Worksport LTD Launches New Soft Folding Tonneau Cover, SC4 PRO, Expanding Product Line and Revenue Opportunities
West Seneca, New York, June 01, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company or “Worksport”), a provider of innovative truck bed cover solutions, proudly announces the official launch of its latest product, the SC4 PRO soft folding tonneau cover. This cutting-edge addition to Worksport's product portfolio marks a significant milestone in the Company's commitment to truck bed innovations and sustainable revenue growth.
The SC4 PRO soft folding tonneau cover is designed to provide truck owners with enhanced functionality, durability, and security. With its innovative features and sleek design, this product is built to meet the needs of truck owners seeking convenience and protection for their cargo. Worksport has strategically positioned the SC4 PRO for sale through multiple distribution channels, including Amazon, Walmart, and the Company's E-commerce platform. This broad availability helps ensure widespread access for customers across North America. The SC4 PRO is an upgrade to the Company’s current SC4 cover, allowing customers to more easily open and close the cover and providing high-end features at an affordable price point. The SC4 cover will continue to be available for customers as well.
"We are thrilled to introduce the SC4 PRO soft folding tonneau cover to the market," said Steven Rossi, CEO of Worksport. "This launch demonstrates our ongoing commitment to delivering innovative solutions that address the evolving needs of truck owners. The SC4 PRO combines functionality, durability, and style, offering a superior user experience. Our distribution partnerships with major retailers will enable us to reach a wide customer base, expanding our market presence and driving sustainable revenue growth."
In conjunction with the SC4 PRO product launch, Worksport is making significant progress toward building hard-folding tonneau covers at its new state-of-the-art manufacturing facility just outside Buffalo, New York. This facility underscores Worksport's dedication to investing in cutting-edge infrastructure, optimizing production capabilities, and meeting the growing demand for its groundbreaking products. The Company remains steadfast in its long-term goals of delivering sustainable revenue growth and revolutionizing truck bed innovations, exemplified by its innovative solar tonneau cover, branded as SOLIS.
Worksport remains committed to transparency and shareholder engagement. As developments unfold, the Company will continue to update investors on key milestones, breakthroughs, and advancements in its pursuit of industry leadership.
For further information, please visit Worksport's official website for investors at investors.worksport.com.
About Worksport Ltd.
Worksport Ltd. (Nasdaq: WKSP; WKSPW), 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.
For additional information, please contact:
Steven Obadiah
Investor Relations
Worksport Ltd.
T: 1 (888) 554 8789E: investors@worksport.comW: 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.
