Worksport Appoints Ambassador Ned L. Siegel and William J. Caragol to Board of Directors

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Managing Director at Quidem LLC, a corporate advisory firm

Mississauga, Aug. 24, 2021 — Worksport Ltd (Nasdaq-CM: WKSP; WKSPW) (the “Company”) appointed U.S. Ambassador Ned L. Siegel and William J. Caragol to its Board of Directors as of June 30, 2021.

Worksport’s commitment to decarbonizing transportation and innovating clean energy production is something management believes is vitally important for today’s world. The Company is acutely focused on bringing robust products to market that Worksport believes has the potential to shift consumers’ mindsets of adopting clean-energy technologies. Worksport is also committed to establishing relationships with government agencies to expand support for these strategic initiatives. The appointments of government and technology veterans Amb. Ned L. Siegel and William J. Caragol, directly reflect this commitment.

Amb. Siegel is a lawyer, real estate businessman, and former U.S. ambassador to the Commonwealth of the Bahamas. With over 30 years of business successes, Amb. Siegel’s significant CV includes appointment by former Florida Governor Jeb Bush to Enterprise Florida’s Board of Directors and the Space Research and Commerce Park Planning & Development Committee at the John F. Kennedy Space Center. President George W. Bush honored Amb. Siegel in 2003 with a Presidential Appointment to the Board of Directors of the Overseas Private Investment Corporation (OPIC) followed by an appointment in 2006 to serve as a Representative of the United States to the United Nations.
 
Worksport believes that Amb. Siegel’s appointment will provide the introductions necessary to promote its products with government agencies, military networks, the Department of Homeland Security and FEMA.
 
“It is an honor and a privilege to be appointed by Worksport management, a team that not only understands what the EV & Sustainable Energy markets need, but also brings a winning vision with infinite wisdom to provide these markets with world-class products. I look forward to working with them and supporting them with strategic government relationships,” states Amb. Siegel.

William J. Caragol is Managing Director at Quidem LLC, a corporate advisory firm that assists early- and late-stage companies in corporate strategy and positioning, as they relate to new product development and commercialization, among many other corporate services. Mr. Caragol has been involved in various market sectors as a tech investor and executive, including positions as Director, Chairman, CEO, and CFO of many public and private technology companies, ranging from Biotechnology, Blockchain, Medical Products, Homeland Security, and Information Technology. One of his recent roles being Director – Audit Committee Chair for GreenBox POS.

Mr. Caragol brings significant advisory and technological expertise to Worksport’s leadership team. Mr. Caragol’s appointment only solidifies Worksport’s bid to become an innovator and market leader in the Green Energy automotive sector.
“The Worksport team’s accomplishments and aspirational goals for green energy solutions for the automotive industry and beyond are truly impressive. I am excited to join them on this journey,” states Mr. Caragol.

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.

Be the first to know the latest Worksport news

WORKSPORT IN THE MEDIA

When an offering gets this much attention it is a sign to stand up and take notice. Some of the biggest names in Cleantech are talking Worksport.

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.

Be the first to know the latest Worksport news

WORKSPORT IN THE MEDIA

When an offering gets this much attention it is a sign to stand up and take notice. Some of the biggest names in Cleantech are talking Worksport.

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