market.”

The panel was hosted by M-Vest, presented by the Maxim Group and moderated by Tate Sullivan, Research Analyst at Maxim Group. Panelists included David Bibby, CEO Hypercharge, George Murickan, President of Pioneer Power Mobility, and Boaz Weizer, CEO, Zooz Power.

About Worksport Ltd.

Worksport Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the IP 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 Ltd. 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. For more information, please visit www.worksport.com

Connect with Worksport: 

Please follow the company’s social media accounts on Twitter, Facebook, Linkedin, YouTube, and Instagram, as well as sign up for the company’s newsletters at www.worksport.com. Worksport Ltd. 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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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," 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: supply chain delays, acceptance of our products by consumers, delays in or nonacceptance by third parties to sell our products, 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 Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K and our subsequent 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 did Steven Rossi discuss at the Electric Vehicle and Auto Tech Virtual Conference for WKSP?

Steven Rossi highlighted Worksport's advancements in EV charging solutions and customer interest in the COR battery system.

What features do the new charging stations at Worksport's factory have?

Each charging station is rated at 120 kWh and is designed to power electric vehicles for employees and stakeholders.

What is the COR battery system's anticipated impact according to Worksport?

The COR battery system is expected to meet higher-than-anticipated demand due to its off-grid power capabilities.

What is the stock symbol for Worksport Ltd.?

The stock symbols for Worksport Ltd. are WKSP and WKSPW.