Worksport Provides Progress Update on ISO 9000 Certification
ISO Certification paves the way to OEM relationships which could include direct and indirect sales to global car makers such as Rivian, Tesla, Ford, General Motors, Hyundai, Honda, Stellantis, Nissan, and Toyota.
West Seneca, New York, September 30, 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 is thrilled to announce that it is progressing towards achievement of ISO 9000 certification at its state-of-the-art West Seneca, NY factory anticipated by early-mid 2025. This certification reflects Worksport’s commitment to quality manufacturing and is expected to support potential growth in key future markets including government contracts, Original Equipment Manufacturers (“OEM”) relationships and larger distribution networks. OEM relationships may lead to future direct and indirect sales opportunities to domestic car brands such as Rivian, Tesla, Ford, General Motors, Hyundai, Honda, Stellantis, Nissan, and Toyota.
(Worksport makes no guarantees that the Company will engage in any business relationships or OEM partnerships with domestic car brands such as Rivian, Tesla, Ford, General Motors, Honda, Hyundai, Stellantis, Nissan, and Toyota. However, ISO 9000 certification is typically a prerequisite to becoming a vendor and supply partner to larger businesses such as Rivian, Tesla, Ford, General Motors, Hyundai, Honda, Stellantis, Nissan, and Toyota.)
ISO 9000: A Strategic Milestone in Quality and Operational Excellence
Being ISO 9000 certified represents a major milestone for Worksport, setting the Company to be positioned as a leading manufacturer of patented solar tonneau covers that meet these standards. Less than 7% of the tonneau cover industry holds this ISO certification, and this achievement will position Worksport among a select group of manufacturers. This certification will not only enhance operational efficiency and process control but also provide marketing and competitive advantages, helping the Company access business opportunities in sectors that require ISO-certified suppliers.
Why This Matters for Investors
For investors, ISO 9000 certification is an important milestone that could support the Company’s future market expansion and revenue opportunities. This certification is often a requirement for entering certain high-demand industries like automotive, electronics, and aerospace, where Worksport’s patented solar tonneau covers and clean energy solutions have enormous potential. With ISO 9000 certification, it may help Worksport expand its market presence and contribute to potential growth in 2025 and beyond.
Additionally, ISO 9000 certification is expected to improve Worksport’s ability to monitor and manage core metrics, potentially leading to improvements in key performance indicators such as Days to Ship (B2C and B2B), Defects per Unit, Customer Satisfaction, and Production Capacity. These improvements are expected to further enhance Worksport’s operational efficiency and profitability, delivering greater value to shareholders.
Worksport CEO, Steven Rossi shares “Worksport is confident in its ability to achieve ISO 9000 certification by February 2025. We see this as an ideal time to pursue certification, ensuring that all processes are not only implemented but also maintained through regular third-party audits. With the backing of an ISO certified factory, a robust IP portfolio, growing revenues, and three new products, the future of Worksport has become more exciting than ever before”
Comprehensive Steps Taken Toward Certification
Worksport’s journey toward ISO 9000 certification has been meticulously planned and initiated. The Company has already conducted a comprehensive gap analysis to align with ISO requirements and has documented all key processes to ensure consistency and efficiency. This includes establishing a robust quality policy, implementing a risk-based approach to strategic planning, and focusing on performance measurement of key processes.
Working towards the certification, Worksport has already implemented ISO standard practices, Worksport has significantly enhanced its workplace organization, workmanship standards, and material control. The Company has also strengthened its final inspection processes, product traceability, and returns management, ensuring that every product that leaves the factory meets the highest quality standards.
Stay Tuned for More
Stay tuned for upcoming investor updates on new product launches, expanded vehicle model coverage, and the continued growth of Worksport’s business. We are excited to share more on our progress and milestones as we push forward with innovation and market expansion.
Investor Inquiries May Be Directed To:
Investor Relations, Worksport Ltd.
T: 1 (888) 554-8789 x128
W1: https://investor.worksport.com
Key 2024 Press-Releases:
- September 19: Worksport Initiates Alpha Launch of SOLIS & COR
- September 12: Worksport Reports Record High August Sales
- September 11: Worksport COR as an EV Range Extender for Tesla Model 3
- August 20: Worksport ($WKSP) Begins COR Alpha Production
- August 14: Worksport Announces Record High Revenues; 275% Q2 Growth
- August 1: Worksport Announces Impressive SOLIS Solar Cover Test Results
- May 16: Worksport Reports 1,506% Q1 Revenue Surge
- May 8: Worksport Awarded $2.8MM Grant
- April 25: Worksport Signals Undervalued Status, Eyes Major 2024 Growth
