Worksport COR product set to begin sales, pending final approval

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Richmond Hill, Ontario, Canada – September 13, 2022 – Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”), is announcing it is nearing the completion of tooling for its COR portable energy storage system. This is the final step in a long effort to perfect the product and prepare it for market launch.  COR, with modular batteries and advanced hot-swap technology, works with SOLIS, Worksport’s groundbreaking advanced truck bed tonneau cover with integrated solar panels.

“This is a very exciting moment for the Company. The work we put in prior to this final pre-production step in all probability means there will be no further required changes before introducing COR to the wider market,” said Worksport CEO Steven Rossi. “The first production-ready COR systems are expected to be delivered to the Company for final testing in mid to late October with its companion SOLIS tonneau cover to follow by the end of the year. One of the reasons that these production dates are realistic is that Company worked with the leading UL consultant who helped us smooth the way for rapid UL approval.”

In looking back on the journey that has culminated in production readiness for COR and SOLIS, Rossi added, “In less than two years, we raised the money needed fund the advanced R&D necessary to launch SOLIS and COR as well as re-built the company from the ground up, build up inventory of current product lines, brought on skilled qualified team members and are now about to launch a unique products that have been created to regenerate electric power from the sun, enhance the environment, reduce carbon emissions and change lifestyles in outdoor workplaces and recreational sites. We are very proud of these accomplishments and wish to thank those early investors who supported us from the start of this important journey. The hard work is done and now is the time to change our focus — from building and preparing to produce and distribute these exciting products.”

The Company said that before production, there will be some final internal testing to ensure the COR is pushed to its limit and still keeps working effectively. Then several will be sent out to influencers, reviewers and eagerly awaiting potential customers, including OEM’s we’ve been working towards building a lasting relationship with like Hyundai, as well as others while media assets will be prepared, demonstrating COR’s capabilities. Other partners will also receive pre-production models. A major Original Equipment Manufacturer who has been developing its own exclusive SOLIS and COR system for its brands will also receive an entire system for further review and development.

“Current pre-sales have been very useful and have provided the Company with valuable insight in shaping our upcoming SOLIS and COR marketing campaigns,” Rossi said. “They are new, out of the box and lifestyle changing ideas, and no pre-existing prototype campaigns already exist. We now understand our customers much better, and we can’t wait for them – and our shareholders and investors – to use these products and understand their vast potential. It is a true inflection point for Worksport, and the most exciting moment in the Company’s history.

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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WORKSPORT IN THE MEDIA

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