Worksport Announces US$1.6MM Order for Its Hard-Folding Covers in Anticipation of Production Start, Solidifying Growth in Tonneau Cover Market

West Seneca, New York, United States, July 25, 2023 — Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”) is thrilled to announce a substantial US$1,600,000 purchase order for its advanced hard-folding tonneau covers. This significant order follows closely on the heels of the Company’s recently reported US$720,000 purchase orders for its innovative soft-folding tonneau […]

Worksport Ltd. Receives US$720,000 in Purchase Orders for Innovative Soft-Folding Tonneau Covers; Commences Shipping from US Manufacturing Facility

West Seneca, New York, United States, July 13, 2023 — Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”) is delighted to report it has received four substantial purchase orders for its innovative soft-folding tonneau covers. The purchase orders total US$720,000, with each purchase order representing a value of US$180,000. Moreover, the Company’s wholly owned […]

Worksport Announces Final Training and Validation of New U.S. Manufacturing Line. Production Expected to Start in Upcoming Weeks

Worksport Manufacturing line Validation

West Seneca, New York, United States, July 11, 2023 – Worksport Ltd. (NASDAQ: WKSP; WKSPW) today announces the Company’s significant progress in its operational developments, in particular, the initiation of final training and validation processes for their new U.S. manufacturing line of hard-folding tonneau covers. Over the next several weeks, a wave of operational readiness […]

Worksport to Introduce Higher Quality, More Powerful COR Portable Energy System for Possible Assembly in North America

Richmond Hill, Ontario, Canada, June 6, 2023 — Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”) is excited to provide an update on its groundbreaking COR portable battery power generator system. Since the last update in September 2022, Worksport’s power electronics engineering team has identified challenges in the production of innovative power electronics in China. The team […]

Worksport Ltd. Hires New Key Staff Members in Preparation of U.S. Factory Production of Hard Folding Tonneau Covers

Richmond Hill, Ontario, Canada, May 17, 2023 — Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”) is pleased to announce that in preparation for the Company’s anticipated launch of its light truck hardcover assembly in its wholly owned 220,000 sq. ft. West Seneca, N.Y. manufacturing facility, the Company has hired ten new staff members, including Manufacturing and Industrial […]

Worksport Completes Installation of Custom Manufacturing Line, Ready for Training, Tests and Finalization of Assembly Line for Production

Richmond Hill, Ontario, Canada, May 4, 2023 — Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”) is pleased to announce that it has completed the installation of its US$4 million custom European manufacturing line, which was delivered to the Company’s facility in West Seneca, New York earlier than expected this past March, allowing Worksport to begin rigorously training its staff and […]

References

  1. https://www.reuters.com/world/us/five-facts-state-us-electric-vehicle-charging-network-2021-09-01/
  2. https://www.globenewswire.com/news-release/2022/07/18/2480838/0/en/Electric-Vehicle-Charging-Station-Market-Size-Worth-USD-111-90-Billion-Globally-by-2028-at-30-26-CAGR.html
  3. https://www.simplyinsurance.com/how-many-homeowners-in-the-us/
  4. https://www.fortunebusinessinsights.com/portable-power-station-market-105508
  5. https://en.wikipedia.org/wiki/Plug-in_electric_vehicles_in_the_United_States#:~:text=As%20of%20December%202021%2C%20cumulative,led%20by%20all%2Delectric%20cars.
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  8. https://www.globenewswire.com/news-release/2022/06/24/2468715/0/en/The-United-States-Tonneau-Covers-market-is-expected-to-grow-at-a-CAGR-of-8-6-during-2022-2027.html#:~:text=filingsmedia%20partners-,The%20United%20States%20Tonneau%20Covers%20market%20is%20expected%20to%20grow,of%208.6%25%20during%202022%2D2027
  9. https://www.whitehouse.gov/briefing-room/statements-releases/2021/04/22/fact-sheet-president-biden-sets-2030-greenhouse-gas-pollution-reduction-target-aimed-at-creating-good-paying-union-jobs-and-securing-u-s-leadership-on-clean-energy-technologies/
  10. https://www2.deloitte.com/us/en/insights/focus/future-of-mobility/electric-vehicle-trends-2030.html
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  12. https://www.whitehouse.gov/briefing-room/statements-releases/2022/06/30/fact-sheet-health-sector-leaders-join-biden-administrations-pledge-to-reduce-greenhouse-gas-emissions-50-by-2030/#:~:text=The%20health%20care%20sector%20accounts,net%2Dzero%20emissions%20in%202050.
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