Worksport Ltd. Update on Breakthrough Hydrogen Project & University Partnership
Worksport Ltd (Nasdaq-CM: WKSP; WKSPW) announced a collaboration with Ontario Tech University to develop non-parasitic hydrogen solutions through its subsidiary, Terravis Energy. This $2.3 million project is jointly funded by Worksport and the Canadian Government and aims to create green energy solutions over a two-year span. The project involves R&D teams and access to the Ontario Tech-Automotive Center of Excellence, facilitating innovations in clean energy and hydrogen fuel technology.
- Collaboration with Ontario Tech University indicates strong R&D focus.
- Access to advanced research facilities enhances innovation potential.
- $2.3 million funding signifies robust financial backing for clean energy initiatives.
- None.
Mississauga, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd (Nasdaq-CM: WKSP; WKSPW) (“Worksport” or the “Company”), through its subsidiary Terravis Energy, Inc. (or “Terravis Energy”), today outlined additional details on its collaboration with Ontario Tech University to develop Terravis Energy’s NP (non-parasitic) hydrogen solutions.
This initiative is part of a two-year,
Dr. Williamson is a professor at Ontario Tech University and holds the NSERC Canada Research Chair position in Electric Energy Storage Systems for Transportation Electrification. “This project has initiated the development for the next generation of high-power, sustainable, and non-parasitic (grid-independent) solutions,” said Williamson. “We expect there will be enormous demand in the markets for electrified transportation and power infrastructure within Canada and across North America, especially in grid-constrained locations. Ontario Tech University is very excited to join hands with Worksport Ltd. in this collaborative R&D effort, which will help identify current research challenges, and lead to the development of world-class innovative solutions.”
The Company’s research with Ontario Tech University thus far has uncovered what Company management believes will be new, lucrative paths to clean energy adoption by the market, possibly paving the way for additional backing from the Canadian Government. Among the many breakthroughs that have come from this collaboration to date is the system’s charging rate enhancement modularity. This development enables increased charging capabilities as battery technologies evolve, and it represents a significant milestone in Terravis Energy’s positioning as an industry innovator.
Terravis Energy, Inc. President & CEO Lorenzo Rossi comments, “We believe our process for integrating and utilizing Hydrogen fuel cells into NP (non-parasitic) systems will demonstrably shift consumer mindsets to adopt our grid-independent clean energy solutions over systems that aren’t as environmentally friendly. We’re believe that our full access to the OTU-ACE and our collaboration with the incredible minds from the University will allow us to demonstrate our first iteration of fast charger prototypes sometime in 2022.”
In addition to use of the OUT-ACE, the research teams will have access to cutting-edge facilities and research equipment in the Advanced Storage Systems and Electric Transportation (ASSET) lab, which boasts equipment such as battery pack and cell simulators, programmable loads, regenerative grid simulators, and advanced thermal chambers. This specialized equipment is unique and available only to Prof. Williamson’s lab.
Lastly, the Company will also have access to the world-renowned Clean Energy Research Lab (CERL), a cutting-edge laboratory that pioneers in clean energy research – more specifically clean hydrogen production and fuel cell technology.
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 Hydrogen-based, NP (Non-Parasitic) true green energy solutions for the renewable, 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 or www.investworksport.com
Connect with Worksport:
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For additional information, please contact:
Steven Obadiah
Business Development Manager
Worksport Ltd.
T: 1-(888) 506-2013
E: investors@worksport.com
W: www.investworksport.com
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