October 5, 2021

Worksport Eyes Future Solar Innovation with Perovskite R&D

Mississauga – October 5, 2021 — Worksport Ltd (Nasdaq-CM: WKSP; WKSPW) (the “Company”) is excited to announce that it has entered into a joint collaboration with Greatcell Solar Italy.

Worksport’s commitment to decarbonizing transportation is attracting the best of the best in complementary companies that hold a similar vision: to shift consumer mindsets toward grid-independent technology solutions.

Worksport partners with industry-leading solar providers for flexible, high efficiency, mono-crystalline panels for their Terravis systems, currently available for pre-order. Management believes the inaugural Terravis solar cover and COR energy storage system will establish a very loyal market, one that will look forward to next-generation technological enhancements across the Company’s product lines. And this is precisely why the Company is excited to partner with Greatcell, a Top 3 Global Innovator in Perovskite Solar Cell technology.

Greatcell, headquartered in Australia, has been building on a substantial IP portfolio covering 3rd-Generation Solar Technologies since 2012. Through its R&D, it is creating low-cost, bespoke, renewable electricity transducers, based on PSC, that can compete against all other forms of energy production in all lighting conditions.

“Perovskite Solar Cells provide upwards of double the energy conversion efficiency compared to mono-crystalline silicon – even in shade and low light – require simpler manufacturing processes, and are light weight,” states Greatcell Solar Italia Managing Director Dr. Luca Sorbello.

Worksport believed that for consumers to want to adopt these types of technologies, the Company must lead the way in these innovations, maintaining simple, affordable, top-tier, and practical product implementations. As Greatcell is specially positioned to commercialize PSC technology through micropower and midi-power cells for IoT, mobile, and other rechargeables – markets that are measured in the billions of devices – Worksport management considers the collaboration a natural partnership.

Greatcell was the very first solar harvesting energy company that recognized the opportunity what Worksport is aiming to achieve through its Terravis Energy’s Solis line of solar harvesting tonneau covers. Their management immediately realized that Perovskite would be a perfect fit as its band gap photoluminescence would allow the Solis tonneau cover to collect a wider spectrum of light to convert into electricity, which will make future iterations of the Worksport and Terravis Energy solar line that much more powerful and competitive.

“Worksport, through its subsidiary Terravis Energy, is very excited to work with companies such as Greatcell as we strive to provide our customers with the latest in solar technology available on the market. The best is yet to come through strategic partnerships such as this one, which demonstrates the Company’s commitment to decarbonize transportation with the most innovative solutions,” states Terravis Energy CEO Lorenzo H. Rossi.

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.