Worksport announces strong SOLIS & COR Pre-order Sales

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Richmond Hill, Ontario, Canada – August 18, 2022 – Worksport Ltd. (Nasdaq: WKSP) (the “Company” or “Worksport”) and its subsidiaries, announces that the Company expects between US$350,000-$450,000 in unrealized revenue for pre-orders of SOLIS, the Company’s proprietary solar truck bed tonneau cover, and COR, its portable energy storage system. Given the limited marketing efforts, the pre-sale has exceeded expectations and management believes the data collected is very promising. The Company, following the official launch of the Worksport eCommerce website, will prepare its dedicated product marketing campaigns with pre-sales of SOLIS and COR expected to be more robust.

Worksport is inventing a new category for mobile power generation and off-grid energy storage,” said Worksport CEO Steven Rossi. “SOLIS and COR are new, out-of-the-box ideas, that we believe will disrupt the EV and ESS industries. Current pre-sales have helped us understand who will be buying SOLIS and COR. We now know our customers much better, which has been necessary to build marketing campaigns for these two products that could have the potential to change lifestyles.”

“Having a truck is more of a lifestyle choice,” added Rossi. “It could be used for everyday driving, off-roading, camping, and home or business projects. Owners want off-grid portable and renewable green energy – and view the SOLIS and COR system as reflecting their own commitment to the future of the environment.”

“The SOLIS and COR pre-sale efforts are necessary to determine how many units would be needed for initial manufacturing, which is expected to begin in Q4 2022 at Worksport’s West Seneca, NY facility. Investors and shareholders will be interested to know that as SOLIS and COR approach full-scale production, we are planning marketing campaigns aimed at securing as many pre-orders as possible before the end of 2022,” Rossi said. “The market for SOLIS and COR doesn’t fit into a neat and pre-existing niche – we are pioneering a new and very large market, and now we know much better what it is and who is in it. That should make Worksport’s production and marketing that much more smooth and more targeted as a result. It was time and investment well spent. Worksport is eager to get these very exciting breakthrough products in the hands of customers who have demonstrated how excited they are by pre-ordering months in advance. We believe demand will be very high based on preliminary data. This is an important milestone for the Company, and we look forward to delivering our products to the larger markets as USA manufacturing comes fully online.”

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.

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