Worksport Strengthens In-House IP Portfolio focused on Sustainable Energy Markets
Worksport Ltd (Nasdaq: WKSP) published a press release detailing its growing intellectual property (IP) portfolio, now comprising 30 patents and 24 trademarks centered on sustainable energy solutions. The Company recently filed a patent for a wire management system to protect electrical components in tonneau covers and introduced patents for its NPEV fast charging stations utilizing hydrogen fuel cells. CEO Steven Rossi emphasized that this robust IP portfolio positions the Company for ongoing strategic evolution and competitive advantage in the clean energy market.
- Holds 30 patents and 24 trademarks, enhancing competitive edge.
- Recent patent filings for innovative technologies like wire management and hydrogen fuel cells.
- In-house IP portfolio supports strategic business development.
- None.
Mississauga, Dec. 15, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd (Nasdaq: WKSP) (the “Company”) continues adding to and developing its in-house IP portfolio focused on the sustainable energy markets. The Company now holds 30 patents and 24 trademarks to date, providing protective rights for its solar-integrated products, its Hydrogen fuel cell-powered systems, as well as its conventional tonneau cover products.
This, in turn, provides the Company with full controlling rights on its proprietary mechanical components, electrical/electronics concepts, thermal management, manufacturability considerations, failsafe contingencies, sizing constraints, and mobility aspects.
The Company recently filed for a patent protecting a wire management system, designed to safeguard any kind of electrical component that is hosted by both soft-fold and hard-fold tonneau covers from overly aggressive usage. Management believes this system will be invaluable to Worksport as Photovoltaic (“PV”) cell structures become more prevalent in the automotive markets.
Another example is a patent for the Company’s NPEV fast charging stations, which includes a plurality of hydrogen fuel cells (HFC) configured to convert hydrogen into electricity. The key advantage is to be non-parasitic, where the system does not require coupling to a commercial power grid - - conducive for relocating. Management believes this capability will provide for a variety of implementations and versatility.
“Our competitive, in-house IP portfolio has allowed us to evolve our business strategies that we believe will pay dividends year after year after year. We will continue building it up as we champion our business programs across the globe,” said Steven Rossi, CEO Worksport.
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, www.investworksport.com and www.goterravis.com.
Connect with Worksport:
Please follow the company’s social media accounts on Twitter, Facebook, Linkedin, and Instagram, as well as sign up for the company’s newsletters at www.worksport.com or www.investworksport.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
Business Development Manager
Worksport Ltd.
T: 1-(888) 506-2013
E: investors@worksport.com
W: www.investworksport.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. Such statements include, but are not limited to, statements contained in this press release relating to the view of management of the Company concerning its business strategy, an up listing to a national exchange, future operating results and liquidity and capital resources outlook. Forward‐looking statements are based on the Company's current expectations and assumptions regarding its business, 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. The Company's actual results may differ materially from those contemplated by the forward‐looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward‐looking statements. Factors or events that could cause the Company's actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward‐looking statements to conform these statements to actual results. No Stock Exchange or Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
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