November 23, 2021

Production of Worksport’s Terravis System Will Commence in The First Half of 2022

Mississauga – November 23, 2021 — Worksport Ltd (Nasdaq-CM: WKSP) (the “Company”) is providing an update on the pre-production progress of its Terravis SOLIS AND COR System.

The Company is proud to report that the inaugural Terravis System, consisting of the SOLIS tonneau cover and COR energy storage system have undergone scrupulous testing and the results have exceeded expectations. Testing took place at Ontario Tech University and in Worksport’s lab in Mississauga over the last four months.

The results of the tests concluded that the Company’s Photovoltaic (“PV”) cell structures charged COR battery units to their maximum capacity of 1500Wh in times between 3 and 4 hours, meeting or exceeding all expectations. Terravis covers configured with the three SOLIS panels could charge the COR battery in less than 4 hours and the four SOLIS panels charged the COR battery in approximately 3.5 hours. The three and four panel Terravis tonneau covers used in these tests fit a regular size truck bed. A modified three-panel cover for a long truck bed recharged the COR battery in three hours.

Furthermore, Worksport’s COR units were designed to be charged in parallel to provide for as much power is desired.

The COR units were then tested to simulate powering various emergency and recreational systems. The COR demonstrated that it is capable of powering:

a 50 PSI, 3-gallon/min water pump for 11 hours;
a 900 W portable heater for almost 1.5 hours;
a 1.6-cu ft mini fridge for upwards of 14 hours;
a KOTEK 3-cu ft, 127 W large capacity freezer for 10 hours.

In addition, COR ESS displayed the ability to power a 55” 4K QLED TV in multiple trials, for upwards of 15 hours and able to charge smart phones with 3300-mAh inverters for 100 one-hour cycles.

With SOLIS and COR nearing the end of pre-production testing, meeting and exceeding all expectations, management believes that the initial Terravis System – currently available for pre-order – will be ready for full production in Q2 2022 with first deliveries to take place after Q2 2022. The Company is confident that the Terravis SOLIS & COR will be an impressive and powerful contribution to the market.

Terravis Energy (“Terravis”) was created as a research and development subsidiary for Worksport’s alternative clean energy products. Terravis’ mandate is to decarbonize transportation and shift consumer mindset toward adopting clean and sustainable energy technologies. According to Worksport’s Director of Engineering, Dr. Rafael Oliveira, R&D is already underway to maximize SOLIS and COR designs for even more capacity and power in future iterations.

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 and investors.worksport.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 investors.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) 554-8789
E: investors@worksport.com
W: 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: a delay in the production of the T3 tonneau cover, supply chain delays, acceptance of our T3 tonneau cover and other 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 The Company encourages you to consider all of these risks, uncertainties and other factors carefully in evaluating the forward-looking statements contained in this press release. 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.

Invest in Innovation

Nasdaq: WKSP

Starting as a producer of truck bed tonneau covers for pickups in the United States and Canada, Worksport has since evolved to position itself as an innovator in the automotive aftermarket.

Top Product: SOLIS Solar Cover & COR Battery

Key Innovations: Extra mileage EV Pickups OffGrid Mobile Power from the Sun.

Usability: For both EV Pickups & Petrol Pickups COR Battery with or without pickup

Other Products: Regular Hard and Soft-Folding Covers

WORKSPORT’S SOLIS & COR

Worksport SOLIS and COR provide an adaptable power source for off-grid power. Not just another battery, these powerhouses work in unison to offer continuous clean, rechargeable power from the sun. COR has a fully replaceable system that allows you to swap a depleted battery for a fresh one without losing juice. SOLIS charges batteries to be ready for the exchange.

The truck bed power system

Worksport’s truck bed power system kit will come with COR (which includes one hub inverter and one battery), SOLIS Folding Solar Tonneau Cover, rail mounting system, MPPT (solar charge controller), and all cables necessary.