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Worksport Announces Strategic Partnership with NeuronicWorks to Assemble COR Battery System for Alpha Release and Full Production

West Seneca, New York, January 3rd, 2023 — Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”) is pleased to announce that it has formed a strategic partnership with NeuronicWorks Inc., a Toronto-based high-tech custom electronic product development and manufacturing company, to manufacture and assemble the COR battery system in preparation for the system’s anticipated Alpha release. Along with supplying Worksport’s circuit boards for the COR hub, NeuronicWorks will perfect the construction of the full unit.

COR’s Alpha release, which will allow real-world testing and first-hand user experiences, is intended to be a pivotal step towards the manufacturing of the COR system in Canada, and eventually launching it using both international and domestic parts. Working together, Worksport and NeuronicWorks intend to implement a rigorous quality control process to ensure the highest quality standards.

“The partnership with NeuronicWorks is very important for our vision of a ‘Made in North  America’ product,” said Rafael Oliveira, Worksport’s Chief Technology Officer. “We will be able to consistently observe NeuronicWorks’ manufacturing our COR battery system.  In addition, the physical proximity of Worksport and NeuronicWorks in the Toronto area allows for a deep synergy. It’s exciting to have such a strong partner in the development of mobile microgrids and portable power sources.”

“Selecting a high-tech manufacturing partner like NeuronicWorks is a big step for Worksport on the road to the eventual market introduction of the revolutionary and world-beating SOLIS solar light truck cover and its companion COR battery system,” said Worksport CEO Steven Rossi. “We are thrilled to be partnering with such a distinguished electronic engineering leader and benefit from its substantial track record in bringing to market highly advanced proprietary products. Assembling the COR system in Canada in partnership with this leading electrical engineering company is a testament to our commitment to quality and sustainability. By bringing assembly to Canada, we have further strengthened our position in the renewable energy sector.”

“We are proud to be involved with breakthrough, revolutionary products, such as Worksport’s COR battery system and its companion SOLIS solar truck cover,” said NeuronicWorks CEO Titu Botos. “Innovation and creativity are what drives our team of talented designers and engineers, and we are very excited to be actively engaged in the development of Worksport’s COR portable battery system. This collaboration aligns with our commitment to continue innovation in the field of cleantech and green energy.”

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,” “project,” “should,” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. These 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: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to sell our products; and (iv) 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 SEC, including, without limitation, our Annual Report on Form 10-K and our 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. 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.

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